earnings
confidence high
sentiment negative
materiality 0.75
Janus Q3 revenue $230.1M (-17.9% YoY); cuts FY guidance, announces cost cuts
Janus International Group, Inc.
2024-Q3 EPS reported
$0.48
revenue$733,000,000
- Revenue $230.1M (-17.9% YoY); Self-Storage down 22.4%; TMC contributed $13.7M.
- Net income $11.8M ($0.08 diluted EPS); adjusted EPS $0.11; both down sharply YoY.
- Adjusted EBITDA $43.1M (18.7% margin), down 43.4% YoY; net leverage 2.0x.
- Repurchased 4.3M shares for $45.5M in Q3; $29.9M remaining on authorization.
- FY24 guidance cut: revenue $910-925M, Adj. EBITDA $195-205M; cost plan targets $8-12M annual savings.