FGI Industries rises after Q2 EPS beats estimate

FGI Industries Ltd. (NASDAQ: FGI ) shares surged 5.57% to $5.12 in pre-market trading on Thursday after the New Jersey-based kitchen and bath products supplier reported second-quarter earnings per share of $0.67, beating the analyst estimate of $0.30.

FGI Industries announced the results for the period ended Jun.

30 after the market closed on Wednesday.

Before the announcement, FGI shares closed at $4.73 in regular trading, up 3.96%, according to Pro data.

Revenue Misses Estimates But Grows Year-Over-Year FGI Industries posted revenue of $31.89 million, missing the expected $33.48 million by 4.77%.

This revenue represents an increase of 2.9% compared to the prior-year period, despite an ongoing and fluid tariff environment.

Gross profit came in at $10.7 million, up 22.5% year-over-year, with gross margin expanding to 33.4% from 28.1% a year earlier.

Operating income was $1.4 million, reversing an operating loss of $0.8 million in the same period last year.

CEO Dave Bruce said, “The industry outlook remains uncertain due to tariffs and economic uncertainty,” but noted that FGI’s strategic investments in its brands, products and channels strategy continue.

Bruce added that U.S. revenue increased 20.3% during the quarter, while revenue declined 24.5% in Canada and 21.0% in Europe.

Liquidity and Guidance As of June 30, FGI held $4.4 million in cash and $7.9 million in total available liquidity.

The company also reaffirmed its fiscal 2026 guidance.

It expects total net revenue between $134 million and $141 million.

Total adjusted operating income is projected between $0.7 million and $2.5 million.

Total adjusted net income is expected between a loss of $0.3 million and a gain of $1.1 million.

Trading Metrics, Technical Analysis FGI Industries has a market capitalization of $9.37 million, with a 52-week high of $12.62 and a 52-week low of $3.14.

The Relative Strength Index (RSI) of FGI stands at 54.32.

Over the past 12 months, the small-cap stock has gained 33.98%.

Currently, FGI is positioned near the lower end of its 52-week range, trading at just 18.04% of the distance between its annual low and high.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published editors.

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