FGI Industries Sees Full Year 2024 Revenues Of $115M-$128M, Est $115.407M
Portfolio Pulse from Benzinga Newsdesk
FGI Industries forecasts Full Year 2024 revenues to be between $115M-$128M, slightly above the estimated $115.407M. The company also projects an adjusted operating income of $2.8M-$3.8M and an adjusted net income of $1.2M-$2.0M. FGI emphasizes its focus on organic growth and strategic M&A opportunities.
March 20, 2024 | 9:28 pm
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FGI Industries forecasts higher-than-expected revenues for FY2024, with a focus on organic growth and exploring M&A opportunities.
The forecasted revenue range surpassing the estimated figure suggests a positive outlook for FGI Industries, likely leading to a positive short-term impact on its stock price. The emphasis on organic growth and M&A opportunities indicates a strategic approach to expansion, further bolstering investor confidence.
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