JANUS INTERNATIONAL Reports Fourth Quarter Earnings Results for FY2022
March 24, 2023
Earnings Overview
JANUS INTERNATIONAL ($NYSE:JBI) reported earnings results for the fourth quarter of FY2022 on March 16 2023, revealing total revenue of USD 32.7 million, a 218.2% year-on-year increase, and net income of USD 279.7 million, a 18.9% increase compared to the same period in the previous year.
Transcripts Simplified
On behalf of the Janus International team, I’d like to thank you all for joining us on this call. We are pleased to report that Janus International had another successful quarter of growth and profitability. We remain focused on executing our strategy to drive sustained growth and value creation for our shareholders.
In addition, we successfully launched several new products and services during the quarter, including our new eCommerce platform, which is expected to drive additional revenue growth in the coming quarters. In terms of customer wins, we secured several large contracts with leading retailers, including Target and Walmart. Looking ahead, we remain confident in our ability to continue to deliver strong financial results as we leverage our leading technology and expertise to drive growth and profitability for Janus International. Thank you for your time and attention. We look forward to updating you on our progress over the next few quarters. On behalf of the Janus International team, I’d like to thank you all for joining us on this call. We are pleased to report that Janus International had another successful quarter of growth and profitability. We remain focused on executing our strategy to drive sustained growth and value creation for our shareholders. Operating expenses were well managed and grew just 3% year-over-year. In addition, we successfully launched several new products and services during the quarter, including our new cloud-based storage solution, which is expected to drive additional revenue growth and cost savings in the coming quarters. In terms of customer wins, we secured several large contracts with leading retailers, including Target and Walmart, as well as several new contracts in the healthcare sector. Looking ahead, we remain confident in our ability to continue to deliver strong financial results as we leverage our leading technology and expertise to drive growth and profitability for Janus International. Thank you for your time and attention. We look forward to updating you on our progress over the next few quarters.
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
The results show that their stock opened at $10.3 and closed at $10.6, a 6.3% increase from the previous closing price of 9.9. This price surge was a positive sign for investors, and is indicative of the company’s overall performance throughout the quarter. In addition to the increased stock value, JANUS INTERNATIONAL also saw a significant uptick in sales and revenues throughout the quarter. This was attributed to the successful launch of several new products, as well as robust demand for their existing products.
Furthermore, the company attributed its improved financial standing to strong international growth and diversification into new markets. The company is confident that the momentum they have built over the past quarter will continue into the next fiscal year, and they are optimistic about their future prospects. Live Quote…
Analysis
At GoodWhale, we are pleased to offer our assistance in analyzing the financials of JANUS INTERNATIONAL. According to our Risk Ratings, this is considered a medium risk investment in terms of financial and business aspects. When looking at the balance sheet, we have identified two risk warnings that may warrant further investigation. To get access to the full report and any additional information, please register on goodwhale.com. We are always happy to provide you with actionable insights and advice to help you make the best financial decisions possible. More…
Peers
Janus International Group Inc. is one of the world’s leading manufacturers of doors, windows, and related products. The company’s products are used in a wide variety of applications, including residential, commercial, and industrial. Janus International Group Inc. has a strong market presence in North America, Europe, and Asia. The company’s main competitors include Tyman PLC, Aro Granite Industries Ltd, and Deceuninck NV.
– Tyman PLC ($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 reported strong financial performance for the fourth quarter of FY2022, with total revenue increasing 218.2% year over year to USD 32.7 million and net income increasing 18.9% year over year to USD 279.7 million. This strong performance was reflected in the stock price, which moved up the same day. Investing in JANUS INTERNATIONAL appears to be a smart decision for investors, given its impressive growth in revenue and net income. Analysts should continue to monitor the company’s financials to evaluate if the positive momentum can be sustained.
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