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FGI Industries Ltd. Ordinary Shares - $FGI STOCK NEWS

Welcome to our dedicated page for FGI Industries Ltd. Ordinary Shares news (Ticker: $FGI), a resource for investors and traders seeking the latest updates and insights on FGI Industries Ltd. Ordinary Shares stock.

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Rhea-AI Summary
FGI Industries reports fourth quarter and full-year 2023 results, highlighting revenue, gross profit, net income, and strategic initiatives. Despite revenue declines, the company saw improved order trends and gross margin performance. FGI remains focused on driving value creation for shareholders through its BPC strategy and expects above-market growth in 2024 with total revenue guidance of $115-128 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.41%
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Rhea-AI Summary
FGI Industries (Nasdaq: FGI) will release its financial results for Q4 and full-year 2023 on March 20, 2024. The management will hold a conference call the next day to discuss the results, offering a webcast for investors to follow. Details for participating in the call and accessing the webcast are provided in the press release.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.84%
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Rhea-AI Summary
FGI Industries, Ltd. (Nasdaq: FGI) introduces Flush Guard™ Anti-Overflow Toilets, featuring a patented drain system to prevent overflows, addressing the fear of 'Overflowbia.' The toilets offer a powerful flush, anti-overflow holes, and self-cleaning features, promising stress reduction and easy maintenance. The product is showcased at KBIS in Las Vegas and will be available through Craft + Main® brand toilets starting April 2024.
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Rhea-AI Sentiment
End-of-Day
0.64%
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Rhea-AI Summary
FGI Industries Ltd. (FGI) to attend Benchmark Company's 12th Annual Discovery One-on-One Investor Conference. Executive management team to participate in one-on-one meetings with investors on December 7, 2023, in New York City.
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Rhea-AI Sentiment
End-of-Day
2.47%
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conferences
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Rhea-AI Summary
FGI Industries Ltd. (Nasdaq: FGI) announced Q3 2023 results with total revenues of $29.9 million, a 22.3% decrease y/y. Gross profit was $7.8 million, a 2.6% decrease y/y, but gross margin improved by 530 bps y/y. Net income was $0.3 million. FGI revised its 2023 guidance due to inventory de-stocking and market dislocation, now expecting revenues of $115-120 million, adjusted operating income of $2.0-2.8 million, and adjusted net income of $1.0-1.5 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.14%
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Rhea-AI Summary
FGI Industries Ltd. will release its financial results for the third quarter of 2023 on November 8th. The company will conduct a conference call on November 9th to discuss the results. A webcast of the call will be available on the company's website. To participate in the live teleconference, dial 1-844-826-3035 (domestic) or 1-412-317-5195 (international). The replay will be available until November 23rd.
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FGI Industries to participate in Northland Capital Markets Institutional Conference on September 19, 2023.
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-0.45%
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conferences
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Rhea-AI Summary
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-5.79%
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Rhea-AI Summary
FGI Industries Ltd. (Nasdaq: FGI) to Release Q2 2023 Financial Results on August 9, 2023. Conference Call Scheduled for August 10, 2023. Webcast and Teleconference Details Provided.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.17%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10%
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FGI Industries Ltd. Ordinary Shares

Nasdaq:FGI

FGI Rankings

FGI Stock Data

10.98M
2.64M
72.57%
10.43%
0.17%
General Rental Centers
Real Estate and Rental and Leasing
Link
United States of America
EAST HANOVER

About FGI

the mission at fgi industries ltd., can be expressed in three fundamental values: innovation, quality, and service. each of these values serves as a guiding principle in our manufacturing process, and how we conduct our day-to-day business. we have achieved consistent sales growth each year by providing well designed, high-quality products, and providing service that exceeds our customers’ expectations. originally established in 1987 as a privately held business in newark, new jersey, fgi industries ltd. began its business as an importer of wood cabinetry and bathroom fixtures for the retail market. over the course of 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. o