Company Performance - FGI Industries Ltd. reported a quarterly loss of $0.01 per share, better than the Zacks Consensus Estimate of a loss of $0.03, and compared to earnings of $0.05 per share a year ago, indicating an earnings surprise of 66.67% [1] - The company posted revenues of $36.1 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 17.21%, and up from $29.93 million in the same quarter last year [2] - Over the last four quarters, FGI Industries has exceeded consensus EPS estimates two times and topped consensus revenue estimates twice [2] Stock Performance - FGI Industries shares have declined approximately 40.9% since the beginning of the year, contrasting with the S&P 500's gain of 25.7% [3] - The current consensus EPS estimate for the upcoming quarter is $0.05 on revenues of $31.6 million, while for the current fiscal year, the estimate is -$0.01 on revenues of $122.5 million [7] Industry Outlook - The Retail - Home Furnishings industry, to which FGI Industries belongs, is currently ranked in the bottom 13% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact FGI Industries' stock performance [5]

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/y Gross profit of $9.3 million, +18.9% y/y Gross margin of 25.8%, -40 bps y/y Operating loss of ($0.1) million and net loss attributable to shareholders of ($0.6) million Adjusted op ...

Company Overview - FGI Industries Ltd. is a leading global supplier of kitchen and bath products with over 30 years of industry experience [3] - The company specializes in product categories such as sanitaryware, bath furniture, shower systems, kitchen cabinetry, and accessory items [3] - FGI's products are primarily sold for repair and remodel activities, with a smaller portion for new home or commercial construction [3] Financial Results Announcement - FGI Industries will release its financial results for the third quarter of 2024 after market close on November 11, 2024 [1] - A conference call to discuss the quarterly results is scheduled for November 12, 2024, at 9:00 am Eastern Time [1] Conference Call Details - A webcast of the conference call and presentation materials will be available on the company's Investor Relations website [2] - Participants can join the live teleconference using the provided toll-free and international numbers [2] - A replay of the teleconference will be available until November 26, 2024 [2]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-41207 FGI Industries Ltd. (Exact name of registrant as specified in its charter) Cayman Islands 98-1603252 (S ...

FGI Industries Ltd. (NASDAQ:FGI) Q2 2024 Earnings Conference Call August 8, 2024 9:00 AM ET Company Participants Jae Chung - Vice President, Investor Relations David Bruce - President and Chief Executive Officer Perry Lin - Chief Financial Officer Conference Call Participants Reuben Garner - Benchmark Gregory Gibas - Northland Securities Operator Good morning, ladies and gentlemen, and welcome to the FGI Industries, Inc. Second Quarter 2024 Results Conference Call. [Operator Instructions] This call is being ...

FGI Industries Ltd. (FGI) came out with quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.03 per share. This compares to earnings of $0.02 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -66.67%. A quarter ago, it was expected that this company would post a loss of $0.02 per share when it actually produced a loss of $0.04, delivering a surprise of -100%. Over the last four quarters, the company ...

Exhibit 99.1 FGI INDUSTRIES ANNOUNCES SECOND QUARTER 2024 RESULTS EAST HANOVER, N.J., August 7, 2024 – 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/y ▪ Gross profit of $9.0 million, +11.9% y/y ▪ Gross margin of 30.5%, +310 bps y/y ▪ Operating loss of ($0.5) million and n ...

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/y Gross profit of $9.0 million, +11.9% y/y Gross margin of 30.5%, +310 bps y/y Operating loss of ($0.5) million and net loss of ($0.0) million Adjusted operating loss of ($0.3) mi ...

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. To participate in the live teleconference: To listen to a replay of the teleconfere ...

FGI Industries Ltd. (NASDAQ:FGI) Q1 2024 Earnings Conference Call May 9, 2024 9:00 AM ET Company Participants David Bruce – President and Chief Executive Officer Jae Chung – Vice President Perry Lin – Chief Financial Officer Conference Call Participants Greg Gibas – Northland Securities Operator Good day, and welcome to the FGI Industries, Inc. First Quarter 2024 Results Conference Call. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Jae Chu ...