NYSE$JBI
Janus International Group Inc. · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Janus International Group reported record results driven by strong performance in Restore, Rebuild & Replace (R3) and Commercial and Other segments, offset by a decrease in New Construction.
Janus International Group reported a strong fourth quarter and full year 2022, driven by revenue growth and margin expansion. The company achieved an 18.9% increase in revenue for the fourth quarter, with net income rising to $32.7 million. Looking ahead, Janus introduced its long-term strategic and financial outlook, anticipating sustained organic growth and margin expansion.
- Revenues increased by 18.9% to $279.7 million compared to Q4 2021.
- Net income was $32.7 million, or $0.22 per diluted share, compared to $10.3 million, or $0.07 per diluted share in Q4 2021.
- Adjusted EBITDA increased by 57.5% to $68.3 million compared to Q4 2021.
- Operating cash flow was $25.9 million compared to $15.1 million in Q4 2021.
Headline financials
Revenue & EPS history
Janus · Revenue · Quarterly
$280M
Forward guidance
Janus provided initial full-year 2023 guidance, anticipating revenue in the range of $1.05 billion to $1.07 billion and Adjusted EBITDA in the range of $250 million to $275 million.
Tailwinds
- Expanding its position as the industry leader in a resilient well-structured market
- Delivering strong market growth through commercial actions, share gains across all three sales channels, increasing content per square foot, and expanding adoption of Nokē Remote Access
- Driving robust EBITDA margins through productivity initiatives, relentless cost containment, and a growing suite of higher margin solutions offerings
- Continuing to deliver solid free cash flow generation and conversion of adjusted net income, providing capital deployment optionality to drive shareholder value
- Executing value-accretive acquisitions targeting bolt-on and adjacent categories that benefit from the Company’s market leading position in core competencies
Headwinds
- The estimates set forth above were prepared by the Company’s management and are based upon a number of assumptions.
- See “Forward-Looking Statements.”
- The Company has excluded a quantitative reconciliation with respect to the Company’s 2023 guidance under the “unreasonable efforts” exception in Item 10(e)(1)(i)(B) of Regulation S-K.
- See "Non-GAAP Financial Measures" below for additional information.
- There can be no assurance that the events, results, trends or guidance regarding financial outlook identified in these forward-looking statements will occur or be achieved.
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 Q4 2022
+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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