FGI INDUSTRIES ANNOUNCES SECOND QUARTER 2024 RESULTS

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 ...