XPEL, Inc. Q4 2025 Earnings Call Summary

Performance in the U.S. was impacted by a $1 million to $2 million demand headwind in the referral channel due to the pull-forward of EV sales ahead of credit expirations. The acquisition of the China distribution business is a cornerstone of the strategy to own direct positions in the world's largest car markets, contributing $14 million in its first full quarter. Management is pivoting the product strategy to focus on core high-margin films and immediate adjacencies, intentionally moving away from l ...