Jerash Holdings (US), Inc. (JRSH) Bundle
A Brief History of Jerash Holdings (US), Inc. (JRSH)
Company Overview
Jerash Holdings (US), Inc. operates as a manufacturer and exporter of apparel, primarily children's clothing. Founded in 2006, the company is headquartered in New York City and has manufacturing facilities in Jordan.
Key Financial Milestones
As of the fiscal year ending December 31, 2022, Jerash Holdings reported total revenues of $65.4 million, an increase from $56.3 million in 2021. The net income for the same period was $3.2 million, with earnings per share (EPS) reaching $0.21.
Stock Performance
Jerash Holdings is traded on the NASDAQ under the ticker symbol JRSH. The company's stock price has shown notable fluctuations, with a 52-week range of $4.18 to $8.95. As of October 6, 2023, the stock price was approximately $5.10.
Manufacturing and Facilities
The company's primary manufacturing facility is located in the Jordanian city of Jerash. The plant covers 300,000 square feet and employs over 1,200 workers.
Sales Distribution
Jerash Holdings distributes its products mainly in the United States and Europe, with the following sales distribution breakdown for the fiscal year 2022:
| Region | Percentage of Total Sales |
|---|---|
| United States | 76% |
| Europe | 20% |
| Other | 4% |
Recent Developments
In 2023, Jerash Holdings announced plans to expand its product line to include sustainable clothing options, reflecting market trends toward environmentally friendly materials. The company also secured a new contract worth $2.5 million with a leading U.S. retailer.
Management Team
The management team consists of experienced professionals in the textile and apparel industry. Key figures include:
- Sam Khoury - CEO
- Riad Dajani - CFO
- Rania Al-Tarawneh - COO
Future Outlook
Analysts forecast a revenue growth rate of approximately 10% annually over the next five years, driven by increasing demand for children's apparel and the expansion of e-commerce channels.
A Who Owns Jerash Holdings (US), Inc. (JRSH)
Company Overview
Company Overview
Jerash Holdings (US), Inc. (JRSH) is known for its manufacturing and selling of a variety of apparel. The company operates primarily in the United States and is publicly traded on the NASDAQ under the symbol JRSH. Its financial performance and ownership structure are crucial for stakeholders and investors.
Ownership Structure
The ownership of Jerash Holdings involves a mix of institutional and retail investors, along with insiders. Here are the notable stakeholders as of the latest filings:
| Owner Type | Owner Name | Percentage Ownership | Shares Owned |
|---|---|---|---|
| Institutional Investor | BlackRock, Inc. | 9.8% | 570,000 |
| Institutional Investor | The Vanguard Group, Inc. | 7.4% | 420,000 |
| Insider | Jamil M. Abou Chedid (CEO) | 10.2% | 620,000 |
| Insider | Abdel M. M. Majeed (CFO) | 5.6% | 350,000 |
| Retail Investor | Public Float | 67.0% | 3,500,000 |
Recent Financial Performance
Jerash Holdings has reported several key financial metrics in its recent quarterly earnings report for Q3 2023. The revenue and earnings provide insight into the company's operational efficiency and market position.
| Financial Metric | Amount |
|---|---|
| Revenue (Q3 2023) | $15.2 million |
| Net Income (Q3 2023) | $1.5 million |
| EPS (Earnings Per Share) | $0.12 |
| Gross Margin | 29.5% |
| Operating Margin | 10.5% |
Recent Share Performance
The stock performance of JRSH has seen fluctuations over the past year. Here are the relevant stock metrics:
| Metric | Value |
|---|---|
| Current Share Price | $10.50 |
| 52-Week High | $12.50 |
| 52-Week Low | $7.25 |
| Market Capitalization | $150 million |
| P/E Ratio | 18.75 |
Market Trends and Ownership Implications
The apparel industry is currently experiencing shifts in consumer behavior, impacting ownership stakes. Understanding these trends can clarify the investment landscape surrounding Jerash Holdings:
- Increasing demand for sustainable and ethically produced clothing.
- Shift towards online shopping, which may favor companies with strong e-commerce operations.
- Global economic factors impacting consumer spending power and preferences.
Conclusion
The ownership of Jerash Holdings (US), Inc. reveals a blend of institutional and insider stakeholders. The financial performance indicates a stable operation, aimed at leveraging market trends for growth.
Jerash Holdings (US), Inc. (JRSH) Mission Statement
Overview of Mission Statement
The mission statement of Jerash Holdings (US), Inc. emphasizes the company's commitment to manufacturing and distributing high-quality apparel while promoting sustainable business practices and ethical standards. The company's focus is on delivering value to its stakeholders, including customers, employees, and investors.
Core Values and Principles
- Quality: Striving for the highest standards in product quality.
- Integrity: Upholding ethical principles in all business operations.
- Innovation: Investing in innovative practices to improve efficiency.
- Sustainability: Commitment to environmentally friendly practices.
- Customer Focus: Prioritizing customer satisfaction and feedback.
Company Goals
Jerash Holdings aims to achieve several strategic goals aligned with its mission statement:
- Increase global market share in the apparel sector.
- Enhance production efficiency and reduce costs.
- Expand product lines to meet diverse customer needs.
- Improve financial performance through strategic partnerships.
Financial Performance Overview
As of the most recent fiscal year, Jerash Holdings reported:
| Financial Metrics | 2022 Amount (in millions) | 2023 Amount (in millions) |
|---|---|---|
| Revenue | $28.5 | $31.2 |
| Gross Profit | $6.9 | $7.5 |
| Net Income | $3.5 | $3.9 |
| Total Assets | $25.3 | $27.8 |
| Total Liabilities | $9.4 | $10.2 |
| Equity | $15.9 | $17.6 |
Strategic Initiatives
Jerash Holdings is actively pursuing several strategic initiatives to support its mission:
- Implementing advanced manufacturing technologies.
- Enhancing supply chain sustainability.
- Expanding distribution channels in international markets.
- Developing partnerships with environmentally conscious suppliers.
Community Engagement
In alignment with its mission, Jerash Holdings engages with communities through various initiatives:
- Supporting local education programs.
- Participating in community development projects.
- Encouraging employee volunteerism in local charities.
Conclusion on Mission Statement Significance
Jerash Holdings' mission statement serves as a guiding framework for its operations, influencing decision-making processes and strategic planning. Its focus on quality, sustainability, and ethical practices positions the company favorably in the competitive apparel market.
How Jerash Holdings (US), Inc. (JRSH) Works
Company Overview
Jerash Holdings (US), Inc. (JRSH) is a leading manufacturer of high-quality apparel, particularly focusing on activewear and leisurewear. The company primarily operates in Jordan, where it leverages cost-effective labor and benefits from its strategic location. Jerash Holdings is publicly traded on the NASDAQ under the ticker symbol JRSH.
Production Facilities
The company operates several manufacturing facilities in Jordan, with a cumulative capacity of approximately 7 million units annually. The facilities are equipped with modern technology to ensure efficient production processes. Jerash Holdings employs around 5,000 workers, contributing significantly to the local economy.
Financial Performance
As of the latest fiscal year, Jerash Holdings reported total revenue of $52 million, representing a 15% increase compared to the previous year. The following table summarizes the company's financial performance:
| Financial Metric | 2022 | 2021 | Change (%) |
|---|---|---|---|
| Total Revenue | $52 million | $45 million | +15% |
| Net Income | $3 million | $2.5 million | +20% |
| Gross Margin | 25% | 23% | +2% |
| Operating Income | $4 million | $3 million | +33% |
| Total Assets | $28 million | $26 million | +7.7% |
Market Segments
Jerash Holdings targets several market segments, including:
- Activewear
- Leisurewear
- Custom apparel for private-label brands
The company exports approximately 85% of its production, primarily to North America, Europe, and Asia.
Key Clients and Partnerships
Jerash Holdings has established partnerships with notable brands, including:
- Under Armour
- Hanesbrands Inc.
- Columbia Sportswear
These partnerships have bolstered the company's market presence and contributed significantly to revenue growth.
Growth Strategy
The company's growth strategy focuses on expanding its manufacturing capabilities and diversifying its product offerings. Jerash Holdings aims to increase its market share in activewear and is investing in:
- New technology for production efficiency
- Research and development for innovative designs
- Strategic marketing initiatives
Recent Developments
In 2023, Jerash Holdings announced a $2 million investment in new equipment, aimed at enhancing productivity and increasing quality control measures. This investment is expected to drive further growth and expand its product lines.
Stock Performance
As of October 2023, JRSH stock is trading at approximately $5.20 per share, with a market capitalization of around $58 million. The stock has seen a year-to-date increase of 25%.
Challenges and Considerations
Despite its growth, Jerash Holdings faces several challenges, including:
- Global supply chain disruptions
- Fluctuations in raw material costs
- Intense competition in the apparel industry
Conclusion
Jerash Holdings (US), Inc. continues to establish itself as a robust player in the apparel manufacturing sector. With strategic initiatives and strong partnerships, the company is poised for future growth within the competitive landscape.
How Jerash Holdings (US), Inc. (JRSH) Makes Money
Revenue Streams
Jerash Holdings (US), Inc. generates revenue primarily through the production and sale of apparel, including sportswear, activewear, and outerwear. The company operates through its subsidiaries that manufacture clothing for various global brands.
Sales Overview
For the fiscal year ended December 31, 2022, Jerash reported total revenues of $42.1 million. This represented an increase of 12% from $37.5 million in 2021.
| Year | Total Revenue | Revenue Growth (%) | Net Income |
|---|---|---|---|
| 2022 | $42.1 million | 12% | $2.5 million |
| 2021 | $37.5 million | 9% | $2.1 million |
| 2020 | $34.4 million | -3% | $1.8 million |
Product Categories
Jerash's product offerings can be categorized as follows:
- Sportswear
- Activewear
- Outerwear
- Private label products
Customer Base
The company sells its products to various customers, which include:
- Major retailers
- Wholesale distributors
- Private label brands
Manufacturing and Operational Efficiency
Jerash Holdings operates manufacturing facilities in Jordan and employs over 3,000 workers. The company's production capabilities allow it to fulfill large orders and maintain strong relationships with key clients, contributing to stable revenue streams.
Market Positioning
Jerash maintains a competitive position in the global apparel market, focusing on providing high-quality products at competitive prices. The company’s strategy includes expanding its product lines and enhancing its brand presence.
Cost Structure
Effective cost management strategies are also critical for profitability. Major costs include:
- Raw materials
- Labor costs
- Logistics and transportation
- Marketing and sales expenses
Recent Developments
In 2023, Jerash announced expansion plans to enhance its production capacity by 30% to meet increased demand, which is projected to further boost revenues in the following years.
Financial Performance Indicators
| Metric | 2022 | 2021 | 2020 |
|---|---|---|---|
| Gross Profit | $10.2 million | $9.0 million | $8.5 million |
| Operating Income | $3.1 million | $2.8 million | $2.3 million |
| Net Profit Margin | 5.9% | 5.6% | 5.2% |
Future Outlook
The company expects its revenue to continue to grow, driven by increased international sales and strong demand for activewear, which represents a growing segment in the apparel industry.
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