FGI News & Events

FGI Industries "announced that it has postponed the release of its financial results for the fourth quarter and year ended December 31, 2025, which was previously scheduled for Tuesday March 24, 2026. The Company is also postponing the earnings conference call originally scheduled for Wednesday, March 25, 2026, at 9:00 am Eastern Time. The Company requires additional time to complete its fourth quarter and full year financial reporting processes. The Company will announce a new date and time for the issuance of its earnings release and conference call once the financial reporting process is complete."

Still sees 2025 adjusted operating income ($2.0M)-$1.5M and adjusted net income of ($1.9M)-$1.0M.

Reports Q2 revenue $31.0M vs. $29.37M last year. Dave Bruce, CEOstated, "FGI reported total revenue of $31.0M in the quarter, representing a year-over-year increase of 5.5%. Gross profit was $8.7M, a decrease of 2.9% compared to the prior year. The gross margin was 28.1%, a decline of 240 basis points compared to the second quarter of 2024 due primarily to the ongoing tariff environment. FGI was impacted by an industry-wide pause during the quarter as customers evaluated the impact of tariffs on their businesses. The industry outlook remains uncertain due to tariffs but FGI's strategic investments in our brands, products and channels strategy is bearing fruit and driving revenue growth well above the overall market. FGI and our customers continue to evaluate a China+1 strategy to diversify and broaden our geographic sourcing. The increasing tariff environment in 2025 remains fluid. FGI is working with our suppliers and customers to support one another as we navigate these new dynamics together as we did in 2018. We are confident that we can navigate through what comes given the close relationships we have cultivated over the years with our vendors and customers. The order pipeline is recovering even as some customers remain cautious due to tariff environment."