FGI Industries (NASDAQ:FGI) Posts Earnings Results, Beats Expectations By $0.02 EPS

FGI Industries (NASDAQ:FGI) posted its quarterly earnings results on Monday. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.02, Zacks reports. The firm had revenue of $36.10 million for the quarter, compared to analysts’ expectations of $30.80 million. FGI Industries had a negative net margin of 0.27% and a positive return on equity of 0.35%. During the same period in the prior year, the company posted $0.05 earnings per share. FGI Industries updated its FY 2024 guidance to EPS.

FGI Industries Stock Performance

NASDAQ:FGI opened at $0.87 on Thursday. The stock has a 50-day simple moving average of $0.85 and a 200 day simple moving average of $0.94. FGI Industries has a one year low of $0.70 and a one year high of $1.85. The company has a market capitalization of $8.32 million, a price-to-earnings ratio of -29.00 and a beta of 1.32.

About FGI Industries

FGI Industries ltd. supplies kitchen and bath products in the United States, Canada, Europe, and internationally. The company sells sanitaryware products, such as toilets, sinks, pedestals, and toilet seats; wood and wood-substitute furniture for bathrooms, including vanities, mirrors, laundry, medicine cabinets, and other storage systems; shower systems; and customer kitchen cabinetry and other accessory items under the Foremost, avenue, contrac, Jetcoat, rosenberg, and Covered Bridge Cabinetry brand names.