Q1 2026 Jerash Holdings (US) Inc Earnings Call Transcript
Key Points
- Jerash Holdings (US) Inc (JRSH) experienced a significant turnaround in financial performance, with operating income climbing to nearly $1 million compared to a loss of over $800,000 in the same quarter last year.
- The company successfully completed the first phase of a major initial order from a large US-based multinational retailer, indicating strong demand and successful strategic collaborations.
- Jerash Holdings (US) Inc (JRSH) improved operating efficiency by optimizing logistics and production planning, reducing costs, and limiting the need for overtime.
- The expansion of manufacturing facilities in Amman was completed, increasing production capacity by an estimated 15%, which is expected to contribute to performance starting in the second fiscal quarter.
- The company is seeing a steady increase in new business inquiries from global brands, indicating growing interest in its manufacturing capabilities and capacity.
- Revenue for the fiscal 2026 first quarter slightly declined to $39.6 million from $40.9 million in the same quarter last year, primarily due to shipment delays.
- The recent 15% US tariff on products from Jordan poses a challenge, although it remains lower than tariffs from other Asian countries.
- Net cash used by operating activities increased to approximately $6.5 million for the quarter ended June 30, 2025, compared to $2.2 million for the same quarter last year.
- The company faces ongoing geopolitical instability in the region, which could impact future operations and expansion plans.
- Jerash Holdings (US) Inc (JRSH) terminated its joint venture with Busana, although it continues to deal directly with the customers involved.
Greetings. Welcome to Jerash Holdings fiscal 2026 first quarter financial results conference call. (Operator Instructions) Please note, this conference is being recorded.
I will now turn the conference over to your host, Roger Pondel, Investor Relations. Roger, you may begin.
Thank you, operator, and good morning, everyone, or afternoon, depending on where you are, and welcome to Jerash Holdings fiscal 2026 first quarter conference call. I'm Roger Pondel with PondelWilkinson, Jerash Holdings Investor Relations firm.
On the call today from the company are 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 everyone 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
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