Janus International Group Inc - Ordinary Shares - Class A Stock News

I rate Janus International Group (JBI) as a hold due to expected poor performance in 4Q24 and FY25, driven by lower volume and price cuts. JBI's revenue declined by ~18% y/y in 3Q24, with adj EBITDA falling ~43% y/y, missing consensus expectations significantly. The absence of past tailwinds like high raw material prices and strong housing demand will likely lead to further adj EBITDA contraction.

Janus International Group, Inc. (NYSE:JBI ) Q3 2024 Earnings Conference Call October 29, 2024 10:00 AM ET Company Participants Sara Macioch - Senior Director-IR Ramey Jackson - CEO Anselm Wong - CFO Conference Call Participants Jeff Hammond - KeyBanc Capital Markets Reuben Garner - Benchmark Phil Ng - Jefferies Daniel Moore - CJS Securities Brad Hewitt - Wolfe Research Spencer Kaufman - UBS Ope...

TEMPLE, Ga.--(BUSINESS WIRE)--Janus International Group, Inc. (NYSE: JBI) (“Janus” or the “Company”), a leading provider of building product solutions and cutting-edge access control technologies for the self-storage and other commercial and industrial sectors, today announced financial results for its fiscal third quarter ended September 28, 2024. Third Quarter 2024 Highlights Revenues of $230...

TEMPLE, Ga.--(BUSINESS WIRE)--Janus International Group, Inc. (NYSE: JBI) (“Janus” or the “Company”), a leading global provider of cutting-edge access control technologies and building product solutions for the self-storage and other commercial and industrial sectors, announced today that the Company will release its third quarter 2024 financial results before the market opens on Tuesday, Octob...

I maintain a buy rating on Janus International despite the recent stock price correction. The company's long-term growth prospects remain strong, driven by high storage REIT utilization, aging facilities, and new product launches. JBI's near-term revenue decline is due to project deferrals but no cancellations, indicating potential for strong growth when interest rates drop.

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Janus International Group has good growth prospects due to high demand for new construction projects in the storage industry and long-term trends in e-commerce. Growth in R3 business should also benefit from easing comps in the coming quarters. Janus International is trading at a discount to its historical averages and peer valuations, making it an attractive investment opportunity.

TEMPLE, Ga.--(BUSINESS WIRE)--Janus International Group, Inc. (NYSE: JBI) (“Janus” or the “Company”), a leading provider of cutting-edge access control technologies and building product solutions for the self-storage and other commercial and industrial sectors, today announced its acquisition of Terminal Maintenance and Construction (“TMC”), a premier provider of terminal maintenance services f...