Jerash Hldgs Us Inc Stock Price, News & Analysis

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.

Jerash Holdings (NASDAQ:JRSH) reported strong financial results for the fiscal 2022 second quarter, ending September 30, 2021. Revenue surged by 68.8% to $45.7 million, driven by increased shipments and demand. Gross profit rose 71.8% to $10.1 million, with a gross margin of 22.1% compared to 21.7% last year. Comprehensive income reached $4.4 million or $0.39 per share, up from $2.6 million or $0.23 per share. The company anticipates fiscal 2022 revenue between $125 million and $130 million, reflecting strong demand and improved capacity.

Jerash Holdings (NASDAQ:JRSH) has announced a regular quarterly dividend of $0.05 per share, effective on or about November 29, 2021. This dividend will be payable to stockholders of record by November 22, 2021. Jerash specializes in the manufacturing and exporting of custom sportswear and outerwear for renowned global brands, including Walmart and Costco. The company operates six factory units and four warehouses and employs around 5,500 people.

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.