secwatch.observer — SEC 8-K summary
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Issuer:     Janus International Group, Inc. (JBI)
CIK:        0001839839
Form:       8-K
Filed at:   2024-10-29T23:59:59+00:00
Accession:  0001839839-24-000200
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Janus Q3 revenue $230.1M (-17.9% YoY); cuts FY guidance, announces cost cuts
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1839839/000183983924000200/0001839839-24-000200-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1839839/000183983924000200/jbi-20241029.htm
  HTML page:      https://secwatch.observer/filing/0001839839-24-000200

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