XPEL, Inc. (XPEL) Tops Q1 EPS by 1c, Revenues Beat

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Go back to XPEL, Inc. (XPEL) Tops Q1 EPS by 1c, Revenues Beat

XPEL Reports Revenue Growth of 14.8% in First Quarter 2020

May 14, 2020 8:30 AM EDT

SAN ANTONIO--(BUSINESS WIRE)-- XPEL, Inc. (Nasdaq: XPEL) (the Company), a global provider of protective films and coatings, announced results for the first quarter ended March 31, 2020.

First Quarter 2020 Highlights:

Revenues increased 14.8% to $28.4 million compared to first quarter 2019 Gross margin improved to 36.3% compared to 33.0% in the same quarter of 2019

XPEL reported net income of $1.6 million or $.06 per share. The Company incurred approximately $0.4 million in foreign currency exchange losses resulting from currency fluctuations late in the quarter in response to the spread of COVID-19.... More