Earnings Call Summary | XPEL Inc(XPEL.US) Q1 2024 Earnings Conference
Earnings Call Summary | XPEL Inc(XPEL.US) Q1 2024 Earnings Conference
The following is a summary of the Xpel, Inc. (XPEL) Q1 2024 Earnings Call Transcript:
以下是Xpel, Inc.（XPEL）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Xpel reported Q1 revenue growth of 5% to $90 million with US revenue growing 1.9% compared to Q1 2023 to $52 million.
The gross margin finished at 42%.
Total window film revenue grew 10.3% in Q1. Revenue from the Vision product line grew 33.1% to $1.8 million.
OEM business revenue increased by approximately 58% to 4.6 million compared to Q1 2023.
Total installation revenue combining product and service grew 34.7% in Q1, making up about 22% of total revenue.
SG&A expense grew 36.2% to $28.6 million and represented 31.8% of the revenue.
Q1 EBITDA dropped 31.5% to $11.7 million resulting in an EBITDA margin of 13%.
Net income in Q1 declined 41.7% to $6.7 million, reflecting a net income margin of 7.4% and earnings per share of $0.24.
Xpel報告稱，第一季度收入增長5％，達到9000萬美元，美國收入與2023年第一季度相比增長1.9％，達到5200萬美元。
毛利率收於42％。
第一季度窗膜總收入增長了10.3％。視覺產品線的收入增長了33.1％，達到180萬美元。
與2023年第一季度相比，OEM業務收入增長了約58％，達到460萬英鎊。
產品和服務的總安裝收入在第一季度增長了34.7％，約佔總收入的22％。
銷售和收購費用增長了36.2％，達到2,860萬美元，佔收入的31.8％。
第一季度息稅折舊攤銷前利潤下降了31.5％，至1170萬美元，息稅折舊攤銷前利潤率爲13％。
第一季度的淨收入下降了41.7％，至670萬美元，反映了7.4％的淨利潤率和0.24美元的每股收益。
Business Progress:
業務進展：
The company reached a deal with TIM world for product supply.
Xpel's operations in India are well underway, facilitating expansion and providing better customer support in the Middle East.
The sub OEM business saw a 58% year-over-year revenue increase.
Several new products were introduced to expand the product set for customers.
The focus is on discipline in capital allocation with a priority on M&A and growth in the dealership business.
Management is working to streamline product lines and improve inventory management in China.
The company plans to manage costs while enhancing the customer experience and expects the SG&A run rate to remain stable.
They anticipate a return to positive operating cash flow in Q2 and expect to return to solid double-digit growth, overcoming macro challenges due to improving revenue momentum.
該公司與TIM World就產品供應達成協議。
Xpel在印度的業務進展順利，促進了擴張並在中東提供了更好的客戶支持。
次級OEM業務的收入同比增長了58％。
推出了幾款新產品，以擴展客戶的產品組合。
重點是資本配置的紀律，優先考慮併購和經銷商業務的增長。
管理層正在努力簡化產品線並改善中國的庫存管理。
該公司計劃在改善客戶體驗的同時管理成本，並預計銷售和收購的運行率將保持穩定。
他們預計第二季度運營現金流將恢復正值，並預計將恢復穩健的兩位數增長，克服收入勢頭改善帶來的宏觀挑戰。
More details: XPEL Inc IR
更多詳情： XPEL Inc IR
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譯文內容由第三人軟體翻譯。