FGI Industries Roars Back as Margins Surge
FGI Industries (NASDAQ:FGI) is showing signs of a meaningful financial reset after reporting second-quarter 2026 results that combined modest revenue growth with a much stronger improvement in profitability. Revenue increased 2.9% year over year to $31.9 million, but gross profit jumped 22.5% to $10.7 million, pushing gross margin to 33.4% from 28.1% a year earlier. Operating income swung to $1.4 million from an $0.8 million operating loss, while net income attributable to shareholders reached $1.3 million, or $0.65 per diluted share, compared with a $1.2 million net loss, or $0.64 per share, in the prior-year quarter.