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

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

FGI Industries Stock Performance

FGI stock opened at $0.76 on Wednesday. FGI Industries has a 52 week low of $0.70 and a 52 week high of $1.85. The company’s 50-day simple moving average is $0.85 and its 200 day simple moving average is $0.94.

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.