Welcome to our dedicated page for Jerash Hldgs Us news (Ticker: JRSH), a resource for investors and traders seeking the latest updates and insights on Jerash Hldgs Us stock.
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.
Track JRSH's latest earnings reports, partnership agreements, and production innovations through verified press releases and market analyses. Our curated collection ensures transparent access to critical information affecting the company's position in the competitive apparel manufacturing sector.
Key updates include product line expansions, supply chain enhancements, and regulatory filings. Users will find comprehensive coverage of operational achievements and corporate governance matters relevant to long-term performance evaluation.
Bookmark this page for streamlined monitoring of Jerash Holdings' business trajectory and sector-specific developments. Stay informed through our organized repository of essential updates from this NYSE-listed apparel production specialist.
Jerash Holdings (NASDAQ:JRSH) will present at the Aegis Capital Virtual Conference on May 2, 2023, at 1:30 p.m. ET. The CFO, Gilbert Lee, will showcase the company's performance in manufacturing and exporting custom sportswear and outerwear for well-known global brands.
Jerash Holdings serves major clients like VF Corporation, New Balance, and G-III, operating six factory units and four warehouses, employing around 5,000 people. Interested investors can access the presentation deck on their website under Investor Relations for more insights.
Jerash Holdings (NASDAQ:JRSH) and Busana Apparel Group have formed a joint venture named J&B International Limited to produce custom sportswear and outerwear in Jordan. Jerash will hold a 51% stake, contributing $1.5 million in working capital. The venture aims to serve Busana's global branded customers, benefitting from Jordan's duty-free export agreements. Initial production is expected in the second half of 2023. This partnership leverages Jerash's existing manufacturing capabilities in Jordan and Busana's extensive industry experience, enhancing manufacturing diversity and operational capacity for both companies.
Jerash Holdings (Nasdaq:JRSH) announced that its CFO, Gilbert Lee, will present at the D.A. Davidson 6th Annual Consumer Growth Conference in New York on March 21, 2023, at 2:45 p.m. ET. The presentation can be accessed live via this link or through Jerash's website. The company is known for manufacturing and exporting custom sportswear and outerwear for global brands like VF Corporation, New Balance, and American Eagle. Jerash operates six factories and four warehouses, employing around 5,000 people.
Jerash Holdings reported a 17% increase in revenue for its fiscal 2023 third quarter, reaching a record $43 million, up from $36.8 million a year earlier. However, gross profit declined to $5.8 million from $6.9 million, resulting in a gross margin drop from 18.8% to 13.5%. Operating income fell to $1.3 million, while net income was $0.9 million or $0.07 per diluted share, down from $1.7 million or $0.13 per diluted share last year. The company forecasts fourth-quarter revenue between $26 million and $28 million, a decrease from $30.9 million reported last year.
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