Company FGI Industries Ltd.

Equities

FGI

KYG3302D1034

Home Improvement Products & Services Retailers

End-of-day quote Nasdaq Other stock markets 18:00:00 2024-05-14 EDT			5-day change	1st Jan Change
1.04 ^USD	-1.89%		-2.79%	-36.59%

05-09	Transcript : FGI Industries Ltd., Q1 2024 Earnings Call, May 09, 2024
05-08	FGI Industries Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Business Summary

FGI Industries Ltd. (FGI) is a diversified supplier of bath and kitchen products. The Company offers a range of products under four categories, namely sanitaryware, bath furniture, shower system and other. The Companyâs sanitaryware category includes a range of bath products, such as toilets, sinks, pedestals and toilet seats. Its bath furniture category primarily includes wood and wood-substitute furniture for bathrooms, including vanities, mirrors, laundry and medicine cabinets and other storage systems. Its shower systems category includes a range of shower-related products, such as shower walls, shower doors and shower basins. Its other category includes smaller categories, prominently custom kitchen cabinetry brand under its Covered Bridge Cabinetry and Craft + Main Cabinetry lines of products. These products are sold primarily for repair and remodeling (R&R) activity and, new home or commercial construction.

Number of employees: 287

Sales per Business

USD in Million	2022	Weight	2023	Weight	Delta
Sanitaryware 64.4 %	105	64.8 %	76	64.4 %	-27.91%
Shower System 17.1 %	22	13.3 %	20	17.1 %	-7.36%
Bath Furniture 12.6 %	30	18.3 %	15	12.6 %	-49.96%
Other 5.9 %	6	3.6 %	7	5.9 %	+19.25%

Sales per region

USD in Million	2022	Weight	2023	Weight	Delta
United States 63.6 %	103	63.8 %	75	63.6 %	-27.78%
Canada 26.5 %	41	25.4 %	31	26.5 %	-24.21%
Europe 9.8 %	17	10.4 %	11	9.8 %	-31.86%
Rest of World 0.1 %	1	0.4 %	0	0.1 %	-83.29%

Managers

Managers	Title	Age	Since
David Bruce CEO	Chief Executive Officer	58	21-05-25
Perry Lin DFI	Director of Finance/CFO	48	21-05-25
Paul Lambert Bartolai IRC	Investor Relations Contact	-	-
Norman Kroenke PRN	Corporate Officer/Principal	60	-
Jennifer Earl PRN	Corporate Officer/Principal	48	-
Bob Kermelewicz PRN	Corporate Officer/Principal	61	-

Members of the board

Members of the board	Title	Age	Since
Todd M. Heysse BRD	Director/Board Member	51	-
John Chen CHM	Chairman	45	21-05-25
Kellie Zesch Weir BRD	Director/Board Member	45	-
David Bruce CEO	Chief Executive Officer	58	21-05-25

Share class

	Vote	Quantity	Free-Float	Company-owned shares	Total Float
Stock A	1	9,547,607	2,591,186 ( 27.14 %)	0	27.14 %

Shareholders

Name	Equities	%	Valuation
Foremost Groups Ltd. 71.39 %	6,816,250	71.39 %	7 M $
First Wilshire Securities Management, Inc. 9.104 %	869,186	9.104 %	912 645 $
Todd M. Heysse 0.8816 %	84,171	0.8816 %	88 380 $
Perritt Capital Management, Inc. 0.7332 %	70,000	0.7332 %	73 500 $
Vanguard Group, Inc. (Subfiler) 0.2825 %	26,976	0.2825 %	28 325 $
David Bruce 0.1152 %	11,000	0.1152 %	11 550 $
John Chen 0.0934 %	8,917	0.0934 %	9 363 $
Bob Kermelewicz 0.0847 %	8,083	0.0847 %	8 487 $
Tower Research Capital LLC 0.0627 %	5,984	0.0627 %	6 283 $
Osaic Wealth, Inc. 0.0157 %	1,500	0.0157 %	1 575 $

Name	Equities	%	Valuation
Armistice Capital LLC -	933,333	-	158 667 $
Anson Funds Management LP -	740,991	-	125 968 $
Hudson Bay Capital Management LP -	160,372	-	27 263 $
Warberg Asset Management LLC -	121,152	-	20 596 $
Clear Street LLC -	9,461	-	1 608 $