Jerash Holdings (US) Inc
NASDAQ:JRSH
Jerash Holdings (US) Inc
Jerash Holdings (US), Inc. operates as a holding company. The company is headquartered in Rochester, New York and currently employs 4,350 full-time employees. The company went IPO on 2018-05-04. The firm is engaged in the manufacturing and exporting of customized, ready-made sport and outerwear from knitted fabric and personal protective equipment (PPE) produced. The Company’s sport and outerwear product includes jackets, polo shirts, t-shirts, pants, and shorts. Its primary product offering is jackets. Its PPE product offering consists of washable and disposable face masks, medical scrubs, protective coveralls, and surgical gowns. The firm operates through its subsidiaries: Jerash Garments and Fashions Manufacturing Co., Ltd., Treasure Success International Limited, Chinese Garments and Fashions Manufacturing Co., Ltd., Jerash for Industrial Embroidery Co., Ltd., Al-Mutafaweq Co. for Garments Manufacturing Ltd., Jiangmen Treasure Success Business Consultancy Co., Ltd., Jerash The First Medical Supplies Manufacturing Company Limited, Jerash Supplies, LLC.
Jerash Holdings (US), Inc. operates as a holding company. The company is headquartered in Rochester, New York and currently employs 4,350 full-time employees. The company went IPO on 2018-05-04. The firm is engaged in the manufacturing and exporting of customized, ready-made sport and outerwear from knitted fabric and personal protective equipment (PPE) produced. The Company’s sport and outerwear product includes jackets, polo shirts, t-shirts, pants, and shorts. Its primary product offering is jackets. Its PPE product offering consists of washable and disposable face masks, medical scrubs, protective coveralls, and surgical gowns. The firm operates through its subsidiaries: Jerash Garments and Fashions Manufacturing Co., Ltd., Treasure Success International Limited, Chinese Garments and Fashions Manufacturing Co., Ltd., Jerash for Industrial Embroidery Co., Ltd., Al-Mutafaweq Co. for Garments Manufacturing Ltd., Jiangmen Treasure Success Business Consultancy Co., Ltd., Jerash The First Medical Supplies Manufacturing Company Limited, Jerash Supplies, LLC.
Strong Revenue Growth: Jerash reported a sharp 18% revenue increase for the fiscal Q3, reaching $41.8 million, driven by both existing customers and new business from Hansoll Textile.
Margin Expansion: Gross profit margin improved to 16.9% from 15.2% last year, thanks to favorable product mix and economies of scale.
Major Capacity Expansion: The company acquired a new 184,000 square foot facility in Jordan, aiming to boost capacity by at least 40% with $5 million in renovations and equipment, funded through long-term debt.
Further Growth Plans: Jerash plans additional smaller facilities in rural areas, which are expected to add 5%–10% more capacity and support local employment.
Guidance Raised: Management expects Q4 revenue to grow 23%–26% YoY, with gross margin targeted at 14%–16%.
Stable Operations Amid Geopolitical Risks: The company reported smooth logistics in recent months and is closely monitoring Middle East tensions, with government assurances about Jordan's stability.
