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TEMPLE, Ga. - Janus International Group, Inc. (NYSE: JBI), a prominent provider of building product solutions and access control technologies, has announced an expansion of its share repurchase program. The Board of Directors has authorized an additional $75 million in stock buybacks, supplementing the existing $100 million program. According to InvestingPro data, the company maintains a strong financial health score of GOOD, with liquid assets significantly exceeding short-term obligations through a current ratio of 2.59.
As of March 29, 2025, Janus has repurchased about 7.8 million shares of common stock, totaling approximately $83.7 million. This buyback initiative does not have a set expiration date and may be suspended or terminated at the discretion of the Board of Directors at any time. With a market capitalization of $1.2 billion and trailing twelve-month EBITDA of $171.6 million, InvestingPro analysis suggests the stock is currently trading near its Fair Value. InvestingPro subscribers have access to detailed valuation metrics and 8 additional ProTips for JBI.
Ramey Jackson, the CEO of Janus, expressed confidence in the company’s business model and its ability to consistently generate cash. "The expansion of our share repurchase program reflects the resilience of our business model and the consistency of our cash generation profile," Jackson said. He reaffirmed the company’s commitment to long-term shareholder value through prudent capital management.
The company may execute repurchases through various methods, including open market transactions and block trades, adhering to Rule 10b-18 under the Securities Exchange Act of 1934. The repurchase decisions will be based on various factors such as the stock’s intrinsic value, market conditions, liquidity, legal requirements, and other investment opportunities.
While Janus is not obligated to repurchase any specific number of shares, the program’s continuation is subject to change without notice. Funding for the repurchases is expected to come from the company’s available cash and anticipated future free cash flow.
Janus International Group is a global leader in manufacturing and supplying comprehensive solutions for self-storage, commercial, and industrial facilities. The company’s product offerings include roll-up and swing doors, hallway systems, relocatable storage units, and facility and door automation technologies.
This expansion of the share repurchase program is based on a press release statement from Janus International Group, Inc. and reflects the company’s current strategy and financial management.
In other recent news, Janus International Group reported its first-quarter 2025 earnings, revealing a noteworthy earnings per share (EPS) of $0.13, which surpassed the anticipated $0.08. The company’s revenue reached $210.5 million, slightly exceeding the forecasted $200.73 million, despite a 17.3% decline compared to the previous year. The self-storage industry faced challenges due to macroeconomic uncertainties, which impacted new construction markets. However, Janus International’s strategic initiatives and cost reduction plans helped maintain profitability. The company reaffirmed its full-year revenue guidance of $860-890 million and adjusted EBITDA guidance of $175-195 million. Analysts from KeyBanc and Jefferies noted steady growth in the company’s project pipeline and backlog, suggesting stabilization in the commercial market. Janus International’s R3 initiatives and facility upgrades are expected to drive stronger results in the latter half of 2025. The company also addressed potential tariff impacts, estimating the expense to remain in the low single-digit millions for 2025.
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