Financial Performance - Q2 2025 - Total revenue was $228.1 million[19], a decrease of 8.2%[21] - Adjusted EBITDA was $49.0 million[19], a decrease of 24.0%[21], representing a 21.5% margin[21] - Net income was $20.7 million, compared to $27.6 million in Q2 2024[19] - Adjusted diluted EPS was $0.20[21] - Free cash flow was $44.6 million[19] Financial Performance - Year-to-Date 2025 - Total revenue was $438.6 million[26], a decrease of 12.8%[26] - Adjusted EBITDA was $87.4 million[26], a decrease of 33.2%[26], representing a 19.9% margin[26] - Adjusted diluted EPS was $0.33[26] - Free cash flow was $86.5 million[26] Revenue Breakdown - Self-Storage accounted for 64.4% of revenue[18] - New Construction revenue was $93.9 million, down 15.2% year-over-year[33] - Restore, Rebuild & Replace ("R3") revenue was $52.9 million, down 14.0% year-over-year[33] - Commercial & Other revenue was $81.3 million, up 6.7% year-over-year, with organic growth of 1.7%[33] - International revenue was $28.4 million, up 57.8% year-over-year[19] Capital Allocation - The company repurchased 1.2 million shares of common stock for $10.1 million[19] - The Board of Directors approved a $75.0 million expansion of the existing share repurchase authorization[19] 2025 Guidance - Revenue is estimated to be between $860 million and $890 million[48] - Adjusted EBITDA is estimated to be between $175 million and $195 million[48]
Janus International (JBI) - 2025 Q2 - Earnings Call Presentation