Yahoo Finance FGI Industries Second Quarter 2024 Earnings: Misses Expectations
FGI Industries (NASDAQ:FGI) Second Quarter 2024 Results
Key Financial Results
Revenue: US$29.4m (flat on 2Q 2023).
Net income: US$163.6k (up 85% from 2Q 2023).
Profit margin: 0.6% (up from 0.3% in 2Q 2023).
EPS: US$0.017 (up from US$0.009 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
FGI Industries Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) also missed analyst estimates by 167%.
Looking ahead, revenue is forecast to grow 5.8% 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 share price is broadly unchanged from a week ago.
Risk Analysis
You still need to take note of risks, for example - FGI Industries has 5 warning signs (and 3 which make us uncomfortable) we think you should know about.
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