Janus International Reports Q2 Earnings with Mixed Performance
Janus International (JBI) reported second-quarter earnings for fiscal 2026, showing total revenue of $233.5 million, a 2.4% year-over-year increase driven by the acquisition of Kiwi II Construction and international growth. However, adjusted EBITDA fell to $40.2 million—a decline of 18%—due to negative product mix effects and inflationary pressures. The company revised its full-year revenue guidance downward to between $925 million and $945 million due to weaker demand in North America. Adjusted EBITDA for the year is now expected to range from $150 million to $170 million, with a margin of 17.1% at midpoint. Inorganic revenue guidance was also adjusted downward because of project delays related to Kiwi II Construction. Despite challenges in North America and commercial segments, international growth continued, with self-storage new construction rising by 20.3%. The company repurchased $1.9 million worth of shares during the quarter and maintained a net leverage ratio within its target range.
