Overview
FGI Industries Q3 revenue declines 0.7% y/y, missing analyst expectations
Adjusted EPS for Q3 beats consensus, reflecting strategic growth investments
Gross profit increases 2% y/y, driven by strategic pricing and cost management
Outlook
Company reiterates fiscal 2025 revenue guidance of $135 mln-145 mln
FGI sees strategic investments driving future revenue growth
Company evaluates China+1 strategy to diversify sourcing
Result Drivers
TARIFF IMPACT - Co cites ongoing tariff environment as a factor affecting revenue, with customers evaluating impact on their businesses
PRODUCT CATEGORY PERFORMANCE - Sanitaryware revenue grew 7% y/y, while Bath Furniture and Shower Systems declined 10.8% and 17.8% respectively
GEOGRAPHIC VARIANCE - Revenue increased in the U.S. and Europe by 1.3% and 7.3% respectively, but declined 8% in Canada
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Miss | $35.8 mln | $37.7 mln (2 Analysts) |
Q3 Adjusted EPS | Beat | $0.13 | $0.08 (2 Analysts) |
Q3 Adjusted Net Income | Beat | $200,000 | $168,500 (2 Analysts) |
Q3 Gross Margin | 26.50% | ||
Q3 Adjusted Operating Income | Miss | $400,000 | $550,000 (2 Analysts) |
Q3 Gross Profit | $9.5 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the home improvement products & services retailers peer group is "buy"
Wall Street's median 12-month price target for FGI Industries Ltd is $8.50, about 40.9% above its November 13 closing price of $5.02
Press Release: ID:nPn8tcNdFa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)