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JRSH — Jerash Holdings (US) News Story

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Jerash Holdings Q1 revenue beats, net income rises

Overview

Jerash fiscal Q1 revenue declines to $39.6 mln but beats analyst expectations, per LSEG data

Net income rises to $324,000 from a net loss of $1.4 mln last year

Gross profit increases 31.2% to $6.1 mln, gross margin improves to 15.4%

Outlook

Manufactures and exports custom, ready-made, sportswear and outerwear for leading global brands expects Q2 revenue of $40 mln to $42 mln

Company aims for Q2 gross margin of 15-16%

Jerash anticipates added capacity to boost Q2 performance

Company cautious about tariff changes and geopolitical instability

Result Drivers

CUSTOMER DEMAND - Increased demand as companies seek alternatives manufacturing partners to China and Southeast Asia, per CEO Sam Choi

LOGISTICS EFFICIENCY - Improved logistics and production planning reduced costs, aiding operating income

CAPACITY EXPANSION - Completion of facility expansion and onboarding of additional workers to support 15% production increase

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 RevenueBeat$39.60 mln$38.90 mln (2 Analysts)
Q1 Gross Profit$6.10 mln
Q1 Operating Expenses$5.10 mln
Press Release: ID:nACSP8fbpa (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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