NYSE$JBI
Janus International Group Inc. · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported a revenue increase driven by strong performance in Restore, Rebuild & Replace (R3), grew net income, and delivered year-over-year increase in Adjusted EBITDA.
Janus International Group reported strong Q1 2023 results, with a 9.8% increase in revenues to $251.9 million and a 37% year-over-year increase in Adjusted EBITDA to $61.2 million. Net income increased to $26.0 million, or $0.18 per diluted share. The company raised its full-year 2023 revenue and Adjusted EBITDA guidance.
- Delivered 9.8% organic revenue growth.
- Net income grew to $26.0 million, with EPS of $0.18 per diluted share.
- Adjusted EBITDA increased by 37% year-over-year to $61.2 million.
- Raised full-year 2023 revenue and Adjusted EBITDA guidance.
Headline financials
Revenue & EPS history
Janus · Revenue · Quarterly
$252M
Forward guidance
Janus is raising full-year 2023 guidance as follows: Revenue in a range of $1.06 billion to $1.08 billion, Adjusted EBITDA in a range of $253 million to $278 million.
Tailwinds
- Revenue in a range of $1.06 billion to $1.08 billion, up from the previous range of $1.05 billion to $1.07 billion.
- New revenue range represents a 5.0% increase at the midpoint as compared to 2022 levels.
- Adjusted EBITDA in a range of $253 million to $278 million, up from the previous range of $250 million to $275 million.
- New Adjusted EBITDA range represents a 17.0% increase at the midpoint as compared to 2022 levels.
- Strong fundamentals in end markets, particularly in self-storage.
Headwinds
- Recent macroeconomic volatility.
- Risks of the self-storage industry.
- Highly competitive nature of the self-storage industry.
- Potential litigation, complaints, and/or adverse publicity.
- Risk of cyber incidents or directed attacks.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2023
+2.0%
Avg return
Earnings day
+1.8%
Avg return
5 days after
-4.0%
Avg return
30 days after
61%
14 / 23 earnings
Positive
+27.3%
Q3 2022
Best reaction
-29.4%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.8% | -5.7% | +3.5% | |
| Q4 2025 | -14.8% | -18.1% | -27.8% | |
| Q3 2025 | +0.8% | -5.0% | -38.3% | |
| Q1 2025 | +10.2% | +18.9% | +14.5% | |
| Q4 2024 | +13.0% | -2.6% | -10.9% | |
| Q3 2024 | -29.4% | -28.7% | -28.3% | |
| Q2 2024 | -20.9% | -22.9% | -21.6% | |
| Q1 2024 | +2.2% | +3.9% | -3.4% | |
| Q4 2023 | -4.0% | -2.3% | +1.2% | |
| Q3 2023 | -1.1% | -0.5% | +6.4% | |
| Q2 2023 | +11.8% | +15.1% | -1.8% | |
| Q1 2023 | -3.7% | -7.0% | -0.4% | |
| Q4 2022 | +3.2% | +6.2% | -7.3% | |
| Q3 2022 | +27.3% | +26.3% | +24.3% | |
| Q2 2022 | +0.4% | -2.8% | -10.9% | |
| Q1 2021 | +16.8% | +17.8% | +3.0% | |
| Q1 2022 | +16.8% | +17.8% | +3.0% | |
| Q4 2021 | +7.0% | +12.9% | +5.6% | |
| Q3 2021 | -15.6% | -8.4% | -12.6% | |
| Q3 2020 | -15.6% | -8.4% | -12.6% | |
| Q4 2020 | +14.9% | +11.6% | +7.7% | |
| Q2 2021 | +14.9% | +11.6% | +7.7% | |
| Q2 2020 | +14.9% | +11.6% | +7.7% |
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