NYSE$JBI
Janus International Group Inc. · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Janus International Group reported a decrease in revenue but an increase in net income for Q4 2023.
Janus International Group reported a decrease in revenue of 5.7% to $263.7 million, driven by a decline in Commercial and Other revenues, partially offset by an increase in Self-Storage revenues. Net income increased to $35.8 million, or $0.24 per diluted share. Adjusted EBITDA increased by 8.9% to $74.3 million.
- Revenue decreased by 5.7% to $263.7 million compared to Q4 2022.
- Net income increased to $35.8 million, or $0.24 per diluted share.
- Adjusted EBITDA increased by 8.9% to $74.3 million.
- The company announced a $100 million share repurchase program.
Headline financials
Revenue & EPS history
Janus · Revenue · Quarterly
$264M
Forward guidance
Janus is providing initial full year 2024 guidance as follows: 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 and 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.
Tailwinds
- Delivering annual organic revenue growth in the range of 4% to 6%
- Sustaining Adjusted EBITDA margin in a range of 25% to 27%
- Continuing significant cash flow generation, including free cash flow conversion of adjusted net income in a range of 75% - 100%
- Maintaining strong balance sheet with net leverage in a range of 2.0x to 3.0x
- Revenue in a range of $1.092 billion to $1.125 billion
Headwinds
- The 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 2024 guidance under the “unreasonable efforts” exception in Item 10(e)(1)(i)(B) of Regulation S-K.
- Providing the most directly comparable GAAP financial measure, or a quantitative reconciliation thereto, cannot be done without unreasonable effort due to the 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.
- The variability of these items could have an unpredictable, and potentially significant, impact on our future GAAP financial results.
- There are a number of limitations related to the use of Adjusted EBITDA and Adjusted Net Income rather than net income (loss)
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 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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