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Janus International Group (JBI)
NYSE:JBI
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Earnings Data
Report Date
Mar 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.02Last Year’s EPS
$0.24Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2024
|% Change Since: -25.99%
|Next Earnings Date:Mar 12, 2025
Earnings Call Sentiment|Negative
The earnings call reflects significant challenges with declining revenues and margins across all sales channels, project deferrals, and credit losses, partially mitigated by strong cash flow, liquidity, and a successful share repurchase program. However, the lowlights outweigh the highlights, indicating ongoing market headwinds.Company Guidance
During the Janus International Group Q3 2024 earnings call, the company provided guidance reflecting ongoing challenges and market conditions. The executives adjusted their full-year 2024 guidance, expecting revenues in the range of $910 million to $925 million, and adjusted EBITDA between $195 million and $205 million, equating to an adjusted EBITDA margin midpoint of 21.8%. They forecast annual pretax cost savings of $8 million to $12 million from structural cost reductions, with one-time pretax charges estimated between $2 million to $4 million. The call highlighted a decline in consolidated revenue by 17.9%, with self-storage down 22.4% and commercial sales down 7.8%. Despite near-term challenges, the company remains optimistic about long-term fundamentals, expecting market recovery and growth in 2025 driven by catalysts such as the Noke Ion offering and industry consolidation.Noke Ion Rollout and Customer Interest
The company rolled out the Noke Ion offering in early October, with promising results from beta testing and customer interest.
Strong Cash Flow and Liquidity
Despite challenges, the company achieved free cash flow of $39.3 million with a 134% conversion rate of adjusted net income on a trailing 12-month basis. Total liquidity was $226.7 million, including $102.1 million of cash.
Share Repurchase Program Execution
The company repurchased 4.3 million shares for $45.5 million in the third quarter, as part of a $100 million share repurchase program.
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JBI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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JBI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $10.31 | $7.24 | -29.78% |
| Aug 07, 2024 | $13.28 | $11.25 | -15.29% |
| May 09, 2024 | $13.40 | $13.96 | +4.18% |
| Feb 28, 2024 | $14.95 | $14.17 | -5.22% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Janus International Group (JBI) report earnings?
Janus International Group (JBI) is schdueled to report earning on Mar 12, 2025, TBA Not Confirmed.
What is Janus International Group (JBI) earnings time?
Janus International Group (JBI) earnings time is at Mar 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is JBI EPS forecast?
JBI EPS forecast for the fiscal quarter 2024 (Q4) is $0.02.
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