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Jerash Holdings (JRSH) delivers timely updates on its role as a leading manufacturer of sportswear and outerwear for global retailers. This news hub provides investors and industry professionals with centralized access to official announcements, strategic developments, and operational milestones.
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Jerash Holdings (NASDAQ:JRSH) reported financial results for its fiscal 2025 first quarter ended June 30, 2024. Key highlights include:
- Record revenue of $40.9 million, up 17.8% year-over-year
- Gross profit of $4.6 million, down from $5.6 million last year
- Gross margin decreased to 11.3% from 16.0% due to Red Sea shipping disruptions
- Net loss of $1.4 million or $0.11 per share, compared to net income of $495,000 or $0.04 per share last year
- Full-year revenue expected to increase by 20-25%
- Gross margin goal for fiscal 2025 set at 12-14%
The company faced challenges from increased logistics and labor costs but anticipates a more normalized operating environment in the second half of the fiscal year.
Jerash Holdings (US), Inc. (NASDAQ:JRSH), a manufacturer and exporter of custom, ready-made sportswear and outerwear for leading global brands, has announced it will release its financial results for the fiscal 2025 first quarter ended June 30, 2024. The results will be disclosed before the market opens on Tuesday, August 13, 2024. Following the release, the company will host an investor conference call at 9:00 a.m. ET on the same day. Investors can access the call via phone or through a live webcast available on the company's website. For those unable to attend the live broadcast, an archived version of the call will be available on the Jerash website for approximately one year.
Jerash Holdings (US), a manufacturer and exporter of custom sportswear and outerwear for leading global brands, has announced a regular quarterly dividend. The company's board of directors has approved a payment of $0.05 per share on its common stock. This dividend will be payable on or about August 23, 2024, to stockholders of record as of August 16, 2024. Jerash Holdings, traded on NASDAQ under the symbol JRSH, continues to demonstrate its commitment to returning value to shareholders through consistent dividend payments.
Jerash Holdings (NASDAQ:JRSH) announced its financial results for Q4 and FY 2024, ending March 31, 2024. The company faced significant disruptions in the Red Sea, affecting material shipments and production. Q4 revenue dropped 9.3% to $21.6 million, and the gross margin declined to 7% due to higher logistics costs. Operating loss was $3 million, with a net loss of $3.1 million, or $0.25 per share. For the full fiscal year, revenue fell to $117.2 million, from $138.1 million in FY 2023, and the company reported a net loss of $2 million, or $0.16 per share. Despite these challenges, Jerash forecasts a 14-15% revenue increase in Q1 FY 2025 and 15-18% for the full fiscal year. The company is shifting material sourcing to Turkey and Egypt to mitigate shipping issues and has seen a rise in orders from both long-term and new high-profile customers.
Jerash Holdings (NASDAQ: JRSH) will announce its financial results for the fiscal year ending March 31, 2024, on Thursday, June 27, 2024, before the market opens.
The company, which specializes in manufacturing and exporting custom sportswear and outerwear for global brands, will also host an investor conference call on the same day at 9:00 a.m. ET.
The call can be accessed domestically at 888-506-0062 and internationally at 973-528-0011 using the conference ID 933383.
A live and archived webcast will be available on Jerash's investor relations website for approximately one year.
Jerash Holdings (Nasdaq: JRSH), a manufacturer and exporter of custom sportswear and outerwear for global brands, announced a quarterly dividend of $0.05 per share.
This dividend will be payable on or around June 7, 2024, to shareholders recorded by May 31, 2024.
The board of directors approved this regular quarterly dividend, continuing the company's policy of returning value to shareholders.
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