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FGI Industries Ltd (FGI)
NASDAQ:FGI
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.02Last Year’s EPS
-0.04Same Quarter Last Year
Moderate Buy
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 26, 2025
|% Change Since: 0.00%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook, with strong revenue growth and positive performance in new and existing markets countered by declines in gross profit and margin, increased operating expenses, and concerns about the impact of tariffs.Company Guidance
During the FGI Industries Ltd. Fourth Quarter 2024 Results Conference Call, guidance for the full year 2025 was provided with several key metrics. The company projected revenue to be between $135 million and $145 million. Adjusted operating income was guided to range from negative $2 million to positive $1.5 million, while adjusted net income was expected to be between negative $1.9 million and positive $1 million. These projections account for the potential impacts of tariffs, which remain a fluid situation, as well as the strategic investments in FGI's BPC growth strategy. Despite a relatively flat industry outlook, FGI anticipates organic growth driven by new business wins and geographic expansion. The company's efforts to diversify sourcing and manage tariff pressures were emphasized as part of its strategic initiatives to achieve these financial targets.Revenue Growth
FGI reported total revenue of $35.6 million in the quarter, representing a year-over-year increase of 15%. This growth was driven by significant increases across all businesses and geographies, including a 40.2% year-over-year increase in Bath Furniture revenue and a 68.3% increase in Covered Bridge revenue.
Geographic Expansion and Market Growth
FGI experienced revenue growth in the US, Canada, and Europe markets with increases of 14.7%, 9.9%, and 23.3% respectively. The company also noted promise in geographic expansion in Europe and India as strategic growth initiatives progress.
New Business Wins and Product Demand
FGI's Shower Systems business reported a 17% increase in revenue due to positive demand trends and new customer programs. New business wins contributed significantly to the growth of Bath Furniture.
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FGI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FGI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 26, 2025 | $0.84 | ― | ― |
| Nov 11, 2024 | $0.93 | $0.76 | -18.28% |
| Aug 07, 2024 | $0.89 | $0.92 | +3.37% |
| May 08, 2024 | $1.20 | $1.08 | -10.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does FGI Industries Ltd (FGI) report earnings?
FGI Industries Ltd (FGI) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is FGI Industries Ltd (FGI) earnings time?
FGI Industries Ltd (FGI) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FGI EPS forecast?
FGI EPS forecast for the fiscal quarter 2025 (Q1) is -0.02.
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