---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-038748"
form_type: "8-K"
ticker: "FGI"
cik: "0001864943"
company_name: "FGI Industries Ltd."
filed_at: "2022-03-28T23:59:59+00:00"
generated_at: "2026-06-26T16:39:42.704553+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# FGI Industries Q4 revenue up 47% to $52.2M; operating income down 39.7% to $0.7M

## Summary
- Q4 revenue $52.2M (+47% YoY) driven by Sanitaryware (+56.8%) and Bath Furniture (+20.3%); Other revenue up 71.7%.
- Q4 GAAP net income $1.0M ($0.15 diluted EPS) vs $0.7M in prior year; adjusted net income $0.7M ($0.10 diluted).
- FY2021 revenue $181.9M (+34.9%), operating income $7.7M (+23%), net income $7.9M (+67.1%).
- FY2022 guidance: revenue $182-189M, operating income $6.5-7.5M, net income $5-6M; expects margin expansion in H2 2022.
- Gross margin compressed to 14.5% (down from 20%) due to supply chain disruptions and inflation; pricing actions expected to offset.

## SEC filing metadata
- accession: 0001104659-22-038748
- form_type: 8-K
- ticker: FGI
- cik: 0001864943
- company_name: FGI Industries Ltd.
- filed_at: 2022-03-28T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1864943/000110465922038748/0001104659-22-038748-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1864943/000110465922038748/tm2210606d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-038748
- JSON: https://secwatch.observer/filing/0001104659-22-038748.json
- Plain text: https://secwatch.observer/filing/0001104659-22-038748.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.