FGI Industries ltd. supplies kitchen and bath products in the United States, Canada, and Europe. The company sells sanitaryware products, such as toilets, sinks, pedestals, and toilet seats; wood and wood-substitute furniture for bathrooms, including vanities, mirrors, laundry, medicine cabinets, and other storage systems; shower systems; and customer kitchen cabinetry and other accessory items under the Foremost, avenue, contrac, Jetcoat, rosenberg, and Covered Bridge Cabinetry brand names. It sells its products through mass retail centers, wholesale and commercial distributors, online retailers, independent dealers, and distributors. The company was incorporated in 2021 and is headquartered in East Hanover, New Jersey. FGI Industries Ltd. is a subsidiary of Foremost Groups Ltd.
IPO Year: 2022
Exchange: NASDAQ
Website: https://www.fgi-industries.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/23/2022 | $7.00 | Outperform | Northland Capital Markets |
| 2/3/2022 | $8.50 | Speculative Buy | Benchmark |
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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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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.
FGI Industries (NASDAQ:FGI) reported its Q4 earnings results on Wednesday, March 20, 2024 at 05:13 PM. Here's what investors need to know about the announcement. Earnings FGI Industries missed estimated earnings by -14.000000000000002%, reporting an EPS of $0.06 versus an estimate of $0.07. Revenue was down $833 thousand from the same period last year. Past Earnings Performance Last quarter the company missed on EPS by $0.08 which was followed by a 2.0% increase in the share price the next day. Here's a look at FGI Industries's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 0.13 -0.05 0.04 0.12 EPS Actual 0.05 0.01 -0.02 0.11 Revenue Estimate 31.64M 30.23M
FGI Industries (NASDAQ:FGI) reported quarterly earnings of $0.06 per share which missed the analyst consensus estimate of $0.07 by 14.29 percent. This is a 45.45 percent decrease over earnings of $0.11 per share from the same period last year. The company reported quarterly sales of $30.96 million which beat the analyst consensus estimate of $30.40 million by 1.83 percent. This is a 2.62 percent decrease over sales of $31.79 million the same period last year.
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., July 26, 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 second quarter 2024 after the market close on Wednesday, August 7, 2024. Management will conduct a conference call on Thursday, August 8, 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 web
EAST HANOVER, N.J., May 8, 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 first quarter 2024. FIRST QUARTER 2024 HIGHLIGHTS(As compared to the first quarter of 2023) Total revenues of $30.8 million, +13.2% y/yGross profit of $8.4 million, +16.8% y/y, Gross margin of 27.4%, +90 bps y/yNet loss of ($0.4) millionAdjusted net loss attributable to FGI shareholders of ($0.4) millionAdjusted operating loss of ($0.2) millionMANAGEMENT COMMENTARY Dave Bruce, Presiden
EAST HANOVER, N.J., May 3, 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 first quarter 2024 after the market close on Wednesday, May 8, 2024. Management will conduct a conference call on Thursday, May 9, 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 website at h
EAST HANOVER, N.J., March 20, 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 fourth quarter and full-year 2023. FOURTH QUARTER 2023 HIGHLIGHTS(As compared to the prior-year period) Total revenues of $31.0 million, (2.6%)Gross profit of $9.0 million, +20.1%; Gross margin of 29.2%, +549 basis pointsNet Income of $0.5 millionAdjusted net income of $0.5 million*Adjusted operating income of $1.4 million*FULL-YEAR 2023 HIGHLIGHTS(As compared to the prior-year peri
EAST HANOVER, N.J., March 18, 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 fourth quarter and full-year 2023 after the market close on Wednesday, March 20, 2024. Management will conduct a conference call on Thursday, March 21, 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 Compan
The Flush Guard™ Patented Anti-Overflow Drain System Is the Cure for "Overflowbia" FGI Industries, Ltd. (NASDAQ:FGI), a leading global supplier of kitchen and bath products, today announced the launch of Flush Guard™ at the Kitchen & Bath Industry Show (KBIS) in Las Vegas, NV. Leveraging an incredibly effective, patented anti-overflow drain system, Flush Guard™ Anti-Overflow Toilets effectively remove the fear of overflow, a feeling known as "Overflowbia." This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240227039128/en/FGI) launches Flush Guard™ Anti-Overflow Toilets, with a patented drain system designed to prevent overflows.
EAST HANOVER, N.J., Nov. 28, 2023 /PRNewswire/ -- FGI Industries Ltd. (NASDAQ:FGI) ("FGI" or the "Company"), a leading global supplier of kitchen and bath products, today announced that members of its executive management team will attend the Benchmark Company's 12th Annual Discovery One-on-One Investor Conference to be held Thursday, December 7, 2023, at the New York Athletic Club in New York City. In conjunction with the event, FGI executives will be available to participate in one-on-one meetings with investors registered to attend the conference. For more information, plea
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
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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., July 26, 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 second quarter 2024 after the market close on Wednesday, August 7, 2024. Management will conduct a conference call on Thursday, August 8, 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 web
EAST HANOVER, N.J., May 8, 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 first quarter 2024. FIRST QUARTER 2024 HIGHLIGHTS(As compared to the first quarter of 2023) Total revenues of $30.8 million, +13.2% y/yGross profit of $8.4 million, +16.8% y/y, Gross margin of 27.4%, +90 bps y/yNet loss of ($0.4) millionAdjusted net loss attributable to FGI shareholders of ($0.4) millionAdjusted operating loss of ($0.2) millionMANAGEMENT COMMENTARY Dave Bruce, Presiden
EAST HANOVER, N.J., May 3, 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 first quarter 2024 after the market close on Wednesday, May 8, 2024. Management will conduct a conference call on Thursday, May 9, 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 website at h
EAST HANOVER, N.J., March 20, 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 fourth quarter and full-year 2023. FOURTH QUARTER 2023 HIGHLIGHTS(As compared to the prior-year period) Total revenues of $31.0 million, (2.6%)Gross profit of $9.0 million, +20.1%; Gross margin of 29.2%, +549 basis pointsNet Income of $0.5 millionAdjusted net income of $0.5 million*Adjusted operating income of $1.4 million*FULL-YEAR 2023 HIGHLIGHTS(As compared to the prior-year peri
EAST HANOVER, N.J., March 18, 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 fourth quarter and full-year 2023 after the market close on Wednesday, March 20, 2024. Management will conduct a conference call on Thursday, March 21, 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 Compan
EAST HANOVER, N.J., Aug. 9, 2023 /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 2023. SECOND QUARTER 2023 HIGHLIGHTS(As compared to the second quarter of 2022) Total revenues of $29.2 million, (38.9%) y/yGross profit of $8.0 million, (4.9%) y/y, Gross margin of 27.4%, +980 bps y/yNet Income of $0.1 millionAdjusted net income of $0.1 million*Adjusted operating income of $0.6 million** Adjusted net income and Adjusted operating income constitute non-
EAST HANOVER, N.J., Aug. 1, 2023 /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 second quarter 2023 after the market close on Wednesday, August 9, 2023. Management will conduct a conference call on Thursday, August 10, 2023, at 8:00 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 web