FGI Industries .(US:FGI)2022-05-17 10:50Company Overview - FGI Industries' revenue exceeded $180 million[3] - In 2021, FGI experienced a 35% revenue growth[3] - Sanitaryware accounted for 61% of the company's business, Bath Furniture 30%, and Other products 9%[5] - Repair/Remodel business makes up approximately 80% of FGI's business, while New Construction accounts for about 20%[5] - The USA accounts for 62% of revenue, Canada 27%, and the EU 11%[5] Financial Performance - Q1 2022 - First quarter revenues increased 20% to $43.6 million[11] - Gross profit increased 2.8% to $7.5 million[14] - Operating income decreased to $0.7 million, down from $1.9 million in the first quarter of the previous year[15] - Diluted EPS was $0.05, down from $0.42 in the same period last year[15] Financial Outlook for 2022 - Revenue is projected to be between $182 million and $189 million[23] - Operating income is expected to be in the range of $6.5 million to $7.5 million[23] - Net income is forecasted to be between $5.0 million and $6.0 million[23]