JBI - Janus International Non-GAAP EPS of $0.18 beats by $0.01 revenue of $251.9M beats by $9.24M

2023-05-11 07:24:42 ET

• Janus International press release ( NYSE: JBI ): Q1 Non-GAAP EPS of $0.18 beats by $0.01 .
• Revenue of $251.9M (+9.8% Y/Y) beats by $9.24M .
• Revenues of $251.9 million, a 9.8% increase compared to $229.5 million for the first quarter of 2022, driven primarily by strong performance in Restore, Rebuild & Replace (“R3”) up 26.9%, as well as modest increases in New Construction and Commercial and Other.

• Based on the Company’s current business outlook, Janus is raising full-year 2023 guidance as follows:

  • Revenue in a range of $1.06 billion to $1.08 billion, up from the previous range of $1.05 billion to $1.07 billion vs $1.07B consensus. The new range represents a 5.0% increase at the midpoint as compared to 2022 levels.
  • Adjusted EBITDA in a range of $253 million to $278 million, up from the previous range of $250 million to $275 million. The new range represents a 17.0% increase at the midpoint as compared to 2022 levels.

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