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

Simply Wall St.11-14 21:53

FGI Industries (NASDAQ:FGI) Third Quarter 2024 ResultsKey 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 ...

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US$0.058 loss ...</p>\n\n<a href=\"https://simplywall.st/stocks/us/capital-goods/nasdaq-fgi/fgi-industries/news/fgi-industries-third-quarter-2024-earnings-revenues-beat-exp\">Source Link</a>\n\n</div>\n","source":"simplywall_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>FGI Industries Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFGI Industries Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-14 21:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/us/capital-goods/nasdaq-fgi/fgi-industries/news/fgi-industries-third-quarter-2024-earnings-revenues-beat-exp><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>FGI Industries (NASDAQ:FGI) Third Quarter 2024 ResultsKey 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 ...</p>\n\n<a href=\"https://simplywall.st/stocks/us/capital-goods/nasdaq-fgi/fgi-industries/news/fgi-industries-third-quarter-2024-earnings-revenues-beat-exp\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FGI","symbol_name":"FGI Industries Ltd.","start_time":0,"source_url":"https://simplywall.st/stocks/us/capital-goods/nasdaq-fgi/fgi-industries/news/fgi-industries-third-quarter-2024-earnings-revenues-beat-exp","article_id":"2483335032","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/3081000-choice2-main-header/1585186749644"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483335032","pubTimestamp":1731592420,"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"FGI Industries ( NASDAQ:FGI ) Third Quarter 2024 Results Key Financial Results Revenue: US$36.1m (up 21% from 3Q 2023...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"FGI":"FGI Industries Ltd."},"translate_title":"FGI Industries 2024年第三季度收益：收入超出预期，每股收益滞后","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FGI":1},"content_text":"FGI Industries (NASDAQ:FGI) Third Quarter 2024 ResultsKey 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).  NasdaqCM:FGI Earnings and Revenue History November 14th 2024 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. New: AI Stock Screener & AlertsOur new AI Stock Screener scans the market every day to uncover opportunities.• Dividend Powerhouses (3%+ Yield)• Undervalued Small Caps with Insider Buying• High growth Tech and AI CompaniesOr build your own from over 50 metrics.Explore Now for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.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. 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