Janus International Group reports Q3 adjusted EPS 27c, consensus 24c

Reports Q3 revenue $280.1M, consensus $275.47M. “Building on the momentum from the first half of the year, the Janus team delivered another quarter of outstanding operational performance driven by particularly strong results from our New Construction sales channel,” said CEO Ramey Jackson. “Industry fundamentals continue to drive investment in self-storage capacity which resulted in substantial year-over-year revenue and adjusted EBITDA improvement, sizable expansion in adjusted EBITDA margins, strong free cash flow generation and another meaningful decline in net leverage. Our market-leading products and solutions, commitment to operational excellence, and best-in-class service model positions us well to deliver exceptional performance for our customers across each of our end markets. Given our robust year-to-date 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.”