Jerash holdings (US) Inc

Jerash Holdings (US), Inc. operates as a holding company. It engages in manufacturing customized ready-made outerwear from knitted fabric and exporting produced apparel for retailers such as Walmart, Costco, Sears, Hanes, Columbia, Land's End, VF Corp., and Philip-Van Heusen. The firm offers trousers and urban styling outerwear and different types of natural and synthetic materials. The company was founded in January 2016 and is headquartered in Fairfield, NJ.

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Jerash Holdings Faces Q4 Loss, Eyes Recovery

Jerash Holdings experienced a challenging Q4 due to supply chain disruptions from the Red Sea crisis, resulting in decreased revenue and a net loss. However, the company is optimistic about recovery, with increased orders and strategic adjustments aimed at improving future financial performance and operational efficiency.

Jerash Holdings (US) Inc. reports revenue growth and margin improvement

Jerash Holdings (US) Inc. delivered strong revenue growth and margin improvement in Q1 2025.
While facing challenges in delayed orders and profitability, the company is actively addressing logistic issues.
Stable operations, full manufacturing capacity, and global customer interest position the company for future growth.
Strategic vendor diversification and joint ventures offer avenues for operational enhancement and expansion.

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Jerash Holdings (US), Inc. engages in the manufacturing and exporting of customized, ready-made sportswear, and outerwear from knitted fabric and personal protective equipment. It operates through the United States, Hong Kong, Jordan, and Others geographical segments. The company was founded in January 2016 and is headquartered in Fairfield, NJ.

Jerash Holdings (US), Inc. (NASDAQ:JRSH ) Q2 2023 Earnings Conference Call November 10, 2022 9:00 AM ET Company Participants Roger Pondel - Investor Relations Sam Choi - Chairman and Chief Executive Officer Gilbert Lee - Chief Financial Officer Eric Tang - Chief Operating Officer Conference Call Participants Michael Baker - D.A. Davidson Mark Argento - Lake Street Aaron Grey - Alliance Global Partners Rommel Dionisio - Aegis Capital Operator Good morning, ladies and gentlemen, and welcome to the Jerash Holdings Fiscal 2023 Second Quarter Financial Results Call.

Jerash Holdings (US), Inc. (JRSH) Q2 2023 Earnings Call Transcript

Performance Impacted by Slowing Economy and Postponement of Shipments Requested by Customers Company Announces New Joint Venture and Makes Progress with Initiative to Expand Base of Global Customers FAIRFIELD, NJ / ACCESSWIRE / November 10, 2022 / Jerash Holdings (US), Inc. ("Jerash" or the "Company") (NASDAQ:JRSH), which manufactures and exports custom, ready-made, sportswear and outerwear for leading global brands, today announced financial results for its fiscal 2023 second quarter, ended September 30, 2022. Jerash also announced that on November 9, 2022, it signed a memorandum of understanding to establish a joint venture company with Busana Apparel Group ("Busana") to produce garments for Busana's retail customers that are expressing interest to geographically diversify and add production in Jordan, which has long-standing duty-free export agreements with the U.S., the EU and other countries.

Jerash Holdings Reports Fiscal 2023 Second Quarter Financial Results

FAIRFIELD, NJ / ACCESSWIRE / November 1, 2022 / Jerash Holdings (US), Inc. (NASDAQ:JRSH) (the "Company" or "Jerash"), which manufactures and exports custom, ready-made, sportswear and outerwear for leading global brands, today announced it will release its financial results for fiscal 2023 second quarter ended September 30, 2022, before the market opens on Thursday, November 10, 2022. The Company will host an investor conference call the same day.

Jerash Holdings to Report Financial Results for Fiscal 2023 Second Quarter on Thursday, November 10, 2022

FAIRFIELD, NJ / ACCESSWIRE / September 16, 2022 / Jerash Holdings (US), Inc. (NASDAQ:JRSH), which manufactures and exports custom, ready-made, sportswear and outerwear for leading global brands, today announced the results of its annual meeting of stockholders, held on September 15, 2022. Items submitted for stockholder approval were approved and adopted, including: Election of five nominated directors, Sam Choi, Kitty Yang, Ibrahim Saif, Bill Korn and Mak Chi Yan.

Jerash Holdings Announces Results of 2022 Annual Meeting of Stockholders

FAIRFIELD, NJ / ACCESSWIRE / September 1, 2022 / Jerash Holdings (US), Inc. (NASDAQ:JRSH), which manufactures and exports custom, ready-made, sportswear and outerwear for leading global brands, today announced that Gilbert Lee, its chief financial officer, will participate at Lake Street Capital Market's Six Annual Best Ideas Growth (BIG6) Conference in New York, on September 15, 2022. Management will conduct one-on-one meetings with investors during the conference.

Jerash Holdings to Present at Lake Street's 6th Annual Best Ideas Growth Conference, September 14

Company Has Occupied and Operated the Manufacturing Facilities at Property Since Acquiring MK Garments Last Year in Separate Transaction FAIRFIELD, NJ / ACCESSWIRE / August 25, 2022 / Jerash Holdings (US), Inc. (NASDAQ:JRSH) (the "Company" or "Jerash"), which manufactures and exports custom, ready-made, sports and outerwear for leading global brands, today announced its wholly owned subsidiary, Jerash Garments and Fashions Manufacturing Co., Ltd., has completed the previously announced purchase agreement with Kawkab Venus Al Dowalyah Lisenaet Albesah for the 71,000 square-foot factory building and land, which house the Company's latest acquired MK Garments factory, in Amman, Jordan, for $2.7 million in cash.

Jerash Holdings Completes Purchase of Land and Building in Amman, Jordan

Jerash Holdings (US), Inc. (NASDAQ:JRSH ) Q1 2023 Results Conference Call August 11, 2022 9:00 AM ET Company Participants Roger Pondel - PondelWilkinson, IR Sam Choi - Chairman and CEO Gilbert Lee - Chief Financial Officer Eric Tang - Head, Operations, Jordan Conference Call Participants Michael Baker - D.A. Davidson Mark Argento - Lake Street Peter Sidoti - Sidoti & Company Operator Good day, and welcome to Jerash Holdings Fiscal 2023 First Quarter Financial Results.

Jerash Holdings (US), Inc. (JRSH) CEO Sam Choi on Q1 2023 Results - Earnings Call Transcript

FAIRFIELD, NJ / ACCESSWIRE / August 11, 2022 / Jerash Holdings (US), Inc. (NASDAQ:JRSH) (the "Company" or "Jerash"), which manufactures and exports custom, ready-made, sportswear and outerwear for leading global brands, today announced financial results for its fiscal year 2023 first quarter, ended June 30, 2022. First Quarter Fiscal Year 2023 Highlights Revenue of $33.4 million, up 11.9 percent from the same quarter last year Gross profit of $6.6 million, up 17.6 percent from the same quarter last year Gross margin of 19.8 percent, up 100 basis points, from the same quarter last year Net income of $1.7 million, or $0.14 per share, versus $1.9 million, or $0.17 per share, from the same quarter last year Fiscal Year 2023 Outlook Revenue for fiscal year 2023 second quarter: $41 million to $43 million vs.

Jerash Holdings Reports Financial Results for Fiscal Year 2023 First Quarter

FAIRFIELD, NJ / ACCESSWIRE / August 9, 2022 / Jerash Holdings (US), Inc. (NASDAQ:JRSH), which manufactures and exports custom, ready-made, sports and outerwear for leading global brands, today announced that Gilbert Lee, its chief financial officer, will present at the Sidoti Microcap Virtual Investor Conference on August 18, 2022 at 10:00 a.m. ET. The presentation can be accessed live at https://sidoti.zoom.us/webinar/register/WN_2n2LkaZnTLmRh8vLVPpBRg, or from Jerash's website at www.jerashholdings.com, under Investor Relations, where it will be archived.

Jerash Holdings to Present at Sidoti Microcap Virtual Investor Conference, August 18 at 10:00 a.m. ET

FAIRFIELD, NJ, / ACCESSWIRE / August 2, 2022 / Jerash Holdings (US), Inc. (NASDAQ:JRSH) (the "Company" or "Jerash"), which manufactures and exports custom, ready-made, sportswear and outerwear for leading global brands, today announced it will release its financial results for fiscal 2023 first quarter ended June 30, 2022, before the market opens on Thursday, August 11, 2022. The Company will host an investor conference call the same day.

Jerash Holdings to Report Financial Results for Fiscal 2023 First Quarter on Thursday, August 11, 2022

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FAIRFIELD, NJ / ACCESSWIRE / July 18, 2022 / Jerash Holdings (US), Inc. (NASDAQ:JRSH), a premium manufacturer and exporter of custom, ready-made, sportswear and outerwear for leading global brands, today announced the addition of a new prominent lifestyle branded customer, Skechers, known for its footwear and a growing range of apparel offerings. "We are thrilled to add Skechers to our growing roster of high-profile, quality global apparel brands, as we continue our goal to expand and further diversify our customer base," said Sam Choi, Jerash's chairman and chief executive officer.

Jerash Holdings to Manufacture Apparel for Skechers

Jerash Holdings (US), Inc. (NASDAQ:JRSH ) Q4 2022 Earnings Conference Call June 23, 2022 9:00 AM ET Company Participants Roger Pondel - PondelWilkinson, IR Sam Choi - Chairman and CEO Gilbert Lee - Chief Financial Officer Eric Tang - Head, Operations, Jordan Conference Call Participants Mike Baker - D.A. Davidson Mark Argento - Lake Street Rommel Dionisio - Aegis Capital Operator Good morning.

Jerash Holdings (US), Inc.'s (JRSH) CEO Sam Choi on Q4 2022 Results - Earnings Call Transcript

FAIRFIELD, NJ / ACESSWIRE / June 23, 2022 / Jerash Holdings (US), Inc. (NASDAQ:JRSH) (the "Company" or "Jerash"), which manufactures and exports custom, ready-made, sportswear and outerwear for leading global brands, today announced financial results for its fiscal 2022 fourth quarter and full year, ended March 31, 2022. Full Year Fiscal 2022 Highlights Revenue increased by 58.9 percent to $143.4 million Gross margin of 19.1 percent, up 133 basis points, driven by a larger proportion of higher-margin products during the first three quarters Operating income increased 94.7 percent to $10.5 million Net income increased by 90.8 percent to $7.9 million, or $0.67 per share Fourth Quarter Fiscal 2022 Highlights Revenue increased by 30.1 percent to $30.9 million Gross margin of 15.1 percent, down 445 basis points, impacted by fewer than expected jacket orders, which carry higher margins, and higher freight and shipping costs Operating income of $275,000 Income tax expense of $405,000, due to higher provision for annualized consolidated global tax rates Net loss of $130,000, after $312,000 of stock-based compensation expenses, or $0.01 per share Fiscal 2023 First Quarter Outlook Revenue for fiscal 2023 first quarter: $33 million to $35 million, up from $29.9 million in the fiscal 2022 first quarter Gross margin for fiscal 2023 first quarter: around 18 percent, including expected impact due to recent China shutdown and customer orders with lower margin products "Revenue for the full year and fourth quarter increased sharply, demonstrating our company's underlying foundational strength and the attractiveness of our manufacturing capabilities to global brands," said Sam Choi, Jerash's chairman and chief executive officer.

Jerash Holdings Reports Financial Results for Fiscal 2022 and Fourth Quarter

FAIRFIELD, NJ / ACCESSWIRE / June 16, 2022 / Jerash Holdings (US), Inc. (NASDAQ:JRSH) (the "Company" or "Jerash"), which manufactures and exports custom, ready-made, sportswear and outerwear for leading global brands, today announced it will release its financial results for fiscal year ended March 31, 2022, before the market opens on Thursday, June 23, 2022. The Company will host an investor conference call the same day.

Jerash Holdings to Report Financial Results for Fiscal 2022 Fourth Quarter and Full Year on Thursday, June 23, 2022

FAIRFIELD, NJ / ACCESSWIRE / June 13, 2022 / Jerash Holdings (US), Inc. (Nasdaq:JRSH) (the "Company" or "Jerash"), a premium manufacturer and exporter of custom, ready-made, sportswear and outerwear for leading global brands, today announced that its board of directors authorized a share repurchase program under which the Company may repurchase up to $3.0 million of its outstanding shares of common stock. The share repurchase program will be in effect through the end of the Company's current fiscal year, March 31, 2023.

Jerash Holdings Board Authorizes $3.0 Million Share Repurchase Program

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FAIRFIELD, NJ / ACCESSWIRE / March 10, 2022 / Jerash Holdings (US), Inc. (NASDAQ:JRSH), a premium manufacturer and exporter of custom, ready-made, sportswear and outerwear for leading global brands, today announced the addition of a new branded customer, with the receipt of orders to manufacture clothing for Timberland, an outdoor lifestyle brand and part of VF Corporation. "We are excited to add Timberland to our growing branded customer roster," said Sam Choi, Jerash's chairman and chief executive officer.

Jerash Holdings to Manufacture Clothing for Timberland Brand

Jerash (JRSH) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Jerash (JRSH) Moves to Buy: Rationale Behind the Upgrade

FAIRFIELD, NJ / ACCESSWIRE / March 2, 2022 / Jerash Holdings (US), Inc. (NASDAQ:JRSH), a premium manufacturer and exporter of custom, ready-made, sportswear and outerwear for leading global brands, today announced that Eric Tang, its Head of Jordan Operation, and Gilbert Lee, its Chief Financial Officer, will present at the D.A. Davidson Consumer Growth Conference on March 10, 2022, at 9:30 a.m.

Jerash Holdings to Present at the D.A. Davidson Consumer Growth Conference, March 10 at 9:30 a.m.

Jerash Holdings (US), Inc. (JRSH) CEO Sam Choi on Q3 2022 Results - Earnings Call Transcript

FAIRFIELD, NJ / ACCESSWIRE / February 10, 2022 / Jerash Holdings (US), Inc. ("Jerash") (NASDAQ:JRSH), which manufactures and exports custom, ready-made sportswear and outerwear for leading global brands, today announced financial results for its fiscal 2022 third quarter, ended December 31, 2021. Financial Highlights - Fiscal 2022 Third Quarter Versus Fiscal 2021 Third Quarter Record revenue of $36.8 million, an increase of 78.2 percent.

Jerash Holdings Reports Results for Fiscal 2022 Third Quarter; Increases Revenue Guidance for Fourth Quarter

FAIRFIELD, NJ / ACCESSWIRE / February 2, 2022 / Jerash Holdings (US), Inc. (NASDAQ:JRSH) (the "Company" or "Jerash"), which manufactures and exports custom, ready-made, sports and outerwear for leading global brands, today announced it will release its financial results for its fiscal 2022 third quarter, which ended December 31, 2021, before the market opens on Thursday, February 10, 2022. The Company will host an investor conference call the same day.

Jerash Holdings to Report Financial Results for Fiscal 2022 Third Quarter on Thursday, February 10, 2022

Jerash Holdings (US), Inc. (JRSH) Management on Q2 2022 Results - Earnings Call Transcript

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