XPEL, Inc. (NASDAQ:XPEL) shares plummeted by 5.17% in intraday trading on Thursday, February 27, following the release of the company's full-year 2024 earnings results.
While XPEL reported a 6.1% increase in revenue to $420.4 million, meeting analyst expectations, the company's net income declined by 14% to $45.5 million, and profit margins dropped from 13% in 2023 to 11% in 2024. The lower profitability was attributed to higher expenses.
XPEL's earnings per share (EPS) of $1.65 also fell short of the previous year's figure of $1.91, despite meeting analyst expectations. The company cited challenges in maintaining its profitability levels, which may have raised concerns among investors regarding its ability to control costs and sustain growth.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。