Jerash Hldgs Us Inc Stock Price, News & Analysis

Jerash Holdings (NASDAQ:JRSH) has announced a quarterly dividend of $0.05 per share, payable on or about February 21, 2023, to stockholders of record by February 14, 2023. This decision reflects the company's commitment to returning value to shareholders. Jerash specializes in manufacturing and exporting custom sportswear and outerwear for major retailers like Walmart and Costco. The company operates six factories and employs around 5,000 individuals, with an annual production capacity of 14 million pieces as of December 31, 2022.

Jerash Holdings (NASDAQ:JRSH) reported its fiscal 2023 Q2 results, revealing a revenue decline to $37.8 million, down from $45.7 million a year earlier, attributed to shipment postponements amid a slowing economy and high inventory levels. Gross profit also decreased to $6.9 million, with a gross margin of 18.3%. Despite these challenges, Jerash plans to expand its customer base and has partnered with Busana Apparel Group for a joint venture expected in 2023. The company forecasts Q3 revenue between $33 million to $35 million, indicating a conservative outlook.

Jerash Holdings (JRSH) has declared a quarterly dividend of $0.05 per share, payable on November 28, 2022, to stockholders recorded by November 18, 2022. The company specializes in manufacturing and exporting sportswear and outerwear for major brands like Walmart, Costco, and New Balance. With approximately 5,000 employees and an annual production capacity of 14 million pieces, Jerash operates six factories and four warehouses. This dividend reflects the company's ongoing commitment to return value to its shareholders.

Jerash Holdings (JRSH) will announce its fiscal 2023 second quarter financial results on November 10, 2022, before market opening. The company, which specializes in manufacturing and exporting custom sportswear for major brands, is hosting a conference call at 9:00 a.m. ET the same day. Listeners can access a live webcast on its investor relations website, with an archive available for one year. The firm employs around 5,000 people and has a production capacity of approximately 14 million pieces annually.

Jerash Holdings (NASDAQ:JRSH) held its annual meeting of stockholders on September 15, 2022, where all submitted items were approved. The key decisions included the election of five directors for one-year terms: Sam Choi, Kitty Yang, Ibrahim Saif, Bill Korn, and Mak Chi Yan. Additionally, Friedman LLP was ratified as the independent public accounting firm for the fiscal year ending March 31, 2023. Jerash manufactures custom sportswear and outerwear for notable global brands, employing over 5,500 people.

Jerash Holdings (NASDAQ:JRSH) announced that CFO Gilbert Lee will participate in Lake Street Capital Market's 6th Annual Best Ideas Growth Conference in New York on September 15, 2022. The event provides an opportunity for management to conduct one-on-one meetings with investors. Jerash manufactures and exports custom sportswear and outerwear for notable brands including VF Corporation, New Balance, G-III, American Eagle, and Skechers. The company operates six factories and four warehouses, employing approximately 5,800 people.

Jerash Holdings (NASDAQ:JRSH) has completed the acquisition of a 71,000 square-foot factory in Amman, Jordan, for $2.7 million. This facility houses the recently acquired MK Garments factory, which Jerash has been operating since August 2021. With this purchase, Jerash strengthens its manufacturing capabilities, catering to brands like The North Face, New Balance, and Calvin Klein. The company currently employs approximately 5,800 employees across its existing facilities, enhancing its footprint in the garments industry.

Jerash Holdings (NASDAQ:JRSH) will release its fiscal 2023 Q1 financial results on August 11, 2022, prior to market opening. An investor conference call is scheduled for the same day at 9:00 a.m. ET, accessible via phone and a live webcast. The company specializes in manufacturing and exporting ready-made sportswear and outerwear for renowned brands like VF Corporation, New Balance, and American Eagle, operating six factories and employing around 5,700 people. Further details can be found on their website.

Jerash Holdings (NASDAQ:JRSH) announced a partnership with Skechers, adding them as a key customer for their custom apparel production. The initial contract involves manufacturing approximately 500,000 women's polos annually, starting in Q3 2022. This expansion reflects Jerash's strategy to diversify its customer base and enhance its reputation as a premium garment manufacturer in Jordan. The company is well-positioned to take advantage of regional production shifts due to rising costs and tariffs in the Far East.