XPEL, Inc. (NASDAQ: XPEL) reported Q2 EPS of $0.14, $0.09 better than the analyst estimate of $0.05. Revenue for the quarter came in at $35.8 million versus the consensus estimate of $26.72 million.

Second Quarter 2020 Highlights:

• Revenues increased 19.0% to $35.8 million compared to second quarter 2019
• Net income grew 32.1% to $4.0 million, or $0.14 per basic and diluted share, compared to $3.0 million, or $0.11 per basic and diluted share, in the same quarter of 2019
• EBITDA grew 29.2% to $5.7 million, or 15.8% of revenues compared to $4.4 million in second quarter 20191

Ryan Pape, President and Chief Executive Officer of XPEL, commented, “We're very pleased to have achieved strong second quarter results even as the world continued to contend with the impact of the COVID-19 pandemic. As we moved through the quarter, following early lockdown-related declines, we saw incredible top line resilience, led by the United States and China, which culminated in an all-time record revenue month in June. Early in the quarter, our team took swift action to manage through the crisis. These actions, along with this top line recovery, drove substantial net income growth and record operating cash flow while avoiding any layoffs or furloughs. While the economy continues to face uncertainty related to future COVID-19 impacts, we are cautiously optimistic that our second quarter momentum will continue as we move through the rest of the year.”

For earnings history and earnings-related data on XPEL, Inc. (XPEL) click here.