FGI INDUSTRIES ANNOUNCES FOURTH QUARTER AND FULL - YEAR 2023 RESULTS

EAST HANOVER, N.J., March 20, 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 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 $0.5 million Adjusted net income of $0.5 million* Adjusted operating income ...