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AI brief of an SEC Form 8-K · XPEL (XPEL)

XPEL Q2 revenue rises 7.5% to $109.9 million; net income falls 4.5% to $15.0 million

Mixed Impact 3 of 5 earnings Written later

XPEL reported second-quarter 2024 results on August 8, 2024, with revenue up 7.5% to $109.9 million, which the company called a record. Net income fell 4.5% to $15.0 million, or $0.54 per share, from $15.7 million, or $0.57 per share, a year earlier, and the company kept its 2024 annual revenue growth projection at 8-10%. Revenue growth was offset by higher operating expenses, and the results are preliminary and unaudited until the Form 10-Q, expected on or before August 9, 2024.

Key points

  • Q2 2024 revenue of $109.9 million, up 7.5% from $102.2 million in Q2 2023
  • Net income of $15.0 million, or $0.54 per diluted share, versus $15.7 million, or $0.57, a year earlier
  • EBITDA of $21.8 million, or 19.9% of revenue, versus $22.4 million, or 21.9%, in Q2 2023
  • China revenue fell 45.7% to $4.4 million; 2024 annual revenue growth projection remains 8-10%

The filing

CompanyXPEL (XPEL)
Form8-K, current report
Filed with the SECAug 8, 2024, 8:28 AM ET
Accession number0001767258-24-000033

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 08, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.