FGI Industries Ltd. engages in the supply of kitchen and bath products. Its products fall under the following categories: Sanitaryware, Bath Furniture, Shower Systems and Other. The Sanitaryware category offers bath products such as toilets, sinks, pedestals and toilet seats. The Bath Furniture category deals with wood and wood-substitute furniture for bathrooms, including vanities, mirrors, laundry and medicine cabinets, and other storage systems. The Shower Systems category includes a range of shower-related products such as shower walls, shower doors and shower basins. The Others category includes shower door and shower systems products, custom kitchen cabinetry, and other accessory items. The company was founded on May 26, 2021 and is headquartered in East Hanover, NJ.
FGI INDUSTRIES ANNOUNCES SECOND QUARTER 2026 RESULTS
FGI Industries reported Q2 revenue of $31.9 million, up 2.9% year-over-year, and swung to a net profit of $1.3 million compared to a net loss of $1.2 million in the prior year.
The profitability turnaround was driven by a 530 basis point expansion in gross margin to 33.4% and a 2.9% reduction in operating expenses, helping to offset softness in Canadian and European markets.
Management reaffirmed its fiscal 2026 guidance, targeting total revenue of $134-$141 million and adjusted operating income of $0.7-$2.5 million.