FGI Industries (NASDAQ:FGI) Posts 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 (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.02, Zacks reports. FGI Industries had a negative net margin of 0.27% and a positive return on equity of 0.35%. The firm had revenue of $36.10 million during the quarter, compared to analysts’ expectations of $30.80 million. 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 Price Performance

FGI opened at $0.87 on Thursday. The stock has a market capitalization of $8.32 million, a P/E ratio of -29.00 and a beta of 1.32. FGI Industries has a 12 month low of $0.70 and a 12 month high of $1.85. The business has a 50 day simple moving average of $0.85 and a 200-day simple moving average of $0.94.

FGI Industries Company Profile

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.