FGI Industries Ltd. (NASDAQ:FGI) Q4 2023 Earnings Conference Call March 21, 2024 9:00 AM ET

Company Participants

Paul Bartolai - Managing Director of Vallum Capital Advisors
David Bruce - President and Chief Executive Officer
Perry Lin - Chief Financial Officer

Conference Call Participants

Reuben Garner - The Benchmark Company, LLC
Gregory Gibas - Northland Securities, Inc.

Operator

Good day, and welcome to the FGI Industries Fourth Quarter 2023 Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Paul Bartolai, Managing Director of Vallum Advisors. Please go ahead.

Paul Bartolai

Thank you. Welcome to FGI Industries fourth quarter and full-year 2023 results conference call. Leading the call today are President and CEO, David Bruce; and Chief Financial Officer, Perry Lin. We issued a press release after the market closed yesterday detailing our recent operational and financial results.

I would like to remind you that management's commentary and responses to questions on today's conference call may include forward-looking statements which, by their nature, are uncertain and outside of the Company's control. Although these forward-looking statements are based on management's current expectations and beliefs, actual results may differ materially.

For a discussion of some of the factors that could cause actual results to differ, please refer to the Risk Factors section of our latest filings with the SEC. Additionally, please note that you can find reconciliations of historical non-GAAP financial measures in the press release issued yesterday and in the appendix of this presentation, which is available on the Company's website.

Today's call will begin with a performance review and strategic update from David Bruce, followed by a financial review from Perry Lin. At the conclusion of these prepared remarks, we will open the line for your questions.

With that, I'll turn the call over to Dave.

David Bruce

Thanks, Paul. Good morning, everyone, and thank you for joining our call today. I'm extremely pleased with our solid fourth quarter results and improved momentum as we enter 2024. We have seen inventory levels normalize and we experienced improved order trends across our key businesses during the fourth quarter due in large part to the investments we made in our organic growth initiatives throughout the year under our brands, products and channels or BPC strategy.