FGI Industries' Q2 revenue misses estimates

FGI Industries

11/08/2025 21:27

Overview

FGI Q2 revenue rises 5.5% y/y but misses analyst expectations, per LSEG data

Adjusted net loss of $1.2 mln misses analyst estimates, per LSEG data

Gross margin declines 240 bps due to ongoing tariff environment

Outlook

FGI Industries reiterates fiscal 2025 revenue guidance of $135-145 mln

Company expects fiscal 2025 adjusted operating income of $(2.0)-1.5 mln

FGI sees fiscal 2025 adjusted net income of $(1.9)-1.0 mln

Result Drivers

TARIFF IMPACT - Gross margin declined due to ongoing tariffs and higher freight costs

PRODUCT MIX - Revenue growth driven by Sanitaryware, Bath Furniture, and Covered Bridge cabinetry, while Shower Systems declined

GEOGRAPHIC DIVERSIFICATION - FGI exploring China+1 strategy to diversify sourcing and mitigate tariff impacts

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$31 mln
$32.70 mln (2 Analysts)
Q2 Adjusted EPS
Miss
-$0.61
-$0.03 (2 Analysts)
Q2 Adjusted Net Income
Miss
-$1.20 mln
$11,000 (2 Analysts)
Q2 Gross Margin
28.1%
Q2 Gross Profit
$8.70 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the home improvement products & services retailers peer group is "buy"

Wall Street's median 12-month price target for FGI Industries Ltd is $8.75, about 55.5% above its August 8 closing price of $3.89

Press Release: ID:nPnBwtFWa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)