Janus Cuts 2026 Revenue Outlook to $935 Million After Q2 Sales and EBITDA Miss

1 articles · Updated · Yahoo Finance · Aug 18

Janus lowered full-year revenue guidance to $935 million from $960 million and set EBITDA guidance at $160 million, below analysts’ $170.5 million estimate, after a weaker-than-expected second quarter.
Q2 revenue rose 2.4% to $233.5 million but missed Wall Street’s $239.5 million forecast, while adjusted EBITDA of $40.2 million also fell short; adjusted EPS of $0.17 narrowly beat estimates.
Management blamed persistent macroeconomic pressure, especially soft North American new construction and commercial sheet door demand, with CEO Ramey Pierce Jackson saying customer investment and project activity were more constrained than expected.
On the earnings call, CFO Anselm Wong said project delays rather than cancellations were hurting new-construction sales and that those trends continued into the second half.
Margins remained under pressure as operating margin fell to 8.8% from 15.8% a year earlier, with Wong citing lower volumes and an unfavorable product mix even as optimization efforts and smart security and international growth offered limited support.