secwatch.observer — SEC 8-K summary
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Issuer:     Jerash Holdings (US), Inc. (JRSH)
CIK:        0001696558
Form:       8-K
Filed at:   2024-02-08T23:59:59+00:00
Accession:  0001213900-24-011331
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1696558/000121390024011331/0001213900-24-011331-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1696558/000121390024011331/ea193086-8k_jerashhold.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-011331

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer