The company forecasting Full Year 2024 adjusted operating income of $2.8 million to $3.8 million and adjusted net income of $1.2 million to $2.0 million. FGI will continue to prioritize capital deployment in support of organic growth opportunities, while continuing to evaluate strategic M&A opportunities.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/23/2022 | $7.00 | Outperform | Northland Capital Markets |
| 2/3/2022 | $8.50 | Speculative Buy | Benchmark |
EAST HANOVER, N.J., Nov. 11, 2024 /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 2024. THIRD QUARTER 2024 HIGHLIGHTS(As compared to the third quarter of 2023) Total revenue of $36.1 million, +20.6% y/yGross profit of $9.3 million, +18.9% y/yGross margin of 25.8%, -40 bps y/yOperating loss of ($0.1) million and net loss attributable to shareholders of ($0.6) millionAdjusted operating income of $0.1 millionAdjusted net loss attributable to shareholder
EAST HANOVER, N.J., Oct. 30, 2024 /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 third quarter 2024 after the market close on Monday, November 11, 2024. Management will conduct a conference call on Tuesday, November 12, 2024, at 9:00 am Eastern Time to discuss the quarterly results. A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the Company's corporate we
EAST HANOVER, N.J., Aug. 7, 2024 /PRNewswire/ -- FGI Industries Ltd. (NASDAQ:FGI) ("FGI" or the "Company"), a leading global supplier of kitchen and bath products, today announced results for the second quarter 2024. SECOND QUARTER 2024 HIGHLIGHTS(As compared to the second quarter of 2023) Total revenue of $29.4 million, +0.6% y/yGross profit of $9.0 million, +11.9% y/yGross margin of 30.5%, +310 bps y/yOperating loss of ($0.5) million and net loss of ($0.0) millionAdjusted operating loss of ($0.3) millionAdjusted net income of $0.1 millionMANAGEMENT COMMENTARY Dave Bruce, Pre
EAST HANOVER, N.J., Nov. 11, 2024 /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 2024. THIRD QUARTER 2024 HIGHLIGHTS(As compared to the third quarter of 2023) Total revenue of $36.1 million, +20.6% y/yGross profit of $9.3 million, +18.9% y/yGross margin of 25.8%, -40 bps y/yOperating loss of ($0.1) million and net loss attributable to shareholders of ($0.6) millionAdjusted operating income of $0.1 millionAdjusted net loss attributable to shareholder
EAST HANOVER, N.J., Oct. 30, 2024 /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 third quarter 2024 after the market close on Monday, November 11, 2024. Management will conduct a conference call on Tuesday, November 12, 2024, at 9:00 am Eastern Time to discuss the quarterly results. A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the Company's corporate we
EAST HANOVER, N.J., Aug. 7, 2024 /PRNewswire/ -- FGI Industries Ltd. (NASDAQ:FGI) ("FGI" or the "Company"), a leading global supplier of kitchen and bath products, today announced results for the second quarter 2024. SECOND QUARTER 2024 HIGHLIGHTS(As compared to the second quarter of 2023) Total revenue of $29.4 million, +0.6% y/yGross profit of $9.0 million, +11.9% y/yGross margin of 30.5%, +310 bps y/yOperating loss of ($0.5) million and net loss of ($0.0) millionAdjusted operating loss of ($0.3) millionAdjusted net income of $0.1 millionMANAGEMENT COMMENTARY Dave Bruce, Pre
FGI Industries (NASDAQ:FGI) reported quarterly losses of $(0.05) per share which missed the analyst consensus estimate of $(0.03) by 66.67 percent. This is a 150 percent decrease over losses of $(0.02) per share from the same period last year. The company reported quarterly sales of $30.754 million which beat the analyst consensus estimate of $27.684 million by 11.09 percent. This is a 13.22 percent increase over sales of $27.162 million the same period last year.
FGI Industries (NASDAQ:FGI) reported quarterly losses of $(0.05) per share which missed the analyst consensus estimate of $(0.02) by 150 percent. This is a 150 percent decrease over losses of $(0.02) per share from the same period last year. The company reported quarterly sales of $30.75 million which beat the analyst consensus estimate of $27.68 million by 11.10 percent. This is a 13.22 percent increase over sales of $27.16 million the same period last year.
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Northland Capital Markets initiated coverage of FGI Industries with a rating of Outperform and set a new price target of $7.00
Benchmark initiated coverage of FGI Industries with a rating of Speculative Buy and set a new price target of $8.50
10-Q - FGI Industries Ltd. (0001864943) (Filer)
8-K - FGI Industries Ltd. (0001864943) (Filer)
8-K - FGI Industries Ltd. (0001864943) (Filer)