How did JBI's Q4 2024 earnings surprise investors?

Janus International Group (JBI) experienced a slight positive earnings surprise in Q4 2024, with an EPS surprise of $0.03, according to the earnings report. This was a positive development given the challenging market conditions the company has faced.

**Analysis of Earnings Report**:
1. **Revenue and Net Income**: JBI delivered $963.8 million in total revenue for 2024, with a net income of $70.4 million, or $0.49 per diluted share. This represents a decrease from the previous year's revenue of $1,066.4 million and net income of $35.8 million.
2. **Adjusted Metrics**: The company's adjusted EPS was $0.57, achieving an adjusted EBITDA of $208.5 million, with an adjusted EBITDA margin of 21.6%. The free cash flow conversion of non-GAAP adjusted net income was 163%.
3. **Market Conditions and Strategic Responses**: JBI has implemented cost-cutting measures aiming for $8 million to $12 million in annual pre-tax cost savings. Despite revenue declines, the company continues to generate solid cash flow, with $43 million from operating activities in Q3. The Nokä Ion offering has shown promising results in beta testing and customer interest, indicating potential future demand.