FGI Industries

Q2 FY2026 EarningsQ2 FY26 results presented a mixed performance: revenue of $31.9M missed the $33.9M consensus (-5.8% YoY), primarily due to significant weakness in Canada (-24.5% YoY) and Europe (-21.0% YoY). However, gross margin significantly outperformed at 33.4% vs. 31.0% expected, bolstered by a $2.7M IEEPA tariff refund. Diluted GAAP EPS of $0.65 swung from a loss and crushed the -$0.23 consensus, driven by the one-time tariff recovery and disciplined cost control. While US revenue grew 20.3% YoY, management maintains a cautious outlook given ongoing global tariff volatility.