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Janus International Group Reports Second Quarter 2026 Financial Results
TEMPLE, Ga., August 11, 2026–(BUSINESS WIRE)–Janus International Group, Inc. (NYSE: JBI) (“Janus” or the “Company”), a leading global manufacturer and provider of turnkey self-storage, commercial, and industrial building solutions, today announced financial results for its fiscal second quarter ended July 4, 2026.
Second Quarter 2026 Highlights
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Revenues of $233.5 million, up 2.4% year-over-year.
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Net income of $10.7 million, or $0.08 per diluted share.
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Adjusted Net Income* (defined as net income plus the corresponding tax-adjusted add-backs shown in the Reconciliation of Net Income to Adjusted Net Income tables below) of $23.9 million; Adjusted Diluted EPS* of $0.17.
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Adjusted EBITDA* of $40.2 million, down 18.0% year-over-year. Adjusted EBITDA Margin* (defined as Adjusted EBITDA divided by Total Revenues) was 17.2%, down approximately 430 basis points year-over-year.
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Nokē Smart Entry System installed units totaled 501,000 at quarter end, up 22.5% year-over-year.
Second quarter revenue increased 2.4% year-over-year. Total Self-Storage revenues increased 15.4%, as New Construction revenues increased 20.3%, and R3 revenues increased 6.6%. Commercial and Other revenues decreased 21.2%. The acquisition of Kiwi II Construction contributed $19.2 million to the New Construction sales channel.
For the six-month period ended July 4, 2026, operating cash flow was $60.6 million, and free cash flow* was $55.0 million. For the trailing twelve-month period ended July 4, 2026, free cash flow conversion of adjusted net income* was 129%.
During the quarter, the Company repurchased approximately 367,000 shares of common stock for a total of $1.9 million (including commissions and excise taxes).
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*Non-GAAP measure. See the sections titled “Non-GAAP Financial Measures” and “Reconciliation of GAAP to Non-GAAP Financial Measures” for more information about such Non-GAAP financial measure and a reconciliation to the most directly related GAAP financial measure. |
Ramey Jackson, Chief Executive Officer, stated, “Although our results in the second quarter came in slightly below our expectations, we continue to make progress against our strategic priorities. Most notably, during the quarter we surpassed 500,000 installed Nokē units, a milestone that represents years of investment and execution and marks an important inflection point for the platform. While the operating environment remains challenging, we are focused on executing with discipline, supporting our customers, and creating long-term value for our shareholders.”
