Xpel Q1 Earnings Exceed Estimates Amid New Car Inventory Constraints
Xpel Inc (NASDAQ:XPEL) reported first-quarter FY22 sales growth of 38.6% year-on-year to $71.86 million, beating the consensus of $68.86 million. Product revenue rose 29.3% Y/Y, and Services revenue increased 98.5%. The gross margin for the quarter expanded 330 basis points to 38.6%. The operating margin was 14%, and operating income for the quarter…
Benzinga ·