John McGlade Jr's questions to Janus International Group Inc (JBI) leadership • Q2 2025
Question
John McGlade Jr, on for Reuben Gardner, asked for color on the increased replacement and renovation activity in the R3 channel and inquired about the growth runway for Noke, particularly if a macro slowdown could accelerate its adoption.
Answer
CEO & Director Ramey Jackson described the R3 activity as a blend, partly driven by prior consolidation activity. EVP & CFO Anselm Wong added that facility owners are reinvesting to improve their assets. Regarding Noke, Wong confirmed it is a key lever for customers to improve their cost position by enabling virtual management and reducing labor, making it an attractive solution in the current economic environment.