FGI Industries reported a slight year-over-year revenue decrease in Q3 2025, impacted by tariffs and segment-specific declines, though gross margin improved due to pricing actions and cost management. The company is strategically investing in brands and products to drive future growth amidst an uncertain market environment.
Gross profit increased 2.0% year-over-year to $9.5 million.
positiveGross margin improved by 70 basis points to 26.5% due to pricing actions and higher freight costs.
positiveOperating income improved to $0.4 million from an operating loss of $0.1 million in the prior year.
positiveTotal operating expenses decreased 2.6% year-over-year to $9.1 million.
positiveTotal revenue decreased 0.7% year-over-year to $35.8 million.
negativeRevenue in Canada declined 8.0% year-over-year.
negativeBath Furniture revenue declined 10.8% year-over-year.
negativeShower Systems revenue declined 17.8% year-over-year.
negativeGAAP net loss attributable to shareholders was $1.7 million, or $0.86 per diluted share.
negativeThe company reiterates its fiscal 2025 guidance for adjusted operating income of $(2.0)-1.5 million and adjusted net income of $(1.9)-1.0 million, indicating a potential full-year loss.
negativeMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
| Segment | Current | Prior Yr | YoY | % Total |
|---|---|---|---|---|
Sanitaryware | N/A | — | — | — |
Bath Furniture | N/A | — | — | — |
Shower Systems | N/A | — | — | — |
Other (primarily Kitchen Cabinets) | N/A | — | — | — |
| Total Revenue | $0.00M | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.
Customers continued to evaluate the impact of tariffs on their businesses, and FGI's pricing actions reflect support from customers and suppliers.
FGI's strategic investments in Brands, Products and Channels strategy is bearing fruit and becoming a positive driver of revenue growth.
FGI and our customers continue to evaluate a China+1 strategy to diversify and broaden our geographic sourcing.
Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.
Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.