Q3 2025 Jerash Holdings (US) Inc Earnings Call Transcript
Key Points
- Jerash Holdings (US) Inc (JRSH) reported a 28.6% increase in revenue for the fiscal 2025 third quarter, reaching $35.4 million.
- The company is experiencing growing interest from international apparel companies, including well-recognized brands in Europe and the Persian Gulf region.
- Jerash Holdings is expanding its production capacity by 15% with the expansion of two existing manufacturing facilities, expected to be completed by June.
- The company is working with the Jordanian government to expand its facilities in Al-Hasa, potentially increasing production capacity by an additional 5% to 10% by the end of 2025.
- Jerash Holdings' factories are fully booked through August, indicating strong demand and a healthy order pipeline.
- Sales were impacted by congestion at Israel's Haifa port due to geopolitical turmoil, causing shipment delays and impacting revenue by approximately $6 million.
- Gross margin decreased to 15.2% in the fiscal 2025 third quarter from 16.2% in the same quarter last year, primarily due to higher logistics costs.
- Operating expenses increased to $4.7 million from $4.1 million in the same period last year, driven by higher export logistics costs.
- Net income for the fiscal 2025 third quarter was only $6,000, compared to $232,000 in the same quarter last year.
- The effective tax rate increased significantly to 98.6% for the fiscal 2025 third quarter, compared to 14.2% for the same period in fiscal 2024.
Good morning. Welcome to Jerash Holdings fiscal 2025 third quarter financial results.
(Operator Instructions) I will now turn the conference over to your host, Roger Pondel, investor relations of Jerash Holdings. The floor is yours.
Thank you, Jenny. Good morning, everyone. Welcome to Jerash Holdings fiscal 2025 third quarter conference call. I'm Roger Pondel with PondelWilkinson, Jerash Holdings investor relations firm. On the call today from the company, our Chairman and Chief Executive Officer, Sam Choi; Chief Financial Officer, Gilbert Lee; Eric Tang, who leads the company's operations in Jordan, and Ringo Inc, head of marketing.
Before I turn the call over to Sam, I want to mention or 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 to numerous conditions, many of which are beyond the company's control.
Including those set
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
