Jerash Holdings (US), Inc. (NASDAQ:JRSH) Q2 2025 Earnings Conference Call November 12, 2024 9:00 AM ET

Company Participants

Roger Pondel - Investor Relations
Sam Choi - Chairman and Chief Executive Officer
Gilbert Lee - Chief Financial Officer
Eric Tang - Executive Director

Conference Call Participants

Mark Argento - Lake Street
Igor Novgorodtsev - Lares Capital

Operator

Greetings. Welcome to Jerash Holdings Fiscal 2025 Second Quarter Financial Results Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions]. Please note this conference is being recorded.

I will now turn the conference over to your host, Roger Pondel of Investor Relations. Roger, you may begin.

Roger Pondel

Thank you, Paul, and good morning, everyone. Welcome to Jerash Holdings fiscal 2025 second quarter conference call. I'm Roger Pondel with PondelWilkinson, Jerash Holdings' Investor Relations firm. It will be my pleasure momentarily to introduce the company's Chairman and Chief Executive Officer, Sam Choi; Chief Financial Officer, Gilbert Lee; and Eric Tang, who leads the company's operations in Jordan.

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 those set forth in the risk factor 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 those forward-looking statements, and Jerash Holdings undertakes no obligation to update any forward-looking statements except as required by law.

And with that it is my pleasure to turn the call over to Sam Choi. Sam?

Sam Choi

Thank you, Roger. Our second quarter solidified the positive momentum that began earlier in the fiscal year. Revenue increased nearly 21% over last year's second quarter and I'm pleased to report that purchase orders for export shipments to our customers in the U.S. and Europe have been steadily increasing. Our factories are now fully booked through the first half of calendar year 2025. Results for the quarter reflected that the confidence that our global customers are working with Jerash and highlight the competitive advantages we provide by manufacturing in Jordan, which has friendly ties and free trade agreements with the U.S., the EU and other countries. On the geopolitical front, yet another positive note, export trade routes in the region returned to a more normalized and stable stage since mid-August. This in turn is benefiting profitability.