Welcome to our dedicated page for FGI Industries Ltd. news (Ticker: FGI), a resource for investors and traders seeking the latest updates and insights on FGI Industries Ltd. stock.
FGI Industries Ltd. (FGI) provides investors and industry professionals with authoritative coverage of corporate developments in the kitchen and bath sector. This centralized news hub aggregates official press releases, financial disclosures, and strategic updates from the global sanitaryware innovator.
Access timely updates on quarterly earnings, product innovations, and market expansions alongside analysis of FGI's operational milestones. Our curated feed simplifies tracking the company's progress in sanitaryware manufacturing, bath furniture development, and B2B distribution partnerships.
The repository features verified information across key business areas including financial performance, manufacturing advancements, and leadership changes. Users benefit from structured presentation of material events and corporate announcements without speculative commentary.
Bookmark this page for efficient monitoring of FGI's evolving position in global home improvement markets. Return regularly for unfiltered access to primary source documents and essential updates impacting the company's operational trajectory.
FGI Industries announced its first quarter 2024 results, showcasing strong growth in revenues and gross profit. Despite a flat industry outlook, FGI outperformed expectations due to volume growth in new products. Management remains optimistic about future growth initiatives and strategic M&A opportunities. The company reported total revenues of $30.8 million, a 13.2% increase year-over-year, with a gross profit of $8.4 million, up 16.8% year-over-year. Adjusted net loss attributable to FGI shareholders was ($0.4) million, while adjusted operating loss stood at ($0.2) million. FGI ended the quarter with total available liquidity of $17.8 million. The company reiterates its fiscal 2024 guidance with total revenue expected to range between $115 million and $128 million.
FGI Industries (Nasdaq: FGI) will release its first quarter 2024 financial results on May 8, 2024, followed by a conference call on May 9, 2024, to discuss the results. The webcast and presentation materials will be available on the Investor Relations section of the company's website.
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