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Earnings Call Summary | Janus International(JBI.US) Q1 2024 Earnings Conference

Futu News ·  May 11 01:38  · Conference Call

The following is a summary of the Janus International Group, Inc. (JBI) Q1 2024 Earnings Call Transcript:

Financial Performance:

  • Janus International reported 1% higher consolidated revenue of $254.5 million for Q1 2024 and a strong adjusted EBITDA up by 8.3% compared to the year-ago quarter.

  • Cash generation from operating activities stood at $28.6 million with a free cash flow of $24 million.

  • The company repurchased 1.02 million shares for $15.3 million in Q1, and made a voluntary prepayment of $21.9 million for the first-lien term loan.

Business Progress:

  • New construction in the Self-storage segment saw a robust growth of 40.2%, and despite a 19.2% decline in the commercial and other sales channels, overall consolidated revenue was up.

  • They launched the Nokē Ion, expanding the Nokē Smart Entry product lineup.

  • Janus' digital product, Nokē, reached 300,000 connected devices, and beta testing of its potential new product, Ion, is ongoing.

More details: Janus International IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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