NYSE$JBI
Janus International Group Inc. · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Reported record results driven by strong performance in New Construction and R3 sales channels.
Janus International Group reported a strong second quarter with a 9.2% increase in revenues, a 62% increase in net income, and a 46% increase in Adjusted EBITDA. The company also raised its full-year 2023 revenue and Adjusted EBITDA guidance.
- Revenues increased by 9.2% to $270.6 million due to strong performance in New Construction and R3.
- Net income grew by 62.0% to $37.0 million, with EPS of $0.25 per diluted share.
- Adjusted EBITDA increased by 46.0% year-over-year to $74.0 million, with margin expansion of approximately 680 basis points.
- Net leverage reduced by 1.8x year-over-year to 2.1x, within the target range.
Headline financials
Revenue & EPS history
Janus · Revenue · Quarterly
$271M
Forward guidance
Janus is raising full-year 2023 guidance.
Tailwinds
- Revenue in a range of $1.07 billion to $1.09 billion, up from the previous range of $1.06 billion to $1.08 billion.
- New revenue range represents a 5.9% increase at the midpoint as compared to 2022 levels.
- Adjusted EBITDA in a range of $269.5 million to $289.5 million, up from the previous range of $253 million to $278 million.
- New Adjusted EBITDA range represents a 23.2% increase at the midpoint as compared to 2022 levels.
- The company's outlook is based on current business conditions and a number of assumptions.
Headwinds
- Estimates were prepared by the Company’s management and are based upon a number of assumptions.
- The Company has excluded a quantitative reconciliation with respect to the Company’s 2023 guidance under the “unreasonable efforts” exception
- Inherent uncertainty and difficulty in predicting certain non-cash, material and/or non-recurring expenses or benefits, legal settlements or other matters, and certain tax positions.
- Variability of these items could have an unpredictable, and potentially significant, impact on our future GAAP financial results.
- Forward-looking statements speak only as of the date they are made, and Janus is not under any obligation to update them.
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 Q2 2023
+2.0%
Avg return
Earnings day
+1.8%
Avg return
5 days after
-4.3%
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% | — | |
| 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 2020 | -15.6% | -8.4% | -12.6% | |
| Q3 2021 | -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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