FGI Industries Reports Q1 2025 Revenue Up 8%, Adjusted Net Loss of $1.1 Million, EPS at -$0.11

Reuters
05-14
FGI Industries Reports Q1 2025 Revenue Up 8%, Adjusted Net Loss of $1.1 Million, EPS at -$0.11

FGI Industries Ltd. reported its first quarter 2025 financial results, showing a total revenue increase to $33.2 million, an 8.0% rise from the same period in 2024. The company experienced a gross profit of $8.9 million, marking a 5.8% increase year-over-year. Despite these gains, FGI recorded an operating loss of $1.3 million and a net loss attributable to shareholders of $0.6 million. The adjusted net loss was reported at $1.1 million. The gross margin declined by 60 basis points to 26.8%, influenced partly by tariffs related to China and increased freight costs. The revenue growth was driven by significant increases in the Bath Furniture and Covered Bridge cabinetry businesses, which saw a year-over-year revenue increase of 32.7% and 135.7%, respectively. In regional terms, revenue grew by 8.0% in the U.S. and 3.8% in Canada, while it declined by 2.8% in Europe. The Sanitaryware and Shower Systems segments saw a decrease in revenue by 1.7% and 1.3%, respectively. FGI continues to prioritize internal investment, with operating expenses rising 16.6% year-over-year to $10.2 million, reflecting the company's focus on its BPC growth strategy, warehouse optimization, and investment in its India business. FGI ended the quarter with $1.2 million in cash and cash equivalents and total debt of $13.2 million, with a total available liquidity of $14.3 million. The company has announced that it will only hold quarterly earnings calls for the second and fourth quarters, with ongoing results communicated through press releases and SEC filings.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. FGI Industries Ltd. published the original content used to generate this news brief via PR Newswire (Ref. ID: NY87109) on May 13, 2025, and is solely responsible for the information contained therein.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10