Earnings summaries and quarterly performance for Janus International Group.
Executive leadership at Janus International Group.
Ramey Jackson
Detailed
Chief Executive Officer
CEO
AW
Anselm Wong
Detailed
Executive Vice President and Chief Financial Officer
DV
David Vanevenhoven
Detailed
Chief Accounting Officer
EK
Elliot Kahler
Detailed
General Counsel and Corporate Secretary
MH
Morgan Hodges
Detailed
Executive Vice President
PF
Pete Frayser
Detailed
Chief Commercial Officer
RC
Rebecca Castillo
Detailed
Vice President of Human Resources
VN
Vic Nettie
Detailed
Vice President of Manufacturing
Board of directors at Janus International Group.
Research analysts who have asked questions during Janus International Group earnings calls.
Jeffrey Hammond
KeyBanc Capital Markets
4 questions for JBI
Also covers: AOS, ETN, GGG +19 more
JL
John Lovallo
UBS Group AG
3 questions for JBI
Also covers: AWI, AZEK, BLDR +14 more
Philip Ng
Jefferies
3 questions for JBI
Also covers: AWI, AZEK, BALL +26 more
DM
Daniel Moore
CJS Securities, Inc.
2 questions for JBI
Also covers: BOWL, CHB, CVCO +18 more
Fiona Shang
Jefferies
2 questions for JBI
Also covers: AWI, CHB, JELD +2 more
JM
John McGlade Jr
The Benchmark Company, LLC
2 questions for JBI
WG
Will Gildea
CJS Securities
2 questions for JBI
Also covers: ATRO, EPAC, HLIO +9 more
Bradley Hewitt
Wolfe Research
1 question for JBI
Also covers: FTV, ITT, SPXC +2 more
DM
Dan Moore
B. Riley Securities
1 question for JBI
Also covers: CHB, CVCO, CVLG +20 more
DT
David Tarantino
Robert W. Baird & Co.
1 question for JBI
Also covers: ATKR, BRCB, BROS +20 more
RG
Reuben Garner
Stifel
1 question for JBI
Also covers: BCC, BECN, BLD +13 more
Recent press releases and 8-K filings for JBI.
Janus International Group Reports Q4 and Full Year 2025 Earnings, Provides 2026 Guidance
JBI
Earnings
Guidance Update
M&A
- Janus International Group reported Q4 2025 consolidated revenue of $226.3 million, a 1.9% decline year-over-year, and adjusted EBITDA of $37.2 million, up 7.5% from Q4 2024. For the full year 2025, revenue was $884.2 million and adjusted EBITDA was $168.2 million.
- The company provided 2026 revenue guidance in the range of $940 million-$980 million and adjusted EBITDA guidance of $165 million-$185 million, representing an 8.6% and 4% increase at the midpoint from 2025, respectively. This guidance includes $90 million-$100 million in inorganic revenue from the recent Kiwi II Construction acquisition.
- Janus completed a voluntary prepayment of $40 million on its first lien term loan in Q1 2025 and repurchased 1.9 million shares for $16 million throughout 2025. In February 2026, the company repriced its first lien term loan, reducing the interest rate by 50 basis points.
- The Nokē Smart Entry system saw a 25.5% year-over-year increase to 458,000 installed units by year-end 2025, with expectations to reach 500,000 units in 2026.
- Market conditions remained challenging in 2025 due to macroeconomic concerns and high interest rates, with expectations for continued constraint in North American new construction in 2026. The company's R3 (renovation, rebuild, replace) business, however, was up 12.7% in Q4 2025.
Mar 5, 2026, 3:00 PM
Janus International Group Reports Q4 and Full Year 2025 Financial Results and Provides 2026 Guidance
JBI
Earnings
Guidance Update
M&A
- Janus International Group reported full-year 2025 total revenue of $884.2 million, an 8.3% decrease compared to 2024, with Adjusted EBITDA of $168.2 million and Adjusted EPS of $0.60.
- For the fourth quarter of 2025, the company reported revenues of $226.3 million, a 1.9% decrease year-over-year, and Adjusted EBITDA of $37.2 million, a 7.5% increase compared to the fourth quarter of 2024.
- The company introduced full-year 2026 revenue guidance of $940 million to $980 million and Adjusted EBITDA guidance of $165 million to $185 million, reflecting year-over-year growth of 8.6% and 4.0% at the midpoints, respectively.
- In 2025, Janus repurchased approximately 1.9 million shares for $16.0 million and, in January 2026, acquired Kiwi II Construction for $97.2 million in cash.
Mar 4, 2026, 9:07 PM
Janus International Group Reports Q4 and Full Year 2025 Financial Results
JBI
Earnings
Guidance Update
Share Buyback
- For Full Year 2025, Janus International Group reported $884.2 million in total revenue, $53.8 million in net income, and $168.2 million in Adjusted EBITDA.
- In the fourth quarter of 2025, the company achieved $226.3 million in revenues and $37.2 million in Adjusted EBITDA.
- Janus International Group introduced full-year 2026 revenue guidance of $940 million to $980 million and Adjusted EBITDA guidance of $165 million to $185 million, reflecting year-over-year growth of 8.6% and 4.0% at the midpoints, respectively.
- The company repurchased approximately 1.9 million shares of common stock for $16.0 million in 2025.
Mar 4, 2026, 9:05 PM
ILiAD Biotechnologies Secures $115 Million Series B Financing
JBI
New Projects/Investments
Board Change
- ILiAD Biotechnologies announced the successful closing of an oversubscribed Series B financing round, raising $115 million.
- The funding was led by RA Capital Management and included new investors such as Janus Henderson Investors and BNP Paribas Asset Management Alts.
- The proceeds will support the Phase 3 development of BPZE1, ILiAD's next-generation pertussis vaccine candidate, with a pivotal human clinical trial expected to start in 2026 and initial data anticipated in 2027.
- As part of the financing, Mario Barro, Ph.D., Head of Infectious Diseases at RA Capital Management, joined ILiAD's Board of Directors.
Feb 10, 2026, 7:13 PM
Janus International Group Completes Term Loan Repricing
JBI
Debt Issuance
New Projects/Investments
- Janus International Group successfully completed a repricing of its $551 million first lien term loan on February 2, 2026.
- The repricing reduces the applicable interest rate by 50 basis points, changing it from SOFR + 250 bps to SOFR + 200 bps.
- There are no changes to the maturity of the first lien term loan, which remains August 3, 2030.
- This action is expected to lower the company's cost of capital, enhancing financial flexibility and supporting its long-term growth strategy.
Feb 2, 2026, 9:24 PM
Janus International Discusses Recent Acquisitions, Growth Drivers, and 2026 Outlook
JBI
M&A
Share Buyback
Demand Weakening
- Janus International recently acquired Kiwi II Construction for $97 million, expanding its building solutions capabilities on the West Coast, and also acquired TMC in 2024 for $60 million. The company's capital allocation priorities are M&A and share repurchases, with net leverage at 2.3 and TTM free cash flow conversion of 171% at Q3 end.
- The Nokē Smart Entry technology is gaining traction with larger institutional operators, with expectations to hit scale in 2026 and achieve 60% and higher gross margins for its software revenue once past fixed costs and reaching a 500,000 unit break-even level.
- The self-storage R3 business is expected to benefit from accelerating REIT M&A in 2026. While the commercial pre-engineered metal building segment remains stagnant, the carport and shed sector is believed to be near a bottom. Steel input costs are expected to be steady in the immediate quarter but with indications of potential price increases.
Jan 14, 2026, 2:30 PM
Janus International Discusses Strategic Acquisitions, Financials, and Outlook
JBI
M&A
New Projects/Investments
Revenue Acceleration/Inflection
- Janus International recently completed two strategic acquisitions: Kiwi II Construction for $97 million, expanding its West Coast building solutions, and TMC in 2024 for $60 million, adding facility maintenance services for trucking terminals. M&A is the number one capital allocation priority.
- The company maintains a strong financial position, reporting net leverage of 2.3x and 171% TTM free cash flow conversion at Q3 end, which is within its target range.
- The Nokē Smart Entry technology is gaining traction with larger institutional operators and is expected to reach break-even at 500,000 units, with software gross margins projected at 60% and higher. International operations are also improving, targeting high teens to low 20s EBITDA margin.
- Management anticipates accelerated M&A in the self-storage REIT sector in 2026, which is positive for its R3 business, and expects strong momentum for TMC, though the pre-engineered metal building commercial sector remains stagnant.
Jan 14, 2026, 2:30 PM
Janus International discusses recent acquisitions, financial position, and segment outlook
JBI
M&A
New Projects/Investments
Revenue Acceleration/Inflection
- Janus International recently acquired Kiwi II Construction for $97 million, which is expected to be accretive and strategically expands its exterior building solutions on the West Coast, enhancing cross-selling opportunities.
- The company reported a strong financial position with net leverage of 2.3x and 171% TTM free cash flow conversion at Q3 end.
- Management anticipates accelerated R3 self-storage business growth in 2026 due to expected REIT M&A, and projects Nokē Smart Entry technology software revenue to achieve 60%+ gross margins after reaching its break-even point.
- M&A remains the top capital allocation priority, with several acquisition targets in the pipeline, followed by share repurchases.
Jan 14, 2026, 2:30 PM
Janus International Group Acquires Kiwi II Construction
JBI
M&A
- Janus International Group, Inc. (JBI) acquired Kiwi II Construction for approximately $97.2 million in cash on January 8, 2026.
- This acquisition is expected to expand Janus's building solutions capabilities and enhance its offerings for the self-storage sector.
- The transaction reflects an approximate 5x transaction multiple of adjusted EBITDA, and Kiwi II's net sales are expected to be approximately $90.0 million in fiscal 2025.
- Post-acquisition, Janus's net leverage ratio is expected to remain within its long-term target range of 2.0x to 3.0x.
Jan 8, 2026, 10:26 PM
Janus International Group Acquires Kiwi II Construction
JBI
M&A
New Projects/Investments
- Janus International Group (JBI) announced the acquisition of Kiwi II Construction for approximately $97.2 million in cash on January 8, 2026.
- The acquisition, valued at an approximate 5x transaction multiple of adjusted EBITDA, is expected to enhance Janus's building solutions capabilities and expand its product and service offerings for the self-storage sector.
- Kiwi II Construction, a provider of self-storage and pre-engineered buildings, is projected to achieve net sales of approximately $90.0 million in fiscal 2025.
- Following the acquisition, Janus's net leverage ratio is anticipated to remain within its stated long-term target range of 2.0x to 3.0x.
Jan 8, 2026, 9:05 PM
Quarterly earnings call transcripts for Janus International Group.
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