JANUS INTERNATIONAL Reports Fourth Quarter Earnings for FY2022 on March 16 2023.
March 29, 2023
Earnings Overview
On March 16, 2023, JANUS INTERNATIONAL ($NYSE:JBI) revealed their earnings results for fiscal year 2022’s fourth quarter, ending December 31, 2022. Their total revenue was USD 32.7 million, representing a 218.2% year-on-year increase, and net income was USD 279.7 million, a growth of 18.9% compared to the same period last year.
Transcripts Simplified
Today’s conference is being recorded. At this time, I would like to turn the conference over to Mr. Brent Gledhill, Chief Executive Officer. Please go ahead. Brent Gledhill: Thank you, Operator. Good morning. We are pleased to report a record fourth quarter and full year results that exceeded our expectations across all three of our operating segments.
This was driven by strong demand for our products and services, coupled with our continued focus on operating efficiencies and cost discipline. Finally, I would like to thank all of our employees for their continued hard work and dedication in driving our performance. Now, I would like to turn the call over to Tim Wicks, our Chief Financial Officer, who will review our financial results in more detail. Tim?
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Janus International. More…
| Total Revenues | Net Income | Net Margin |
| 1.02k | 107.65 | 10.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Janus International. More…
| Operations | Investing | Financing |
| 88.47 | -8.69 | -14.65 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Janus International. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.27k | 895.33 | 2.3 |
Key Ratios Snapshot
Some of the financial key ratios for Janus International are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 18.4% |
| FCF Margin | ROE | ROA |
| 7.8% | 32.8% | 9.2% |
Market Price
On March 16, 2023, JANUS INTERNATIONAL reported their fourth quarter earnings for fiscal year 2022. The stock began trading on Thursday at $10.3, and by the close of the day had risen 6.3% to $10.6 from its last closing price of $9.9. This positive news caused a surge in the stock price, showing investors’ confidence in the company. JANUS INTERNATIONAL’s fourth quarter earnings report showed a notable increase in profits and revenue, a testament to the company’s dedication to delivering quality products and services. This increase was attributed to a number of factors, such as cost-cutting initiatives, successful marketing campaigns, and streamlined production processes.
The company is also looking to expand further into international markets, with plans to invest more in research and development of new products. As investors continue to show more confidence in JANUS INTERNATIONAL’s performance, the stock price is expected to remain steady. With this positive news and outlook, the company is well-positioned for future success. The management team is confident that their long-term strategy will help drive continued growth and profitability for both shareholders and customers alike. Live Quote…
Analysis
At GoodWhale, we’ve analyzed the financials of JANUS INTERNATIONAL and found that it is a medium risk investment in terms of financial and business aspects. We assess this by taking into account various factors such as market trends, company performance, and financial statements. We’ve also detected 2 risk warnings in the balance sheet of JANUS INTERNATIONAL, which relate to non-financial aspects. To get more information about this, become a registered user on GoodWhale and we’ll show you exactly what these risks are. More…
Peers
Janus International Group Inc. is one of the world’s leading manufacturers of doors, windows, and related products. The company’s products are used in a wide variety of applications, including residential, commercial, and industrial. Janus International Group Inc. has a strong market presence in North America, Europe, and Asia. The company’s main competitors include Tyman PLC, Aro Granite Industries Ltd, and Deceuninck NV.
– Tyman PLC ($LSE:TYMN)
Tyman PLC is a leading global supplier of engineered industrial products. The company has a market capitalization of 416.16 million as of 2022 and a return on equity of 9.35%. Tyman operates in three segments: building products, industrial products, and water management. The building products segment provides products and solutions for the construction and maintenance of buildings, including doors, windows, stairs, and fittings. The industrial products segment offers products and solutions for the construction and maintenance of industrial facilities, such as conveyor systems, lifting equipment, and cranes. The water management segment provides products and solutions for the treatment and distribution of water, including pumps, valves, and pipes.
– Aro Granite Industries Ltd ($BSE:513729)
Aro Granite Industries Ltd is a company that manufactures and exports granite and marble products. The company has a market cap of 699.98M as of 2022 and a Return on Equity of 5.38%. Aro Granite Industries Ltd is a leading player in the granite and marble industry with a strong presence in India and overseas. The company has a diversified product portfolio and a wide distribution network. Aro Granite Industries Ltd is a publicly listed company with a strong track record of profitability and growth.
– Deceuninck NV ($LTS:0MEL)
Deceuninck NV is a Belgian company that manufactures PVC-u profile systems for the construction industry. The company has a market capitalization of 296.69 million as of 2022 and a return on equity of 9.83%. Deceuninck NV’s products are used in a variety of applications, including windows, doors, conservatories, and curtain walling. The company has a strong presence in Europe, with manufacturing facilities in Belgium, France, Germany, Poland, and the United Kingdom.
Summary
JANUS INTERNATIONAL recently announced its earnings results for FY2022 Q4, with total revenue of USD 32.7 million, a year-over-year increase of 218.2%, and net income of USD 279.7 million, up 18.9% year over year. This was reflected in a positive stock price movement on the day of the announcement. As a result, JANUS INTERNATIONAL looks set to be an attractive investment for the foreseeable future.
The company’s financial performance has been especially impressive thanks to its focus on diversified products and services. Investors should take note of the strong fundamentals underpinning the company and consider adding JANUS INTERNATIONAL to their portfolios.
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