Business
XPEL Reports Record Revenue of $124.7 Million; Revenue Growth of 13.5% in Second Quarter 2025
SAN ANTONIO--(BUSINESS WIRE)-- XPEL, Inc. (Nasdaq: XPEL) (the "Company"), a global provider of protective films and coatings, announced consolidated results1
About this update from Xpel, Inc.
[{"type":"text","content":" SAN ANTONIO--(BUSINESS WIRE)--\nXPEL, Inc. (Nasdaq: XPEL) (the \"Company\"), a global provider of protective films and coatings, announced consolidated results1 for the second quarter of 2025.\n\n\nSecond Quarter 2025 Overview:\n\n\n\nRevenue increased 13.5% to $124.7 million in the second quarter of 2025.\n\n\n\n\n\nGross margin of 42.9% in the second quarter of 2025.\n\n\n\n\n\nEBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased 7.1% to $23.4 million, or 18.7% of revenue, compared to $21.8 million, or 19.9% of revenue in the second quarter of 2024.2 The Company incurred approximately $1.6 million in one-time charges related to restructuring costs, legal and due diligence costs related to the Company's acquisition strategy and other costs. Normalizing for these costs, EBITDA would have increased 14.7% to $25.0 million, or 20.0% of revenue.\n\n\n\n\n\nNet income increased 7.8% to $16.2 million, or $0.59 per basic and diluted share, versus net income of $15.0 million, or $0.54 per basic and diluted share in the second quarter of 2024. Normalizing for the one-time charges, net income would have grown 16.7% to $17.5 million or $0.63 per basic and diluted share.\n\n\n\nFirst Six Months 2025 Overview:\n\n\n\nRevenue increased 14.2% to $228.5 million in the first six months of 2025.\n\n\n\n\n\nGross margin of 42.6% in the first six months of 2025.\n\n\n\n\n\nEBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased 12.9% to $37.8 million, or 16.6% of revenue, compared to $33.5 million, or 16.8% of revenue in the first six months of 2024.2\n\n\n\n\n\nNet income increased 14.3% to $24.8 million, or $0.90 per basic and diluted share, versus net income of $21.7 million, or $0.79 per basic and diluted share in the first six months of 2024.\n\n\n\nRyan Pape, President and Chief Executive Officer of XPEL, commented, \"We saw good revenue momentum in the first half of the year and I am pleased with our first half performance in this environment. We look forward to building on this momentum for the rest of the year.\"\n\n\nFinancial Highlights for the Second Quarter 2025:\n\n\nSummary consolidated financial information for the three months ended June 30, 2025 and 2024 (unaudited, dollars in thousands):\n\n\n\n\n \n\n\n\n\n\n\nThree Months Ended June 30,\n\n\n\n\n\n\n% Change\n\n\n\n\n\n\...