secwatch.observer — SEC 8-K summary
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Issuer:     Jerash Holdings (US), Inc. (JRSH)
CIK:        0001696558
Form:       8-K
Filed at:   2022-11-10T23:59:59+00:00
Accession:  0001213900-22-070830
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Jerash Q2 revenue falls 17% to $37.8M; net income drops to $1.8M; announces JV with Busana
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- Net income $1.8M ($0.14/diluted) vs $4.4M ($0.39) YoY; gross margin 18.3% vs 22.1%.
- Signed MOU for JV with Busana Apparel Group to produce garments for their retail customers in Jordan; expected close H1 2023.
- Added Timberland and Skechers as new customers; initial shipments begin in fiscal Q3.
- Q3 revenue guidance $33-35M; full-year gross margin 16-18%.
- Quarterly dividend $0.05/share declared, payable Nov 28 to holders of record Nov 18.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1696558/000121390022070830/0001213900-22-070830-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1696558/000121390022070830/ea168294-8k_jerashhold.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-070830

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