---
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"
generated_at: "2026-06-02T13:28:29.027282+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# FGI Q1 revenue rises 13.2% to $30.8M; net loss $0.4M, guidance reaffirmed

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-007363
- JSON: https://secwatch.observer/filing/0001558370-24-007363.json
- Plain text: https://secwatch.observer/filing/0001558370-24-007363.txt

## Key facts
- Earnings Releases
  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.
  - Period: first quarter ended March 31, 2024
  - Revenue: $30.8 million
  - Net income: ($0.4) million, or ($0.04) per diluted share
  - EPS: ($0.04) per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1864943/000155837024007363/0001558370-24-007363-index.htm

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