Janus International Group Expects FY23 Revenue $1.08B-$1.09B (Prior $1.07B-$1.09B) Vs $1.08B Est
Portfolio Pulse from Benzinga Newsdesk
Janus International Group has raised its full-year 2023 revenue guidance to a range of $1.08 billion to $1.09 billion, up from the previous range of $1.07 billion to $1.09 billion. This represents a 6.4% increase at the midpoint compared to 2022 levels. The company also increased its adjusted EBITDA guidance to a range of $280 million to $290 million, up from the previous range of $269.5 million to $289.5 million, representing a 25.6% increase at the midpoint compared to 2022 levels.
November 06, 2023 | 11:58 am
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Janus International Group has raised its FY23 revenue and EBITDA guidance, indicating a positive outlook for the company's performance.
The company's decision to raise its revenue and EBITDA guidance for FY23 suggests that it expects stronger financial performance in the future. This could potentially lead to a positive reaction from the market, driving the stock price up in the short term.
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