Turnkey Solutions Provider Janus Beats On Q3 Aided By New Construction Sales Channel
Portfolio Pulse from Shivani Kumaresan
Janus International Group Inc (NYSE:JBI) reported Q3 FY23 sales growth of 6.7% YoY to $280.10 million, beating the analyst consensus estimate. Gross profit increased 23.2% to $119.1 million, with a profit margin of 42.5%. Adjusted EPS of $0.27 beat the analyst consensus estimate of $0.24. Despite the positive earnings report, JBI shares are trading lower by 2.78%.
November 06, 2023 | 3:32 pm
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Janus International Group reported better than expected Q3 FY23 results but its stock price is down.
Janus International Group reported strong Q3 FY23 results, beating analyst estimates. However, despite the positive earnings report, the company's stock price is down. This could be due to a variety of factors, including market sentiment, broader market trends, or investor expectations.
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