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Oct 01, 2022
Janus Q3 2022 Earnings Report
Delivered strong revenue growth and increased Adjusted EBITDA and Net Income.
Key Takeaways
Janus International Group reported a 39.8% increase in revenue, driven by strong performance across all sales channels. Adjusted EBITDA increased by 74.3%, and net income grew by over 108%. The company raised its full-year 2022 revenue and Adjusted EBITDA outlook.
Revenue increased by 39.8%, including a 35.2% organic improvement.
Adjusted EBITDA increased by over 74% to $63.3 million.
Net Income grew to $32.4 million, an increase of over 108%.
Adjusted EBITDA margin improved by approximately 480 basis points.
Forward Guidance
Janus is raising its full-year 2022 outlook.
Positive Outlook
- Revenue in a range of $990 million to $1.01 billion, up from the previous range of $940 million to $960 million.
- The new revenue range represents a 33.3% increase at the midpoint as compared to 2021 levels.
- Adjusted EBITDA in a range of $218 million to $225 million, up from the previous range of $204 million to $211 million.
- The new Adjusted EBITDA range represents a 49.5% increase at the midpoint as compared to 2021 levels.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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