XPEL Q2 Earnings Tops Estimates

by Shivani Kumaresan, Benzinga Staff Writer

August 9, 2021 3:35 PM | 1 min read

XPEL Inc XPEL reported second-quarter FY21 sales growth of 92% year-on-year, to $68.74 million, beating the analyst consensus of $57.78 million.
Product revenue rose 89.5% Y/Y, and services revenue increased 107.9%.
The gross margin for the quarter expanded 390 basis points to 36.7%.
The operating margin was 18.4%, and operating income for the quarter rose 146% to $12.7 million.
The company held $8.7 million in cash and equivalents as of June 30, 2021.
EBITDA grew 139.8% to $13.6 million, with a margin of 19.8%, versus 15.8% last year.
EPS of $0.37 beat the analyst consensus of $0.26.
Price action: XPEL shares traded lower by 0.51% at $83.46 on the last check Monday.

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