XPEL, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023
February 22, 2024 at 08:20 am EST
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XPEL, Inc. reported earnings results for the full year ended December 31, 2023. For the full year, the company reported revenue was USD 396.29 million compared to USD 323.99 million a year ago. Net income was USD 52.8 million compared to USD 41.38 million a year ago.
Basic earnings per share from continuing operations was USD 1.91 compared to USD 1.5 a year ago. Diluted earnings per share from continuing operations was USD 1.91 compared to USD 1.5 a year ago.
XPEL, Inc. is a provider of protective films and coatings, including automotive paint protection film, surface protection film, automotive and architectural window films, and ceramic coatings. The Company also provides installation services for its products through multiple channels. Paint protection film, its flagship product, is a self-adhesive, clear film designed to be applied to painted surfaces of automobiles and other surfaces. It sells several lines of automotive window films, primarily under the XPEL PRIME brand name. It sells architectural glass solutions for commercial and residential buildings under the VISION brand name, representing its product set with a fully non-automotive use. Its architectural window films come in several categories, including solar, safety and security, and other. It sells a hydrophobic, self-cleaning coating that can be applied to a variety of surface types for automobiles, aircraft and marine applications. It offers a Design Access Platform.
XPEL, INC. 
