FGI Industries Ltd. (NASDAQ: FGI)

FGI Industries Ltd is a global supplier of bath and kitchen products serving the repair and remodel and new construction markets. The company designs sources and distributes a wide range of products including sanitaryware bath furniture shower systems and custom cabinetry through a network of retail wholesale commercial e-commerce and independent dealer channels worldwide.

FGI Industries Ltd generates revenue primarily through the sale of its bath and kitchen products under both private label and owned brands. The company offers products across four main categories: Sanitaryware Bath Furniture Shower Systems and Other which includes custom kitchen cabinetry. Revenue is derived from selling these products to mass retailers wholesalers commercial distributors e-commerce platforms and independent dealers with a focus on mid-to-upper price point offerings.

The company operates through the following segments: Sanitaryware Bath Furniture Shower Systems and Other.

• The Sanitaryware segment includes toilets sinks pedestals and toilet seats primarily sourced from third-party suppliers in China and sold under brands such as Foremost and contrac.

• The Bath Furniture segment consists of wood and wood-substitute bathroom furniture including vanities mirrors laundry and medicine cabinets sourced mainly from Southeast Asia and China and sold under the Foremost brand.

• The Shower Systems segment comprises shower walls shower doors and shower basins sourced from third-party suppliers in China and sold as private label or under the Craft + Main and Jetcoat brands.

• The Other segment includes custom kitchen cabinetry under the Covered Bridge Cabinetry and Craft + Main Cabinetry lines sold primarily through local kitchen and bath dealerships with higher margins and growth potential.

FGI Industries Ltd holds a competitive position as a top-tier supplier in North American bath and kitchen product markets benefiting from long-standing customer relationships a resilient global supply chain and supported by its largest shareholder Foremost. The company competes with national and international brands such as American Standard Kohler Masco Delta Mansfield Gerber Niagara and OEM suppliers while differentiating through product breadth service capabilities geographic reach and affordable quality.

FGI Industries Ltd serves a diverse customer base including mass retailers such as The Home Depot Menards and Lowe’s wholesalers like Ferguson and Orgill commercial distributors e-commerce platforms including Wayfair and Build.com and independent dealers and distributors across North America and internationally.