secwatch.observer — SEC 8-K summary
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Issuer:     Janus International Group, Inc. (JBI)
CIK:        0001839839
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001839839-24-000181
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Janus Q2 revenue down 8.2% to $248.4M; net income drops 25.4%; cuts FY2024 guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1839839/000183983924000181/0001839839-24-000181-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1839839/000183983924000181/jbi-20240807.htm
  HTML page:      https://secwatch.observer/filing/0001839839-24-000181

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer