Earnings ·
FGI Industries Ltd. reported second quarter 2026 financial results for the period ended June 30, 2026
FGIWWFGI Industries Ltd.
FGI Industries Ltd. reported second quarter 2026 financial results for the period ended June 30, 2026. Total revenue increased 2.9% year-over-year to $31.9 million, driven by a 20.3% rise in U.S. sales despite declines in Canada and Europe. Gross profit grew 22.5% to $10.7 million, expanding gross margin to 33.4%. The company reported operating income of $1.4 million and net income attributable to shareholders of $1.3 million, or $0.65 per diluted share, compared to a net loss in the prior year period. FGI reaffirmed its full-year fiscal 2026 revenue guidance of $134-141 million and adjusted operating income guidance of $0.7-2.5 million. The company operates as a global supplier of kitchen and bath products.