NYSE$JBI

Janus International Group Inc. · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Janus International Group's financial performance declined due to decreased revenues and increased expenses.

Janus International Group reported a decrease in revenue and net income for the second quarter of 2024. Revenue decreased by 8.2% to $248.4 million, and net income decreased by 25.4% to $27.6 million, or $0.19 per diluted share. The company updated its full-year 2024 revenue and Adjusted EBITDA guidance.

  • Total revenue was $248.4 million, an 8.2% decrease compared to the second quarter of 2023.
  • Net income was $27.6 million, or $0.19 per diluted share, a 25.4% decrease compared to the second quarter of 2023.
  • Adjusted EBITDA was $64.5 million, a 12.8% decrease compared to the second quarter of 2023.
  • The company repurchased 0.75 million shares for $10.1 million in the second quarter.

Headline financials

Total Revenue

$248M

Previous: $271M-8.2%
EPS (adj)

$0.21

Previous: $0.25-16.0%
Capital Expenditures

-$10.3M

Previous: -$9.6M-7.3%
Free Cash Flow

$17.3M

Previous: $27.4M-36.8%
Net Income

$27.6M

Previous: $37M-25.4%
Operating Income

$51.6M

Previous: $64.3M-19.7%
Gross Profit

$109M

Previous: $116M-6.3%
Cash & Equivalents

$110M

Previous: $111M-0.5%
Total Assets

$1.34B

Previous: $1.29B+3.7%
Stock-Based Comp

$3.4M

Previous: $1.78M+90.9%

Revenue & EPS history

Janus · Revenue · Quarterly

$248M

Q2 2024-8.2%vs Q2 2023
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Forward guidance

Janus International Group updated its full-year 2024 guidance, expecting revenue in the range of $1.005 billion to $1.035 billion and Adjusted EBITDA in the range of $255 million to $275 million.

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 2024

Historical avgQ2 2024

+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

Earnings price reactions
QuarterReport dateReaction (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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