Jerash Holdings (US), Inc. Common Stock 2027 Q1 Earnings Call
Review the key takeaways and the transcript of this earnings call.
- Jerash Holdings reported fiscal 2027 first quarter revenue of $50.2 million, a 26.7% increase from $39.6 million in the prior year period.
- Gross profit increased 35.7% to $8.3 million with gross margin improving 100 basis points to 16.4%.
- Operating income rose 174% to $2.6 million from $959,000 in the same quarter last year.
- Net income increased more than fivefold to $1.7 million, or $0.13 per diluted share, compared with $324,000, or $0.03 per diluted share, in the prior year quarter.
- Operating expenses increased to $5.6 million from $5.1 million due to higher sales volume and increased headcount.
- Interest expenses rose to $546,000 from $307,000, mainly due to supply chain financing and credit for raw material purchases.
- Cash, cash equivalents and restricted cash totaled $14.5 million as of June 30, 2026, with net working capital of $38.1 million.
- Jerash declared a quarterly dividend of $0.05 per share payable on August 24, 2026 to stockholders of record as of August 17, 2026.
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Transcript
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Good day, everyone. Welcome to the Jerash Holdings Fiscal 2027 first quarter financial results. At this time, all participants have been placed on a listen-only mode, and the floor will be open for questions and comments after the presentation. It is now my pleasure to turn the floor over to your host, Roger Pondel, Investor Relations.
The floor is yours. Thanks so much, operator.
Good morning, everyone. Welcome to Jerash Holdings Fiscal 2027 first quarter conference call. I am Roger Pondel with PondelWilkinson, Jerash Holdings investor relations firm. On the call today from the company, our Chief Executive Officer, Sam Choi, Chief Financial Officer, Gilbert Lee, and Eric Tang, who leads the company's operations in Jordan. Also, Ringo Ng, the company's Head of Marketing, will be on the call for the Q&A session. Before I turn the call over to Sam, I want to remind our listeners that today's call may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
Such forward-looking statements are subject to numerous conditions, many of which are beyond the company's control, including the fourth in the Risk Factors section of the company's most recent Form 10-K, as filed with the Securities and Exchange Commission, and copies of which are available on the SEC's website at www.sec.gov, along with other company filings made with the SEC from time to time. Actual results could differ materially from these forward-looking statements, and Jerash Holdings undertakes no obligation to update any forward-looking statements except as required by law. With that, it is my pleasure to turn the call over to Sam Choi.
Sam? Thank you, Roger. We are pleased to report another quarter of exceptional financial performance, highlighted by record revenue, improved gross margins, and a significant increase in profitability.
FULL TRANSCRIPT
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