Jerash Holdings Reports Financial Results for Fiscal 2027 First Quarter
Rhea-AI Summary
Jerash Holdings (NASDAQ:JRSH) reported fiscal 2027 Q1 record revenue of $50.2 million, up 26.7% year over year, driven mainly by higher shipments to two major U.S. customers and contributions from a strategic partner in Korea.
Gross profit rose 35.7% to $8.3 million, expanding gross margin to 16.4%. Operating income increased to $2.6 million, up 174.4%, and net income attributable to common stockholders grew to $1.68 million, or $0.13 per diluted share, versus $0.03 a year earlier.
Operating cash flow was $2.5 million, and cash, cash equivalents and restricted cash reached $14.1 million, with total stockholders' equity of $66.0 million at June 30, 2026. For fiscal 2027 Q2, Jerash expects revenue of $49–$51 million and gross margin of 14–15%, and declared a quarterly dividend of $0.05 per share.
Positive
- Revenue up 26.7% year over year to $50.2 million
- Gross profit up 35.7% to $8.3 million; margin 16.4%
- Operating income up 174.4% to $2.6 million
- Net income attributable to stockholders up to $1.68 million; EPS $0.13
- Operating cash flow of $2.53 million versus prior-year use of cash
- Quarterly dividend maintained at $0.05 per share, payable August 24, 2026
Negative
- Interest expense increased to $549,353 from $355,848 year over year
- Total other expenses, net rose to $545,507 from $306,534
- Q2 gross margin outlook 14–15%, below Q1 actual 16.4%
- Management flagged geopolitical and logistics risks that could affect exports and costs
News Explained
The board approved a
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jun 15 | earnings report | Positive | +8.4% | Strong fiscal 2026 results and capacity expansion supported an 8.38% response. |
| Feb 09 | earnings report | Positive | +13.4% | Improved quarterly results and capacity plans accompanied a 13.36% response. |
| Nov 12 | earnings report | Positive | +0.3% | Revenue growth, improved margins, and a dividend accompanied a 0.31% response. |
| Aug 12 | earnings report | Positive | +3.7% | Profitability turnaround and improved gross margin accompanied a 3.66% response. |
| Jun 23 | earnings report | Negative | -3.9% | Record annual revenue coincided with a reduced quarterly loss and a -3.88% response. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
All five tag-matched earnings events produced price reactions aligned with the reported earnings sentiment.
Key Terms
supply chain financing financial
letter of credit financing financial
restricted cash financial
noncontrolling interest financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
-- Record Revenue and Strong Profitability --
FAIRFIELD, NJ / ACCESS Newswire / August 10, 2026 / 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 2027 first quarter ended June 30, 2026.
Fiscal 2027 First Quarter Highlights
Record revenue of
$50.2 million , up 26.7 percent from$39.6 million in the prior year quarterGross profit of
$8.3 million , up 35.7 percent, from$6.1 million in the prior year quarterGross margin of 16.4 percent, up 100 basis points, from 15.4 percent in the prior year quarter
Operating income of
$2.6 million , up 174.4 percent, from$959,000 in the prior year quarterNet income advanced more than fivefold to
$1.7 million , from$324,000 in the prior year quarter.
Outlook
Revenue for the fiscal 2027 second quarter is expected to be approximately
$49 million -$51 million , subject to logistics efficiency amid geopolitical uncertainties.Gross margin goal for fiscal 2027 second quarter is expected to be approximately 14-15 percent, taking into effect of increased transportation costs for raw material imports.
"We are pleased to report a quarter of exceptional financial performance, highlighted by record revenue, improved gross margins, and a significant increase in profitability," said Sam Choi, Jerash's chief executive officer. "These results, in part, demonstrate the advantage of our Jordan-based manufacturing platform, along with effective execution on delivery and quality, as we expand production capacity to meet growing customer demand.
"Additionally, we are encouraged by recent trade developments that further strengthen our competitive position. The newly announced duty-free access for Jordanian apparel and textile exports to the U.S. reinforces Jerash's position as a preferred manufacturing source for global brands and retailers. We believe this favorable trade condition will support future growth, help attract new business opportunities, and enhance our ability to deliver long-term value to customers and shareholders.
"While our outlook remains positive, we are closely monitoring geopolitical developments in the Middle East that could affect near-term regional market conditions on export logistics and increased transportation costs for raw materials coming in from Asia. Nevertheless, we believe our attractiveness in the marketplace and our strong customer relationships position us well to navigate a dynamic environment," Choi added.
Fiscal 2027 First Quarter Results
Revenue for the fiscal 2027 first quarter increased 26.7 percent to
Gross profit increased 35.7 percent to
Operating expenses totaled
Operating income increased 174.4 percent to
Total other expenses were
Income tax expenses were
Net income advanced more than fivefold to
Balance Sheet, Cash Flow, and Dividends
Cash, cash equivalents and restricted cash totaled
On August 7, 2026, Jerash's board of directors approved a regular quarterly dividend of
Conference Call
Jerash Holdings will host an investor conference call to discuss its fiscal 2027 first quarter results today, August 10, 2026, at 9:00 a.m. Eastern Time.
Phone: 888-506-0062 (domestic); 973-528-0011 (international)
Conference ID: 479775
A live and archived webcast will be available online in the investor relations section of Jerash's website at www.jerashholdings.com. For those who are not able to listen to the live broadcast, the call will be archived for approximately one year on the website.
About Jerash Holdings (US), Inc.
Jerash Holdings (US), Inc. manufactures and exports custom, ready-made, sportswear and outerwear for leading global brands and retailers, including VF Corporation (which owns brands such as The North Face, Timberland, and Vans), New Balance, G-III (which licenses brands such as Calvin Klein, Tommy Hilfiger, and Nautica), Urban Outfitters, American Eagle, and Acushnet Holdings Corp (which owns the brand FootJoy). Jerash's existing production facilities in Jordan comprise eight factory units and six warehouses, and Jerash currently employs approximately 6,600 people. Additional information is available at www.jerashholdings.com.
Forward-Looking Statements
This news release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect", "seek", "potential," "outlook" and similar expressions are intended to identify forward-looking statements. Such statements, including, but not limited to, Jerash's current views with respect to future events and its financial forecasts, and expansion of the customer base among high-profile global brands, are subject to such risks and uncertainties. Many factors could cause actual results to differ materially from the statements made, including those risks described from time to time in filings made by Jerash with the U.S. Securities and Exchange Commission. These and other risks and uncertainties are detailed in the Company's filings with the U.S. Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated or expected. Statements contained in this news release regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. Jerash does not intend and does not assume any obligation to update these forward-looking statements, other than as required by law.
Contact:
PondelWilkinson Inc.
Judy Lin or Roger Pondel
310-279-5980; jlin@pondel.com
# # #
(tables below)
JERASH HOLDINGS (US), INC., AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
(Unaudited)
For the Three Months Ended June 30, | ||||||||
2026 | 2025 | |||||||
|
| |||||||
Revenue, net | $ | 50,229,508 | $ | 39,629,308 | ||||
Cost of goods sold | 41,967,453 | 33,540,428 | ||||||
Gross Profit | 8,262,055 | 6,088,880 | ||||||
Selling, general, and administrative expenses | 5,404,389 | 4,907,215 | ||||||
Stock-based compensation expenses | 226,338 | 222,669 | ||||||
Total Operating Expenses | 5,630,727 | 5,129,884 | ||||||
Income from Operations | 2,631,328 | 958,996 | ||||||
Other Income (Expenses): | ||||||||
Interest expenses | (549,353 | ) | (355,848 | ) | ||||
Other income, net | 3,846 | 49,314 | ||||||
Total other expenses, net | (545,507 | ) | (306,534 | ) | ||||
Net income before provision for income taxes | 2,085,821 | 652,462 | ||||||
Income tax expenses | 404,173 | 328,832 | ||||||
Net income | 1,681,648 | 323,630 | ||||||
Net income attributable to noncontrolling interest | (1,763 | ) | (4,954 | ) | ||||
Net income attributable to Jerash Holdings (US), Inc.'s Common Stockholders | $ | 1,679,885 | $ | 318,676 | ||||
Net income | $ | 1,681,648 | $ | 323,630 | ||||
Other Comprehensive (Loss) Income: | ||||||||
Foreign currency translation (loss) gain | (22,813 | ) | 9,564 | |||||
Total Comprehensive Income | 1,658,835 | 333,194 | ||||||
Comprehensive income attributable to noncontrolling interest | (1,763 | ) | (4,954 | ) | ||||
Comprehensive Income Attributable to Jerash Holdings (US), Inc.'s Common Stockholders | $ | 1,657,072 | $ | 328,240 | ||||
Earnings Per Share Attributable to Common Stockholders: | ||||||||
Basic and diluted | $ | 0.13 | $ | 0.03 | ||||
Weighted Average Number of Shares | ||||||||
Basic | 12,699,940 | 12,699,940 | ||||||
Diluted | 13,388,030 | 12,699,940 | ||||||
Dividend per share | $ | 0.05 | $ | 0.05 | ||||
JERASH HOLDINGS (US), INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
June 30, | March 31, | |||||||
(Unaudited) |
| |||||||
|
| |||||||
ASSETS |
|
| ||||||
Current Assets: |
|
| ||||||
Cash and cash equivalents | $ | 12,403,709 | $ | 10,764,576 | ||||
Accounts receivable, net | 5,895,848 | 5,676,122 | ||||||
Inventories | 26,593,905 | 29,956,361 | ||||||
Prepaid expenses and other current assets | 3,490,006 | 3,351,655 | ||||||
Advances to suppliers, net | 7,779,226 | 8,639,635 | ||||||
Total Current Assets | 56,162,694 | 58,388,349 | ||||||
Restricted cash - non-current | 1,704,128 | 1,702,935 | ||||||
Long-term deposits | 1,270,356 | 834,686 | ||||||
Property, plant, and equipment, net | 26,838,252 | 27,388,699 | ||||||
Goodwill | 499,282 | 499,282 | ||||||
Operating lease right of use assets | 906,762 | 1,038,563 | ||||||
Total Assets | $ | 87,381,474 | $ | 89,852,514 | ||||
LIABILITIES AND EQUITY | ||||||||
Current Liabilities: | ||||||||
Credit facilities | $ | 5,384,750 | $ | 4,902,996 | ||||
Accounts payable | 3,179,925 | 7,167,019 | ||||||
Accrued expenses | 5,194,906 | 5,528,165 | ||||||
Income tax payable - current | 1,590,588 | 1,331,765 | ||||||
Other payables | 1,982,611 | 2,092,183 | ||||||
Deferred revenue | 320,490 | 241,357 | ||||||
Bank loan - current | 146,914 | 58,766 | ||||||
Operating lease liabilities - current | 253,378 | 319,910 | ||||||
Total Current Liabilities | 18,053,562 | 21,642,161 | ||||||
Deferred tax liabilities, net | 73 | 73 | ||||||
Operating lease liabilities - non-current | 494,714 | 539,183 | ||||||
Bank loan - non-current | 2,673,886 | 2,762,034 | ||||||
Total Liabilities | 21,222,235 | 24,943,451 | ||||||
Equity | ||||||||
Preferred stock, | - | - | ||||||
Common stock, | 12,939 | 12,939 | ||||||
Additional paid-in capital | 26,805,344 | 26,579,006 | ||||||
Treasury stock, 239,478 shares | (1,169,046 | ) | (1,169,046 | ) | ||||
Statutory reserve | 413,821 | 413,821 | ||||||
Retained earnings | 40,439,401 | 39,394,513 | ||||||
Accumulated other comprehensive loss | (487,566 | ) | (464,753 | ) | ||||
Total Jerash Holdings (US), Inc. Stockholders' Equity | 66,014,893 | 64,766,480 | ||||||
Noncontrolling interest | 144,346 | 142,583 | ||||||
Total Equity | 66,159,239 | 64,909,063 | ||||||
Total Liabilities and Equity | $ | 87,381,474 | $ | 89,852,514 | ||||
JERASH HOLDINGS (US), INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
For the Three Months Ended June 30, | ||||||||
2026 | 2025 | |||||||
CASH FLOWS FROM OPERATING ACTIVITIES |
|
| ||||||
Net income | $ | 1,681,648 | $ | 323,630 | ||||
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||||||||
Depreciation | 831,884 | 743,787 | ||||||
Stock-based compensation expenses | 226,338 | 222,669 | ||||||
Amortization of operating lease right-of-use assets | 140,162 | 138,516 | ||||||
Changes in operating assets: | ||||||||
Accounts receivable | (219,727 | ) | (6,903,389 | ) | ||||
Inventories | 3,362,456 | 387,804 | ||||||
Prepaid expenses and other current assets | (138,348 | ) | 362,723 | |||||
Advances to suppliers | 860,409 | (339,418 | ) | |||||
Changes in operating liabilities: | ||||||||
Accounts payable | (3,987,094 | ) | (329,178 | ) | ||||
Accrued expenses | (333,259 | ) | (686,793 | ) | ||||
Other payables | (109,573 | ) | (548,442 | ) | ||||
Deferred revenue | 79,133 | 135,095 | ||||||
Operating lease liabilities | (119,362 | ) | (94,294 | ) | ||||
Income tax payable | 258,821 | 108,775 | ||||||
Net cash provided by (used in) operating activities | 2,533,488 | (6,478,515 | ) | |||||
CASH FLOWS FROM INVESTING ACTIVITIES | ||||||||
Purchases of property, plant and equipment | (184,606 | ) | (464,890 | ) | ||||
Payment for long-term deposits | (528,954 | ) | (250,029 | ) | ||||
Net cash used in investing activities | (713,560 | ) | (714,919 | ) | ||||
CASH FLOWS FROM FINANCING ACTIVITIES | ||||||||
Dividend payments | (634,997 | ) | (634,997 | ) | ||||
Repayment of short-term loan | (2,037,774 | ) | (4,723,477 | ) | ||||
Proceeds from short-term loan | 2,519,527 | 4,979,764 | ||||||
Net cash used in financing activities | (153,244 | ) | (378,710 | ) | ||||
EFFECT OF EXCHANGE RATE CHANGES ON CASH, CASH EQUIVALENTS AND RESTRICTED CASH | (26,358 | ) | 9,729 | |||||
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | 1,640,326 | (7,562,415 | ) | |||||
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF THE PERIOD | 12,467,511 | 15,064,039 | ||||||
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF THE PERIOD | $ | 14,107,837 | $ | 7,501,624 | ||||
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF THE PERIOD | $ | 14,107,837 | $ | 7,501,624 | ||||
LESS: NON-CURRENT RESTRICTED CASH | 1,704,128 | 1,704,794 | ||||||
CASH AND CASH EQUIVALENTS END OF THE PERIOD | $ | 12,403,709 | $ | 5,796,830 | ||||
Supplemental disclosure information: | ||||||||
Cash paid for interest | $ | 549,353 | $ | 355,848 | ||||
Income tax paid | $ | 102,853 | $ | 219,889 | ||||
Non-cash investing and financing activities | ||||||||
Equipment obtained by utilizing long-term deposit | $ | 93,284 | $ | 165,841 | ||||
SOURCE: Jerash Holdings (US), Inc.
View the original press release on ACCESS Newswire