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Janus International Group Reports Third Quarter 2026 Financial Results

JBI
  • Janus International Group reported fiscal third quarter 2026 revenues of $213.1 million, a 2.8% decrease year-over-year.
  • The company recorded a net loss of $13.3 million, or $(0.10) per diluted share, for the quarter.
  • Adjusted net income was $10.8 million, resulting in adjusted diluted EPS of $0.08.
  • Adjusted EBITDA totaled $34.0 million, down 22.0% year-over-year, with an adjusted EBITDA margin of 16.0%.
  • Self-storage revenues declined 5.0% year-over-year, driven by a 1.6% drop in new construction sales & a 10.6% decline in R3 revenues, while commercial & other revenues rose 2.3%.
  • Nokē Smart Entry System connected devices reached 524,000 at quarter-end, representing a 19.4% year-over-year increase.
  • The company repaid $30.0 million toward its First Lien Term Loan & repurchased approximately 5.0 million shares for $25.3 million during the quarter.
  • Year-to-date share repurchases totaled approximately 8.2 million shares for $42.9 million, including commissions & excise taxes.
  • Operating cash flow for the nine-month period ended October 3, 2026, was $94.6 million, with free cash flow of $86.5 million.
  • Net leverage stood at 2.9x as of October 3, 2026.
  • Janus updated its full year 2026 total revenue guidance to a range of $855 million to $865 million, reflecting a 2.7% year-over-year decrease at the midpoint.
  • Adjusted EBITDA guidance for 2026 was updated to a range of $127 million to $133 million, representing a 22.7% year-over-year decline at the midpoint.
  • CEO Ramey Jackson cited softer-than-anticipated market activity levels & stated the company is aligning its operating structure with current demand.
  • The company will host a conference call & webcast on November 10, 2026, at 10:00 a.m. Eastern time to review results.