Janus International Q2 profit beats on Kiwi II acquisition
JBI•Outlook
- Janus sees 2026 total revenue between $925 million and $945 million.
- The company expects 2026 adjusted EBITDA of $150 million to $170 million.
- Janus says operating environment remains challenging.
Result drivers
- Self-storage growth - Q2 revenue growth was driven by a 15.4% increase in self-storage revenues, with new construction up 20.3% and R3 up 6.6%.
- Kiwi II acquisition - Acquisition of Kiwi II Construction contributed $19.2 million to the new construction sales channel.
- Commercial revenue decline - Commercial and other revenues fell 21.2%, partially offsetting gains in self-storage.
Q2 results and revenue drivers
Janus International's second-quarter profit beat estimates, helped by the acquisition of Kiwi II Construction, even as revenue missed analyst expectations.
- Global self-storage solutions maker's Q2 revenue grew 2.4% year over year, missing analyst expectations.
- Adjusted EPS and adjusted net income for Q2 beat analyst expectations.
- The company repurchased 367,000 shares for $1.9 million during the quarter.
