FGI Industries swings to Q2 profit on higher gross profit, lower costs
FGI•Quarterly results
FGI Industries swung to a second-quarter profit as higher gross profit and lower costs offset a revenue miss.
The global kitchen and bath supplier said Q2 revenue rose 2.9% year over year, while adjusted operating income improved to $1.4 million, driven by higher gross profit and lower expenses.
Outlook and operating trends
FGI reaffirmed its fiscal 2026 guidance despite tariff and economic uncertainty.
- 2026 net revenue guidance: $134 million to $141 million
- 2026 adjusted operating income: $0.7 million to $2.5 million
- 2026 adjusted net income: $(0.3) million to $1.1 million
The company said U.S. revenue rose 20.3% year over year, while Canada and Europe declined amid softer demand. Sanitaryware and shower systems revenue increased due to a U.S. recovery from prior-year tariff impacts and new program launches. Operating expenses fell 2.9% year over year, mainly from lower selling and distribution costs and warehouse optimization.
Key quarterly figures and analyst view
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
