Q1 2026 Janus International Group Inc Earnings Call Transcript
Key Points
- Janus International Group Inc (JBI) reported total revenue of $222.7 million for the first quarter, exceeding expectations.
- The company maintained a strong liquidity position with $183.8 million in total liquidity, including $112 million in cash and equivalents.
- JBI's acquisition of Kiwi II Construction is advancing its strategic priority of greater penetration in the self-storage market.
- The NokÄ Smart Entry platform saw a 24.2% year-over-year increase in installed units, highlighting growth in smart security solutions.
- International segment revenue increased by 28.8% compared to the prior year, driven by growth in new construction activity and market share gains.
- Adjusted EBITDA for the first quarter was $33 million, down 14.1% compared to the first quarter of 2025, with a margin decrease of approximately 340 basis points.
- The self-storage business in North America experienced continued softness, with new construction revenues down 9.9% year-over-year on an organic basis.
- The Commercial and Other segment saw a revenue decrease of 0.5%, primarily due to softness in demand for commercial sheet doors.
- Adjusted net income for the quarter was $1.7 million, a significant drop from $17.7 million in the prior year period.
- The company anticipates continued challenges in the operating environment, with new construction activity in North America likely to remain constrained.
Hello, and welcome to the Janus International Group first-quarter 2026 earnings conference call. (Operator Instructions) As a reminder, this conference is being recorded. I would now like to turn the call over to your host, Ms. Sara Macioch, Senior Director, Investor Relations of Janus. Thank you. You may begin, Ms. Macioch.
Thank you, operator, and thank you all for joining our earnings conference call. I am joined today by our Chief Executive Officer, Ramey Jackson; and our Chief Financial Officer, Anselm Wong. We hope that you have seen in our earnings release issued this morning. We have also posted a presentation in support of this call, which can be found in the Investors section of our website at janusintl.com. Our remarks in the press release, presentation and on this call contain forward-looking statements regarding the company's business, strategy, operations and financial performance.
Please review the forward-looking statements section in today's press
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