Janus International Group Sees FY24 Revenues Of $1.005B-$1.035B Vs. $1.11B Estimate (Prior View: $1.092B-$1.125B)
Portfolio Pulse from Benzinga Newsdesk
Janus International Group has updated its financial outlook for FY24, projecting revenues between $1.005 billion and $1.035 billion, which is lower than the previous estimate of $1.11 billion. The adjusted EBITDA is also expected to decrease by 7.2% at the midpoint compared to 2023 levels.
August 07, 2024 | 11:19 am
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Janus International Group has revised its FY24 revenue guidance to $1.005 billion-$1.035 billion, down from the previous estimate of $1.11 billion. Adjusted EBITDA is also expected to decrease by 7.2% at the midpoint compared to 2023 levels.
The downward revision in revenue and adjusted EBITDA guidance indicates potential challenges in the company's business outlook, which is likely to negatively impact investor sentiment and the stock price in the short term.
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