Business
FGI INDUSTRIES ANNOUNCES FOURTH QUARTER AND FULL-YEAR 2024 RESULTS
FGI Industries Ltd. (Nasdaq: FGI) ("FGI" or the "Company"), a leading global supplier of kitchen and bath products, today announced results for the fourth quarter and full-year 2024.
About this update from Fgi Industries Ltd.
[{"type":"text","content":"EAST HANOVER, N.J., March 26, 2025 /PRNewswire/ -- FGI Industries Ltd. (Nasdaq: FGI) ("FGI" or the "Company"), a leading global supplier of kitchen and bath products, today announced results for the fourth quarter and full-year 2024.","length":253,"tagName":"p"},{"type":"image","alt":"FGI Industries, Ltd. (PRNewsfoto/FGI Industries Ltd.)","displaySize":"","headline":null,"caption":"FGI Industries, Ltd. (PRNewsfoto/FGI Industries Ltd.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":400,"url":"https://media.zenfs.com/en/prnewswire.com/522ac54c4c1e452eb4d04fc65e7fccc4"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/imAkCe8YzeWAEyNZpKny8w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTcwNTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/522ac54c4c1e452eb4d04fc65e7fccc4","width":400,"height":400}},"href":"https://mma.prnewswire.com/media/1774923/FGI_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"FOURTH QUARTER 2024 HIGHLIGHTS(As compared to the fourth quarter of 2023)","length":74,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Total revenue of $35.6 million, +15.0% y/y","length":42,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross profit of $8.7 million, -3.2% y/y","length":39,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross margin of 24.6%, -460 bps y/y","length":35,"tagName":"p"}]},{"val":[{"type":"text","content":"Operating loss of $1.3 million and net loss attributable to shareholders of $0.4 million","length":88,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted operating loss of $1.1 million","length":39,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted net loss of $0.7 million","length":33,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":276,"olType":false},{"type":"text","content":"FULL-YEAR 2024 HIGHLIGHTS(As compared to full-year 2023)","length":57,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Total revenue of $131.8 million, +12.4% y/y","length":43,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross profit of $35.4 million, +10.4% y/y","length":41,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross margin of 26.9%, -50 bps y/y","length":34,"tagName":"p"}]},{"val":[{"type":"text","content":"Operating loss of $2.1 million and net los...