Janus International Group Third Quarter 2024 Earnings: Misses Expectations

Janus International Group (NYSE:JBI) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$230.1m (down 18% from 3Q 2023).
• Net income: US$11.8m (down 68% from 3Q 2023).
• Profit margin: 5.1% (down from 13% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: US$0.082 (down from US$0.25 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Janus International Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 7.3%. Earnings per share (EPS) also missed analyst estimates by 61%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 4.5% growth forecast for the Building industry in the US.

Performance of the American Building industry.

The company's shares are down 27% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Janus International Group, and understanding them should be part of your investment process.

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