Self-storage products maker Janus Q3 revenue falls more than expected on weak commercial demand

Janus International

06/11/2025 12:03

Overview

Janus fiscal Q3 revenue declines 4.7% yr/yr, missing analyst expectations

Adjusted EPS for fiscal Q3 misses analyst expectations

Company repurchased 82 thousand shares for $0.8 mln, indicating confidence in future growth

Outlook

Janus expects full-year 2025 revenue between $870 mln and $880 mln

Company forecasts 2025 adjusted EBITDA between $164 mln and $170 mln

Result Drivers

REVENUE DECLINE - 4.7% decrease in total revenue driven by a 20.1% drop in Commercial and Other revenues, mainly due to project timing in TMC business

SELF-STORAGE GROWTH - Self-Storage revenues increased by 3.7%, partially offsetting declines in other segments

NET INCOME INCREASE - Net income rose 28.8% to $15.2 mln, attributed to operational efficiencies and cost management

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$219.30 mln
$225.62 mln (5 Analysts)
Q3 Adjusted EPS
Miss
$0.16
$0.20 (4 Analysts)
Q3 Adjusted Net Income
Miss
$22.60 mln
$28.54 mln (3 Analysts)
Q3 Net Income
$15.20 mln
Q3 Adjusted EBITDA
Miss
$43.60 mln
$49.94 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 $11.00, about 15.5% above its November 5 closing price of $9.29

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release: ID:nBw6ngGm9a

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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.)