Jerash Holdings (NASDAQ:JRSH) delivered a strong third-quarter performance Monday, as the Jordanian garment manufacturer capitalized on surging demand from global sportswear giants and a new strategic partnership in Korea.
The Fairfield, New Jersey-based company (NASDAQ:JRSH) reported revenue of $41.8 million for the fiscal quarter ended Dec. 31, 2025, an 18% increase over the prior year.
Efficiency gains and a more favorable product mix helped drive gross margin up 170 basis points to 16.9%, while operating income nearly tripled to $1.9 million.
Net income saw a dramatic turnaround, climbing to $1.2 million compared to nearly break-even results a year ago, reflecting the company’s success in scaling its "duty-free" Jordanian manufacturing model.
To sustain this momentum, Jerash is embarking on its most ambitious expansion to date.
On Feb. 5, the company announced the $3.4 million acquisition of an 184,000-square-foot manufacturing facility in Amman.
Following an additional $5 million investment in high-tech automation and renovations, the site is expected to increase Jerash's total production capacity by at least 40% by the end of 2026.
This "flagship" complex is slated to employ up to 2,500 new workers, bringing the company's total workforce to over 8,500.
Following the quarter's performance, the company issued an upbeat forecast for the fiscal fourth quarter, projecting revenue growth of 23% to 26%, which would position fiscal 2026 as a record-breaking year for the company.
Alongside the results, Jerash declared a quarterly dividend of $0.05 per share, payable on Feb. 20, 2026.