FGI Industries .(FGI) - 2023 Q4 - Annual Results

Exhibit 99.1 FGI INDUSTRIES ANNOUNCES FOURTH QUARTER AND FULL - YEAR 2023 RESULTS EAST HANOVER, N.J., March 20, 2024 – FGI Industries Ltd. (Nasdaq: FGI) (“FGI” or the “Company”), a leading global supplier of kitchen and bath products, today announced results for the fourth quarter and full-year 2023. FOURTH QUARTER 2023 HIGHLIGHTS (As compared to the prior-year period) ▪ Total revenues of $31.0 million, (2.6%) ▪ Gross profit of $9.0 million, +20.1%; Gross margin of 29.2%, +549 basis points ▪ Net Income of $ ...