Jerash Holdings US Inc (JRSH)

Jerash Holdings Reports Financial Results for Fiscal 2026 Fourth Quarter and Full YearJune 15, 2026 8:00 AM
ACCESS Newswire-- Robust Fourth-Quarter Growth Caps Record Revenue Year as Profitability Accelerates --FAIRFIELD, NJ / ACCESS Newswire / June 15, 2026 / Jerash Holdings (US), Inc. (NASDAQ:JRSH) (the "Company" or "Jerash"), which manufactures and exports custom, ready-made, sportswear and outerwear for leading global brands, today announced financial results for its fiscal 2026 fourth quarter and full year ended March 31, 2026.Fiscal 2026 Fourth Quarter HighlightsRevenue increased by 46.6 percent to $42.9 million, from $29.3 million in the prior year quarter.Gross margin was 17.1 percent, compared with 17.9 percent a year ago.Operating income advanced more than fivefold to $2.3 million, from $434,000 in the prior year quarter.Net income improved significantly to $1.7 million, compared with a net loss of $144,000 last year.Fiscal 2026 Full Year HighlightsRevenue increased by 14.0 percent to a record $166.3 million, from $145.8 million in fiscal 2025.Gross margin improved to 16.1 percent, from 15.3 percent in fiscal 2025.Operating income more than quadrupled to $6.3 million, from $1.4 million in fiscal 2025.Net income improved to $3.6 million, or $0.27 per diluted share, from a net loss of $840,000, or $0.07 per share, in fiscal 2025.OutlookRevenue for the fiscal 2027 first quarter is expected to increase by 20 to 22 percent over $39.6 million in the prior fiscal year's first quarter.Gross margin for the fiscal 2027 first quarter is anticipated to be approximately 15 to 17 percent, with increased emphasis on customer diversification and reduced seasonality."Jerash closed fiscal 2026 achieving strong fourth quarter performance and record revenue for the full year, driven by rising demand from both our long-standing global brand customers and orders from newer customers over the past few years," said Sam Choi, Jerash's chairman and chief executive officer. "We have made progress toward reducing customer concentration, and along with improved production efficiencies, we managed to smooth out seasonality in the second half of fiscal 2026 to achieve higher sales and better margins. With both the Aqaba and Haifa ports fully open and operating normally during the quarter, we were also pleased to complete additional export shipments despite the seasonal impact typically associated with the month-long Ramadan and Eid al-Fitr holiday period, which began on February 19 this year."Operationally, we are expanding production and reorganizing warehouse capacity in phases at several manufacturing facilities, including our newly acquired building, to better accommodate growing customer demand. The first phase of renovation is expected to add approximately 15 percent to our capacity and accommodate 700 additional workers by the end of calendar year 2026. The remaining expansion is planned for completion by mid-calendar year 2027, which should contribute an additional 20 to 25 percent in production capacity."Our production facilities are fully booked through December 2026, ensuring a steady flow of profitable growth. Management remains focused on further improving gross margin through increased automation and enhanced production efficiencies driven by economies of scale," Choi added.Fiscal 2026 Fourth Quarter ResultsFiscal 2026 fourth quarter revenue rose by 46.6 percent to $42.9 million, from $29.3 million in the same quarter last year, primarily reflecting increased export shipments to the Company's long-standing key customers, as well as orders from newer customers, including Hansoll Group in South Korea, and others developed in recent years.Gross profit increased 40.4 percent to $7.4 million for the fiscal 2026 fourth quarter, from $5.2 million in the same quarter last year. Gross profit margin for the quarter was 17.1 percent, compared with 17.9 percent in the same period last year.Operating expenses totaled $5.0 million in the fiscal 2026 fourth quarter, compared with $4.8 million in the same quarter last year. As a percentage of revenue, total operating expenses decreased by almost 5 percentage points to 11.7 percent, from 16.4 percent in the fiscal 2025 fourth quarter. The lower expenses principally reflected improved control over export logistics costs and lower stock-based compensation.Operating income rose more than fivefold to $2.3 million in the fiscal 2026 fourth quarter, up from $434,000 in the same quarter last year.Total other expenses in the fiscal 2026 fourth quarter were $399,000, including $383,000 in interest expenses, compared with $254,000, including $371,000 in interest expenses partially offset by other income, in the prior year quarter.Income tax expenses were $270,000 in the fiscal 2026 fourth quarter, compared with $324,000 in the prior year quarter. The effective income tax rate for the fiscal 2026 fourth quarter declined to 13.9 percent, mainly due to improvements in group profitability and lower Jordan income tax rate for companies in qualified development zones under a new investment law.Net income rose to $1.7 million, or $0.12 per diluted share, for the fiscal 2026 fourth quarter, from a net loss of $144,000, or $0.01 per share, for the same quarter last year.Comprehensive income attributable to the Company's common stockholders advanced to $1.6 million in the fiscal 2026 fourth quarter, from a comprehensive loss of $49,000 in the same quarter last year.Fiscal 2026 Full Year ResultsRevenue for the full 2026 fiscal year increased by 14.0 percent to a record high $166.3 million, from $145.8 million in fiscal 2025.Gross profit for fiscal 2026 rose 20.0 percent to $26.8 million, from $22.3 million in the prior fiscal year. Gross margin for fiscal 2026 improved to 16.1 percent from 15.3 percent in fiscal 2025.Total operating expenses for fiscal 2026 were $20.5 million, compared with $20.9 million in fiscal 2025.Operating income more than quadrupled to $6.3 million for the full 2026 fiscal year, from $1.4 million in the last fiscal year.Total other expenses in fiscal 2026 were $1.6 million, compared with $1.3 million in fiscal 2025.Income tax expenses were $1.1 million for fiscal 2026, compared with $991,000 for fiscal 2025.Net income for fiscal 2026 improved by $4.5 million to $3.6 million, or $0.27 per diluted share, from a net loss of approximately $840,000, or $0.07 per share, in fiscal 2025.Comprehensive income attributable to Jerash's common stockholders improved to $3.6 million in fiscal 2026, from a comprehensive loss of $869,000 in fiscal 2025.Balance Sheet, Cash Flow and DividendsCash and restricted cash totaled $12.5 million, and net working capital was $36.7 million as of March 31, 2026. During fiscal 2026, the Company purchased a manufacturing building and associated land in Al Tajamouat Industrial City for approximately $3.4 million, financed in part with a long-term bank loan of approximately $2.8 million. The Company also obtained two new revolving credit facilities totaling up to $20.0 million, both of which were undrawn as of March 31, 2026.On May 4, 2026, the board of directors of Jerash approved a regular quarterly dividend of $0.05 per share on the Company's common stock. The dividend was paid on May 21, 2026, to stockholders of record as of May 14, 2026.Conference CallJerash Holdings will host an investor conference call to discuss its fiscal 2026 fourth quarter and full year results today, June 15, 2026, at 9:00 a.m. Eastern Time.Phone: 888-506-0062 (domestic); 973-528-0011 (international)Conference ID: 899698A live and archived webcast will be available online in the investor relations section of Jerash's website at www.jerashholdings.com. For those who are not able to listen to the live broadcast, the call will be archived for approximately one year on the website.About Jerash Holdings (US), Inc.Jerash Holdings (US), Inc. manufactures and exports custom, ready-made, sportswear and outerwear for leading global brands and retailers, including VF Corporation (which owns brands such as The North Face, Timberland, and Vans), New Balance, G-III (which licenses brands such as Calvin Klein, Tommy Hilfiger, and Nautica), Hugo Boss, American Eagle, and Acushnet (which owns brands such as Footjoy and Titleist). Jerash's existing production facilities comprise eight factory units and six warehouses, and Jerash currently employs approximately 6,300 people. Additional information is available at www.jerashholdings.com.Forward-Looking StatementsThis news release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect", "seek", "potential," "outlook" and similar expressions are intended to identify forward-looking statements. Such statements, including, but not limited to, Jerash's current views with respect to future events and its financial forecasts, and expansion of the customer base among high-profile global brands, are subject to such risks and uncertainties. Many factors could cause actual results to differ materially from the statements made, including those risks described from time to time in filings made by Jerash with the U.S. Securities and Exchange Commission. These and other risks and uncertainties are detailed in the Company's filings with the U.S. Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated or expected. Statements contained in this news release regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. Jerash does not intend and does not assume any obligation to update these forward-looking statements, other than as required by law.Contact:
PondelWilkinson Inc.
Judy Lin or Roger Pondel
310-279-5980; jlin@pondel.com# # #(tables below) JERASH HOLDINGS (US), INC., AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
For the Three Months EndedMarch 31, For the Fiscal Years EndedMarch 31,    2026 2025 2026 2025
(Unaudited) (Unaudited)






Revenue, net $42,896,842 $29,251,426 $166,263,870 $145,812,006 Cost of goods sold 35,541,194 24,012,525 139,480,501 123,492,561 Gross Profit 7,355,648 5,238,901 26,783,369 22,319,445
Selling, general and administrative expenses 4,795,599 4,464,351 19,551,781 19,114,456 Stock-based compensation expenses 223,851 341,035 904,171 1,758,146 Total Operating Expenses 5,019,450 4,805,386 20,455,952 20,872,602
Income from Operations 2,336,198 433,515 6,327,417 1,446,843
Other Income (Expense): Interest expenses (382,867) (371,469) (1,625,387) (1,719,760)Other (expenses) income, net (15,801) 117,667 45,416 424,108 Total other expenses, net (398,668) (253,802) (1,579,971) (1,295,652)
Net income before provision for income taxes 1,937,530 179,713 4,747,446 151,191
Income tax expenses 269,521 323,808 1,120,044 991,120
Net income (loss) 1,668,009 (144,095) 3,627,402 (839,929)
Net income attributable to noncontrolling interest 81,265 8,540 89,802 8,440 Net income (loss) attributable to Jerash Holdings (US), Inc.'s Common Stockholders $1,586,744 $(152,635) $3,537,600 $(848,369)
Net income (loss) $1,668,009 $(144,095) $3,627,402 $(839,929)Other Comprehensive Income (Loss): Foreign currency translation gain (loss) 992 103,670 48,369 (20,803)Total Comprehensive Income (Loss) 1,669,001 (40,425) 3,675,771 (860,732)Comprehensive income attributable to noncontrolling interest 81,265 8,540 89,802 8,440 Comprehensive Income (Loss) Attributable to Jerash Holdings (US), Inc.'s Common Stockholders $1,587,736 $(48,965) $3,585,969 $(869,172)
Earnings (Loss) Per Share Attributable to Common Stockholders: Basic $0.12 $(0.01) $0.28 $(0.07)Diluted $0.12 $(0.01) $0.27 $(0.07)
Weighted Average Number of Shares Basic 12,699,940 12,433,363 12,699,940 12,329,021 Diluted 13,285,785 12,433,363 13,188,685 12,329,021
Dividend per share $0.05 $0.05 $0.20 $0.20  JERASH HOLDINGS (US), INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
March 31,
2026 March 31,
2025


ASSETS

Current Assets:

Cash $10,764,576 $13,346,791 Accounts receivable, net 5,676,122 3,076,074 Inventories 29,956,361 27,704,829 Prepaid expenses and other current assets 3,351,655 3,648,321 Advances to suppliers, net 8,639,635 6,644,194 Total Current Assets 58,388,349 54,420,209
Restricted cash - non-current 1,702,935 1,717,248 Long-term deposits 834,686 464,934 Property, plant, and equipment, net 27,388,699 25,023,681 Goodwill 499,282 499,282 Operating lease right of use assets 1,038,563 850,172 Total Assets $89,852,514 $82,975,526
LIABILITIES AND EQUITY Current Liabilities: Credit facilities $4,902,996 $4,512,462 Accounts payable 7,167,019 6,507,308 Accrued expenses 5,528,165 4,342,436 Income tax payable - current 1,331,765 1,305,386 Uncertain tax provision - 175,290 Other payables 2,092,183 2,149,185 Deferred revenue 241,357 487,004 Bank loan - current 58,766 - Operating lease liabilities - current 319,910 339,699 Total Current Liabilities 21,642,161 19,818,770
Deferred tax liabilities, net 73 120 Operating lease liabilities - non-current 539,183 287,527 Bank loan - non current 2,762,034 - Total Liabilities 24,943,451 20,106,417
Equity Preferred stock, $0.001 par value; 500,000 shares authorized; none issued and outstanding - - Common stock, $0.001 par value; 30,000,000 shares authorized; 12,939,418 shares issued; 12,699,940 shares outstanding as of March 31, 2026 and 2025, respectively 12,939 12,939 Additional paid-in capital 26,579,006 25,674,835 Treasury stock, 239,478 shares (1,169,046) (1,169,046)Statutory reserve 413,821 413,821 Retained earnings 39,394,513 38,396,901 Accumulated other comprehensive loss (464,753) (513,122)Total Jerash Holdings (US), Inc. Stockholders' Equity 64,766,480 62,816,328
Noncontrolling interest 142,583 52,781 Total Equity 64,909,063 62,869,109
Total Liabilities and Equity $89,852,514 $82,975,526  JERASH HOLDINGS (US), INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS For the Fiscal Years Ended March 31,
2026 2025 CASH FLOWS FROM OPERATING ACTIVITIES

Net income (loss) $3,627,402 $(839,929)Adjustments to reconcile net income (loss) to net cash provided by operating activities: Depreciation 3,074,963 2,681,709 Stock-based compensation expenses 904,171 1,758,146 Credit loss (recovery), net 73,479 (17,054)Amortization of operating lease right-of-use assets 588,463 591,961 Uncertain tax provision - 175,290 Changes in operating assets: Accounts receivable (2,673,527) 2,358,493 Inventories (2,251,532) (463,257)Prepaid expenses and other current assets 296,668 (902,253)Advance to suppliers (1,995,441) (3,558,057)Deferred tax assets - 158,329 Changes in operating liabilities: Accounts payable 659,711 167,071 Accrued expenses 1,185,730 166,593 Other payables (57,002) (85,685)Deferred revenue (245,647) 476,804 Operating lease liabilities (544,988) (544,616)Income tax payable (148,106) (759,037)Deferred tax liabilities (47) 120 Net cash provided by operating activities 2,494,297 1,364,628
CASH FLOWS FROM INVESTING ACTIVITIES Purchases of property, plant and equipment (5,128,453) (951,112)Payments for construction of properties - (1,089,484)Payment for long-term deposits (665,825) (329,326)Net cash used in investing activities (5,794,278) (2,369,922)
CASH FLOWS FROM FINANCING ACTIVITIES Dividend payments (2,539,988) (2,458,968)Repayment of short-term loan (21,723,106) (14,103,935)Proceeds from short-term loan 22,113,640 18,616,397 Proceeds from long-term loan 2,820,800 - Net cash provided by financing activities 671,346 2,053,494
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND RESTRICTED CASH 32,107 (21,028)
NET (DECREASE) INCREASE IN CASH AND RESTRICTED CASH (2,596,528) 1,027,172
CASH, AND RESTRICTED CASH, BEGINNING OF THE YEAR 15,064,039 14,036,867
CASH, AND RESTRICTED CASH, END OF THE YEAR $12,467,511 $15,064,039
CASH, AND RESTRICTED CASH, END OF THE YEAR $12,467,511 $15,064,039 LESS: NON-CURRENT RESTRICTED CASH 1,702,935 1,717,248 CASH, END OF THE YEAR $10,764,576 $13,346,791
Supplemental disclosure information: Cash paid for interest $1,625,387 $1,719,760 Income tax paid $1,272,591 $1,398,684
Non-cash investing and financing activities Equipment obtained by utilizing long-term deposit $296,098 $667,567 Operating lease right of use assets obtained in exchange for operating lease obligations $765,303 $186,726 SOURCE: Jerash Holdings (US), Inc.View the original press release on ACCESS NewswireOriginal: Jerash Holdings Reports Financial Results for Fiscal 2026 Fourth Quarter and Full Year

Jerash Holdings to Present at the Planet MicroCap Las Vegas 2026 Investor ConferenceJune 8, 2026 8:00 AM
ACCESS NewswireFAIRFIELD, NJ / ACCESS Newswire / June 8, 2026 / Jerash Holdings (US), Inc. (Nasdaq:JRSH), which manufactures and exports custom, ready-made, sportswear and outerwear for leading global brands, today announced that it will be presenting at Planet MicroCap Conference on June 17, 2026 at 9 am PST at the Bellagio Resort & Hotel in Las Vegas.Gilbert Lee, the Company's chief financial officer, will host the presentation and conduct one-on-one meetings with investors during the conference.Webcast for the live presentation can be accessed through the following link:https://event.summitcast.com/view/bpjo3VVjZ25pp6SXpUua92/3ML8WJjsU5LvWHBoqu3JvB. The investor presentation will also be posted on the company's investor relations website at www.jerashholdings.com.To receive additional information please contact the Planet MicroCap Las Vegas 2026, website at https://planetmicrocap.com/.About Jerash Holdings (US), Inc.Jerash Holdings (US), Inc. manufactures and exports custom, ready-made, sportswear and outerwear for leading global brands and retailers, including VF Corporation (which owns brands such as The North Face, Timberland, and Vans), New Balance, G-III (which licenses brands such as DKNY and Nautica), Acushnet Holdings Corp (which owns the brand FootJoy), American Eagle, and Skechers. Jerash's existing production facilities in Jordan comprise six factory units and four warehouses, and Jerash currently employs approximately 6,000 people. Additional information is available at www.jerashholdings.com.# # #Contact:
PondelWilkinson Inc.
Judy Lin or Roger Pondel
310-279-5980
jlin@pondel.comSOURCE: Jerash Holdings (US), Inc.View the original press release on ACCESS NewswireOriginal: Jerash Holdings to Present at the Planet MicroCap Las Vegas 2026 Investor Conference

Jerash Holdings to Report Financial Results for Fiscal 2026 Fourth Quarter and Full Year on Monday, June 15, 2026June 5, 2026 8:00 AM
ACCESS NewswireFAIRFIELD, NJ / ACCESS Newswire / June 5, 2026 / Jerash Holdings (US), Inc. (NASDAQ:JRSH) (the "Company" or "Jerash"), which manufactures and exports custom, ready-made sportswear and outerwear for leading global brands, today announced it will release its financial results for fiscal 2026 fourth quarter and full year ended March 31, 2026, before the market opens on Monday, June 15, 2026. The Company will host an investor conference call the same day.Call Date: Monday, June 15, 2026Time: 9:00 a.m. ETPhone: 888-506-0062 (domestic); 973-528-0011 (international)Conference ID: 396998A live and archived webcast will be available online in the investor relations section of Jerash's website at www.jerashholdings.com. For those who are not able to listen to the live broadcast, the call will be archived for approximately one year on the website.About Jerash Holdings (US), Inc.Jerash Holdings (US), Inc. manufactures and exports custom, ready-made, sportswear and outerwear for leading global brands and retailers, including VF Corporation (which owns brands such as The North Face, Timberland, and Vans), New Balance, G-III (which licenses brands such as DKNY and Nautica), Acushnet Holdings Corp (which owns the brand FootJoy), American Eagle, and Skechers. Jerash's existing production facilities in Jordan comprise six factory units and four warehouses, and Jerash currently employs approximately 6,000 people. Additional information is available at www.jerashholdings.com.Contact:
PondelWilkinson Inc.
Judy Lin or Roger Pondel
310-279-5980
jlin@pondel.comSOURCE: Jerash Holdings (US), Inc.View the original press release on ACCESS NewswireOriginal: Jerash Holdings to Report Financial Results for Fiscal 2026 Fourth Quarter and Full Year on Monday, June 15, 2026

Jerash Holdings (US), Inc. Declares Quarterly DividendMay 4, 2026 8:00 AM
ACCESS NewswireFAIRFIELD, NJ / ACCESS Newswire / May 4, 2026 / Jerash Holdings (US), Inc. (Nasdaq:JRSH) (the "Company" or "Jerash"), which manufactures and exports custom, ready-made, sportswear and outerwear for leading global brands, announced today that its board of directors approved the payment of a regular quarterly dividend of $0.05 per share on the Company's common stock. The dividend is payable on or about May 21, 2026 to the stockholders of record as of May 14, 2026.About Jerash Holdings (US), Inc.Jerash Holdings (US), Inc. manufactures and exports custom, ready-made, sportswear and outerwear for leading global brands and retailers, including VF Corporation (which owns brands such as The North Face, Timberland, and Vans), New Balance, G-III (which licenses brands such as DKNY and Nautica), Acushnet Holdings Corp (which owns the brand FootJoy), American Eagle, and Skechers. Jerash's existing production facilities comprise six factory units and four warehouses, and Jerash currently employs approximately 6,000 people. Additional information is available at www.jerashholdings.com.# # #Contact:PondelWilkinson Inc.
Judy Lin or Roger Pondel
310-279-5980
jlin@pondel.comSOURCE: Jerash Holdings (US), Inc.View the original press release on ACCESS NewswireOriginal: Jerash Holdings (US), Inc. Declares Quarterly Dividend

Jerash Holdings (US), Inc. Declares Quarterly DividendFebruary 3, 2026 8:00 AM
ACCESS NewswireFAIRFIELD, NJ / ACCESS Newswire / February 3, 2026 / Jerash Holdings (US), Inc. (Nasdaq:JRSH) (the "Company" or "Jerash"), which manufactures and exports custom, ready-made, sportswear and outerwear for leading global brands, announced today that its board of directors approved the payment of a regular quarterly dividend of $0.05 per share on the Company's common stock. The dividend is payable on or about February 20, 2026, to the stockholders of record as of February 13, 2026.About Jerash Holdings (US), Inc.Jerash Holdings (US), Inc. manufactures and exports custom, ready-made, sportswear and outerwear for leading global brands and retailers, including VF Corporation (which owns brands such as The North Face, Timberland, and Vans), New Balance, G-III (which licenses brands such as DKNY and Nautica), Acushnet Holdings Corp (which owns the brand FootJoy), American Eagle, and Skechers. Jerash's existing production facilities comprise six factory units and four warehouses, and Jerash currently employs approximately 6,000 people. Additional information is available at www.jerashholdings.com.# # #Contact:PondelWilkinson Inc.
Judy Lin or Roger Pondel
310-279-5980
jlin@pondel.comSOURCE: Jerash Holdings (US), Inc.View the original press release on ACCESS NewswireOriginal: Jerash Holdings (US), Inc. Declares Quarterly Dividend

Jerash Holdings to Report Financial Results for Fiscal 2026 Third Quarter on Monday, February 9, 2026January 30, 2026 8:00 AM
ACCESS NewswireFAIRFIELD, NJ / ACCESS Newswire / January 30, 2026 / Jerash Holdings (US), Inc. (NASDAQ:JRSH) (the "Company" or "Jerash"), which manufactures and exports custom, ready-made sportswear and outerwear for leading global brands, today announced it will release its financial results for fiscal 2026 third quarter ended December 31, 2025, before the market opens on Monday, February 9, 2026. The Company will host an investor conference call the same day.Call Date: Monday, February 9, 2026
Time: 9:00 a.m. ET
Phone: 888-506-0062 (domestic); 973-528-0011 (international)
Conference ID: 422515A live and archived webcast will be available online in the investor relations section of Jerash's website at www.jerashholdings.com. For those who are not able to listen to the live broadcast, the call will be archived for approximately one year on the website.About Jerash Holdings (US), Inc.Jerash Holdings (US), Inc. manufactures and exports custom, ready-made, sportswear and outerwear for leading global brands and retailers, including VF Corporation (which owns brands such as The North Face, Timberland, and Vans), New Balance, G-III (which licenses brands such as DKNY and Nautica), Acushnet Holdings Corp (which owns the brand FootJoy), American Eagle, and Skechers. Jerash's existing production facilities in Jordan comprise six factory units and four warehouses, and Jerash currently employs approximately 6,000 people. Additional information is available at www.jerashholdings.com.# # #Contact:PondelWilkinson Inc.
Judy Lin or Roger Pondel
310-279-5980
jlin@pondel.comSOURCE: Jerash Holdings (US), Inc.View the original press release on ACCESS NewswireOriginal: Jerash Holdings to Report Financial Results for Fiscal 2026 Third Quarter on Monday, February 9, 2026

$JRSH: Sudden surge to 7.70



BOOOOOOOOooooooooooooommmmmmmmmmmmm




Jerash Holdings buys manufacturing factory; forecasts annual production to increase by 20%



Jerash Holdings' (NASDAQ:JRSH) subsidiary has signed a definitive agreement with MK Garments MFG Co. Jordan to acquire Mustafa and Kamal Ashraf Trading Company for ~$2.8 million in cash.
As per the terms, Jerash will assume the manufacturing licenses and existing physical operations of MK Garments, including all machinery equipment, 500 employees, and a dormitory.
The new facility is expected to enable Jerash to produce approximately 2.5 to 3.5 million additional garments per year, adding about 20% to Jerash's current annual capacity.
The transaction is anticipated to close in August 2021.



GO $JRSH

Down under $5

$5.89 New company presentation

https://seekingalpha.com/article/4312465-jerash-jrsh-investor-presentation-slideshow

HMMMM looks like everyone voted to hand out more share to each other...

At the Annual Meeting of Stockholders of Jerash Holdings (US), Inc. (the “Company”) held on September 16, 2019, the stockholders voted to approve the amendment and restatement of the Company’s Amended and Restated 2018 Stock Incentive Plan (the “Amended Plan”). The Amended Plan amended the existing 2018 Stock Incentive Plan to (1) increase the number of shares of the Company’s common stock available for grant under the Amended Plan by 300,000 to 1,784,250, (2) extend the termination date of the Amended Plan to July 19, 2029, (3) enhance aspects of the plan’s governance, such as applying the same restrictions to dividends paid on restricted stock awards and restricted stock units as the underlying award and limiting the shares that can be returned to the share reserve under the Amended Plan, (4) provide for administration by the Compensation Committee, and (5) update other administrative terms in the Plan.

$8 eom

Is this the earnings that gets JRSH PPS into double digits finally?

ROCHESTER, NY / ACCESSWIRE / January 28, 2019 / Jerash Holdings (US), Inc. (NASDAQ: JRSH) (the "Company") announced that it will release financial results for its fiscal 2019 third quarter, which ended December 31, 2018, on Friday, February 8, 2019 before the market open. The company will subsequently conduct a conference call and webcast to review its results at 10:30 a.m. Eastern Time.

Interested parties in the United States can access the live call by dialing 888-428-7458; interested parties outside the United States can access the call by dialing +1-862-298-0702. The conference ID is 42611. Callers should dial in at least 5 minutes prior to the call start time.

A live and archived webcast will be available online in the investor relations section of Jerash's website at www.jerashholdings.com. A replay of the conference call will be available until February 15, 2019, by calling 877-481-4010 from the United States or +1-919-882-2331 from outside the United States and entering conference ID number 42611.

Printing $7.25 in AH..just the start!

Jerash Signs Agreement to Add Additional Manufacturing Capacity, New Orders for 800,000 Pieces

ACCESSWIRE•January 23, 2019

Facility Expected to Add 1.5 to 1.8 Million Pieces of Annual Capacity Commencing April 2019

ROCHESTER, NY / ACCESSWIRE / January 23, 2019 / Jerash Holdings (US), Inc. (JRSH) (the "Company"), a producer of high quality textile goods for leading global brands, today announced that it signed an agreement to operate its fourth manufacturing facility in Al Tajamouat Industrial City, a Qualified Industrial Zone located in Amman, Jordan. The acquisition is expected to close in the fourth quarter of the fiscal year ended March 31, 2019. Upon the closing of the acquisition, the facility is expected to add 1.5 to 1.8 million pieces per year to Jerash's current annual capacity of approximately 6.5 million pieces, an increase of up to 27 percent annually.

Sam Choi, the Chief Executive Officer of Jerash and Chairman of the Jerash Board of Directors stated: ''We have been persistently overbooked in our existing facilities due to high demand with current customers and a number of new customers desiring to work with Jerash. These customers have asked us to further increase production capacity at Jerash due to our compelling production quality, on time delivery, and attractive economic advantages. We are excited to announce this anticipated expansion of our manufacturing capacity by 1.5 million to 1.8 million pieces per year at a very favorable cost to Jerash."

Choi continued: "We are also pleased to announce two new customer orders totaling more than 800,000 pieces associated with this expansion, which we expect to commence in April. In order to meet this immediate demand, we are coordinating with the Jordanian government to assume the necessary government certificates and contract guarantees for workers scheduled to arrive in the first calendar quarter for work at this facility under the prior owner. These workers will now be employed by Jerash, ensuring they have stable employment, quality housing and a rewarding, safe work environment as part of our growing team and providing rapid capacity acceleration for our customers."

The new facilities are an existing garment manufacturing operation adjacent to Jerash's three largest manufacturing centers. Jerash will assume the building lease from the prior owner and pay approximately $380,000 for all of the outstanding shares of Al-Mutafaweq Co. for Garments Manufacturing Ltd., the previous operator of the facility. Additionally, Jerash is coordinating with the Jordanian Ministry of Industry and Trade, Ministry of Labor and Customs Department to assume the existing compliance certificates and workplace certifications, including the facility's Better Work Jordan credentials. Terms of the transaction call for two additional milestone payments, totaling up to $600,000 to be paid by Jerash upon taking over the dormitory facilities and assuming control of a satellite sewing facility associated with the acquired facilities. Jerash intends to further invest in machinery, dormitory expansion and facility audits to support additional growth at the new facility.

Jerash is a global enterprise headquartered in Rochester, New York, with offices in Hong Kong and manufacturing facilities located in a United States Qualifying Industrial Zone (QIZ) in Jordan, which provides for duty-free movement of industrial goods between Jordan and the US, provided the goods meet certain manufacturing and content requirements. Additionally, Jerash is engaged in a number of socially responsible initiatives designed to ensure safe, rewarding employment practices of global textile workers and employs Syrian refugees housed in United Nations camps in Jordan.

Tapping $7 today!

Jerash Announces New Corporate Headquarters in Rochester, New York

January 11, 2019

Since Release

$6.20

0.06

0.98%

NEW YORK, NY / ACCESSWIRE / January 11, 2019 / Jerash Holdings (US), Inc. (NASDAQ: JRSH) (the "Company"), a producer of high quality textile goods for leading global brands, today announced that it has moved its corporate headquarters to Rochester, New York, selecting a location the Sibley Square development in the heart of the city. The company previously based its headquarters in New York City. The headquarters move is estimated to save more than $600,000 in annual taxes assessed due to the prior headquarters location in New York City.

In addition to its Rochester, New York headquarters, Jerash maintains offices in Hong Kong and manufacturing facilities located in a United States Qualifying Industrial Zone (QIZ) in Jordan, which provides for duty-free movement of industrial goods between Jordan and the US provided they meet certain manufacturing and content requirements. Additionally, Jerash is engaged in a number of socially responsible initiatives designed to ensure safe, rewarding employment practices of global textile workers and providing employment to Syrian refugees housed in United Nations camps in Jordan.

About Jerash Holdings (US), Inc.

Jerash Holdings (US), Inc. (NASDAQ: JRSH) is a manufacturer utilized by many well-known brands and retailers, such as Walmart, Costco, Sears, Hanes, Columbia, Land's End, VF Corporation (which owns brands such as The North Face, Nautica, Timberland, Wrangler, Lee, Jansport, etc.), and Philip-Van Heusen (which owns brands such as Calvin Klein, Tommy Hilfiger, IZOD, Speedo, etc.). Its production facilities are made up of three factory units and two warehouses and currently e

Jerash Announces Manufacturing Orders with Fortune 500 Sporting Goods Retailer

NEW YORK, NY / ACCESSWIRE / December 4, 2018 / Jerash Holdings (US), Inc. (NASDAQ: JRSH) (the ''Company''), a producer of high quality textile goods for leading global brands, today announced that it has secured orders with a Fortune 500 sporting goods retailer as a new manufacturing customer. The store manages both licensed and in-house brands as part of its retail portfolio.

Sam Choi, Chairman of Jerash stated: ''We are excited to add another leading logo to our customer list through this new relationship. This customer has grown into a U.S. leader in sporting goods and apparel retail through a dedication to great quality and customer service, values shared by Jerash in our relationships. We look forward to working to grow this new account into one of our leading customers.''

Jerash's Jordanian manufacturing facilities are located in a United States Qualifying Industrial Zone (QIZ), which provides for duty-free movement of industrial goods between Jordan and the US provided they meet certain manufacturing and content requirements. Additionally, Jerash is engaged in a number of socially responsible initiatives designed to ensure safe, rewarding employment practices of global textile workers and providing employment to Syrian refugees housed in United Nations camps in Jordan.

NEW YORK, NY / ACCESSWIRE / December 7, 2018 / Lake Street Capital Markets Analyst Mark Argento initiated coverage of Jerash Holdings (US), Inc. (NASDAQ: JRSH), with a BUY rating and price target of $11.00. Jerash is a manufacturer utilized by many well-known brands and retailers, such as The North Face, Columbia, VF Corporation, Philip-Van Heusen, Walmart, Costco, Land's End, and others. Its production facilities are made up of three factory units and two warehouses with total annual capacity of approximately 6.5 million pieces. Jerash's Jordanian manufacturing facilities are located in a United States Qualifying Industrial Zone (QIZ), which provides for duty-free movement of industrial goods between Jordan and the US provided. Additionally, Jerash is engaged in a number of socially responsible initiatives designed to ensure safe, rewarding employment practices of global textile workers and providing employment to Syrian refugees housed in United Nations camps in Jordan. Additional information is available at http://www.jerashholdings.com.

Contact:
Matt Kreps, Darrow Associates Investor Relations
(214) 597-8200
mkreps@darrowir.com

JRSH CAHRT looks good going into earnings next month.

JRSH Earnings & DD Record Qtr 33.5 Mill in Rev''s $0.41 Per Share GAAP Net Income, $0.59 Per Share Adjusted EBITDA

Guides for 50% growth year over year 2nd half of this fiscal year.

Current market cap 92 Million with 11.1 Million shares out and 80% Insider owned leaving a very low float under 2.2 million shares.

Financials

Fiscal year 2018 sales 69.2 Million with net income of $10.4 million dollars includes $1.4 million in taxes due to U.S tax law changes.

Fiscal year 2019 6 months sales of 51.8 Million & adjusted EBITDA of $9.3 million dollars. with current guidance adjusted EBITDA for full year approximately $1.25 per share.

Current guidance for full year fiscal 2019 is 80 to 82 million dollars all Organic growth. Also keep in mind the seasonality of JRSH business with the first half getting over 60% of sales each year. Last year the 2nd half produced $20.3 million in sales & with projected $31 million for this years 2nd half giving JRSH 50% year over year growth in the next 2 quarterly reports. Again being all organic without any new acquisitions which will happen without a doubt according to management statements this is from today's press release

"In order to meet customer demand indications in excess of our expected capacity, we are aggressively advancing our strategic expansion efforts, including the addition of contract and joint venture capacity. Most importantly, we are evaluating strategic acquisition opportunities that would immediately expand our total annual production capacity in Jordan and abroad. We anticipate that as this capacity is added, it will immediately be filled by both existing and new customers proactively seeking to take advantage of Jerash's high-quality production and tariff-free status."


Balance Sheet

Incredible balance sheet boasting over $30 million in cash NO long term debt & this Qtr generated $8.9 million in cash.JRSH net tangible assets after debt growing each & every quarter. Going back to 2015 where it stood at $7.2 million dollars to our just released 2nd quarter where net tangible assets after debt totaled $49.8 million dollars or $4.49 a share. JRSH carries NO intangible assets or any goodwill on their balance sheet.

Guidance

as stated earlier the 15 to 18% growth is all organic but this will change very soon as they have orders in excess of their current capacity including the new 8% additional capacity coming online the beginning of 2019.

Management has expressed the urgency to get additional capacity online ASAP. With their hefty $30 million dollar cash position & the recent increase in shares authorized from 15 million to 30 million coupled with no long term debt leaves JRSH in a very strong position to add sizeable manufacturing capacity.

Gross margin guidance is 27 to 28% with basically fixed SG&A costs of approximately 2 million dollars a quarter.

Customers

JRSH has been producing high quality garments for tier 1 customers for some time & additionally being in a tariff free quota free restriction free zone to the U.S.A & last December added the E.U.

JRSH truly shines here boasting tier one customers most notably their largest customer is North Face outer wear followed by Columbia, Hanes, Nautica & others.

Tariff Free trade zone

JRSH benefits from exemptions from customs duties and import quotas due to the Jerash’s location in Al Tajamouat Industrial City, a QIZ in Amman, Jordan, and the free trade agreements with the United States and the EU. Under the trade agreement between Jordan and the U.S., goods produced in QIZ areas can directly access U.S. markets without tariff or quota restrictions if they satisfy certain criteria

How important is this ? " Sam Choi, Chairman of Jerash stated: ''By manufacturing in Jordan, Jerash's customers save millions in import duties each year, which we believe can be 30% or more of the cost to produce a garment item"

In October JRSH put out a press release relating to increased new order demand from current and multiple new customers in regards to tariffs on goods produced in Asia & specifically in China.

https://finance.yahoo.com/news/china-tariff-concerns-drive-increased-103000822.html

King of Jordan visit to Jerash manufacturing link

http://www.jordantimes.com/news/local/king-joins-workers-garment-factory-labour-day-celebration

Investor Presentation link

https://s3.amazonaws.com/cdn.irdirect.net/PIR/1093/2995/JRSH-IR-Presentation%20Redesign%20V3.pdf

Link to corporate overview video

https://irdirect.net/JRSH/corporate_document/2126

In closing at 6X's EPS with a pristine balance sheet and the tools to really add large growth very soon.trading at 1X's sales makes JRSH cheap by virtually any metric you wish to use. Having tariff free status saves their customers millions of dollars each year & with growing uncertainty & much higher costs in China no wonder business outlook is so strong. Management has been very attentive to shareholder questions with easy access via

IR spokesman Matt Kreps 214-597-8200

CFO Richard Shaw 315-727-6791

I wish JRSH hit 4 than I can loaded! Waiting!

All the middle-class of Jordan should jump on board, remortgage their homes and buy the crap out of Jerash Holdings.

selfishly speaking

$JRSH strong guidance. Q2 rev guide is ~2x Q1 revs. Wow.

This is a $15+ stock. Minimum

Nice day. let's see what next week brings. hung onto full.

my PT is $'s higher

Chart shaping up nicely. Indicators curling and vortex cross $Jrsh
https://www.tradingview.com/x/upTlJjg3/

Added some today. ER coming up on Aug 14 pre mkt

JRSH announces more orders.

https://www.accesswire.com/508527/Jerash-Announces-Additional-Customer-Orders-for-670000-Pieces

Added 6.44 and 6.04 now up to 1 position. add slowly on downtrends...

first buy $6.96 with plenty of room to add more on a dip

Jumped in first buy $5.91...wait and see where it bottoms now.

Added some today in low $6s $JRSH

I got in after the earnings. Been adding on low vol dips. Plan to hold into high teens or higher. $JRSH

This company looks like it may be a gem. Noticed on Stocktwits the number of watchers has slowly increased to 101 from 60. Should get a lot of eyes on it if the e/r is good tomorrow. Very strong growth and EPS. Most undervalued with a low price to sales of 1.41. It should be double at 2.8 with a price in the $16 buck range. We shall see.

The King of Jordan visited the facilities and took a tour. He celebrated with the company as it was the first company from Jordan to be listed on the Nasdaq:

https://www.facebook.com/280867815729634/photos/pcb.389669114849503/389659444850470/?type=3&theater

Im holding jrsh and looking forward to upcoming financials...should be great...

Nice DD...thanks!

No tariffs for this company's produced goods... a profitable and growing business.... 1.5 million float... no body knows about this company....earnings next week. If all the usual chat rooms "discover this company next week, who knows what could happen. Very exciting times ahead.

Primarily manufactures outerwear for high profile, international brands - Profitable company with strong organic growth - Dedicated to high levels of quality control and meeting international manufacturing standards - Overseas production facilities located within a special free-trade zone allowing sales to the U.S. without tariff or quota restrictions - Received EU free tariff privilege in December 2017 - Completion of factory expansion in 2017 increased capacity to accommodate additional growth - Full package production operations allow company to capture value from entire manufacturing production chain (sourcing, logistics, cut, make, trim, embroidery, finishing, inspection, and packaging) - Strong development capabilities in converting designs to mass production.

Jerash Begins Trading on NASDAQ

First Jordanian Company to List on Nasdaq Now Trading Under the Symbol JRSH

NEW YORK, NY / ACCESSWIRE / May 7, 2018 / Jerash Holdings (US), Inc. (NASDAQ: JRSH) (the "Company"), a producer of high quality textile goods for leading global brands, has commenced trading of its common stock on the Nasdaq Capital Market under the symbol JRSH.

Highlights:

Jerash is believed to be the first Jordanian company to list on a major US exchange. The company recently completed its IPO, raising more than $10 million in growth capital.

Jerash is principally engaged in the manufacturing and exporting of customized, ready made sport and outerwear goods from knitted fabrics.
The company provides manufacturing services utilized by many well-known brands and retailers, such as Walmart, Costco, Sears, Hanes, Columbia, Land's End, VF Corporation (which owns brands such as The North Face, Nautica, Timberland, Wrangler, Lee, Jansport, etc.), and Philip-Van Heusen (which owns brands such as Calvin Klein, Tommy Hilfiger, IZOD, Speedo, etc.).

Jerash's facilities and workforce are located within a special free
trade zone allowing sales to the U.S. without tariff or quota restrictions.

The company owns three factory units and two warehouses and employs approximately 2,700 people. The total annual capacity at its facilities is approximately 6.5 million pieces.

The company is engaged in socially responsible employment practices, including the provision of jobs to Syrian refugees residing in Jordan. Jerash maintains a number of Jordanian and international certifications attesting to its production and workforce programs.

Revenue in Fiscal 2017, ended March 31, 2017, was $62.0 million, an increase of 18% year over year, and net profit was $10.6 million.
Through the first nine months of fiscal 2018, Jerash has reported revenue of $60.4 million, and net income of $11.4 million.
The company expects to report its financial results for Fiscal 2018, which ended March 31, 2018, in June.

On May 2, the company announced the closing of its "best efforts" initial public offering of common stock, at a price of $7.00 per share (the "offering"). The Company sold the maximum amount of shares in the oversubscribed offering, or 1,430,000 shares, for total gross proceeds to the Company of approximately $10,010,000 before deducting offering expenses. The company intends to use the proceeds of the offering as growth capital to build or acquire additional production capacity to meet rising demand for its production services.

A registration statement relating to these shares was declared effective by the Securities and Exchange Commission on March 14, 2018 (File No. 333-222596). The offering was made only by means of a written prospectus forming part of the registration statement. The final prospectus and any prospectus supplements relating to the offering are also available on the SEC's website at http://www.sec.gov. This press release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Jerash Holdings (US), Inc.

Jerash Holdings (US), Inc. (NASDAQ: JRSH) is a manufacturer utilized by many well-known brands and retailers, such as Walmart, Costco, Sears, Hanes, Columbia, Land's End, VF Corporation (which owns brands such as The North Face, Nautica, Timberland, Wrangler, Lee, Jansport, etc.), and Philip-Van Heusen (which owns brands such as Calvin Klein, Tommy Hilfiger, IZOD, Speedo, etc.). Its production facilities are made up of three factory units and two warehouses and employ approximately 2,700 people. The total annual capacity at its facilities is approximately 6.5 million pieces. Additional information is available at http://www.jerashholdings.com.

Contact:

Richard J. Shaw, Chief Financial Officer
(315) 727-6791
richard.shaw@jerashholdings.com

Matt Kreps, Darrow Associates Investor Relations
(214) 597-8200
mkreps@darrowir.com

SOURCE: Jerash Holdings (US) Inc.

This recent IPO, is a strong, growing, profitable company providing clothing to major retail operations from Jordan, a free trade zone (Trump, China, and EU tariffs don't apply). The micro-float, about 1.5 million shares, and the company flying under the trader/investor radar, makes this company a prime target for a run imo. Building a position in the 8's and 9's as we speak.

View the investor presentation:

https://s3.amazonaws.com/cdn.irdirect.net/PIR/1093/2598/Jerash%20Final%20Investor%20Presentation%203.14.18.PDF