Janus International Reports Q3 2026 Revenue Decline Amid North American Market Pressure
Janus International (JBI) reported a challenging third quarter for 2026, with total revenue falling 2.8% to $213.1 million. The company faced significant headwinds in its core self-storage segment, where revenue dropped 5.0% due to rising interest rates and a 58% year-over-year increase in steel costs, which delayed new project starts. Financial performance was further impacted by a 22% decline in adjusted EBITDA to $34 million, driven by volume declines and an unfavorable sales mix. While the international segment saw 6% growth and Noke connected devices grew nearly 20%, these gains were insufficient to offset North American softness. Consequently, the company has revised its full-year revenue guidance downward.
Tickers: $JBI
Topics: EBITDA decrease interest rates revenue decline self-storage market steel costs