FGI
FGI Industries Ltd.6.12
+0.74+13.8%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
11.75MP/E (TTM)
-Basic EPS (TTM)
-2.06Dividend Yield
0%Recent Filings
8-K
FGI Q3 revenue dips, margins rise
FGI Industries posted Q3 revenue of $35.8 million, down 0.7% y/y amid tariff pressures, yet gross profit climbed 2.0% to $9.5 million with margins up 70 bps to 26.5%. Operating income hit $0.4 million, swinging from last year's loss; adjusted net income was $0.2 million. Tariffs cloud the outlook. Liquidity stands at $14.2 million. FY25 guidance holds: $135-145 million revenue.
10-Q
Q3 FY2025 results
FGI Industries swung to Q3 operating income of $0.4M from a $0.1M loss y/y, while revenue dipped 0.7% to $35.8M; YTD revenue climbed 4.0% to $100.1M yet operating loss widened to $1.7M from $0.8M as expenses rose. Gross margins held steady near 27%, with sanitaryware up 7.0% y/y offsetting shower system declines; Canada revenue fell 8.0% y/y. Cash fell to $1.9M amid $1.7M operating outflow, short-term debt at $14.1M with covenant breach on East West facility (waiver pending). Lease terminated to cut costs. Tariffs pressure margins.
10-Q
Q2 FY2025 results
FGI Industries posted Q2 revenue of $31.0M, up 5.5% y/y yet flat q/q, with sanitaryware and others (kitchen cabinetry) driving gains while showers dipped; gross margin slipped to 28.1% from 30.5% on tariff pressures. Operating loss widened to $(0.8)M from $(0.5)M as G&A rose, yielding $(0.64) diluted EPS versus $0.08—anti-dilution excluded options. Cash fell to $2.5M with $0.2M operating cash flow less $0.6M capex (FCF not disclosed in the 10-Q); short-term debt of $12.6M breached East West covenants, waiver pending. Leased out idle warehouse. Tariffs threaten margins further.
8-K
Q2 revenue up 5.5%, margins slip
FGI Industries posted Q2 revenue of $31.0 million, up 5.5% year-over-year, fueled by 67.7% growth in Covered Bridge cabinets yet dragged by an 11.2% drop in Shower Systems. Gross margin slipped to 28.1%, down 240 bps from tariffs and freight costs, yielding an operating loss of $0.8 million. Tariffs cloud the outlook. Liquidity stands at $16.4 million. Reiterates FY25 revenue guidance of $135-145 million.
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