What factors drove the changes in Janus International's revenue and profit?

What guidance did Janus International's management provide for the next earnings period?

What is the revenue and EPS growth rate for Janus International year over year?

What is Janus International's latest dividend and current dividend yield?

What does Janus International do and what are its main business segments?

What is the market's earnings forecast for Janus International next quarter?

What is Janus International's gross profit margin?

What were the key takeaways from Janus International’s earnings call?

- **Revenue resilience**: Q3 revenue down 4.7% YoY but self-storage (+3.7%) and international (+32.9%) offset weakness in North America.
- **Margin expansion**: EBITDA margin 19.9% (up 120bps YoY), driven by cost savings and international mix.
- **Smart Entry growth**: Noke Ion adoption accelerates with 35.9% YoY unit growth and institutional traction.
- **Financial strength**: $256 million liquidity, 2.3x net leverage, and $10-12 million annual cost savings.
- **Guidance confidence**: 2025 EBITDA margin 19.1%, with focus on M&A and innovation for long-term growth.

**【CEO Summary Section】**
- Q3 2025 revenue of $219.3 million (-4.7% YoY), driven by 3.7% growth in self-storage (New Construction +5.5%, R3 +0.7%).
- International segment revenue up 32.9% YoY, offsetting North American market softness.
- Noke Smart Entry adoption accelerates with 439,000 units installed (+35.9% YoY), including new Ion model for commercial doors.
- Cost reduction program on track for $10-12 million annual savings.
- 2025 guidance: Revenue $870-880 million, EBITDA $164-170 million (midpoint EBITDA margin 19.1%).

**【CFO Financial Commentary】**
- Q3 adjusted EBITDA $43.6 million (+1.2% YoY), margin 19.9% (up 120bps YoY due to cost savings and mix shift to higher-margin international business).
- Free cash flow $8.3 million, cash conversion of adjusted net income 171%.
- Share repurchase program: $800,000 spent in Q3, $80.5 million remaining authorization.
- Net leverage 2.3x, within target range of 2-3x.
- S&P upgrades credit rating to BB- (stable outlook).

**【Q&A Highlights】**
- TMC business decline ($11 million Q3 impact) due to project timing and LTL trucking weakness; expect recovery in 2026.
- Noke Smart Entry adoption accelerates with institutional customers reporting 90% theft reduction.
- Steel pricing stable, hedged through 2025 with no significant cost pass-through needed.
- Backlog and pipeline stable, with shovel-ready sites for faster construction starts.
- Focus on M&A and innovation (e.g., metal decking product line expansion).

Janus International Group, Inc. (JBI) Q3 2025 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

JBI

JBI fundamentals

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