Kitchen and Bath products supplier FGI Industries Q3 revenue misses estimates on tariff impact
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FGI Industries' Q3 revenue declined 0.7% y/y, missing analyst expectations due to tariff impacts. Adjusted EPS beat consensus, reflecting strategic growth investments. Gross profit rose 2% y/y. The company maintains fiscal 2025 revenue guidance of $135-145 million, with strategic investments expected to drive future growth. Sanitaryware revenue grew 7% y/y, while Bath Furniture and Shower Systems declined. Revenue increased in the U.S. and Europe but fell in Canada. Analysts rate the stock as "buy" with a median price target of $8.50.
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