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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), 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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