Jerash Holdings (US) Earnings Call Transcripts
Fiscal Year 2027
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Record quarterly revenue and profitability were achieved, driven by strong U.S. customer demand and new duty-free trade status. Capacity expansions and new customer wins support a positive outlook, though logistics and geopolitical risks may impact margins in the near term.
Fiscal Year 2026
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The company has expanded its manufacturing capacity and diversified its customer base, benefiting from free trade agreements and global supply chain shifts. Fiscal 2026 marked a strong turnaround with increased revenue, new high-volume clients, and ongoing investments in efficiency and automation.
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Record fiscal 2026 revenue and profitability were driven by strong demand from key and new customers, operational efficiencies, and successful capacity expansion. Facilities are fully booked through December 2026, with robust order flow and continued growth expected in fiscal 2027.
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Revenue and net income surged year-over-year, driven by strong demand and new partnerships. Major capacity expansion is underway, financed by subsidized long-term debt, with further growth expected as new facilities come online.
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Revenue grew 4.3% year-over-year to $42M in Q2, with gross margin declining to 15% due to product mix and customer diversification. Capacity expansion and strong demand from both new and existing customers support a positive outlook, with Q3 revenue expected to rise 19%-21%.
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Q1 2026 saw a return to profitability with improved margins and strong demand, despite new U.S. tariffs and regional disruptions. Expansion projects are underway, facilities are fully booked, and guidance for Q2 remains positive.
Fiscal Year 2025
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The company has fully booked capacity through summer 2026, driven by strong demand from global brands and new partnerships. Strategic expansion, automation, and geographic diversification are key growth drivers, with major CapEx projects planned pending customer commitments.
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Revenue grew 36% year-over-year in Q4, driven by strong demand and a major new order, though logistics disruptions at Haifa port delayed $3–$4 million in shipments. Gross margin improved to 17.9%, and factories are fully booked through December, with capacity expansions underway.
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Revenue grew 28.6% year-over-year in Q3 2025, but net income was flat due to higher logistics and tax costs. Shipment delays impacted results, but improved trade routes and strong demand support a 50%-53% revenue increase forecast for Q4.
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Revenue grew 21% year-over-year in Q2, with gross margin up to 17.5% and net income rising 80%. Factories are fully booked into mid-2025, and guidance was raised for 30%-35% full-year revenue growth. Expansion plans are underway to meet strong global demand.
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Q1 FY2025 revenue rose nearly 18% year-over-year to a record high, but gross margin declined due to logistics disruptions and higher costs. Full-year revenue growth is now forecast at 20%-25%, with strong order inflows from new and existing customers.
Fiscal Year 2024
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Supply chain disruptions from the Red Sea crisis led to lower revenue and margins in Q4 and FY24, but new and legacy customer orders are driving a strong outlook for FY25 with double-digit revenue growth expected. Cost-saving measures and a solid capital position support future operations.