FGI Q2 2026: Revenue $31.9M (+2.9% YoY), gross margin up 530 bps to 33.4%

FGI Industries Ltd.

Gross profit $10.7M (+22.5% YoY); gross margin 33.4% vs 28.1% prior-year quarter.
Operating income $1.4M; net income attributable to shareholders $1.3M; adjusted net income $1.2M.
US revenue +20.3% YoY; Canada -24.5%, Europe -21.0%; sanitaryware +5.9%, shower systems +15.2%.
Bath Furniture -15.5% and Other -9.2% YoY on tariff-related demand softness; Q2 IEEPA recoveries offset costs.
Ended Q2 with available liquidity of $7.9M; July 301 tariffs permanently replaced temporary Section 122 tariffs.

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