FGI Industries reports Q4 EPS (4c) vs. 6c last year

Reports Q4 revenue $35.6M vs. $30.96M last year. Dave Bruce, CEO, stated, “FGI reported total revenue of $35.6M in the quarter, representing a year-over-year increase of 15.0%. Gross profit was $8.7M, a decrease of 3.2% compared to the prior year. The gross margin was 24.6%, a decline of 460 basis points compared to 4Q23 due, in part, to customer marketing support and costs related to new business and associated promotional expenses in Bath Furniture. The industry outlook remains relatively flat overall but FGI’s strategic investments in our brands, products and channels strategy is bearing fruit and driving revenue growth well above the overall market. FGI’s Q4 revenue increased significantly compared to 4Q23 due to growth across all our businesses and geographies. Revenue grew 14.7%, 9.9% and 23.3% in the quarter for the US, Canada and Europe markets, respectively…The increasing tariff environment in 2025 remains fluid…We are confident that we can work through what comes given the close relationships we have cultivated over the years with our vendors and customers.”