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FGI Industries Ltd. (FGI) provides investors and industry professionals with authoritative coverage of corporate developments in the kitchen and bath sector. This centralized news hub aggregates official press releases, financial disclosures, and strategic updates from the global sanitaryware innovator.
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FGI Industries (Nasdaq: FGI) reported Q4 2024 results with total revenue of $35.6 million, up 15.0% year-over-year, while experiencing a gross profit decline of 3.2% to $8.7 million. The company posted an operating loss of $1.3 million and net loss of $0.4 million.
Key Q4 performance highlights include:
- Revenue growth across all geographies: US (+14.7%), Canada (+9.9%), and Europe (+23.3%)
- Segment performance: Sanitaryware (+5.8%), Bath Furniture (+40.2%), Shower Systems (+17.0%), Other segment (+68.3%)
- Gross margin declined 460 bps to 24.6% due to customer marketing support and promotional expenses
For full-year 2024, revenue increased 12.4% to $131.8 million, with gross profit up 10.4% to $35.4 million. The company provided FY2025 guidance with expected revenue of $135-145 million and adjusted operating income range of $(2.0)-1.5 million.
FGI Industries (Nasdaq: FGI), a leading global supplier of kitchen and bath products, has scheduled its fourth quarter and full-year 2024 financial results announcement for March 26, 2025 after market close.
The company will host a conference call with management on Thursday, March 27, 2025, at 9:00 am Eastern Time to discuss the quarterly results. A webcast and presentation materials will be accessible through the Investor Relations section of FGI's website at investor.fgi-industries.com. The teleconference replay will be available through April 10, 2025.
FGI Industries (Nasdaq: FGI), a leading global supplier of kitchen and bath products, has announced its participation in the Benchmark Company's 13th Annual Discovery One-on-One Investor Conference. The event will take place on Wednesday, December 11th, 2024, at the New York Athletic Club in New York City.
The company's executive management team will be available for one-on-one meetings with registered investors during the conference. Interested investors are advised to contact their Benchmark salesperson for additional information about meeting opportunities.
FGI Industries reported Q3 2024 results with total revenue of $36.1 million, up 20.6% year-over-year. Gross profit reached $9.3 million, increasing 18.9%, while gross margin declined 40 basis points to 25.8%. The company reported an operating loss of ($0.1) million and net loss of ($0.6) million. Revenue growth was strong across all geographies: US (+21%), Canada (+9%), and Europe (+39%). FGI revised its FY2024 guidance, increasing revenue expectations to $127-131 million but lowering adjusted operating income to ($1.0) to $0.0 million and adjusted net income to ($1.0) to $0.0 million.
FGI Industries (Nasdaq: FGI), a leading global supplier of kitchen and bath products, has scheduled its third quarter 2024 financial results announcement for Monday, November 11, 2024, after market close. The company will host a conference call on Tuesday, November 12, 2024, at 9:00 am Eastern Time to discuss the results. A webcast and presentation materials will be available on the company's investor relations website. Interested parties can participate via telephone using toll-free and international numbers, with a replay available through November 26, 2024.
FGI Industries (Nasdaq: FGI) reported its Q2 2024 results with total revenue of $29.4 million, up 0.6% year-over-year. Gross profit increased 11.9% to $9.0 million, with gross margin improving by 310 basis points to 30.5%. The company reported an operating loss of ($0.5) million and a net loss of ($0.0) million. Adjusted net income was $0.1 million or $0.01 per diluted share.
Shower Systems revenue grew 37% year-over-year, while Sanitaryware and Bath Furniture declined 8% and 16% respectively. The company ended Q2 with total available liquidity of $17.4 million. FGI reiterated its fiscal 2024 guidance, projecting total revenue between $115 million and $128 million, and adjusted net income between $1.2 million to $2.0 million.
FGI Industries (Nasdaq: FGI), a leading global supplier of kitchen and bath products, has announced the date for its second quarter 2024 results conference call. The company will release its financial results after the market close on Wednesday, August 7, 2024. A conference call to discuss the quarterly results will be held on Thursday, August 8, 2024, at 9:00 am Eastern Time.
Investors can access the webcast and presentation materials through the company's Investor Relations website. To participate in the live teleconference, toll-free and international numbers are provided. A replay of the call will be available until August 22, 2024.
FGI Industries announced its first quarter 2024 results, showcasing strong growth in revenues and gross profit. Despite a flat industry outlook, FGI outperformed expectations due to volume growth in new products. Management remains optimistic about future growth initiatives and strategic M&A opportunities. The company reported total revenues of $30.8 million, a 13.2% increase year-over-year, with a gross profit of $8.4 million, up 16.8% year-over-year. Adjusted net loss attributable to FGI shareholders was ($0.4) million, while adjusted operating loss stood at ($0.2) million. FGI ended the quarter with total available liquidity of $17.8 million. The company reiterates its fiscal 2024 guidance with total revenue expected to range between $115 million and $128 million.
FGI Industries (Nasdaq: FGI) will release its first quarter 2024 financial results on May 8, 2024, followed by a conference call on May 9, 2024, to discuss the results. The webcast and presentation materials will be available on the Investor Relations section of the company's website.
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