FGI Industries .(FGI) - 2024 Q2 - Quarterly Results

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 ...