{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-24-007363","form_type":"8-K","ticker":"FGI","cik":"0001864943","company_name":"FGI Industries Ltd.","filed_at":"2024-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.965601+00:00","generated_at":"2026-06-02T13:28:29.027282+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"FGI Q1 revenue rises 13.2% to $30.8M; net loss $0.4M, guidance reaffirmed","bullets":["Revenue $30.8M (+13.2% YoY); gross margin 27.4% (+90 bps).","Sanitaryware $20.5M (up from $15.4M); Bath Furniture $3.1M (down from $5.0M); Shower Systems $5.8M (up from $5.0M).","GAAP net loss $0.4M ($0.04 diluted EPS); adjusted net loss $0.4M ($0.05 diluted EPS).","Adjusted operating loss $0.2M vs. prior breakeven due to increased growth investment.","FY 2024 guidance reiterated: revenue $115-128M, adj. operating income $2.8-3.8M."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-24-007363","json":"https://secwatch.observer/filing/0001558370-24-007363.json","markdown":"https://secwatch.observer/filing/0001558370-24-007363.md","text":"https://secwatch.observer/filing/0001558370-24-007363.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1864943/000155837024007363/0001558370-24-007363-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1864943/000155837024007363/fgi-20240508x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T13:28:29.027282+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"bc1b36a8616aadbad1a21e5a194295cf27f6c82c","claim":"FGI Industries Ltd. reported first quarter ended March 31, 2024 results: revenue $30.8 million, net income ($0.4) million, or ($0.04) per diluted share, EPS ($0.04) per diluted share. Guidance reaffirmed.","evidence_excerpt":"kitchen and bath products , today announced results for the first quarter 2024. ​ FIRST QUARTER 2024 HIGHLIGHTS (As compared to the first quarter of 2023) ​ ▪ Total revenues of $30.8 million, +13.2% y/y ▪ Gross profit of $8.4 million, +16.8% y/y, Gross margin of 27.4%, +90 bps y/y ▪ Net loss attributable to FGI shareholders of ($0.4) million ▪ Adjusted net loss of","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1864943/000155837024007363/0001558370-24-007363-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Revenue","value":"$30.8 million"},{"label":"Net income","value":"($0.4) million, or ($0.04) per diluted share"},{"label":"EPS","value":"($0.04) per diluted share"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}