FGI Industries Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

FGI Industries (NASDAQ:FGI) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$36.1m (up 21% from 3Q 2023).
• Net loss: US$550.1k (down by 234% from US$409.5k profit in 3Q 2023).
• US$0.058 loss per share (down from US$0.043 profit in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

FGI Industries Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 18%. Earnings per share (EPS) missed analyst estimates by 100%.

Looking ahead, revenue is forecast to grow 1.7% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Trade Distributors industry in the US.

Performance of the American Trade Distributors industry.

The company's shares are down 6.5% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 4 warning signs for FGI Industries (3 make us uncomfortable!) that you need to be mindful of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.