Jerash Holdings Reports Strong Q4 Earnings
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
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Source: seekingalpha
- Significant Profitability Improvement: Jerash Holdings reported a Q4 GAAP EPS of $0.12, with net income rising to $1.7 million from a net loss of $144,000 last year, indicating a strong recovery in profitability.
- Revenue Growth Momentum: The total revenue for fiscal 2026 reached a record $166.3 million, reflecting a 14% year-over-year increase, which demonstrates significant progress in market demand and enhances future growth potential.
- Operational Efficiency Gains: Operating income surged more than fivefold to $2.3 million in Q4, compared to $434,000 in the prior year, showcasing the company's successful strategies in cost control and operational efficiency.
- Optimistic Outlook: Revenue for the first quarter of fiscal 2027 is expected to increase by 20% to 22% over last year's $39.6 million, with gross margins anticipated between 15% and 17%, highlighting the company's focus on customer diversification and reduced seasonality.
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Analyst Views on JRSH
Wall Street analysts forecast JRSH stock price to rise
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 3.460
Low
5.00
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5.00
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5.00
Current: 3.460
Low
5.00
Averages
5.00
High
5.00

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About JRSH
Jerash Holdings (US), Inc. manufactures and exports custom, ready-made, sportswear and outerwear for global brands. The Company manufactures for global brands and retailers, including VF Corporation, which owns brands such as The North Face, Timberland and Vans; New Balance, G-III, which licenses brands such as Calvin Klein, Tommy Hilfiger, DKNY and Guess; American Eagle, and Skechers. It specializes in manufacturing sportswear and outerwear. Its sportswear and outerwear product offering consists of jackets, polo shirts, t-shirts, pants, and shorts. Its personal protective equipment (PPE) product offering consists of branded (washable) and disposable face masks, medical scrubs, protective coveralls, and surgical gowns. Its production facilities comprise six factory units and four warehouses. Total annual capacity at the Company's facilities is approximately 14 million pieces (average for product categories including t-shirts, polo shirts, pants, shorts, and jackets, and excluding PPE).
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Significant Profitability Improvement: Jerash Holdings reported a Q4 GAAP EPS of $0.12, with net income rising to $1.7 million from a net loss of $144,000 last year, indicating a strong recovery in profitability.
- Revenue Growth Momentum: The total revenue for fiscal 2026 reached a record $166.3 million, reflecting a 14% year-over-year increase, which demonstrates significant progress in market demand and enhances future growth potential.
- Operational Efficiency Gains: Operating income surged more than fivefold to $2.3 million in Q4, compared to $434,000 in the prior year, showcasing the company's successful strategies in cost control and operational efficiency.
- Optimistic Outlook: Revenue for the first quarter of fiscal 2027 is expected to increase by 20% to 22% over last year's $39.6 million, with gross margins anticipated between 15% and 17%, highlighting the company's focus on customer diversification and reduced seasonality.
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- Conference Presentation: Jerash Holdings will present at the Planet MicroCap Conference on June 17, 2026, at the Bellagio Hotel in Las Vegas, showcasing its latest advancements in sportswear and outerwear manufacturing, which is expected to attract investor interest and enhance the company's visibility.
- Executive Participation: CFO Gilbert Lee will host the presentation and conduct one-on-one meetings with investors, aiming to strengthen relationships with potential investors and drive future financing opportunities.
- Live Stream Access: The presentation will be available via a live webcast, allowing investors who cannot attend in person to stay updated on the company's latest developments, thereby enhancing transparency and engagement.
- Company Background: Jerash Holdings specializes in manufacturing and exporting custom and ready-made apparel for leading global brands, employing approximately 6,000 people across its production facilities in Jordan, demonstrating its solid position and growth potential in the industry.
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- Strong Financial Performance: Jerash Holdings reported an 18% year-over-year revenue increase to $41.8 million in Q3, with operating income nearly tripling to $1.9 million, reflecting significant improvement in financial health amid growing global customer demand.
- Strategic Investment in Capacity: The acquisition of a 184,000 square foot manufacturing facility in Jordan is expected to boost production capacity by at least 40%, laying a solid foundation for the company's five-year growth strategy and enhancing competitive positioning in the market.
- Growing Order Volume: The strategic partnership with Hansoll Textile in Korea has resulted in initial large orders, with the company currently completing production of 3 million pieces of girls' shorts, expected to ship within the current fiscal quarter, further solidifying relationships with new customers.
- Optimistic Future Outlook: Management anticipates a revenue increase of 23% to 26% in Q4 compared to the previous year, targeting a gross margin of 14% to 16%, and while potential shipment delays related to Ramadan are acknowledged, the company maintains a positive outlook for future performance.
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- Earnings Performance: Jerash Holdings reported a Q3 GAAP EPS of $0.09, slightly below expectations, while revenue reached $41.8 million, exceeding market forecasts by $1 million, demonstrating the company's resilience in the current economic climate.
- Future Outlook: The company anticipates a revenue increase of 23% to 26% for Q4 fiscal 2026 over last year's $29.3 million, positioning itself for record annual revenue, reflecting strong market demand and effective business expansion strategies.
- Gross Margin Expectations: The gross margin for Q4 fiscal 2026 is projected to be between 14% and 16%, indicating that despite cost pressures, the company is maintaining profitability through operational optimization and efficiency improvements, showcasing the effectiveness of its management team.
- Growth Targets: Jerash aims for a revenue growth of 19% to 21% in Q3 while expanding capacity and customer base, indicating a proactive approach to increasing market share and ensuring long-term sustainable growth.
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Company Financial Performance: Jerash Holdings (US), Inc. reported a loss of $153,000 in its fiscal fourth quarter, with revenue of $29.3 million, and an annual loss of $848,000 on revenue of $145.8 million.
Future Revenue Expectations: For the upcoming quarter ending in June, Jerash anticipates revenue between $38 million to $40 million.
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