XPEL Reports 14.4% YOY Growth with USD 102.7 Million in Revenue for FY2023 Q3

☀️Earnings Overview

At the conclusion of fiscal year 2023’s third quarter on September 30, XPEL ($NASDAQ:XPEL) reported total revenue of USD 102.7 million, representing a 14.4% increase from the same period in the prior year. Net income for the same period was USD 13.7 million, a 2.6% increase year-over-year.

Analysis

Financials of XPEL have been carefully examined and analyzed by GoodWhale. Their star chart suggests that the company is strong in terms of asset, growth and profitability, however, weak in dividend. XPEL is classified as ‘gorilla’, which implies that the company has achieved stable and high revenue or earning growth due to its strong competitive advantage. Investors who are interested in such company could be those who are willing to take risks with their investments. Furthermore, XPEL has a high health score of 10/10 due to its cashflows and debt. This implies that the company is capable of sustaining future operations during times of crisis. Therefore, XPEL might be an attractive investment option for investors who are looking for companies with strong financial performance and long-term resilience. xpel&utm_title=XPEL_Reports_14.4_YOY_Growth_with_USD_102.7_Million_in_Revenue_for_FY2023_Q3″>More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Xpel. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Xpel. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Xpel. More…

Key Ratios Snapshot

Some of the financial key ratios for Xpel are shown below. More…

Peers

In the automotive industry, there are many suppliers of aftermarket paint and film protection products. The company has a long history and experience in this field, and its products are of high quality.

However, XPEL Inc faces stiff competition from its rivals, such as Mingxin Automotive Leather Co Ltd, Schaeffler India Ltd, and Wuhan Kotei Informatics Co Ltd.

– Mingxin Automotive Leather Co Ltd ($SHSE:605068)

Mingxin Automotive Leather Co Ltd is a publicly traded company with a market capitalization of 4.83 billion as of 2022. The company’s return on equity is 3.57%. Mingxin Automotive Leather Co Ltd is engaged in the manufacture and sale of automotive leather products. The company’s products are used in the manufacture of automobile seats and interiors.

– Schaeffler India Ltd ($BSE:505790)

Schaeffler India Ltd is an automotive and industrial supplier of bearings, components and services with a market cap of 462.71B as of 2022. The company has a Return on Equity of 18.35%. Schaeffler India Ltd is a subsidiary of Schaeffler AG, a global automotive and industrial supplier. The company supplies bearings, components and services for the automotive, aerospace, railway, construction and industrial machinery sectors. Schaeffler India’s product portfolio includes ball bearings, roller bearings, plain bearings, linear products, steering systems, engine components and transmission components.

– Wuhan Kotei Informatics Co Ltd ($SZSE:301221)

Wuhan Kotei Informatics Co Ltd is a Chinese company that specializes in big data and artificial intelligence. The company has a market cap of 4.41B as of 2022 and a Return on Equity of 1.0%. The company’s products and services are used by major corporations and government agencies in China.

Summary

Investors may want to keep an eye on XPEL, which reported total revenue of USD 102.7 million for the third quarter of 2023, a 14.4% year-over-year growth. Net income was up 2.6% from the same period last year at USD 13.7 million. Despite these strong financial results, stock prices moved down on the day of the earnings release. This could indicate that investors are concerned about XPEL’s outlook going forward and may be waiting for more detailed information about the company’s plans for growth in the near future.