Self-storage solutions maker Janus' Q1 adjusted EPS falls more than expected

Janus International

12/05/2026 12:05

Overview

US self-storage solutions maker's fiscal Q1 revenue rose 5.8%, beating analyst expectations

Adjusted EPS and adjusted net income for Q1 missed analyst expectations

Company repurchased 2.9 mln shares for $15.7 mln during the quarter

Outlook

Janus reaffirms 2026 revenue guidance at $940 mln to $980 mln

Company expects 2026 adjusted EBITDA of $165 mln to $185 mln

Janus says self-storage development in North America likely to remain constrained until financing conditions ease

Result Drivers

SELF-STORAGE GROWTH - Revenue growth was driven by an 8.7% increase in self-storage revenues, with new construction up 10.9% and R3 up 5.3%

KIWI II ACQUISITION - The acquisition of Kiwi II Construction contributed $18.1 mln to new construction sales

HIGHER OPERATING COSTS - Adjusted EBITDA margin declined due to increased restructuring charges, acquisition expenses, and a loss on extinguishment of debt

Company press release: ID:nBw13r51Wa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$222.7 mln
$219.21 mln (5 Analysts)
Q1 Adjusted EPS
Miss
$0.01
$0.09 (4 Analysts)
Q1 Adjusted Net Income
Miss
$1.7 mln
$15.11 mln (3 Analysts)
Q1 Net Income
$200,000
Q1 Adjusted EBITDA
Slight Beat*
$33 mln
$32.86 mln (5 Analysts)
Q1 Free Cash Flow
$33.4 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

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 77.2% above its May 11 closing price of $5.08

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 11 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)