XPEL Q3 Revenue Climbs 9.9% to $137.8 Million as Net Income Rises 26.3%
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XPEL, Inc., a provider of protective films and coatings, announced preliminary, unaudited revenue of $137.809 million for the third quarter ended Sept. 30, up 9.9% from a year earlier. Net income attributable to stockholders increased 26.3% to $16.341 million. U.S. revenue rose 7% to $76.719 million and accounted for 55.7% of quarterly revenue. Window film revenue increased 11.8% and made up 22.4% of the total. Gross margin was 44.6%, compared with 41.8% in the year-earlier quarter. Cash provided by operating activities fell to $21.083 million from $33.154 million, a 36.4% decline.
Source: TokenPost
