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.
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.
Jerash Holdings (JRSH) reported a 58.9% increase in revenue to $143.4 million for fiscal 2022, with net income rising 90.8% to $7.9 million, or $0.67 per share. Fourth quarter revenue also grew 30.1% to $30.9 million, although gross margin fell to 15.1% due to lower jacket orders and higher shipping costs. The company anticipates first quarter revenue for fiscal 2023 to be between $33 million and $35 million, but expects continued margin pressures.
Jerash Holdings (NASDAQ:JRSH) will announce its financial results for the fiscal year ending March 31, 2022, on June 23, 2022, before market opening. An investor conference call is scheduled for the same day at 9:00 a.m. ET. Jerash manufactures and exports custom sportswear and outerwear for major global brands, employing approximately 5,700 individuals across six factory units and four warehouses.
Live and archived webcasts will be accessible through the investor relations section of its website.
Jerash Holdings (Nasdaq:JRSH) announced a share repurchase program totaling $3.0 million, effective until March 31, 2023. The board's decision indicates confidence in the company's short- and long-term prospects. Share repurchases will occur through various methods including open market transactions and may be adjusted based on market conditions. Jerash, known for manufacturing and exporting sportswear for major brands, emphasizes its strong cash position to support this investment and return value to shareholders.
Jerash Holdings (NASDAQ:JRSH) has announced a quarterly dividend of $0.05 per share, payable around June 3, 2022, to shareholders on record by May 27, 2022. The company, a manufacturer of custom, ready-made sportswear and outerwear, supplies major global brands such as VF Corporation, New Balance, and Walmart. Jerash operates six factories and four warehouses, employing approximately 5,500 people.
Jerash Holdings (NASDAQ:JRSH), a prominent manufacturer and exporter of sportswear and outerwear, has announced a significant new partnership with Timberland, part of VF Corporation. The agreement includes an initial order of approximately 200,000 pieces of fleece outerwear, reflecting Jerash's expertise and prior collaborations with high-profile brands like The North Face. This contract marks an important addition to Jerash's branded customer roster, showcasing its manufacturing capabilities in Jordan.
Jerash Holdings (NASDAQ:JRSH) will present at the D.A. Davidson Consumer Growth Conference on March 10, 2022, at 9:30 a.m. ET. Presenters include Eric Tang, Head of Jordan Operation, and Gilbert Lee, Chief Financial Officer. The conference presentation will be available to view live and archived through Jerash's website. The company is a major manufacturer and exporter of sportswear and outerwear for global brands, employing about 5,500 people across six factories and four warehouses.
Jerash Holdings (JRSH) reported a record revenue of $36.8 million for Q3 fiscal 2022, marking a 78.2% increase year-over-year, along with a gross profit of $6.9 million, a 186.7% rise. The gross margin expanded to 18.8% from 11.7%. Net income soared to $1.7 million ($0.13 per diluted share), compared to $94,000 ($0.01 per diluted share) last year. Guidance for Q4 revenue is projected between $29 million and $31 million, up from $23.8 million in Q4 FY2021. The company also declared a quarterly dividend of $0.05 per share.
Jerash Holdings (NASDAQ:JRSH) has announced a quarterly dividend of $0.05 per share, payable on February 22, 2022, to stockholders of record as of February 15, 2022. This decision reflects the company's commitment to returning value to its shareholders. Jerash is a key manufacturer of custom sportswear and outerwear for renowned global brands, employing approximately 5,500 people across its facilities. The company collaborates with major retailers such as VF Corporation, New Balance, and Walmart, demonstrating its significant market presence.