Streetbeat News

FGI

FGI Industries Ltd.

Industry

Furnishings, Fixtures & Appliances

FGI Industries ltd. supplies kitchen and bath products in the United States, Canada, and Europe. The company sells sanitaryware products, such as toilets, sinks, pedestals, and toilet seats; wood and wood-substitute furniture for bathrooms, including vanities, mirrors, laundry, medicine cabinets, and other storage systems; shower systems; and customer kitchen cabinetry and other accessory items under the Foremost, avenue, contrac, Jetcoat, rosenberg, and Covered Bridge Cabinetry brand names. It sells its products through mass retail centers, wholesale and commercial distributors, online retailers, independent dealers, and distributors. The company was incorporated in 2021 and is headquartered in East Hanover, New Jersey. FGI Industries Ltd. is a subsidiary of Foremost Groups Ltd.

Open

0.94

Mkt cap

9.3M

Volume

14K

High

0.98

P/E Ratio

16.16

52-wk high

1.85

Low

0.92

Div yield

N/A

52-wk low

0.70

FGI Industries (NASDAQ:FGI) reported Q2 2024 earnings of $0.02 per share and sales of $29.4 million, missing the analyst consensus estimate of $30.638 million by 4.04%. Sales increased by 0.72% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 8:52 pm

FGI Industries shares are trading lower following the announcement of mixed Q1 financial results, indicating a disparity between expected and actual financial performance.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 4:46 pm

FGI Industries reported Q1 2024 adjusted EPS of $(0.05), missing the $(0.03) estimate, with sales of $30.754M beating the $27.684M estimate. This represents a 150% decrease in EPS and a 13.22% increase in sales year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:37 pm

FGI Industries reported Q1 EPS of $(0.05), missing the $(0.02) estimate, but sales of $30.75M exceeded the $27.68M forecast, marking a 13.22% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:17 pm

In Monday's intraday session, several industrials stocks experienced significant movements. JVSPAC Acquisition Corp. - Right, Techprecision, AERWINS Technologies, Ducommun, Solidion Technology, and JE Cleantech Hldgs were among the gainers, with increases ranging from 13.04% to 34.6%. On the downside, Vast Renewables, Vertical Aerospace, Energy Vault Holdings, Shengfeng Development, Erayak Power Solution Gr, and FGI Industries saw declines between 8.92% and 17.2%.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 4:31 pm

In Wednesday's pre-market session, several industrials stocks showed notable movements. C3is, Xometry, Safe & Green Holdings, ShiftPixy, New Horizon Aircraft, and Quhuo were among the gainers, with C3is leading at a 19.8% increase. On the downside, View, Emeren Group, Velo3D, FGI Industries, Momentus, and Vast Renewables experienced declines, with View dropping significantly by 53.6%. Quhuo's rise followed its FY earnings release, while Emeren Group's decline came after its Q4 earnings report.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 12:09 pm

In Thursday's pre-market session, several industrials stocks showed notable movements. Gainers included Laser Photonics, Pineapple Energy, FGI Industries, voxeljet, Hyzon Motors, and Babcock & Wilcox, with increases ranging from 6.48% to 15.6%. Losers were Tritium DCFC, Steelcase, Energy Vault Holdings, LiqTech Intl, and New Horizon Aircraft, with declines between 4.93% and 7.0%. Notably, FGI Industries, Steelcase, and LiqTech Intl had recent Q4 earnings reports.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 1:06 pm

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.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 9:28 pm

FGI Industries (NASDAQ:FGI) reported Q4 earnings with an EPS of $0.06, missing estimates by -14%, and a revenue decrease of $833k from the previous year. Despite past earnings misses, the share price increased by 2.0% the day after last quarter's earnings were announced.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 9:25 pm

FGI Industries reported Q4 earnings of $0.06 per share, missing the consensus estimate of $0.07, and a 45.45% decrease from last year. Sales were $30.96M, beating the $30.40M estimate but down 2.62% from the previous year.

Portfolio Pulse from dijoy@benzinga.com

March 20, 2024 | 9:20 pm

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