FGI Industries reports Q3 net loss $1.7M; revenue flat -0.7% YoY; gross margin +70bps

FGI Industries Ltd.

2025-Q3 EPS reported -$1.83 revenue$100,059,669

Revenue $35.8M, -0.7% YoY; gross margin 26.5%, +70 bps.
GAAP net loss $1.7M ($0.86 per share) vs loss $0.6M ($0.29) YoY.
Adjusted net income $0.2M ($0.13/share) vs adjusted loss $0.1M (-$0.06) YoY.
Sanitaryware revenue +7% YoY; shower systems -17.8%; bath furniture -10.8%.
FY 2025 guidance reiterated: rev $135-145M, adj op income $(2.0)-1.5M. Quarterly calls for Q2 and Q4 only.

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