FGI Industries Ltd (FGI) Q3 2024 Earnings Call Highlights: Strong Revenue Growth Amidst Margin ... [Yahoo! Finance]
FGI Industries Ltd. - Ordinary Shares (FGI)
Company Research
Source: Yahoo! Finance
FGI Industries Ltd ( NASDAQ:FGI ) reported a significant year-over-year revenue increase of 20.6%, reaching $36.1 million for the third quarter. Gross profit reached a record $9.3 million, marking an 18.9% increase compared to the previous year. The company experienced substantial growth across all its markets, with revenue increases of 21% in the US, 9% in Canada, and 39% in Europe. Bath furniture revenue surged by 64% year-over-year, driven by a shift towards lower-priced offerings and alignment with market pricing and design trends. FGI's custom kitchen cabinetry segment, Covered Bridge, saw a remarkable 93% revenue increase, supported by strong dealer and customer expansion in the US. Gross margin declined slightly to 25.8% from 26.2% in the previous year, partly due to higher freight costs and a mix of sanitary ware and bath furniture. Operating expenses increased by 27.6% to $9.4 million, attributed to ongoing investments in growth initiatives, impacting profitabili
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FGI
News
- FGI INDUSTRIES ANNOUNCES THIRD QUARTER 2024 RESULTSPR Newswire
- FGI INDUSTRIES ANNOUNCES THIRD QUARTER 2024 RESULTS CONFERENCE CALL DATEPR Newswire
- Should You Investigate FGI Industries Ltd. (NASDAQ:FGI) At US$0.76? [Yahoo! Finance]Yahoo! Finance
- Is FGI Industries Ltd. (FGI) The Best Rated Penny Stock To Buy According to Analysts? [Yahoo! Finance]Yahoo! Finance
FGI
Earnings
- 11/11/24 - Miss
FGI
Sec Filings
- 11/13/24 - Form 10-Q
- 11/12/24 - Form 8-K
- 11/12/24 - Form 8-K
- FGI's page on the SEC website