Jerash Holdings (US), Inc. manufactures and exports custom, ready-made sportswear and outerwear for global brands and retailers from production operations in Jordan. Company news commonly covers quarterly operating results, shipment trends, customer and product mix, and demand for knitted-fabric apparel categories such as outerwear, shirts, pants and shorts.
Recurring updates also include board-approved cash dividends on common stock, manufacturing capacity initiatives, facility expansion activity, and relationships with customers and brand owners including VF Corporation, New Balance, G-III, Acushnet Holdings, American Eagle and Skechers.
Jerash Holdings (NASDAQ:JRSH), a manufacturer and exporter of custom sportswear and outerwear for leading global brands, has announced it will release its fiscal 2025 third quarter financial results on Tuesday, February 11, 2025, before market opening. The results will cover the period ended December 31, 2024.
The company will host an investor conference call on the same day at 9:00 a.m. ET. Investors can join via phone using the numbers 888-506-0062 (domestic) or 973-528-0011 (international) with Conference ID 383333. A live and archived webcast will be available in the investor relations section of Jerash's website, with the recording accessible for approximately one year.
Jerash Holdings (NASDAQ:JRSH) reported strong fiscal 2025 second quarter results with revenue increasing 20.6% to $40.2 million and gross profit rising 31.4% to $7.1 million. Net income grew 80.1% to $665,000, with EPS of $0.05. The company's gross margin improved to 17.5% from 16.1% year-over-year. Looking ahead, Jerash expects Q3 revenue to increase by 35-38% and full-year revenue to grow by 30-35%. The company maintains a strong balance sheet with $17.9 million in cash and restricted cash, and announced a quarterly dividend of $0.05 per share.
Jerash Holdings (Nasdaq: JRSH), a manufacturer and exporter of custom sportswear and outerwear for global brands, has announced a regular quarterly dividend of $0.05 per share on its common stock. The dividend will be paid on or about November 29, 2024, to stockholders of record as of November 22, 2024.
Jerash Holdings (NASDAQ:JRSH), a manufacturer and exporter of custom sportswear and outerwear for global brands, has announced it will release its fiscal 2025 second quarter financial results on Tuesday, November 12, 2024, before market opens. The company will host an investor conference call at 9:00 a.m. ET on the same day. The call will be accessible via phone (888-506-0062 domestic; 973-528-0011 international) with Conference ID 454213, and through a live webcast in the investor relations section of Jerash's website. The webcast will be archived for approximately one year.
Jerash Holdings (US), Inc. (Nasdaq: JRSH), a manufacturer and exporter of custom sportswear and outerwear for leading global brands, announced the results of its 2024 Annual Meeting of Stockholders held on September 27, 2024. The key outcomes include:
1. Re-election of all five nominated directors for a one-year term until the 2025 annual meeting: Choi Lin Hung, Wei ("Kitty") Yang, Ibrahim H. Saif, Bill Korn, and Mak Chi Yan.
2. Approval of the compensation paid to the Company's named executive officers on an advisory basis.
3. Stockholders' preference for an annual advisory vote on executive compensation, which the Company will implement until the next required frequency vote.
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.