FGI News & Events

Reports that President Trump may be advocating for direct talks between Lebanon and Israeli negotiators to help preserve the Iranian ceasefire reversed the initial cautious sentiment in the markets on Thursday and helped the S&P 500 to notch its seventh consecutive gain.  Consumer Cyclicals and Industrials sectors were the top performers on the session as Energy lagged once again, with WTI Crude Oil pricing heading back below $100 per barrel after briefly rising toward $103.  The benchmark is now just over a percentage point away from the levels seen just prior to the strikes on Tehran in late February.  Likewise, the Vix volatility gauge has moved back below the key 20-level, though the rally in Treasuries has stalled in the wake of this morning's PCE inflation report and ahead of Friday's CPI data.In addition to macro data developments, investors are hopeful that the geopolitical uncertainty will continue to clear as talks between Iranian and U.S. negotiators begin on Friday.  Headlines from Thursday evening, however, suggest that there still may be some cause for concern - in a post on Truth Social, President Trump remarked that Iran is doing a "very poor job" on allowing oil through Hormuz.  In the opening hour, S&P e-minis are down by a decimal below $68.60, with WTI prices also bouncing back toward the $100 mark.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Simulations Plusup 12.5%ALSO HIGHER -Cars.comup 2.2% after cutting headcount by 11%, affirming guidanceRapport Therapeuticsup 2.0% after being started at Strong Buy at Raymond JamesDOWN AFTER EARNINGS -Beam Globaldown 11.1%FGI Industries (down 9.2%WD-40 Companydown 0.5%

FGI Industries sees FY26 revenue $134M-$141M from $130.5M in FY25

Reports Q4 revenue $30.5M vs. $35.6M last year. CEO Dave Bruce stated, "FGI reported total revenue of $30.5M in the quarter, representing a year-over-year decrease of 14.4%. Gross profit was $8.1M, a decrease of 6.8% compared to the prior year. The gross margin was 26.7%, an increase of 210 basis points compared to 4Q24 driven by the better relative performance of some of our higher margin businesses. Customers continued to evaluate the impact of tariffs on their businesses amid the Supreme Court decision in February and subsequent response by the administration..We are excited about our new product introductions and continue to invest in our brands and our future growth initiatives in our core businesses. The tariff environment in 2026 remains fluid. FGI navigated through the volatility of the tariffs in 2025 with full year revenue and gross profit each down less than 1% compared to the prior year. Despite the cautious order environment by our customers in Q4, we are seeing a pickup in activity as we begin 2026." CFO Jae Chung commented, "FGI ended Q4 with total available liquidity of $8.5M. We believe the best use of our capital is for internal investment in order to attract new customers, expand existing relationships, develop new products and manufacturing capabilities and expand into new jurisdictions, and this will remain our priority in the near term."

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."