XPEL, Inc. (NASDAQ: XPEL) reported Q1 EPS of $0.26, $0.09 better than the analyst estimate of $0.17. Revenue for the quarter came in at $51.9 million versus the consensus estimate of $45.22 million.

First Quarter 2021 Highlights:

• Revenues increased 82.7% to $51.9 million compared to first quarter 2020 and increased 6.7% sequentially as compared to fourth quarter 2020.
• Net income grew 324.9% to $6.8 million, or $0.25 per basic and diluted share, compared to $1.6 million, or $0.06 per basic and diluted share, in the same quarter of 2020.
• EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) grew 256.0% to $9.2 million, or 17.7% of revenues compared to $2.6 million, or 9.1% in first quarter 2020.1

Ryan Pape, President and Chief Executive Officer of XPEL, commented, “The momentum we saw at the end of last year carried over into 2021 resulting in record top and bottom line performance for the Company. We saw strong growth across all of our regions, particularly in China where we first experienced COVID-19 impact during the first quarter of last year.”

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