earnings
confidence high
sentiment negative
materiality 0.70
FGI Q1 revenue up 8% to $33.2M but swings to operating loss of $1.3M; guides FY25 revenue $135-145M
FGI Industries Ltd.
2025-Q1 EPS reported
-$0.07
revenue$33,212,548
- Revenue $33.2M (+8% YoY); gross margin 26.8% (-60bps); operating loss $1.3M (vs $0.3M income).
- Net loss attributable to shareholders $0.6M ($0.07/diluted share) vs net income $0.4M ($0.04/share).
- Adjusted net loss $1.1M ($0.11/diluted share) vs adjusted net income $0.2M ($0.02/share).
- Bath Furniture +32.7%, Other/Kitchen Cabinets +135.7% (Covered Bridge); Sanitaryware -1.7%, Shower Systems -1.3%.
- FY2025 guidance: revenue $135-145M, adj op income $(2.0)-1.5M, adj net income $(1.9)-1.0M.