24/7 Market News Snapshot 26 February, 2025 – Janus International Group, Inc. (NYSE:JBI)

February 26, 2025

DENVER, Colo., 26 February, 2025 (247marketnews.com) – (NYSE:JBI) are discussed in this article.
Janus International Group, Inc. (JBI) has recently experienced a decline in its stock price, opening today at $9.395 and currently trading at $9.205, a decrease of approximately 14.21% from a previous close of $8.060. With a trading volume of 2.13 million shares, heightened investor activity is evident, suggesting a potential bearish sentiment possibly influenced by recent market news or broader economic trends. Investors are advised to monitor support levels around $9.00 and resistance near the opening price, as analyzing historical price trends and trading volume may provide insights into future market movements amid current volatility.

In conjunction with market activities, Janus has announced its financial results for the fourth quarter and the full year ending December 28, 2024. The fourth-quarter revenues reached $230.8 million, representing a 12.5% decrease from $263.7 million in the same quarter last year. Contributing factors included a 17.3% decline in the self-storage segment; however, the acquisition of TMC yielded an additional revenue boost of $9.5 million. Net income for the quarter was recorded at $0.3 million, or $0.00 per diluted share, a significant drop from $35.8 million, or $0.24 per diluted share, in the prior year.

For the entire fiscal year, Janus reported total revenues of $963.8 million, a 9.6% decline from $1,066.4 million in 2023. Despite the challenges faced, net income was marked at $70.4 million, or $0.49 per diluted share. Adjusted Net Income also saw a decrease to $82.1 million for the year.

CEO Ramey Jackson emphasized the company’s resilience, stating that Janus remains committed to innovation and improving customer service despite adverse market conditions. Initiatives such as the integration of TMC and new product launches underscore the firm’s focus on sustainable growth. Looking forward, Janus has provided revenue guidance for 2025, anticipating totals between $860 million and $890 million, with projected Adjusted EBITDA of $175 million to $195 million. The company is reaffirming its long-term targets of achieving annual organic revenue growth of 4-6% and an Adjusted EBITDA margin of 25-27%, reflecting a strategic commitment to delivering value to its stakeholders amid a challenging landscape.

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