Core Viewpoint - Janus International Group, Inc. (JBI) shows a significant improvement in earnings outlook, making it an attractive investment option as analysts continue to raise earnings estimates for the company [1][3]. Earnings Estimate Revisions - The trend of rising earnings estimate revisions reflects growing analyst optimism regarding the company's earnings prospects, which is expected to positively impact its stock price [2]. - For the current quarter, the earnings estimate is $0.15 per share, representing a decrease of 28.57% from the previous year, but the Zacks Consensus Estimate has increased by 25% over the last 30 days due to one upward revision [5]. - For the full year, the earnings estimate is $0.65 per share, indicating a 14.04% increase from the previous year, with a notable 35.42% increase in the consensus estimate over the past month [6][7]. Zacks Rank and Performance - Janus International Group currently holds a Zacks Rank 2 (Buy), indicating strong agreement among analysts in revising earnings estimates upward, which historically correlates with stock performance [8]. - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have shown significant outperformance compared to the S&P 500, with Zacks 1 stocks averaging a 25% annual return since 2008 [3][8]. Stock Performance - The stock has gained 35.6% over the past four weeks, driven by solid estimate revisions, suggesting strong earnings growth prospects that may lead to further stock price increases [9].

Core Viewpoint - Janus International Group, Inc. (JBI) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook driven by rising earnings estimates, which significantly influence stock prices [1][4]. Earnings Estimates and Stock Performance - The Zacks rating system is based on the changing earnings picture of a company, specifically tracking the Zacks Consensus Estimate for EPS from sell-side analysts [2]. - A strong correlation exists between earnings estimate revisions and near-term stock price movements, making the Zacks rating system valuable for investors [3][5]. - For Janus International Group, the recent increase in earnings estimates suggests an improvement in the company's underlying business, likely leading to higher stock prices [6]. Earnings Estimate Revisions - Janus International Group is projected to earn $0.65 per share for the fiscal year ending December 2025, reflecting a year-over-year increase of 14% [9]. - Over the past three months, the Zacks Consensus Estimate for Janus International Group has surged by 150%, indicating strong upward revisions by analysts [9]. Zacks Rating System - The Zacks Rank stock-rating system categorizes stocks into five groups based on earnings estimates, with a proven track record of Zacks Rank 1 stocks generating an average annual return of +25% since 1988 [8]. - The upgrade of Janus International Group to a Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting a strong potential for market-beating returns in the near term [11].

Core Viewpoint - Janus International Group, Inc. (JBI) has shown a significant price increase of 35.6% over the past four weeks, with a mean price target of $10.80 indicating a potential upside of 27.1% from the current price of $8.50 [1] Price Targets and Analyst Estimates - The mean estimate consists of five short-term price targets with a standard deviation of $3.11, indicating variability among analysts; the lowest estimate is $7 (17.7% decline), while the highest is $14 (64.7% increase) [2] - A low standard deviation suggests a high degree of agreement among analysts regarding the stock's price movement direction, although it does not guarantee the stock will reach the average target [9] Earnings Estimates and Market Sentiment - Analysts are optimistic about JBI's earnings prospects, as indicated by a positive trend in earnings estimate revisions, which has shown a strong correlation with near-term stock price movements [11] - The Zacks Consensus Estimate for the current year has increased by 35.4% over the past month, with no negative revisions reported [12] - JBI holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates, suggesting a strong potential for upside in the near term [13]

The Construction group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Great Lakes Dredge & Dock (GLDD) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Construction sector should help us answer this question.Great Lakes Dredge & Dock is a member of our Construction group, which includes 90 different companies and currently sits at #11 in the Zacks Sector Rank ...

Financial Data and Key Metrics Changes - For Q1 2025, the company reported revenue of $210.5 million, a decrease of 17.3% compared to Q1 2024 [8][12] - Adjusted EBITDA for the quarter was $38.4 million, down 42.1% year-over-year, resulting in an adjusted EBITDA margin of 18.2%, a decrease of approximately 790 basis points from the prior year [15] - Adjusted net income was $17.7 million, a decrease of 51.6% from the previous year, with adjusted EPS at $0.13 [16] Business Line Data and Key Metrics Changes - The self-storage segment saw a revenue decline of 23.1%, attributed to decreased volume due to economic uncertainty [8][12] - New construction revenues decreased by 25.5%, primarily due to project delays linked to high interest rates [12] - The R3 segment experienced a revenue increase of 19.3%, driven by door replacement and renovation activities, despite a nearly 50% decrease in retail big box conversions [12][13] Market Data and Key Metrics Changes - The international segment's revenues increased by $6.5 million, or 44.2%, compared to the prior year, due to normalizing market conditions following a recession in the UK [13] - The commercial and other sales channel experienced a 1% decline, primarily due to softness in the rolling sheet door market, partially offset by contributions from the TMC acquisition [8][12] Company Strategy and Development Direction - The company is focused on operational excellence and disciplined capital allocation while investing for long-term success [6][7] - A cost reduction plan is in place, expected to yield annual pre-tax savings of $10 million to $12 million by the end of 2025 [9][15] - The company anticipates a shift in customer focus towards optimizing and upgrading existing properties rather than new construction [17][18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the underlying demand for self-storage solutions despite current market volatility [9][11] - The company expects to see strengthening results in the latter half of 2025, with a reaffirmation of full-year revenue guidance between $860 million and $890 million [17][18] - Management noted that the current tariff environment is manageable, with estimated impacts in the low single-digit millions for 2025 [10][11] Other Important Information - The company generated cash from operating activities of $48.3 million and free cash flow of $41.9 million in the quarter, representing a free cash flow conversion of 170% of adjusted net income [16] - The company repurchased 600,000 shares for $5.1 million during the quarter, with $16.3 million remaining on its share repurchase authorization [10][17] Q&A Session Summary Question: What is the latest on project delays and order activity in the pipeline? - Management noted that projects are moving through the pipeline, with steady small growth in both backlog and pipeline [25][27] Question: How is pricing expected to change given steel inflation and tariffs? - Management indicated that pricing would blend into the year, with Q1 not as impacted due to existing inventory [28][29] Question: What is the expected cadence of cost savings from structural reductions? - The company expects to reach a full run rate for cost savings by the end of Q2, with various initiatives in place to drive these savings [52] Question: How is the R3 segment performing and what are the expectations for retail conversions? - Management observed incremental increases in R3 projects and expects retail conversions to stabilize [39][40] Question: Are there signs of stabilization in the commercial segment? - Management confirmed stabilization in the commercial segment, with growth in certain product lines [46] Question: Are there more project starts moving forward or cancellations? - Management reported an increase in project starts, with no unusual cancellations noted [48]

Financial Data and Key Metrics Changes - For Q1 2025, the company reported revenue of $210.5 million, a decrease of 17.3% compared to Q1 2024 [8][13] - Adjusted EBITDA for the quarter was $38.4 million, down 42.1% year-over-year, resulting in an adjusted EBITDA margin of 18.2%, a decrease of approximately 790 basis points from the prior year [15] - Adjusted net income was $17.7 million, a decrease of 51.6% from the previous year, with adjusted EPS at $0.13 [16] Business Line Data and Key Metrics Changes - The self-storage segment saw a revenue decline of 23.1%, attributed to reduced volume due to economic uncertainty [8][13] - New construction revenues decreased by 25.5%, primarily due to project delays linked to high interest rates [13] - The R3 segment experienced a revenue increase of 19.3%, although retail big box conversions and facility expansions were down nearly 50% [13][15] - The international segment's revenues increased by $6.5 million or 44.2% compared to the prior year, benefiting from normalizing market conditions [14] Market Data and Key Metrics Changes - The company noted ongoing macroeconomic volatility impacting customer liquidity and capital deployment [6][9] - The backlog and pipeline showed growth despite market uncertainty, indicating stability in demand for self-storage solutions [7][20] - Tariff impacts are expected to be low single-digit millions for 2025, with potential ongoing annual impacts estimated at $10 million to $12 million beyond 2025 [11][12] Company Strategy and Development Direction - The company is focused on operational excellence and disciplined capital allocation while investing for long-term success [6][7] - A cost reduction plan is in place, expected to yield annual pre-tax savings of approximately $10 million to $12 million by the end of 2025 [10][15] - The company anticipates a shift in customer focus towards optimizing and upgrading existing properties rather than new construction [18][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term fundamentals of the self-storage industry, citing strong underlying demand drivers [12][20] - The company expects results to strengthen in the latter half of 2025, with an increase in R3 project activity [18][19] - Management acknowledged the challenges posed by high interest rates but noted that project timelines are beginning to normalize [26][49] Other Important Information - The company generated cash from operating activities of $48.3 million and free cash flow of $41.9 million in the quarter, representing a free cash flow conversion of 170% of adjusted net income [16][17] - The company repurchased 600,000 shares for $5.1 million during the quarter, with $16.3 million remaining on its share repurchase authorization [17][18] Q&A Session Summary Question: What is the latest on project delays and order activity in the pipeline? - Management noted that projects are moving through the pipeline, with steady growth in both orders and backlog since the beginning of the year [26][28] Question: How is pricing being affected by tariffs and steel inflation? - Management indicated that pricing impacts are expected to blend into the year, with Q1 not as affected due to existing inventory [29][30] Question: What is the expected cadence of cost savings from structural reductions? - Management expects to reach a full run rate for cost savings by the end of Q2, with various initiatives in place to drive these savings [53][54] Question: How is the R3 segment performing and what are the expectations for retail conversions? - Management observed an increase in R3 project activity and expects steady state performance in retail conversions moving forward [40][41] Question: Are there signs of stabilization in the commercial segment? - Management confirmed stabilization in the commercial segment, with growth in certain product lines, although the commercial sheet door sector remains depressed [47]

Core Viewpoint - Janus International Group, Inc. reported quarterly earnings of $0.13 per share, exceeding the Zacks Consensus Estimate of $0.08 per share, but down from $0.21 per share a year ago, indicating a 62.50% earnings surprise [1] Group 1: Earnings Performance - The company has surpassed consensus EPS estimates two times over the last four quarters [2] - The quarterly revenue was $210.5 million, surpassing the Zacks Consensus Estimate by 1.54%, but down from $254.5 million year-over-year [2] - The earnings surprise for the last quarter was 400%, with actual earnings of $0.05 compared to an expected $0.01 [1] Group 2: Stock Performance and Outlook - Janus International Group shares have declined approximately 2.7% year-to-date, while the S&P 500 has decreased by 4.3% [3] - The current consensus EPS estimate for the upcoming quarter is $0.12 on revenues of $212.2 million, and for the current fiscal year, it is $0.48 on revenues of $874.6 million [7] Group 3: Industry Context - The Building Products - Miscellaneous industry is currently ranked in the top 38% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5]

FIRST QUARTER 2025 EARNINGS PRESENTATION May 8, 2025 JanusIntl.com 1 Adjusted EBITDA, Adjusted Net Income, Adjusted Diluted EPS, Free Cash Flow, Free Cash Flow Conversion of Adjusted Net Income, and Net Leverage Ratio are non-GAAP financial measures used by Janus to evaluate its operating performance, generate future operating plans, and make strategic decisions, including those relating to operating expenses and the allocation of internal resources. Accordingly, Janus believes these non-GAAP financial meas ...

Financial Performance - Total revenue for Q1 2025 was $210.5 million, a 17.3% decrease from $254.5 million in Q1 2024[4] - Net income for Q1 2025 was $10.8 million, or $0.08 per diluted share, down 64.8% from $30.7 million, or $0.21 per diluted share in Q1 2024[4] - Adjusted EBITDA for Q1 2025 was $38.4 million, a 42.1% decrease compared to $66.3 million in Q1 2024, with an adjusted EBITDA margin of 18.2%[4] - Adjusted net income for Q1 2025 was $17.7 million, down 51.6% from $36.6 million in Q1 2024, with adjusted net income per diluted share of $0.13[4] - Total revenue for the three months ended March 29, 2025, was $210.5 million, down 17.3% from $254.5 million in the prior year[20] - Net income for the three months ended March 29, 2025, was $10.8 million, a decrease of 64.8% compared to $30.7 million for the same period in 2024[21] - Adjusted EBITDA for the three months ended March 29, 2025, was $38.4 million, a decline of 42.1% from $66.3 million in the same period last year[21] - Non-GAAP adjusted net income for the three months ended March 29, 2025, was $17.7 million, down from $36.6 million in the same period last year[25] Revenue Breakdown - Self-storage revenues decreased by 23.1% in Q1 2025, while commercial and other revenues declined by 1.0%[4] - Revenue from self-storage new construction was $86.9 million, a decrease of 25.5% from $116.6 million in the prior year[20] - The acquisition of TMC contributed $3.5 million to the revenue of the commercial and other sales channel[4] Cash Flow and Liquidity - Cash flows provided by operating activities increased to $48.3 million for the three months ended March 29, 2025, compared to $28.6 million for the same period in 2024[19] - Free Cash Flow for the three months ended March 29, 2025, was $41.9 million, up from $24.0 million for the same period in 2024, representing a 74.6% increase[29] - Cash Flow from Operating Activities for the three months ended March 29, 2025, was $48.3 million, compared to $28.6 million for the same period in 2024[29] - Total cash as of March 29, 2025, was $140.8 million, a decrease from $149.3 million as of December 28, 2024[31] Debt and Leverage - The company’s long-term debt decreased to $544.5 million as of March 29, 2025, down from $583.2 million at the end of 2024[18] - Net Debt as of March 29, 2025, was $416.2 million, down from $449.2 million as of December 28, 2024[31] - Non-GAAP Net Leverage Ratio increased to 2.3 as of March 29, 2025, compared to 2.2 as of December 28, 2024[31] - Long-Term Debt to Net Income ratio increased to 11.0 as of March 29, 2025, from 8.5 as of December 28, 2024[31] Shareholder Actions - The company repurchased 0.6 million shares of common stock for $5.1 million, with $16.3 million remaining under its share repurchase authorization[4] Guidance and Outlook - The company reaffirmed its full-year 2025 revenue guidance in the range of $860 million to $890 million and adjusted EBITDA guidance of $175 million to $195 million[5] - The CEO expressed confidence in the company's ability to deliver solid results despite macroeconomic volatility and inflation concerns[3] Asset Management - Total assets decreased to $1,271.8 million as of March 29, 2025, down from $1,301.3 million as of December 28, 2024, representing a decline of 2.3%[18] - The company reported a decrease in cash and cash equivalents to $140.8 million as of March 29, 2025, from $149.3 million at the end of 2024[19] - Trailing Twelve-Month Free Cash Flow as of March 29, 2025, was $151.8 million, down from $175.7 million as of March 30, 2024[29] - Trailing Twelve-Month Adjusted EBITDA for the period ended March 29, 2025, was $180.6 million, down from $208.5 million for the period ended December 28, 2024[31] - GAAP diluted EPS for the three months ended March 29, 2025, was $0.08, unchanged from the same period in 2024[28] - Free Cash Flow Conversion of Non-GAAP Adjusted Net Income reached 237% for the three months ended March 29, 2025, compared to 66% for the same period in 2024[29]

The Construction group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Janus International Group, Inc. (JBI) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Construction peers, we might be able to answer that question.Janus International Group, Inc. is a member of the Constr ...