NYSE$JBI
Janus International Group Inc. · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Reported a revenue increase and net income growth in Q1 2024.
Janus International Group reported a 1.0% increase in total revenue, reaching $254.5 million, and an 18.1% increase in net income to $30.7 million, or $0.21 per diluted share. The company's Adjusted EBITDA grew by 8.3% year-over-year to $66.3 million. They also deployed $15.3 million into share repurchases during the quarter.
- Total revenue increased by 1.0% to $254.5 million.
- Net income grew by 18.1% to $30.7 million, with EPS at $0.21.
- Adjusted EBITDA increased by 8.3% year-over-year to $66.3 million.
- The company repurchased 1.02 million shares for $15.3 million.
Headline financials
Revenue & EPS history
Janus · Revenue · Quarterly
$255M
Forward guidance
Janus is reiterating its full year 2024 guidance.
Tailwinds
- Revenue in a range of $1.092 billion to $1.125 billion, which represents a 4.0% increase at the midpoint as compared to 2023 levels.
- Adjusted EBITDA in a range of $286 million to $310 million, which represents a 4.3% increase at the midpoint as compared to 2023 levels.
- Comprehensive suite of market leading products.
- Innovative mix of technology-driven offerings.
- Strategic alignment and resilience of business model.
Headwinds
- Risks of the self-storage industry.
- The highly competitive nature of the self-storage industry and Janus’s ability to compete therein.
- Litigation, complaints, and/or adverse publicity.
- Cyber incidents or directed attacks that could result in information theft, data corruption, operational disruption, and/or financial loss.
- Risk that the demand outlook for Janus’s products may not be as strong as anticipated.
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 2024
+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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