What is Jerash Holdings's gross profit margin?

What does Jerash Holdings do and what are its main business segments?

What guidance did Jerash Holdings's management provide for the next earnings period?

What factors drove the changes in Jerash Holdings's revenue and profit?

What is Jerash Holdings's latest dividend and current dividend yield?

What were the key takeaways from Jerash Holdings's earnings call?

What is the revenue and EPS growth rate for Jerash Holdings year over year?

What is the market's earnings forecast for Jerash Holdings next quarter?

- **Revenue Surge**: 18% Q3 growth to $41.8M, fueled by new Korean partner and U.S. customers.
- **Capacity Leap**: $5M investment to boost production by 40%, targeting 2026 completion.
- **Margin Boost**: Gross profit up 31% to $7M (16.9% margin), driven by high-volume orders.
- **Strategic Expansion**: Rural factories to reduce costs and meet labor goals, with 5-10% capacity gains.
- **Dividend Signal**: $0.05/share payout reflects confidence in cash flow stability.

**【CEO Summary Section】**
- **Revenue Growth and Strategic Partnerships**: Q3 revenue rose 18% to $41.8 million, driven by new orders from Hansoll Textile in Korea and existing U.S. customers. The collaboration with Hansoll involves producing 3 million girls' shorts for a U.S. retail giant.
- **Capacity Expansion**: Acquired a 184,000 sq.ft. manufacturing facility in Jordan for $2.8 million, with plans to invest $5 million in renovations and equipment. This will increase capacity by 40% by end-2026 and employ up to 2,500 workers.
- **Diversification Strategy**: Expanding into rural Jordan with 2 smaller satellite factories (5-10% capacity) to reduce costs and meet Ministry of Labor goals. Long-term plan to double production capacity in 5 years.

**【CFO Financial Commentary】**
- **Profit Performance**: Gross profit up 31% to $7 million (16.9% margin vs. 15.2% prior year), driven by high-volume orders and economies of scale. Operating income tripled to $1.9 million.
- **Financial Guidance**: Q4 2026 revenue expected to grow 23-26%, with gross margin 14-16%. Dividend of $0.05/share declared, reflecting confidence in cash flow.
- **Liquidity Management**: $13.2 million cash on hand as of Dec 2025. New $5 million loan (8-year term) for renovations, with 1-year principal repayment grace period.

**【Q&A Highlights】**
- **Political Risk Mitigation**: Jordanian government assures stability despite regional tensions. Aqaba port operations remain unaffected, with no shipping disruptions.
- **Customer Dynamics**: Pricing pressure from VF Corp. offset by lower fabric/trim costs. New customers require upfront cash investment, but long-term contracts justify the risk.
- **Tax Strategy**: Effective tax rate normalized to 25-30% post one-time adjustments. Engaging tax consultants for future savings.
- **Debt Financing**: $8 million in long-term debt (8% interest) for facility acquisition and renovations. Smaller factories financed via government subsidies.


Jerash Holdings (US), Inc. (JRSH) Q3 2026 Earnings Call Transcript

- **Capacity Expansion Success**: 15% production increase met demand, with 5-10% further expansion planned for Q2 2026.
- **Customer Diversification**: New orders from Hansoll Textile and U.S. retailers drive 4.3% revenue growth to $42 million.
- **Gross Margin Strategy**: Targets 20% margin via automation, despite Q2 2026 margin decline to 15%.
- **Tariff Advantage**: 15% U.S. tariff rate vs. 20-60% Asian competitors enables customer shifts from China/India.
- **Q3 Guidance**: 19-21% revenue growth, 13-15% gross margin, with Q4 orders fully booked through February 2026.

**【CEO Summary Section】**
- CEO highlights Jordan as a strategic manufacturing hub with 15% production capacity expansion completed in Q2 2026, supporting demand from global customers.
- Announces long-term expansion plan including potential land development and factory acquisitions to meet growing capacity requests.
- Emphasizes diversification of customer base and product mix, targeting 20% gross margin through automation and economies of scale, though near-term margins may decline.
- Notes geopolitical and tariff risks as key monitoring areas.

**【Eric Tang - Jordan Operations】**
- Reports successful completion of 3.7 million pair girl shorts collaboration with Hansoll Textile, with second phase shipping scheduled for November 2025.
- Discusses ongoing logistics normalization and increased order projections for 2026, with capacity fully booked through February 2026.
- Details 5-10% production capacity expansion via Jordanian Ministry of Labor partnership, expected Q2 2026 completion.

**【CFO Financial Commentary】**
- Q2 2026 revenue $42 million (+4.3% YoY), driven by U.S. customer shipments and diversified customer base.
- Gross margin 15.0% (-250bps YoY) due to lower-margin product mix and customer diversification.
- Operating expenses $5.2 million (-12% YoY) from cost control, with net income $0.04 per share.
- Q3 2026 guidance: revenue +19-21% YoY, gross margin 13-15%.
- Cash position $13.7 million, inventory $26.3 million (+30% YoY) due to raw material procurement for upcoming orders.

**【Q&A Highlights】**
- **Revenue Growth Breakdown**: 15% from capacity expansion, remainder from demand increase (Gilbert Lee).
- **Gross Margin Path**: 20% target achievable in several years via automation and scale, with Q3 2026 margin stabilization efforts (Gilbert Lee).
- **Customer Shifts**: Orders migrating from China and India due to U.S. tariffs, with Europe business growing on 0% EU tariffs (Eric Tang).
- **Q4 Outlook**: Stronger than historical seasonality with orders booked through February 2026 (Gilbert Lee).

Jerash Holdings (US), Inc. (JRSH) Q2 2026 Earnings Call Transcript

- **Tariff Advantage**: 15% U.S. tariff on Jordan vs. 20-60% for Asian competitors; U.S. in talks to reduce to 10%.
- **Gross Margin Surge**: 31.2% YoY increase in gross profit to $6.1M, driving 15.4% margin (vs. 11.3% last year).
- **Hansoll Win**: Secured $3.2M production contract with South Korea's Hansoll, with potential 2026 expansion discussions.
- **Capacity Expansion**: 15% incremental capacity starting Q2 via Amman upgrades, 5-10% via gov't-backed Al-Hasa project.
- **Profit Recovery**: Net income turned positive at $324K (vs. -$1.4M YoY), with Q2 guidance of $40-42M revenue.

**【CEO Summary Section】**
- Q1 2026 revenue of $39.6M (-3% YoY) reflects challenges from U.S. tariffs on Jordanian goods (15% vs. 20%-60% for Asian competitors), but gross margin improved to 15.4% (vs. 11.3% last year) due to logistics optimization and Aqaba port resumption.
- Operating income turned positive at $959K (vs. -$829K YoY), driven by reduced import costs and overtime expenses.
- Completed first phase of major order with Hansoll Textile (3.2M pieces) and booked through Feb 2026, with 15% capacity expansion starting Q2.
- Cautious on long-term expansion amid geopolitical risks, targeting 2027 for major factory build-out.

**【CFO Financial Commentary】**
- Gross profit up 31.2% to $6.1M, net income turned positive at $324K (vs. -$1.4M YoY).
- Operating expenses down 7% to $5.1M due to lower stock-based comp and maintenance costs.
- Cash balance $7.5M (down from $8.2M) due to delayed shipments, but all receivables collected in July.
- Q2 2026 guidance: $40-42M revenue, 15-16% gross margin.

**【Eric Tang - Operations Update】**
- Logistics normalized post-Haifa port reopening; Aqaba port usage reduced lead times by 20%.
- 15% capacity expansion via Amman factory upgrades (fully booked) and 5-10% via Al-Hasa gov't partnership.
- Secured $150K trial order and $3.2M production contract with Hansoll, with further discussions for 2026 expansion.
- 2026 capex focused on worker training and machinery upgrades, with gov't-supported Al-Hasa project on track for early 2026 completion.

**【Q&A Highlights】**
- Tariff impact: Jordan at 15% vs. 20-60% for Asia; U.S. in talks to reduce to 10%.
- Order delays: ~$1M shifted from Q1 to Q2 due to port disruptions, but no material impact on FY26 outlook.
- Tax strategy: Exploring intercompany transfer pricing optimizations with tax experts.
- Joint venture: Terminated Busana JV as direct customer relationships suffice.
- Expansion: 2026 focus on incremental capacity; 2027+ plans contingent on customer demand and geopolitical stability.

Jerash Holdings (US), Inc. (JRSH) Q1 2026 Earnings Call Transcript

- **Revenue Growth**: Q4 2025 revenue up 35.6% to $29.3M, with $6.5M order from Hansoll for Walmart/Sam's Club.
- **Margin Expansion**: Gross margin improved to 17.9% (vs. 7.0%), driven by FOB orders and scale.
- **Strategic Shifts**: Ended Busana JV, pivoting to direct brand collaborations; Aqaba Port rerouting saves $2,000/truck.
- **Capacity Expansion**: 2026 plans include 15%+ capacity growth in Jordan and Oman, targeting 2026 revenue of $38-40M.
- **Tariff Benefits**: 10% U.S. duty on Jordan vs. 25% China tariffs, attracting global brands to reduce supply chain risk.

**【CEO Summary Section】**
- Q4 2025 revenue increased 35.6% to $29.3M, driven by U.S. customer shipments, but $3-4M delayed due to Israel's Haifa Port disruptions.
- Secured major order with Hansoll Textile for Walmart/Sam's Club, with initial $6.5M FOB delivery in Q3-Q4 2025 and potential 0.5-1M/month in 2026.
- Terminated 2-year joint venture with Busana due to limited progress, shifting focus to direct brand collaborations.
- Expanding production capacity in Jordan (+5-10%) and Oman (+15%), targeting reduced seasonality and higher margins.

**【CFO Financial Commentary】**
- Q4 2025 gross profit surged 250% to $5.2M (17.9% margin vs. 7.0% prior year), driven by scale and FOB orders.
- Operating income turned positive at $434K vs. $3M loss, with FY2025 operating income of $1.4M vs. $665K loss.
- Q1 2026 revenue forecast: $38-40M (pending port conditions), with gross margin target 15-16%.
- Net loss reduced to $144K ($0.01/share) vs. $3.1M prior year; cash of $15.1M and net working capital $34.6M.

**【Eric Tang Operations Update】**
- Factories fully booked through December 2025, with growing orders from global brands.
- Aqaba Port rerouting saves $2,000/truck vs. Haifa, offsetting 10-day longer shipping times.
- New facility in Oman (+15% capacity) and Jordan expansion (+5-10%) to support 2026 growth.

**【Q&A Key Takeaways】**
- Tariff-driven shift from China/S.E. Asia to Jordan: 10% U.S. duty vs. 25% China tariffs, attracting Walmart, FootJoy, etc.
- No order cancellations; delays due to port congestion, not demand.
- Long-term geopolitical risks minimal; Jordan stable, U.S.-backed safe haven.
- 2026 CapEx plans cautious ($20-30M) due to geopolitical uncertainty, prioritizing incremental expansion.


Jerash Holdings (US), Inc. (JRSH) Q4 2025 Earnings Call Transcript

- **Revenue Growth**: Q3 2025 revenue up 28.6% to $35.4M, despite $6M in delayed shipments due to port congestion.
- **Capacity Expansion**: 15%+ production increase by June 2025, with 5%-10% more by end-2025 via factory expansions.
- **Gross Margin Target**: Q4 2025 aiming for 15%-16%, supported by improved logistics.
- **New Customer Momentum**: Growing inquiries from European and Gulf brands, with sample orders in process.
- **Funding Strategy**: Exploring debt and equity options for long-term expansion on 50-acre land parcel.

**【CEO & Management Overview】**
- Q3 2025 revenue increased 28.6% to $35.4M, driven by U.S. customer shipments, but $6M in finished goods were delayed due to Israel Haifa Port congestion.
- New customer inquiries up from international apparel brands (e.g., Europe, Persian Gulf), with sample orders in pipeline.
- Capacity expansion plans: 
  - 15% increase by June 2025 via existing facility upgrades.
  - 5%-10% boost by end-2025 via Al-Hasa factory expansion (hiring 800+ women workers).
  - Long-term plans for 50-acre land acquisition, with engineering studies underway.

**【CFO Financial Highlights】**
- Gross profit up 20.6% to $5.4M, but gross margin dipped to 15.2% (vs. 16.2% prior year) due to higher logistics costs.
- Operating expenses rose 14.6% to $4.7M, driven by export delays and port fees ($100K+ in Q3).
- Net income minimal ($6K) due to one-time tax adjustments, but cash reserves remain strong at $14.8M.
- Q4 2025 revenue expected to grow 50%-53% YoY, with $3M-$4M in delayed shipments from Q3.
- Target gross margin for Q4: 15%-16%, subject to logistics stability.

**【Q&A Key Takeaways】**
- **Order Conversion**: Test orders typically convert to full production within 6-9 months, with high success rate (>90%).
- **Logistics Improvement**: Haifa Port delays resolved in late January, with ocean containers now shipping on time.
- **Cost Control**: Q4 aiming to avoid excessive overtime costs by aligning production schedules with customer needs.
- **Tariff Benefits**: Jordan's tariff-free status for U.S. and EU exports is key to attracting new customers.
- **Expansion Funding**: Exploring debt and equity markets for large-scale projects, with World Bank discussions ongoing.


Actual				-0.07	0.07	0.23	0.01	0.06	0.17	0.39	0.13	-0.01	0.14	0.14	0.07	-0.16	0.04	0.03	0.02	-0.25	-0.11	0.05	0	-0.01	0.03	0.04	0.09
Forecast				0.065	0.025	0.15	0.035	0.1	0.125	0.3133	0.1	0.07	0.1233	0.1733	0.0833	0.02	0.04	0.07	0.05	-0.085	0.085	0	-0.025	0.01	0.075	0.095	0.015
Surprise	0.00%	0.00%	0.00%	-207.69%	+180.00%	+53.33%	-71.43%	-40.00%	+36.00%	+24.48%	+30.00%	-114.29%	+13.54%	-19.22%	-15.97%	-900.00%	0.00%	-57.14%	-60.00%	-194.12%	-229.41%	0.00%	+100.00%	-200.00%	-60.00%	-57.89%	+500.00%

JRSH

JRSH fundamentals

JRSH Q3 2026 Earnings

Earnings Call

You can ask Aime

JRSH

JRSH fundamentals

JRSH Q3 2026 Earnings

Earnings Call

JRSH Earnings Call Summary for Q3/20269:00 AM on Feb 9, 2026

JRSH Earnings Call Summary for Q2/20269:00 AM on Nov 12, 2025

JRSH Earnings Call Summary for Q1/20269:00 AM on Aug 12, 2025

JRSH Earnings Call Summary for Q4/20259:00 AM on Jun 23, 2025

JRSH Earnings Call Summary for Q3/20259:00 AM on Feb 11, 2025

You can ask Aime