FGI Industries Ltd. (FGI)

In Q3 2025, FGI's revenue beat estimates, reporting $35.8 million with an EPS of $0.13. In Q2 2025, revenue increased 5.5% year-over-year to $31 million but missed estimates, with gross profit decreasing by 2.9% due to tariffs. The increasing tariff environment in 2025 has led FGI and its customers to evaluate a "China Plus One" strategy to diversify geographic sourcing.

FGI Industries Ltd. experiences demand seasonality, indicated by a seasonal increase in working capital requirements during the first quarter.

FGI Industries Ltd. is a global supplier of kitchen and bath products, operating in the Consumer Discretionary sector. Its major product categories include sanitaryware, bath furniture, shower systems, and custom kitchen cabinetry, marketed under brands like Foremost and Craft + Main. FGI also supplies products under private label brands such as The Home Depot's "Glacier Bay".

FGI Industries Ltd. serves retail, wholesale, commercial, and specialty channel customers across the United States, Canada, Europe, and internationally. The company specializes in the home improvement and repair & remodel markets and is expanding in markets like India.

FGI Industries Ltd. has a reputation for product innovation, quality, and customer service. The FlushGuard Anti-Overflow Toilet Technology secured placements with distributors and won awards at KBIS. Jetcoat Shower Wall Products were highlighted as a success at KBIS. The Covered Bridge brand added 203 new dealers in 2023. The Isla Porter Digital Custom Kitchen Joint Venture is anticipated for launch in Spring 2024.

FGI Industries Ltd. has 6 institutional owners and shareholders holding 12,593 shares, including Two Sigma Securities, Llc and Tower Research Capital LLC (TRC). Foremost Groups Ltd. holds approximately 72% of the voting power, allowing substantial control over the company.