FGI Industries .(FGI) - 2024 Q3 - Quarterly Results

EXHIBIT 99.1 FGI INDUSTRIES ANNOUNCES THIRD QUARTER 2024 RESULTS EAST HANOVER, N.J., November 11, 2024 – 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 ne ...