FGI Industries reports Q4 adjusted EPS 29c vs. 34c last year

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.”