Earnings Releases·Nov 12, 2026, 4:24 PM ET

FGI Industries — Third Quarter 2026 Earnings Summary

Total revenue decreased 11.6% year-over-year to $31.7 million; while gross margin expanded to 27.6% from 26.5%, the company reported a GAAP net loss of $0.9 million ($0.49 per share) compared to a $1.7 million loss in the prior-year period.
Fiscal 2026 guidance was revised downward across all metrics: total net revenue lowered to $120–127 million (from $134–141 million), adjusted operating income to $(1.8)–$0.2 million (from $0.7–2.5 million), and adjusted net income to $(2.6)–$(1.0) million (from $(0.3)–1.1 million).
Strategic focus remains on converting new program awards into revenue, expanding in Canada and new jurisdictions, and maintaining cost discipline despite a challenging housing market that drove declines of 11.9% in the U.S. and 21.8% in Europe.
Liquidity stands at $6.3 million ($2.0 million cash plus $4.3 million available under credit facilities) against $12.4 million in total debt, with no dividends, buybacks, or M&A activity reported.