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Jun 29, 2024
Janus Q2 2024 Earnings Report
Janus International Group's financial performance declined due to decreased revenues and increased expenses.
Key Takeaways
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.
Revenue by Segment
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
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Avg. Return Before/After Earnings
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