XPEL, Inc.

XPEL, Inc. reported strong second-quarter 2026 results with total revenue increasing to $143.1 million and net income rising to $18.3 million. Diluted EPS also grew to $0.65. The company significantly expanded its asset base by acquiring properties for $61.3 million, primarily funded by a new $44.8 million term loan, reflecting strategic investments in its operations.

XPEL, Inc. reported record revenue of $143.1 million for the second quarter of 2026, marking a 14.7% increase year-over-year. Net income attributable to stockholders rose 10.7% to $18.0 million, with diluted earnings per share of $0.65. The company also saw strong growth in EBITDA and made significant investments in manufacturing expansion in San Antonio and China. For Q3 2026, XPEL anticipates revenue between $137 million and $139 million.

XPEL, Inc. announced that Mark Thornton resigned from its Board of Directors, effective immediately on July 30, 2026. The company stated that Mr. Thornton's resignation was prompted by a new policy from his employer, which prohibits him from serving on the Board. XPEL clarified that his departure was not a result of any disagreement with the company's operations, policies, or practices.

XPEL, Inc. held its 2026 annual meeting of stockholders on June 10, 2026, with 85% of eligible shares represented. Stockholders elected six nominees to the Board of Directors for a one-year term. Additionally, the appointment of Deloitte & Touche, LLP as the independent registered public accounting firm for 2026 was ratified, and the advisory vote on named executive officer compensation was approved.

XPEL, Inc. announced a significant manufacturing and supply chain investment totaling approximately $110 million. This includes the acquisition of its San Antonio, Texas storage, fabrication, and warehouse facility for approximately $60.4 million and a new manufacturing facility in China. The San Antonio acquisition was funded by a $44.8 million building loan from PNC Bank and a $15.6 million equity contribution from the Company. These strategic investments are expected to improve agility, quality, and innovation, with minimal impact on 2026 EPS and anticipated incremental margin contribution starting mid-2027, while reaffirming 2028 operating margin targets.

XPEL, Inc. reported a strong first quarter for 2026, with total revenue increasing by 13.1% to $117.4 million and diluted earnings per share rising to $0.37. Net income attributable to stockholders grew by 20.5% to $10.3 million. The company also repurchased $2.9 million in shares under its stock repurchase program and saw significant revenue growth in China and the EU, UK, and Africa regions.

XPEL, Inc. announced strong consolidated financial results for the first quarter of 2026, with revenue increasing 13.1% to $117.4 million and net income attributable to stockholders rising 20.5% to $10.3 million. EBITDA also saw significant growth, up 17.8% to $17.0 million. The company provided a positive outlook, expecting second-quarter 2026 revenue to be between $135 million and $137 million.

XPEL, Inc. announced the appointment of Mark A. Thornton to its Board of Directors, effective April 23, 2026. Thornton is also nominated for election at the upcoming Annual Meeting of Stockholders on June 10, 2026. Stockholders will also vote on the election of five other director nominees, the ratification of Deloitte & Touche LLP as independent auditor for 2026, and an advisory vote on executive compensation. The record date for voting is April 15, 2026, with 27,561,035 shares outstanding.

XPEL, Inc. appointed Mark Thornton to its Board of Directors on April 23, 2026. Mr. Thornton, with 28 years of experience at The Procter & Gamble Company, will also serve on the Compensation and Nominating and Corporate Governance Committees. He brings expertise in innovation, strategy, and product development, having previously led P&G's Pampers brand in Asia-Pacific and built its China business. He will receive an annual cash retainer of $60,000, prorated for 2026, which can be paid in common stock.