Aug 11, 2026, 7:00 AM ETBasic Materials

Janus International Group — Second Quarter 2026 Earnings Summary

JBIJANUS INTERNATIONAL GROUP INC

Financial Performance

Total revenue for the quarter ended July 4, 2026, was $233.5 million, an increase of 2.4% year-over-year.
Net income was $10.7 million, or $0.08 per diluted share, compared to $20.7 million, or $0.15 per diluted share, in the prior year period.
Adjusted Net Income was $23.9 million, resulting in Adjusted Diluted EPS of $0.17.
Adjusted EBITDA was $40.2 million, a decrease of 18.0% year-over-year, with an Adjusted EBITDA Margin of 17.2%, down approximately 430 basis points year-over-year.
Operating cash flow for the six-month period ended July 4, 2026, was $60.6 million.
Free cash flow for the six-month period ended July 4, 2026, was $55.0 million.
Free cash flow conversion of adjusted net income for the trailing twelve-month period ended July 4, 2026, was 129%.
Cash and cash equivalents were $127.0 million as of July 4, 2026, down from $194.4 million as of January 3, 2026.
Long-term debt, net, was $538.9 million as of July 4, 2026.
Net debt (senior secured indebtedness less cash) was $422.6 million as of July 4, 2026, up from $356.6 million as of January 3, 2026.
The Non-GAAP Net Leverage Ratio was 2.7 as of July 4, 2026, compared to 2.1 as of January 3, 2026.

Full-year 2026 Total Revenue guidance is updated to a range of $925 million to $945 million, representing 5.7% year-over-year growth at the midpoint.
Full-year 2026 Inorganic Revenue guidance is updated to a range of $80 million to $90 million.
Full-year 2026 Adjusted EBITDA guidance is updated to a range of $150 million to $170 million, representing a 4.9% year-over-year decline at the midpoint.
Management noted that the operating environment remains challenging but emphasized a focus on disciplined execution and long-term value creation.

Total Self-Storage revenues increased 15.4% year-over-year.
New Construction revenues increased 20.3% year-over-year, driven in part by the acquisition of Kiwi II Construction, which contributed $19.2 million to the channel.
R3 revenues increased 6.6% year-over-year.
Commercial and Other revenues decreased 21.2% year-over-year.
Nokē Smart Entry System installed units totaled 501,000 at quarter end, up 22.5% year-over-year.

The self-storage industry faces a highly competitive nature, which is cited as a risk factor.
Management highlighted the Nokē Smart Entry System milestone as an inflection point for the platform amidst a challenging operating environment.

Risks include general economic conditions, supply chain constraints, tariffs, geopolitical conflicts, fluctuating interest rates, and adverse macroeconomic conditions.
Specific risks include the inability to successfully integrate and develop Kiwi II Construction, the risk that demand outlook may not be as strong as anticipated, and risks related to share repurchase programs.
Potential for litigation, complaints, adverse publicity, and cyber incidents are noted as material risks.

CEO Ramey Jackson stated that second-quarter results came in slightly below expectations but progress is being made against strategic priorities.
Management expressed confidence in the Nokē platform milestone, describing it as the result of years of investment and execution.
The tone reflected a focus on discipline, customer support, and long-term shareholder value despite current challenges.

The Company repurchased approximately 367,000 shares of common stock during the quarter for a total of $1.9 million, including commissions and excise taxes.
The acquisition of Kiwi II Construction contributed $19.2 million to New Construction sales during the quarter.
The Company operates out of several U.S. and international locations providing turnkey self-storage, commercial, and industrial building solutions.
A conference call and webcast were scheduled for August 11, 2026, to review results.