Jerash Q3 revenue down 36% to $27.5M, EPS $0.02 vs $0.07; Red Sea disruption

Jerash Holdings (US), Inc.

2024-Q3 EPS reported $0.09 revenue$95,612,886

Revenue $27.5M vs $43.0M YoY (-36%); net income $232k ($0.02 diluted EPS) vs $891k ($0.07).
Gross margin improved to 16.2% from 13.5% on better product mix.
Supply chain disruptions from Middle East turmoil delayed shipments; operations in Jordan fully active.
New customer wins: European high-end brand and Vans/Dickies trial orders for U.S. and Europe.
Maintained quarterly dividend $0.05 per share; cash $19.6M, working capital $40.5M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Jerash Holdings (US), Inc. reported fiscal year 2024 third quarter, ended December 31, 2023 results: revenue $27.5 million, net income $232,000, EPS $0.02 per diluted share.

Period: fiscal year 2024 third quarter, ended December 31, 2023
Revenue: $27.5 million
Net income: $232,000
EPS: $0.02 per diluted share
Result: reported results

Exact text from the filing

Revenue for the fiscal year 2024 third quarter was $27.5 million, compared with $43.0 million in the same quarter last year

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Source: SEC EDGAR

accession 0001213900-24-011331

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