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.
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 (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.
Jerash Holdings (NASDAQ:JRSH) will announce its fiscal 2022 third-quarter financial results on February 10, 2022, before market opening. The company specializes in manufacturing custom sports and outerwear for top global brands. An investor conference call is scheduled for the same day at 9:00 a.m. ET. Interested parties can join via phone or access a live and archived webcast on Jerash's investor relations website. The company employs approximately 5,500 people across its six factories and four warehouses, working with brands like VF Corporation, New Balance, and Walmart.
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