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 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.
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.