Shares of XPEL, Inc. (XPEL), a provider of protective films and coatings, were down more than 16 percent in pre-market on Thursday to $15.50, after reporting significantly lower profit for the first quarter despite growth in revenue.
Net income decreased 41.7 percent to $6.7 million, or $0.24 per share, from $11.4 million, or $0.41 per share in the same quarter a year ago, mainly impacted by higher expenses.
Operating expenses increased 36.2 percent year on year to $28.65 million.
Excluding one-time items, earnings were $0.29 per share.
Revenue for the quarter, however, increased 5 percent to $90.1 million from $85.84 million in the previous year.
XPEL shares had closed at $53.79, 2.36 percent up on Wednesday. The stock has been trading in the range of $40.77 - $87.46 in the last 1 year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.