Kitchen and Bath products supplier FGI Industries Q3 revenue misses estimates on tariff impact

FGI Industries

14/11/2025 21:25

Overview

FGI Industries Q3 revenue declines 0.7% y/y, missing analyst expectations

Adjusted EPS for Q3 beats consensus, reflecting strategic growth investments

Gross profit increases 2% y/y, driven by strategic pricing and cost management

Outlook

Company reiterates fiscal 2025 revenue guidance of $135 mln-145 mln

FGI sees strategic investments driving future revenue growth

Company evaluates China+1 strategy to diversify sourcing

Result Drivers

TARIFF IMPACT - Co cites ongoing tariff environment as a factor affecting revenue, with customers evaluating impact on their businesses

PRODUCT CATEGORY PERFORMANCE - Sanitaryware revenue grew 7% y/y, while Bath Furniture and Shower Systems declined 10.8% and 17.8% respectively

GEOGRAPHIC VARIANCE - Revenue increased in the U.S. and Europe by 1.3% and 7.3% respectively, but declined 8% in Canada

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$35.8 mln
$37.7 mln (2 Analysts)
Q3 Adjusted EPS
Beat
$0.13
$0.08 (2 Analysts)
Q3 Adjusted Net Income
Beat
$200,000
$168,500 (2 Analysts)
Q3 Gross Margin
26.50%
Q3 Adjusted Operating Income
Miss
$400,000
$550,000 (2 Analysts)
Q3 Gross Profit
$9.5 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 $8.50, about 40.9% above its November 13 closing price of $5.02

Press Release: ID:nPn8tcNdFa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)