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Janus International Group: Good Long-Term Prospects And A Reasonable Valuation (Rating Upgrade)
seekingalpha.com· 2024-05-24 19:42
primeimages Janus International's Revenue Analysis and Outlook After the pandemic, the company's revenue saw good growth as a result of healthy demand for its products driven by an increase in conversions and expansion of unused retail spaces to self-storage capacity. This was further supported by price increases and inorganic growth from M&A. However, towards the middle of 2023, the demand began to normalize within the remodeling & commercial sector given the macroeconomic uncertainties and tough YoY compa ...
Janus (JBI) Acquires TMC for Expansion of Facilitate Division
zacks.com· 2024-05-21 18:05
Janus International Group, Inc. (JBI) announced that it has acquired Terminal Maintenance and Construction ("TMC"), which is expected to support growth of its Facilitate division. Madison, GA-based TMC is a premier terminal maintenance services provider for the trucking industry in the Southeast. The integration will help JBI to provide complete facility maintenance services, with an initial focus on commercial customers. Share Price Performance JBI's shares rose 2.7% on May 20 during the trading session. A ...
Janus (JBI) Q1 Earnings & Revenues Beat Estimates, Rise Y/Y
Zacks Investment Research· 2024-05-10 18:20
Janus International Group, Inc. (JBI) reported splendid results for first-quarter fiscal 2024, wherein earnings and revenues topped the Zacks Consensus Estimate and increased on a year-over-year basis.The company’s growth trend was backed by improved market conditions, product mix and commercial actions. It witnessed solid contributions from its Self-Storage segment, which were somewhat offset by declines in the Commercial and Other segment. Also, positive impacts of segment mix and declines in material cos ...
Janus International (JBI) - 2024 Q1 - Earnings Call Presentation
2024-05-10 01:48
1 FIRST QUARTER 2024 EARNINGS PRESENTATION FORWARD-LOOKING STATEMENTS NON-GAAP FINANCIAL MEASURES | --- | --- | --- | --- | |----------------------------------------|--------------------------------------------|-------|-------| | | | | | | AGENDA | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Ramey Jackson Chief Executive Officer | Anselm Wong Chief Financial Officer | | | | Business Overview & Market Update | 1Q24 Financial Overview & Guidance Update | | | • 1.0% organic revenue growth First Q ...
Janus International Group, Inc. (JBI) Q1 Earnings and Revenues Beat Estimates
Zacks Investment Research· 2024-05-09 13:06
Janus International Group, Inc. (JBI) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.18 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10.53%. A quarter ago, it was expected that this company would post earnings of $0.25 per share when it actually produced earnings of $0.24, delivering a surprise of -4%.Over the last four quarters, ...
Janus International (JBI) - 2024 Q1 - Quarterly Results
2024-05-09 10:55
Achieved an 8.3% Year-over-Year Increase in Adjusted EBITDA to $66.3 Million JANUS INTERNATIONAL GROUP REPORTS FIRST QUARTER 2024 FINANCIAL RESULTS Delivered 1.0% Total Revenue Growth Net Income Grew 18.1% to $30.7 Million, or $0.21 Per Diluted Share, with Adjusted EPS of $0.21 Deployed $15.3 Million into Share Repurchases during First Quarter and a $21.9 Million Debt Repayment Subsequent to Quarter End Reiterate Full-year 2024 Revenue and Adjusted EBITDA Guidance TEMPLE, GA, May 9, 2024 – Janus Internation ...
Janus International Group, Inc. (JBI) Earnings Expected to Grow: Should You Buy?
Zacks Investment Research· 2024-05-02 15:06
Wall Street expects a year-over-year increase in earnings on higher revenues when Janus International Group, Inc. (JBI) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on May 9, 2024, might help the stock move higher if these key numbers are b ...
Janus International (JBI) - 2023 Q4 - Annual Report
2024-02-28 21:35
Financial Overview - Steel coils comprise approximately 58.3% of commodity spend for the fiscal year ended December 30, 2023, down from 62.2% in the previous year[326]. - The interest rate on the Amendment No. 6 First Lien term loan as of December 30, 2023, was 8.76%, based on Adjusted Term SOFR with a 1.00% floor[327]. - The Company maintains a $125.0 million credit facility with an interest rate of 6.8% as of December 30, 2023[328]. - Inflationary factors may adversely affect operating results if the Company cannot pass on cost increases to customers[332]. Customer and Employee Insights - As of December 30, 2023, one customer accounted for 11% of the accounts receivable balance, with no other customers exceeding 10%[331]. - The Company has 1,864 full-time and part-time employees worldwide, with approximately 59% engaged in manufacturing and production roles[63][64]. Environmental and Safety Initiatives - The Company aims to cut greenhouse gas emissions by up to 40% from 2005 levels in the U.S. by 2030, in line with the Inflation Reduction Act of 2022[62]. - The Company tracks OSHA recordable injuries and lost time rates monthly, establishing annual safety targets[66]. Raw Material Management - The Company has not entered into hedges for raw material costs but may consider doing so in the future to combat price fluctuations[326]. - The Company continues to develop new potentially patentable products and enhancements, with patents expiring between 2026 and 2041[57].
Janus International (JBI) - 2023 Q4 - Annual Results
2024-02-28 11:55
JANUS INTERNATIONAL GROUP REPORTS FOURTH QUARTER AND FULL YEAR 2023 FINANCIAL RESULTS AND ANNOUNCES $100 MILLION SHARE REPURCHASE PROGRAM Delivered 4.6% Organic Revenue Growth in 2023 Increased 2023 Net Income 25.9% to $135.7 Million, or $0.92 Per Diluted Share, with Adjusted EPS of $0.94 Achieved 2023 Adjusted EBITDA of $285.6 Million, Up 25.9% Year-over-Year Realized 2023 Free Cash Flow Conversion of Non-GAAP Adjusted Net Income of 142% Initiates Full-year 2024 Revenue and Adjusted EBITDA Guidance Reaffir ...
Janus International (JBI) - 2023 Q3 - Quarterly Report
2023-11-06 22:17
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission file number 001-40456 ________________________ JANUS INTERNATIONAL GROUP, INC. (Exact name of r ...