FGI Industries Ltd. FGI
FGI is a global, diversified and reputable supplier of quality bath and kitchen products. With over thirty years of experience, FGI has become a leading business to business supplier of bath and kitchen products to large retail, wholesale, commercial and specialty channel customers around the globe specializing in the home improvement and R&R (Repair & Remodel) markets. Some of our largest customers include The Home Depot, Menards, Ferguson and Lowe's. Throughout our history, we have achieved consistent and above-industry sales growth each year by executing on our strategic objectives which include offering well-designed, high-quality products, providing service that surpasses our competition and exceeds our customers' expectations, and managing an efficient and resilient global supply chain.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $130.5M | $131.8M | $117.2M | $161.7M | $181.9M | — |
| Cost of revenue | $95.3M | $96.4M | $85.2M | $130.2M | $149.7M | — |
| Gross profit | $35.3M | $35.4M | $32.1M | $31.5M | $32.2M | — |
| R&D | $1.4M | $1.7M | $1.4M | $1.1M | $646.1K | — |
| SG&A | $11.1M | $10.2M | $8.4M | $7.8M | $6.2M | — |
| Total operating expenses | $37.7M | $37.5M | $29.8M | $26.4M | $24.5M | — |
| Operating income | -$2.4M | -$2.1M | $2.3M | $5.1M | $7.7M | — |
| Interest expense | $1.3M | $1.2M | $749.7K | $600.8K | $411.2K | — |
| Pre-tax income | -$4.3M | -$2.3M | $1.4M | $4.5M | $8.9M | — |
| Income tax | $2.8M | $547.8K | $808.2K | $860.6K | $961.6K | — |
| Net income | -$6.1M | -$1.2M | $733.6K | $3.7M | $7.9M | — |
| EPS, basic | -3.20 | -0.63 | 0.08 | 0.39 | 1.13 | — |
| EPS, diluted | -3.20 | -0.63 | 0.07 | 0.39 | 1.13 | — |
| Shares, diluted (wtd. avg.) | 1.9M | 1.9M | 9.8M | 9.3M | 7.0M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $1.9M | $4.6M | $7.8M | $10.1M | $3.9M | $4.0M |
| Receivables | $13.8M | $20.3M | $16.2M | $14.3M | $26.4M | — |
| Inventory | $15.3M | $14.0M | $9.9M | $13.3M | $21.3M | — |
| Total current assets | $51.5M | $52.9M | $46.1M | $45.9M | $56.2M | — |
| Property, plant and equipment | $3.9M | $3.6M | $1.9M | $1.3M | $387.7K | — |
| Other intangibles | $1.7M | $1.8M | $102.2K | — | $42.7K | — |
| Total assets | $69.5M | $75.5M | $65.7M | $60.4M | $69.2M | — |
| Accounts payable | — | — | — | $14.7M | $32.0M | — |
| Short-term debt | $11.9M | $14.5M | $7.0M | $9.8M | $14.7M | — |
| Total current liabilities | $43.9M | $42.5M | $28.0M | $29.8M | $54.7M | — |
| Total liabilities | $53.9M | $53.9M | $41.7M | $37.6M | $61.6M | — |
| Retained earnings | -$2.9M | $3.2M | $4.4M | $3.7M | — | — |
| Total equity | $17.3M | $22.3M | $24.0M | $22.7M | $7.5M | $1.5M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | $673.2K | -$7.4M | $2.2M | $980.3K | -$3.2M | — |
| Depreciation and amortisation | $667.4K | $474.8K | $200.8K | $176.0K | $201.7K | — |
| Stock-based compensation | $333.2K | $401.2K | $418.0K | $383.6K | — | — |
| Capital expenditure | $885.7K | $2.2M | $840.4K | $1.1M | $57.8K | — |
| Investing cash flow | -$1.0M | -$2.9M | -$1.8M | -$1.1M | -$51.9K | — |
| Financing cash flow | -$2.6M | $7.5M | -$2.8M | $7.0M | $3.3M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-024682.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | — | $181.9M | $161.7M | $117.2M | $131.8M | $130.5M |
| Gross profit | — | $32.2M | $31.5M | $32.1M | $35.4M | $35.3M |
| Net income | — | $7.9M | $3.7M | $733.6K | -$1.2M | -$6.1M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Auditor changed The company changed auditors. Sometimes routine; historically one of the more reliable warnings that something is wrong. Item 4.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Results announced Item 2.02
- Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01
- Results announced Item 2.02
- Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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