Janus International Q2 profit beats on Kiwi II acquisition

Janus International

11/08/2026 12:06

Overview
Global self-storage solutions maker's Q2 revenue grew 2.4% yr/yr, missing analyst expectations
Adjusted EPS and adjusted net income for Q2 beat analyst expectations
Company repurchased 367,000 shares for $1.9 mln during the quarter

Outlook
Janus sees 2026 total revenue between $925 mln and $945 mln
Company expects 2026 adjusted EBITDA of $150 mln to $170 mln
Janus says operating environment remains challenging

Result Drivers
SELF-STORAGE GROWTH - Q2 revenue growth was driven by a 15.4% increase in self-storage revenues, with new construction up 20.3% and R3 up 6.6%
KIWI II ACQUISITION - Acquisition of Kiwi II Construction contributed $19.2 mln to new construction sales channel
COMMERCIAL REVENUE DECLINE - Commercial and other revenues fell 21.2%, partially offsetting gains in self-storage

Company press release: ID:nBw5SyW8ya

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$233.50 mln
$238.78 mln (5 Analysts)
Q2 Adjusted EPS
Beat
$0.17
$0.15 (4 Analysts)
Q2 Adjusted Net Income
Beat
$23.90 mln
$20.01 mln (4 Analysts)
Q2 Net Income
 
$10.70 mln
 
Q2 Adjusted EBITDA
Miss
$40.20 mln
$41.83 mln (5 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the construction supplies & fixtures peer group is "buy"
Wall Street's median 12-month price target for Janus International Group, Inc. is $9.00, about 67.6% above its August 10 closing price of $5.37
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)