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 (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.
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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.
Jerash Holdings (NASDAQ:JRSH) will announce its fiscal 2023 third-quarter financial results on February 13, 2023, before market opening. The results will cover the period ending December 31, 2022. An investor conference call is scheduled for the same day at 9:00 a.m. ET, accessible via phone or webcast. Jerash specializes in manufacturing and exporting custom sportswear and outerwear for major brands, employing around 5,000 people and operating with a production capacity of approximately 14 million pieces annually. For further details, visit jerashholdings.com.
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.