FGI Industries Ltd. (FGI) announced robust third-quarter 2024 results, highlighting a 20.6% year-over-year increase in total revenue, reaching $36.1 million. This growth was fueled by strategic investments in brands, products, and channel strategies, positioning FGI ahead of the overall market’s relatively flat outlook. Notably, all business segments and geographies experienced growth, with Sanitaryware and Bath Furniture reversing prior-quarter declines.
Kits Eyecare Ltd. (KITS) announced record revenue growth of 34.4% in the third quarter of 2024, reaching $41.9 million. The company attributed this growth to strong repeat customer revenue in both contact lenses and eyeglasses, with higher average order values. KITS also reported a significant milestone in glasses revenue, up 43.2% year-over-year, and welcomed a record number of new customers.
Preformed Line Products Company (PLPC) announced its third-quarter 2024 financial results, revealing a continued decline in net sales, albeit at a slower pace. The decrease is primarily attributed to the lingering slowdown in the communications end market, driven by factors like higher borrowing costs and inventory destocking. Despite the sales dip, PLPC highlights positive indicators like an increasing order backlog, suggesting a possible end to inventory destocking. The company maintains a robust financial position, emphasizing its commitment to new product development and customer service, positioning itself for growth as market conditions improve.
Crown Castle Inc. (CCI) has announced solid operating and financial performance for the third quarter of 2024, reaffirming its full year outlook for Adjusted EBITDA and AFFO. Despite a reduction in net income due to restructuring charges and asset write-down, the company remains optimistic about long-term value creation opportunities in its tower, small cell, and fiber solutions offerings.
MercadoLibre, the leading e-commerce platform in Latin America, is anticipated to deliver another solid performance in the third quarter of 2024, fueled by robust growth in gross merchandise value (GMV), total payment volume (TPV), and its loan portfolio. Goldman Sachs analysts predict a strong performance, with potential for continued expansion in Brazil, Mexico, and Argentina.
