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Company Overview
Jerash Holdings (US) Inc manufactures and exports custom and ready-made sportswear and outerwear using high-quality knitted fabric. Specializing in apparel such as jackets, polo shirts, t-shirts, pants, and shorts, the company caters to a diversified client base including well-known brand-name retailers in the United States, Jordan, and international markets. With deep roots in the textile and apparel manufacturing industry, Jerash exemplifies expertise in custom apparel manufacturing and sportswear production.
Manufacturing and Operational Excellence
Operating production facilities from Jordan and managing a comprehensive supply chain network, the company has honed processes that ensure precise manufacturing and timely export delivery. The production facilities are strategically organized to handle both customized orders and ready-made batches, enabling the firm to maintain a high level of quality assurance while meeting the distinct demands of various global brands.
Product Portfolio
Jerash Holdings offers an extensive range of products including:
Jackets and outerwear designed for both functional performance and style
Polo shirts and crew neck shirts produced with a focus on durability and comfort
T-shirts, pants, and shorts made from knitted fabrics that ensure flexibility and a modern look
This diverse product mix allows the company to address seasonal trends and long-standing demand across multiple market segments.
Market Position and Clientele
The company maintains robust relationships with top-tier, globally recognized retailers and brand-name partners. By manufacturing for major retailers and engaging with notable brands, the company reinforces its reputation for precision, reliability, and consistent quality. This strategic client base has enabled Jerash to secure a significant presence in the US market and extend its reach into international territories.
Competitive Landscape
Jerash Holdings competes in the textile and apparel sector by leveraging advanced manufacturing techniques and a keen understanding of supply chain dynamics. Its competitive advantage stems from the ability to adapt production capacity, manage logistical challenges effectively, and continuously meet the high standards demanded by international brands. This positions the company as a reliable partner in the often volatile environment of global apparel manufacturing.
Industry Expertise and Quality Standards
With a focus on quality control and customization, Jerash integrates modern textile manufacturing practices with traditional craftsmanship. The company’s emphasis on innovation and quality allows it to navigate the complexities of production planning, operational scaling, and international regulatory compliance. By upholding rigorous quality standards, Jerash builds long-term trust with its clientele and partners.
Operational Strategies and Supply Chain Management
Recognizing the challenges posed by global logistics and supply chain fluctuations, the company has developed resilient operational strategies. These include diversified sourcing approaches, contingency planning, and agile production scheduling that help mitigate risks associated with international shipping delays or raw material shortages. Such strategic measures contribute to its operational continuity and ability to meet large-volume orders reliably.
Conclusion
Jerash Holdings (US) Inc continues to solidify its role as a pivotal player in the custom sportswear and outerwear manufacturing industry. Through comprehensive production capabilities, strong client relationships, and a commitment to quality, the company efficiently serves a wide spectrum of market segments while reinforcing its competitive edge in a dynamic industry landscape.
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.
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.
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