Q1 2025 Jerash Holdings (US) Inc Earnings Call Transcript
Key Points
- Jerash Holdings (US) Inc (JRSH) reported a 17.8% increase in revenue for the fiscal 2025 first-quarter, reaching $40.9 million.
- The company is experiencing good growth with manufacturing facilities operating at full capacity and orders fully booked through December.
- Jerash Holdings (US) Inc (JRSH) is receiving additional trial orders from major brands, indicating successful diversification of its customer base.
- The company anticipates a 20% to 25% revenue growth for the full year 2025, with strong order inflow expected in the second half.
- Contingency plans are in place to minimize disruptions due to regional instability, ensuring operational stability.
- Gross margin decreased to 11.3% from 16.0% in the same period last year, primarily due to higher raw material import costs and additional manufacturing expenses.
- The company reported a net loss of $1.4 million or $0.11 per share in the fiscal 2025 first-quarter, compared to a net income of $495,000 in the same period last year.
- Operating expenses increased to $5.5 million from $4.5 million in the same quarter last year, driven by higher logistics and labor costs.
- Supply chain disruptions led to significant added costs, including $300,000 in airfreight expenses to catch up on delayed deliveries.
- Interest expenses increased due to the supply chain financing program, reflecting higher costs associated with maintaining cash flow.
Greetings. Welcome to the Jerash Holdings fiscal 2025 first-quarter financial results conference call. (Operator Instructions) Please note this conference is being recorded. I will now hand the conference over to your host, Roger Pondel, Investor Relations for Jerash Holdings. You may begin.
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Thank you, Holly, and good morning, everyone, and welcome to Jerash Holdings fiscal '25 first-quarter and full year conference call. I'm Roger Pondel with Pondel Wilkinson, Jerash Holdings Investor Relations firm. It will be my pleasure momentarily to introduce the company's Chairman and Chief Executive Officer, Sam Choi; Chief Financial Officer, Gilbert Lee, and Eric Tang, who leads the company's operations in Jordan.
Before I turn the call over to Sam, I want to remind our listeners that today's call may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject
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