Jerash Hldgs Us Inc Stock Price, News & Analysis

Jerash Holdings (NASDAQ:JRSH) announced it will release its fiscal 2022 second quarter financial results on November 10, 2021, after market close. The company, known for manufacturing and exporting custom sportswear for global brands, will host a conference call on November 11, 2021, at 9:00 a.m. ET. Investors can access the call at jerashholdings.com. The announcement highlights Jerash's ongoing relationship with major retailers like Walmart and Costco, showcasing its robust manufacturing capacity with six factories and approximately 5,500 employees.

Jerash Holdings (NASDAQ:JRSH) has finalized the acquisition of Mustafa and Kamal Ashraf Trading Company (MK Garments) for approximately $2.8 million. The deal involves a 71,000 square-foot manufacturing facility in Amman, Jordan, which Jerash took over in August 2021. The acquisition enables Jerash to retain 500 employees and start production immediately for its major clients, expanding its capacity in the apparel sector. Jerash is known for manufacturing sportswear and outerwear, serving several top global brands.

Jerash Holdings (NASDAQ:JRSH) has announced a public offering of 1,000,000 shares at $7.00 per share, alongside 400,000 shares being sold by a stockholder. The offering, expected to close on October 4, 2021, includes a 30-day option for underwriters to purchase an additional 210,000 shares. Proceeds will fund expansion of production capacity and working capital. The company will not receive proceeds from the stockholder sale. This follows SEC registration statements effective from May 31, 2019, and August 23, 2021.

Jerash Holdings (NASDAQ:JRSH) announced a proposed underwritten public offering of its common stock in collaboration with Merlotte Enterprise Limited. The offering's terms are subject to market conditions, and there is no assurance on its completion or size. D.A. Davidson & Co. and Lake Street Capital Markets are the joint book-running managers. Additionally, a 30-day option for over-allotments is expected. This is part of a shelf registration effective since May 31, 2019. Forward-looking statements highlight risks associated with the offering and potential impacts on financial needs.

Jerash Holdings (NASDAQ:JRSH) held its annual stockholder meeting on September 15, 2021, where all proposed items were approved. This includes the election of five directors: Sam Choi, Kitty Yang, Ibrahim Saif, Bill Korn, and Mak Chi Yan, who will serve one-year terms until the 2022 annual meeting. Additionally, stockholders ratified Friedman LLP as the Company's independent registered public accounting firm for the fiscal year ending March 31, 2022. The company, known for manufacturing and exporting outerwear for major global brands, employs around 5,000 people.

Jerash Holdings (NASDAQ:JRSH) announced that CFO Gilbert Lee will participate in the Lake Street Capital Management's Best Ideas Growth Conference on September 15, 2021. The event will be held virtually, enabling one-on-one meetings with investors. An investor presentation will be available on the company's investor relations website. Jerash specializes in manufacturing and exporting custom sports and outerwear for major global brands such as Walmart and New Balance, employing around 5,000 people with an annual production capacity of 12 million pieces.

Jerash Holdings (JRSH) reported strong results for its fiscal 2022 first quarter, ending June 30, 2021, with a revenue of $29.9 million, up 59.8% year-over-year. Gross profit surged 84.5% to $5.6 million, improving gross margin to 18.8%. Comprehensive income reached $2.0 million or $0.17 per share, compared to $813,000 or $0.07 per share in the prior year. Fiscal 2022 revenue guidance is raised to $115 million to $120 million, supported by increased demand and capacity. However, risks related to the Delta variant of COVID-19 could impact operations.

Jerash Holdings (NASDAQ:JRSH) has announced a quarterly dividend of $0.05 per share, payable on or about August 24, 2021 to shareholders on record as of August 17, 2021. The company specializes in the manufacturing and export of custom sports and outerwear for major global brands, employing approximately 4,500 people across its facilities, with an annual capacity of 12 million pieces. This move reflects Jerash's commitment to delivering value to its shareholders while maintaining its position in the apparel industry.

Jerash Holdings (NASDAQ:JRSH) announced it will release its fiscal 2022 first-quarter financial results on August 11, 2021, before market open. The results will cover the period ending on June 30, 2021. An investor conference call will be held the same day at 9:00 a.m. ET, with a domestic dial-in number of 877-407-9210. The company produces custom and ready-made sports and outerwear for major brands, employing around 4,500 people and having an annual production capacity of 12 million pieces.