XPEL, Inc. (NASDAQ:XPEL) shares are soaring 22.93% in early trading on Tuesday following the company's release of impressive first-quarter 2025 financial results, announcement of a new stock repurchase program, and strong guidance for the second quarter.
The automotive protective films and coatings manufacturer reported Q1 earnings per share of $0.31, surpassing analyst estimates of $0.27 by 14.81%. This represents a 6.9% increase from the $0.29 per share reported in the same period last year. Quarterly revenue reached $103.81 million, beating the consensus estimate of $97.40 million by 6.58% and marking a 15.21% year-over-year increase. Net income grew by an impressive 28.8% compared to the previous year, reaching $8.6 million, while EBITDA came in at $14.4 million with a solid gross margin of 42.3%.
Adding to investor enthusiasm, XPEL announced a $50 million stock repurchase program, signaling confidence in its financial position and commitment to enhancing shareholder value. The company also provided strong guidance for Q2 2025, projecting revenue between $117 million and $119 million. This trifecta of positive news - strong earnings, a share buyback plan, and optimistic forward guidance - appears to be driving the significant stock price surge in today's trading session.