earnings
confidence high
sentiment negative
materiality 0.75
Janus Q2 revenue down 8.2% to $248.4M; net income drops 25.4%; cuts FY2024 guidance
Janus International Group, Inc.
2024-Q2 EPS reported
$0.40
revenue$502,900,000
- Revenue $248.4M (-8.2% YoY); net income $27.6M ($0.19 diluted EPS) vs $37.0M ($0.25) prior year.
- Adjusted EPS $0.21 (-16%); Adjusted EBITDA $64.5M (-12.8%), margin 26.0%.
- FY2024 guidance cut: revenue $1.005B-$1.035B (midpoint -4.3% YoY); Adj. EBITDA $255M-$275M (-7.2%).
- Acquired assets of TMC, a trucking terminal services provider in the Southeast; terms undisclosed.
- Repurchased 0.75M shares for $10.1M in Q2; $74.9M remaining on authorization.