---
title: "FGI INDUSTRIES LTD C/WTS (TO PUR COM) | 8-K: FY2026 Q1 Revenue: USD 30.5 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286465790.md"
datetime: "2026-05-14T20:42:55.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286465790.md)
  - [en](https://longbridge.com/en/news/286465790.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286465790.md)
generator: "portal-rs"
---

# FGI INDUSTRIES LTD C/WTS (TO PUR COM) | 8-K: FY2026 Q1 Revenue: USD 30.5 M

Revenue: As of FY2026 Q1, the actual value is USD 30.5 M.

EPS: As of FY2026 Q1, the actual value is USD -0.5.

EBIT: As of FY2026 Q1, the actual value is USD -337.38 K.

### First Quarter 2026 Financial Highlights

#### Revenue

Total revenue was $30.5 million, representing an 8.2% year-over-year decrease compared to the first quarter of 2025. Sanitaryware revenue was $16.1 million, a decrease from $20.2 million in the prior-year period. Bath Furniture revenue was $4.5 million, an increase from $4.1 million in the prior-year period. Shower Systems revenue was $6.5 million, an increase from $5.7 million last year. Other revenue, primarily from Kitchen Cabinets, was $3.3 million, remaining stable compared to $3.3 million in the prior year. Geographically, revenue declined 5.9% in the U.S. and 25.5% in Canada markets, while increasing 15.4% in the Europe market.

#### Profitability

Gross profit was $8.2 million, an 8.3% decrease year-over-year. Gross margin remained steady at 26.8%, unchanged from the prior-year period. Operating loss was -$0.7 million, an improvement from an operating loss of -$1.3 million in the prior-year period. Adjusted operating loss was -$0.7 million, compared to -$1.3 million in the prior-year period. Operating margin was -2.3%, up from -3.9% in the same period last year. Adjusted operating margin was -2.3%, up from -3.8% in the same period last year. Net loss attributable to FGI Industries Ltd. shareholders was -$1.0 million, versus a net loss of -$0.6 million in the same period last year. Adjusted net loss was -$0.7 million, compared to an adjusted net loss of -$1.1 million for the same prior-year period.

#### Operational Costs

Total operating expenses decreased 13.1% year-over-year to $8.9 million, primarily due to lower selling and distribution, tradeshow, and warehouse costs.

#### Cash Flow and Liquidity

Net cash used in operating activities was -$325,713 for the three months ended March 31, 2026, compared to -$1,651,686 in the prior-year period. As of March 31, 2026, FGI Industries Ltd. had $2.7 million in cash. Total debt amounted to $13.1 million. Availability under credit facilities, net of letters of credit, was $5.3 million. Total liquidity stood at $7.9 million.

#### Fiscal Year 2026 Guidance

FGI Industries Ltd. reaffirms its fiscal 2026 guidance, projecting total net revenue between $134 million and $141 million. The company expects total adjusted operating income to range from $0.7 million to $2.5 million. Total adjusted net income is anticipated to be between -$0.3 million and $1.1 million.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**