Janus International Group ( (JBI) ) just unveiled an announcement.
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Janus International Group reported a significant 17.9% drop in third-quarter 2024 revenues, generating $230.1 million amid economic headwinds and project delays, impacting their net income which fell 68.1% from the previous year. In response, Janus launched a cost reduction plan expected to save $8-12 million annually, while revising their full-year guidance to account for ongoing challenges. Despite these hurdles, the company remains optimistic about long-term industry fundamentals and is investing in strategic growth opportunities, including the launch of new products and synergies from recent acquisitions.
Learn more about JBI stock on TipRanks’ Stock Analysis page.
