An installer is trained to apply XPEL window film in a session offered by the San Antonio manufacturer. The company reported record revenue in the second quarter and profit that topped expectations.

San Antonio-based XPEL Inc., which manufactures and sells protective films for cars and windows, saw its stock price rocket after the company posted record second quarter revenue.

The manufacturing company reported all-time high revenue of $83.9 million in the three months through June, up 22 percent from the same period last year.

It generated quarterly profit of $11.9 million, up from $10.2 million. XPEL’s profit of 43 cents per share beat two Wall Street analysts’ earnings expectations of 34 cents. Its revenue also topped estimates.

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The company’s stock jumped 15 percent Tuesday afternoon after it reported results — a sign investors are upbeat about its prospects.

“We’re pleased to have delivered strong second quarter results, especially in the face of continuing headwinds related to on-going tight new car inventory, COVID-related impacts in China and the strengthening U.S. Dollar,” President and CEO Ryan Pape said in a statement. “We continued to see robust demand for our products and services across most of our regions. We remain confident in our ability to drive continued strong performance in the second half of 2022.”

U.S. auto sales have fallen this year as shortages of computer chips and other parts have crimped delivery of new cars to dealership lots. The dearth of vehicles amid strong consumer demand has sent prices roaring upward — the average new car sold for more than $47,000 in July. But that didn’t weigh down XPEL’s results.

XPEL employs 750 workers and has a $2 billion market value. It sells its paint protection film coating products to car owners aftermarket, as well as to car dealerships that can offer the products to car buyers as an add-on.

In July, XPEL and electric truck manufacturer Rivian announced a partnership in which Rivian will offer XPEL’s paint protection films for trucks coming directly from the factory. On a call with stock analysts Tuesday, Pape said the deal would help XPEL “reach buyers today that we wouldn't reach in many cases ... either because the dealers aren't offering it or the customer is not aware of it.”

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XPEL also sells window films for buildings, antimicrobial films for electronics and ceramic coating for cars, among other things. A protective paint film that covers an entire car costs between $4,000 and $6,000, the company said in an investor presentation.

XPEL stock is down nearly 12 percent so far this year amid a broader market downturn, but its shares have risen more than 4,700 percent in the past five years. On Tuesday, XPEL shares closed at $75.43, up 15.4 percent from a day earlier.

Diego Mendoza-Moyers is a business reporter covering energy, manufacturing and labor. A native of El Paso, he has previously written for the Albany Times Union, Las Vegas Review-Journal and Arizona Republic. He graduated from Arizona State University with a B.A. in journalism. Call Diego at 210-250-3165 or email diego.mendoza-moyers@express-news.net