JANUS INTERNATIONAL Reports Third Quarter Earnings Results for FY2023 on November 6th.
November 21, 2023
🌥️Earnings Overview
On November 6 2023, JANUS INTERNATIONAL ($NYSE:JBI) reported their earnings for the third quarter of FY2023, ending September 30 2023. Year over year, total revenue had grown 6.7% to USD 280.1 million, while net income increased 14.2% to USD 37.0 million.
Price History
JANUS INTERNATIONAL, the leading multinational corporation, recently reported its third quarter earnings results for the fiscal year 2023. On Monday, November 6th, JANUS INTERNATIONAL’s stock opened at $10.3 and closed at $9.8, which was a 2.2% decrease from its last closing price of 10.1. This was a significant drop in the company’s stock price and a cause for concern for investors. The third quarter earnings report revealed that JANUS INTERNATIONAL’s revenues had increased by 10% over the same quarter last year, while profits had decreased by 3%. This indicated that the company was making moderate profits despite the challenging economic conditions.
Additionally, JANUS INTERNATIONAL’s operating expenses had also increased, indicating that the company was investing in resources and expanding its operations to sustain growth in the long run. Overall, JANUS INTERNATIONAL’s third quarter earnings report showed that despite the challenging economic environment, the company is still performing well and is likely to post positive results in the upcoming quarters. Investors should take note of this report and watch how the company performs in the coming months. Live Quote…
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 |
| 1.08k | 132.65 | 12.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Janus International. More…
| Operations | Investing | Financing |
| 172.27 | -15.29 | -103.05 |
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 |
| 1.3k | 816.8 | 3.27 |
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 |
| – | – | 22.0% |
| FCF Margin | ROE | ROA |
| 14.6% | 32.2% | 11.5% |
Analysis
GoodWhale has recently performed an analysis of JANUS INTERNATIONAL’s wellbeing. Our Star Chart shows that JANUS INTERNATIONAL is strong in growth, medium in profitability and weak in asset and dividend. Based on this, we concluded that JANUS INTERNATIONAL is classified as a “gorilla”, a type of company that achieved stable and high revenue or earning growth due to its strong competitive advantage. Given JANUS INTERNATIONAL’s strong competitive advantage, we believe that value investors, growth investors, and dividend investors may be interested in the company. Additionally, the company has a high health score of 8/10 with regard to its cashflows and debt, indicating that it is capable of sustaining future operations even in times of crisis. That said, JANUS INTERNATIONAL is likely a good investment opportunity for those looking to invest in a company with a sustainable competitive advantage. 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 released their financial results for the third quarter of FY2023, showing a 6.7% increase in total revenue to USD 280.1 million and a 14.2% rise in net income to USD 37.0 million. This is an encouraging sign for potential investors, indicating strong performance from the company. JANUS INTERNATIONAL has shown a commitment to steady growth, with positive revenue and income trends over the past year. Investment analysts are optimistic that this trend will continue in the coming quarters, suggesting that JANUS INTERNATIONAL is a good choice for investors looking for long-term returns.
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