Janus International Group reports Q2 adjusted EPS 25c, consensus 20c

Reports Q2 revenue $270.6M, consensus $261.18M. “The entire Janus team continues to execute on our long-term plan and deliver record results that exceed expectations,” said Ramey Jackson, CEO. “The strong momentum we had to start the year accelerated in the second quarter. This resulted in meaningful year-over-year revenue growth, dramatic improvement in adjusted EBITDA margins and further improvement in net leverage, which decreased another 0.3x in the quarter to 2.1x and sits comfortably in our target range. The strength in our financial results is underpinned by industry fundamentals that are driving investment by our customers across self-storage, commercial and industrial end markets. Our comprehensive suite of innovative solutions and market-leading products makes us their partner of choice. Given our solid first half results, the strength in our backlog, and our outlook for the balance of the year, we are pleased to once again raise our full-year 2023 revenue and adjusted EBITDA guidance.”