FGI INDUSTRIES LTD C/WTS (TO PUR COM) | 8-K: FY2025 Q2 Revenue: USD 31 M

Revenue: As of FY2025 Q2, the actual value is USD 31 M.

EPS: As of FY2025 Q2, the actual value is USD -0.64.

EBIT: As of FY2025 Q2, the actual value is USD -832.34 K.

Segment Revenue

• Total Revenue: $31.0 million, an increase of 5.5% year-over-year.
• Sanitaryware Revenue: $18.1 million, up from $17.3 million in the prior-year period.
• Bath Furniture Revenue: $4.1 million, up from $4.0 million in the prior-year period.
• Shower Systems Revenue: $5.2 million, down from $5.9 million last year.
• Other Revenue (primarily from Kitchen Cabinets): $3.5 million, up from $2.1 million in the prior year.

Operational Metrics

• Gross Profit: $8.7 million, a decrease of 2.9% year-over-year.
• Gross Margin: 28.1%, down 240 basis points from the prior-year period.
• Operating Loss: - $0.8 million, compared to operating income of $0.5 million in the prior-year period.
• Net Loss Attributable to Shareholders: - $1.2 million, compared to net income of $0.2 million in the same period last year.
• Operating Expenses: Increased by 1.3% year-over-year to $9.5 million.

Cash Flow

• Net Cash Provided by Operating Activities: $195,667 for the six months ended June 30, 2025.
• Cash and Cash Equivalents: $2.5 million as of June 30, 2025.

Unique Metrics

• Revenue Growth by Region: Revenue declined 0.4% in the U.S., grew 2.0% in Canada, and 36.7% in Europe.
• Growth in Specific Segments: Sanitaryware, Bath Furniture, and Covered Bridge revenue grew 4.3%, 2.7%, and 67.7% year-over-year, respectively.

Outlook / Guidance

• FGI Industries expects total net revenue for fiscal 2025 to be between $135 million and $145 million.
• The company anticipates total adjusted operating income to range from -$2.0 million to $1.5 million.
• Total adjusted net income is projected to be between -$1.9 million and $1.0 million.