Fubotv earnings beat by $0.10, revenue topped estimates
Investing.com -- Shares of Janus International Group, Inc (NYSE: JBI) rose 10% after the company reported fourth-quarter earnings and revenue that surpassed analyst expectations and issued positive guidance for the fiscal year 2025.
The Temple, Georgia-based company, a key player in access control technologies and building solutions, announced a fourth-quarter earnings per share (EPS) of $0.05, which was $0.03 higher than the analyst estimate of $0.02. Revenue for the quarter was reported at $230.8 million, significantly exceeding the consensus estimate of $185.19 million. However, this marked a 12.5% decrease from the $263.7 million reported in the same period last year.
For the full year, Janus International saw revenues of $963.8 million, a decrease from the previous year’s $1,066.4 million. The company’s net income for 2024 was $70.4 million, or $0.49 per diluted share, compared to $135.7 million, or $0.92 per diluted share in 2023. Adjusted EBITDA for 2024 came in at $208.5 million, a decline from $285.6 million in the prior year, reflecting decreased revenue and increased operating expenses.
Looking ahead, Janus provided a forecast for fiscal year 2025 with revenue expectations ranging between $860 million and $890 million, which is above the consensus estimate of $849.8 million. The company also set an Adjusted EBITDA target of $175 million to $195 million for the year.
The company’s stock movement was buoyed by a statement from Keybanc analyst Jeffrey D. Hammond, who noted that Janus’s adjusted EBITDA of $34.6 million was well above forecasts, driven by a resilient top line across all product lines. "JBI’s reported 4Q24 adj. EBITDA of $34.6M, well-above our forecast of $27.2M (consensus of $26.9M), as a more resilient top line across all product lines (core down ~-16% vs. our ~-32%) drove the majority of the delta vs. our model, with margins also ahead of our expectations (albeit down ~-370 bps q/q)," said Hammond.
Despite the year-over-year declines, CEO Ramey Jackson expressed confidence in the company’s long-term value proposition and its ability to drive value creation for stakeholders. The company has reaffirmed its long-term financial targets, which include annual organic revenue growth of 4% to 6%, an Adjusted EBITDA margin of 25% to 27%, and a net leverage ratio of 2.0x to 3.0x.
Investors reacted positively to the news, pushing Janus International’s stock upward in the latest trading session.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.