US based FGI Industries Starts 2024 with Strong Revenue Growth

USA: FGI Industries, a leading supplier of kitchen and bath products, is off to a successful start in 2024. The company recently announced positive first-quarter results, showcasing a year-over-year revenue increase of 13.2%. FGI attributes this growth to strategic investments across its brands, products, and distribution channels. This strategic focus comes despite anticipating a slight decline in the repair and remodel (R&R) market segment.

The positive performance was particularly driven by the company's Sanitaryware and Shower businesses.  Looking ahead, FGI has exciting plans for expansion in India and the United Kingdom. Additionally, they are launching Isla Porter, a new high-end custom kitchen cabinetry business. This signals FGI's commitment to offering a diverse and innovative product portfolio to its customers.

Source: AU Investing