FGI Industries Q1 revenue falls 8.2% to $30.5 million; net loss widens to $1.0 million
FGI Industries reported first-quarter 2026 results, with revenue down 8.2% year over year to $30.5 million and a net loss attributable to shareholders of $1.0 million, or $0.50 per diluted share, versus $0.33 a year earlier. The company reaffirmed its fiscal 2026 guidance of $134-141 million in net revenue, so shareholders see weaker first-quarter sales and a wider per-share loss, with no change to the full-year outlook.
Key points
- Revenue of $30.5 million, down 8.2% from $33.2 million in Q1 2025; sanitaryware revenue fell 20.0% to $16.1 million
- Operating loss narrowed to $0.7 million from $1.3 million, mainly from lower selling and distribution costs
- Net loss attributable to shareholders was $1.0 million, or $0.50 per diluted share, versus $0.6 million, or $0.33 per share, a year earlier
- Fiscal 2026 guidance reaffirmed: net revenue of $134-141 million; cash of $2.7 million and total liquidity of $7.9 million at March 31, 2026
The filing
Written by AI on Nov 9, 2026, 11:44 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 14, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.