FGI Industries Ltd. (FGI)

Over the past six months, FGI Industries Ltd. reported Q1 2025 earnings with revenue growth but a gross margin decrease due to tariffs and freight costs. Q2 2025 earnings showed revenue growth but a gross margin decline, with varied performance across product lines. The stock surged over 139% in September 2025 due to a strong earnings report and new partnerships. Q3 2025 earnings revealed a slight revenue decrease but improved gross profit and margin, with ongoing tariff uncertainties. The stock price increased on November 26, 2025, continuing a three-day rise, and had risen significantly over the past two weeks.

FGI Industries Ltd. experiences a seasonal increase in working capital requirements during the first quarter. Demand is influenced by home improvement cycles and consumer spending trends, with the Bath Furniture segment facing subdued demand. Industry forecasts predict modest declines in home improvement and repair and remodel spending for 2024.

FGI Industries Ltd. is a global supplier of kitchen and bath products, offering a diverse range to retail, wholesale, commercial, and specialty channel customers. Their major product categories include sanitaryware, bath furniture, shower systems, and custom kitchen cabinetry, sold under brand names like Foremost and Craft + Main. The products are primarily used for repair and remodel activities, with some use in new construction.

FGI Industries Ltd. has a strong market presence in the United States, Canada, and Europe, and is expanding into new markets like India, Eastern Europe, Australia, and the UK. The company has office locations in East Hanover, NJ (headquarters), Hobart, IN, Woodland, CA, Mississauga, Ontario (Canada), Tangshan, Hebei (China), and Korschenbroich, North Rhine-Westphalia (Germany).

FGI Industries Ltd. has an industry-wide reputation for product innovation, quality, and excellent customer service, and is considered a trusted partner for many large retailers and wholesalers. There is no information indicating any recent negative impacts on the company's brand reputation.

FGI Industries Ltd. has a mixed ownership structure including institutional, retail, and insider investors. Institutional investors hold between 0.60% and 8.79% of the stock, insiders hold 6.98%, and retail investors hold 88.51%. Major institutional shareholders include Two Sigma Securities, Llc, Tower Research Capital LLC (TRC), Advisor Group Holdings, Inc., UBS Group AG, and Bank Of America Corp /de/. David E. Bruce owns the most shares.