Jerash (US) (JRSH) Earnings Call Presentation

Financial Performance & Outlook - FY2022 revenue reached $143.4 million with a gross margin of 19.1% and net income of $7.9 million, or $0.67 per share[16] - Q3 FY2023 revenue was $43.0 million with a gross margin of 13.5% and net income of $0.9 million, or $0.07 per share[16] - The company anticipates Q4 revenue to be between $26 million and $28 million, with a gross margin goal for FY2023 of 16-18%[16] - Jerash is operating at approximately 14 million pieces annual capacity as of March 31, 2022[19] Strategic Positioning & Growth - Jerash is the largest contract manufacturer of premium apparel brands in Jordan, operating six facilities near Amman[7] - The company has a workforce of over 5,500 employees, with 25% being local Jordanian and 75% being contracted workers from other countries[17] - Jerash is strategically positioned to capture greater opportunities in the region as apparel production moves to Jordan[11] - The company is expanding its global customer base, including its first European-based high-end apparel brand[10, 19] - Jerash is diversifying its product offerings, with pants & shorts accounting for 41%, jackets for 35%, crew neck & other for 17%, and polo shirts for 7% of total pieces sold in FY2022 (excluding PPE)[31] ESG & Operational Strengths - Jerash is recognized for its ESG responsibility, including supporting women in the supply chain and providing stable employment to Syrian refugees[26, 29] - The company is committed to environmental sustainability, including using solar energy, LED lighting, and environmentally friendly inks[29] - Jerash benefits from Jordan's low-cost, high-quality manufacturing economy and duty-free US and EU export agreements[22, 48] - The company is reducing revenue seasonality by balancing production capacity utilization, with 53% of revenue generated in the first half and 47% in the second half of FY2022[33]