FGI

EAST HANOVER, N.J., May 14, 2026 /PRNewswire/ -- FGI Industries Ltd. (Nasdaq: FGI) ("FGI" or the "Company"), a leading global supplier of kitchen and bath products, today announced results for the first quarter 2026. FIRST QUARTER 2026 HIGHLIGHTS (As compared to the first quarter of 2025) Total revenue of $30.5 million, -8.2% y/y Gross profit of $8.2 million, -8.3% y/y Gross margin of 26.8%, 0 bps y/y Operating loss of $0.7 million and net loss attributable to shareholders of $1.0 million Adjusted operating loss of $0.7 million1 Adjusted net loss of $0.7 million MANAGEMENT COMMENTARY Dave Bruce, CEO of FGI, stated, "FGI reported total revenue of $30.5 million in the quarter, representing a year-over-year decrease of 8.2%. Gross profit was $8.2 million, a decrease of 8.3% compared to the prior year. The gross margin was 26.8%, no change compared to the first quarter of 2025. The industry outlook remains uncertain due to tariffs but FGI's strategic investments in our Brands, Products and Channels strategy continues. FGI and our customers continue to evaluate a China+1 strategy to diversify and broaden our geographic sourcing. Revenue declined 5.9% and 25.5% in the U.S. and Canada markets, and increased 15.4% in the Europe market. Sanitaryware revenue decreased 20.0% year-over-year due to softer US homebuilder-related business from certain customers, uneven ordering patterns and lower retail sales in Canada. Bath furniture, shower systems and other increased 10.9%, 14.0% and 2.5%, respectively, compared to the prior year period reflecting positive momentum and new business wins. Covered Bridge further expanded its geographies and increased its dealer count. Isla Porter, our digital custom kitchen joint venture, continues to establish relationships with the premium design community with on-trend products. In India, we added more dealers as we expand our presence there." Bruce continued, "We are excited about our new product introductions and continue to invest in our brands and our future growth initiatives in our core businesses." Jae Chung, Chief Financial Officer of FGI, commented, "Total revenue decreased 8.2% year-over-year in the fourth quarter. FGI continues to invest in long-term growth through our BPC strategy and exercise discipline in overall operating expenses, which decreased 13.1% year-over-year to $8.9 million due primarily to lower selling and di...

This article first appeared on GuruFocus. Release Date: April 10, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. FGI Industries Ltd (NASDAQ:FGI) maintained a solid foundation despite broader industry challenges, thanks to strategic investments in organic growth initiatives. The company's gross margin expanded by 210 basis points to 26.7% this quarter, driven by better performance in higher-margin businesses. FGI's geographic expansion into India and growth in covered bridge kitchen cabinetry are promising for future growth. Operating expenses decreased due to optimized warehouse operations, contributing to an improved operating loss compared to the previous year. The company has made progress in diversifying its geographic sourcing, securing partnerships outside of China, which will help mitigate uncertainties. Fourth-quarter revenue decreased by 14.4% compared to the same period in 2024, impacted by tariff headwinds and prior year order pull forwards. Gross profit decreased by 6.8% year-over-year, reflecting challenges in the sanitary wear and shower systems businesses. GAAP net loss attributable to shareholders increased to $2.6 million from $0.4 million in the same period last year. The industry outlook remains uncertain due to the current tariff environment and geopolitical issues, affecting demand and order patterns. FGI's full-year revenue and gross profit were each down less than 1% compared to the prior year, indicating challenges in achieving growth. Warning! GuruFocus has detected 4 Warning Signs with FGI. Is FGI fairly valued? Test your thesis with our free DCF calculator. Q: Could you provide more detail on the assumptions in the end markets relative to the full-year guidance? A: Dave Bruce, CEO: We had significant momentum going into 2025, but global trade issues disrupted some of that. Despite uncertainties, including the Middle East conflict, we feel comfortable with our key customers and new programs, some of which were delayed due to tariff uncertainties. Overall, we are confident in the foundational aspects of our business across broader categories. Q: How has demand looked year-to-date compared to the fourth quarter, and who would benefit from any tariff refunds? A: Dave Bruce, CEO: We are pleased with Q1 performance so far, despite ongoing uncertainties. We expect tariffs, particu...

EAST HANOVER, N.J., April 9, 2026 /PRNewswire/ -- FGI Industries Ltd. (Nasdaq: FGI) ("FGI" or the "Company"), a leading global supplier of kitchen and bath products, today announced results for the fourth quarter and full-year 2025. FOURTH QUARTER 2025 HIGHLIGHTS (As compared to the fourth quarter of 2024) Total revenue of $30.5 million, -14.4% y/y Gross profit of $8.1 million, -6.8% y/y Gross margin of 26.7%, +210 bps y/y Operating loss of $0.7 million and net loss attributable to shareholders of $2.6 million Adjusted operating loss of $0.7 million1 Adjusted net loss of $0.6 million FULL-YEAR 2025 HIGHLIGHTS (As compared to full-year 2024) Total revenue of $130.5 million, -1.0% y/y Gross profit of $35.3 million, -0.5% y/y Gross margin of 27.0%, +10 bps y/y Operating loss of $2.4 million and net loss attributable to shareholders of $6.1 million Adjusted operating loss of $2.4 million Adjusted net loss of $2.6 million MANAGEMENT COMMENTARY Dave Bruce, CEO of FGI, stated, "FGI reported total revenue of $30.5 million in the quarter, representing a year-over-year decrease of 14.4%. Gross profit was $8.1 million, a decrease of 6.8% compared to the prior year. The gross margin was 26.7%, an increase of 210 basis points compared to the fourth quarter of 2024 driven by the better relative performance of some of our higher margin businesses. Customers continued to evaluate the impact of tariffs on their businesses amid the Supreme Court decision in February and subsequent response by the administration. The industry outlook remains uncertain due to tariffs but FGI's strategic investments in our Brands, Products and Channels strategy continues and is bearing fruit becoming a positive driver of revenue growth. FGI and our customers continue to evaluate a China+1 strategy to diversify and broaden our geographic sourcing. FGI's fourth quarter revenue decreased 14.4% compared to the prior year period. Revenue declined 15.5%, 16.9% and 5.6% in the U.S., Canada and Europe markets. Sanitaryware, bath furniture and shower system revenue decreased 12.2%, 34.9% and 13.9% compared to the prior year period. Our Other segment revenue, including Covered Bridge, declined 9.0% compared to the prior year. Covered Bridge further expanded its geographies and increased its dealer count. Isla Porter, our digital custom kitchen joint venture, continues to establish relationships with the p...

Revenue decline of 14.4% in Q4 was primarily attributed to a difficult year-over-year comparison against a significant order pull-forward in late 2024. Management noted a 'whipsaw effect' in ordering patterns as customers paused activity in mid-2025 to assess the impact of major tariff shifts. Gross margin expansion of 210 basis points was driven by a strategic shift toward higher-margin businesses within the Brands, Products, and Channels (BPC) framework. Operating loss improved year-over-year due to the optimization of warehouse operations, a decrease in selling and distribution costs, and lower R&D spending. The company is actively executing a 'China Plus One' strategy, securing new manufacturing partnerships in Thailand and other regions to mitigate trade policy risks. Geographic expansion into India is gaining momentum, with recent successful penetration into the Delhi market following initial growth in Mumbai. Full-year 2026 revenue guidance of $134 million to $141 million assumes continued recovery from 2025 trade disruptions. Management anticipates ongoing uncertainty regarding trade and tariffs for the balance of the year, expecting some negated tariffs to return in new forms. Growth projections rely on the rollout of new wholesale bath initiatives in Germany and the expansion of U.S. distribution footprints. The 2026 guidance framework assumes that underlying demand trends remain positive despite macro volatility and geopolitical tensions in the Middle East. Strategic focus remains on high-grading the portfolio to sustain margin improvements even if volume recovery remains gradual. The Supreme Court decision in February and subsequent tariff actions created a fluid environment that pressured sanitaryware and shower system volumes. Net loss figures include non-recurring items such as valuation allowances on deferred tax assets and IPO-related compensation. The company is currently evaluating its U.S. logistics and distribution center footprint to better serve expanding wholesale territories. Total liquidity stood at $8.5 million at year-end, providing the foundation for 2026 organic growth initiatives. Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management expressed comfort with current category momentum despite global trade issues and geopol...

Image source: The Motley Fool. Tuesday, Aug. 12, 2025 at 9:00 a.m. ET Chief Executive Officer — David Bruce Chief Financial Officer — Jae M. Chung David Bruce: Thank you, Jae. Good morning, everyone, and thank you for joining our call today. I am pleased to share our second quarter results reflect the strategic investments we've made in our organic growth initiatives across our brands products and channels or BPC strategy. FGI reported total revenue of $31 million in the quarter, representing a year-over-year increase of 5.5%. Gross profit was $8.7 million, a decrease of 2.9% compared to the prior year. Gross margin was 28.1% compared to 30.5% in the second quarter of 2024, a decline of 240 basis points due primarily to the ongoing tariff environment. FGI was impacted by an industry-wide pause during the quarter as customers evaluated the impact of tariffs on their businesses. FGI and our customers continue to evaluate a China Plus One strategy to diversify and broaden our geographic sourcing. The industry outlook remains uncertain due to tariffs, but our strategic investments in our brands, products and channels have driven revenue growth well above the market. FGIs second quarter revenue increased compared to the second quarter of 2024 due to the growth in our Sanitaryware, Bath Furniture and Covered Bridge cabinetry businesses, while Shower Systems revenue declined. Revenue declined 0.4% in the U.S. and grew 2% and 36.7% in Canada and Europe, respectively. Sanitaryware revenue increased 4.3% year-over-year in the second quarter compared to the prior year period. Our Bath furniture revenue increased 2.7% year-over-year as our shift to market-aligned program pricing and design drove new business wins. The Shower Systems business reported a decrease in revenue of 11.2% even as demand trends remain positive. Other revenue primarily covered bridge, increased 67.7% in the quarter driven by continued order momentum, expanded geographies and higher dealer count. Isla Porter, our digital custom kitchen joint venture continues to establish relationships with the premium design community with on- trend products via an AI-backed digital sales platform. Our geographic expansion in Europe and India holds significant promise of driving growth in coming quarters. Our strategic growth initiatives are progressing well and are expected to fuel above-market organic future gr...

EAST HANOVER, N.J., April 6, 2026 /PRNewswire/ -- FGI Industries Ltd. (Nasdaq: FGI) ("FGI" or the "Company"), a leading global supplier of kitchen and bath products, today announced that it will issue financial results for the fourth quarter and full-year 2025 after the market close on Thursday, April 9, 2026. Management will conduct a conference call on Friday, April 10, 2026, at 9:00 am Eastern Time to discuss the quarterly and full-year results. A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the Company's corporate website at https://investor.fgi-industries.com. To listen to a live broadcast, we recommend going to the site at least 15 minutes prior to the scheduled start time to register and download and install any necessary audio software. To participate in the live teleconference: To listen to a replay of the teleconference, which will be available through April 24, 2026: ABOUT FGI INDUSTRIES FGI Industries Ltd. (Nasdaq: FGI) is a leading global supplier of kitchen and bath products. For over 30 years, we have built an industry-wide reputation for product innovation, quality, and excellent customer service. We are currently focused on the following product categories: sanitaryware (primarily toilets, sinks, pedestals, and toilet seats), bath furniture (vanities, mirrors and cabinets), shower systems, customer kitchen cabinetry and other accessory items. These products are sold primarily for repair and remodel activity and, to a lesser extent, new home or commercial construction. We sell our products through numerous partners, including mass retail centers, wholesale and commercial distributors, online retailers and specialty stores. FORWARD-LOOKING STATEMENTS This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The use of words such as "anticipate," "expect," "could," "may," "intend," "plan", "see" and "believe," among others, generally identify forward-looking statements. These forward-looking statements include, among others, statements regarding FGI's guidance, the Company's growth strategies, outlook and potential acquisition activity, the tariff environment, the macroeconomic instability and its associated impact on the national and global economy and the residential repair and remodel market, the...

EAST HANOVER, N.J., March 24, 2026 /PRNewswire/ -- FGI Industries Ltd. (Nasdaq: FGI) ("FGI" or the "Company"), a leading global supplier of kitchen and bath products, today announced that it has postponed the release of its financial results for the fourth quarter and year ended December 31, 2025, which was previously scheduled for Tuesday March 24, 2026. The Company is also postponing the earnings conference call originally scheduled for Wednesday, March 25, 2026, at 9:00 am Eastern Time. The Company requires additional time to complete its fourth quarter and full year financial reporting processes. The Company will announce a new date and time for the issuance of its earnings release and conference call once the financial reporting process is complete. ABOUT FGI INDUSTRIES FGI Industries Ltd. (Nasdaq: FGI) is a leading global supplier of kitchen and bath products. For over 30 years, we have built an industry-wide reputation for product innovation, quality, and excellent customer service. We are currently focused on the following product categories: sanitaryware (primarily toilets, sinks, pedestals, and toilet seats), bath furniture (vanities, mirrors and cabinets), shower systems, customer kitchen cabinetry and other accessory items. These products are sold primarily for repair and remodel activity and, to a lesser extent, new home or commercial construction. We sell our products through numerous partners, including mass retail centers, wholesale and commercial distributors, online retailers and specialty stores. FORWARD-LOOKING STATEMENTS This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The use of words such as "anticipate," "expect," "could," "may," "intend," "plan", "see" and "believe," among others, generally identify forward-looking statements. These forward-looking statements include, among others, statements regarding FGI's guidance, the Company's growth strategies, outlook and potential acquisition activity, the tariff environment, the macroeconomic instability and its associated impact on the national and global economy and the residential repair and remodel market, the company's planned product launches and new customer partnerships and the effect of supply chain disruptions and freight costs. These forward-looking statements are based on currently available operating, fi...

EAST HANOVER, N.J., March 12, 2026 /PRNewswire/ -- FGI Industries Ltd. (Nasdaq: FGI) ("FGI" or the "Company"), a leading global supplier of kitchen and bath products, today announced that it will issue financial results for the fourth quarter and full-year 2025 after the market close on Tuesday, March 24, 2026. Management will conduct a conference call on Wednesday, March 25, 2026, at 9:00 am Eastern Time to discuss the quarterly and full-year results. A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the Company's corporate website at https://investor.fgi-industries.com. To listen to a live broadcast, we recommend going to the site at least 15 minutes prior to the scheduled start time to register and download and install any necessary audio software. To participate in the live teleconference: To listen to a replay of the teleconference, which will be available through April 8, 2026: ABOUT FGI INDUSTRIES FGI Industries Ltd. (Nasdaq: FGI) is a leading global supplier of kitchen and bath products. For over 30 years, we have built an industry-wide reputation for product innovation, quality, and excellent customer service. We are currently focused on the following product categories: sanitaryware (primarily toilets, sinks, pedestals, and toilet seats), bath furniture (vanities, mirrors and cabinets), shower systems, customer kitchen cabinetry and other accessory items. These products are sold primarily for repair and remodel activity and, to a lesser extent, new home or commercial construction. We sell our products through numerous partners, including mass retail centers, wholesale and commercial distributors, online retailers and specialty stores. FORWARD-LOOKING STATEMENTS This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The use of words such as "anticipate," "expect," "could," "may," "intend," "plan", "see" and "believe," among others, generally identify forward-looking statements. These forward-looking statements include, among others, statements regarding FGI's guidance, the Company's growth strategies, outlook and potential acquisition activity, the tariff environment, the macroeconomic instability and its associated impact on the national and global economy and the residential repair and remodel market,...

EAST HANOVER, N.J., Nov. 14, 2025 /PRNewswire/ -- FGI Industries Ltd. (Nasdaq: FGI) ("FGI" or the "Company"), a leading global supplier of kitchen and bath products, today announced results for the third quarter 2025. THIRD QUARTER 2025 HIGHLIGHTS (As compared to the third quarter of 2024) Total revenue of $35.8 million, -0.7% y/y Gross profit of $9.5 million, +2.0% y/y Gross margin of 26.5%, +70 bps y/y Operating income of $0.4 million and net loss attributable to shareholders of $1,651,000 Adjusted operating income of $0.4 million Adjusted net income of $241,000 MANAGEMENT COMMENTARY Dave Bruce, CEO of FGI, stated, "FGI reported total revenue of $35.8 million in the quarter, representing a year-over-year decrease of 0.7%. Gross profit was $9.5 million, an increase of 2.0% compared to the prior year. The gross margin was 26.5%, an increase of 70 basis points compared to the third quarter of 2024. Customers continued to evaluate the impact of tariffs on their businesses. FGI's pricing actions reflect support from our customers and suppliers. The industry outlook remains uncertain due to tariffs but FGI's strategic investments in our Brands, Products and Channels strategy is bearing fruit and becoming a positive driver of revenue growth. FGI and our customers continue to evaluate a China+1 strategy to diversify and broaden our geographic sourcing. FGI's third quarter revenue decreased 0.7% compared to the prior year period. Revenue increased 1.3% and 7.3% in the U.S. and Europe market, respectively, and declined 8.0% in Canada. Sanitaryware revenue grew 7.0% compared to the prior year period. Bath Furniture, Shower Systems and Other revenue declined 10.8%, 17.8% and 0.7% year-over-year. Covered Bridge further expanded its geographies and increased its dealer count. Isla Porter, our digital custom kitchen joint venture, continues to establish relationships with the premium design community with on-trend products. In India, we added more dealers as we expand our presence there." Bruce continued, "We are excited about our new product introductions and continue to invest in our brands and our future growth initiatives in our core businesses. "The increasing tariff environment in 2025 remains fluid with signs of clarity developing. FGI is working with our suppliers and customers to support one another as we navigate these new dynamics together as we did in 2018. W...

FGI Industries Ltd. (FGI) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of a loss of $0.43 per share. This compares to a loss of $0.05 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +130.23%. A quarter ago, it was expected that this company would post a loss of $0.3 per share when it actually produced a loss of $0.6, delivering a surprise of -100%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. FGI Industries, which belongs to the Zacks Retail - Home Furnishings industry, posted revenues of $35.85 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 0.42%. This compares to year-ago revenues of $36.1 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. FGI Industries shares have added about 29.6% since the beginning of the year versus the S&P 500's gain of 14.6%. While FGI Industries has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for FGI Industries was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's...

Release Date: August 12, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. FGI Industries Ltd (NASDAQ:FGI) reported a 5.5% year-over-year increase in total revenue, reaching $31 million for the quarter. Sanitary ware revenue increased by 4.3% year-over-year, indicating growth in this segment. The company's bath furniture revenue rose by 2.7% year-over-year, driven by market-aligned program pricing and design. Covered bridge cabinetry business saw a significant revenue increase of 67.7%, fueled by order momentum and expanded geographies. FGI's geographic expansion in Europe and India is expected to drive future growth, with promising strategic growth initiatives in place. Gross profit decreased by 2.9% year-over-year, with gross margin declining to 28.1% from 30.5% due to the ongoing tariff environment. Operating expenses increased by 1.3% to $9.5 million, primarily due to investments in growth initiatives and one-time warehouse optimization costs. The company reported a GAAP operating loss of $0.8 million, down from a negative $0.5 million in the prior year. Shower systems revenue declined by 11.2%, despite positive demand trends. The industry outlook remains uncertain due to tariffs, impacting customer decision-making and causing order pauses. Warning! GuruFocus has detected 2 Warning Sign with FGI. Q: Can you elaborate on the impact of tariffs on your business and whether it's due to demand concerns or tariff uncertainty? A: (David Bruce, CEO) The tariff pause was due to uncertainty when large tariffs were initially announced and then reduced. This caused a temporary pause in orders, impacting the quarter. However, our order pipeline is recovering, and we don't expect a similar pause again, although some caution remains due to ongoing tariff discussions. Q: Is the China plus one strategy being applied across all segments, including sanitary ware? A: (David Bruce, CEO) Yes, the strategy impacts all our businesses, including sanitary ware. We are actively diversifying our global sourcing base, and by next year, our global sourcing footprint will look significantly different. Q: Historically, operating expenses were higher in Q2 than Q1. Was this a temporary pullback due to uncertainty, and how should we expect expenses and margins to trend in the second half? A: (David Bruce, CEO) We were diligent in ma...