Janus International Group (JBI) Q3 2026 earnings summary

Executive summary

• Q3 revenue was $213.1M, down 2.8% YoY; GAAP net loss was $13.3M, while Adjusted EBITDA fell 22.0% to $34.0M.

• Nine-month revenue rose 1.7% to $669.3M, driven by $48.0M of Kiwi II revenue, while organic revenue declined $36.6M.

• Softer-than-expected activity prompted operational alignment and efficiency measures; long-term priorities include greater self-storage content, Nokē adoption, commercial growth and disciplined acquisitions.

Financial highlights

• Q3 gross profit was $70.5M versus $85.7M; operating loss was $5.5M versus operating income of $29.4M YoY.

• Q3 Adjusted Net Income was $10.8M versus $22.6M; Adjusted Diluted EPS was $0.08 versus $0.16.

• Q3 operating cash flow was $34.0M and free cash flow was $31.5M; nine-month figures were $94.6M and $86.5M, respectively.

• Nine-month Adjusted EBITDA was $107.2M, down 18.2%; the $18.3M impairment was excluded from Adjusted EBITDA and Adjusted Net Income.

Outlook and guidance

• FY2026 revenue guidance is $855M–$865M, including $55M–$60M of inorganic Kiwi II revenue; midpoint implies a 2.7% YoY decline.

• FY2026 Adjusted EBITDA guidance is $127M–$133M, implying a 22.7% YoY decline at midpoint; no quantitative GAAP reconciliation was provided under the unreasonable-efforts exception.

• Guidance assumes no improvement in current conditions; management expects demand headwinds to continue and sees no evidence of recovery entering next year.

• Cost actions target $10.8M of annualized savings when fully implemented, with roughly half expected in 2026 and half in 2027; initiatives include footprint optimization and operational streamlining.