Janus International Group (NYSE:JBI) reported first-quarter results that topped management’s internal expectations despite what executives described as a still-challenging macroeconomic backdrop, with softness continuing in North American self-storage new construction and parts of the commercial door market.
Chief Executive Officer Ramey Jackson said overall demand remained subdued, but the company stayed focused on execution, safety and customer service. Janus posted first-quarter revenue of $222.7 million and adjusted EBITDA of $33 million. The company also repurchased approximately 2.9 million shares for $15.7 million during the quarter and ended the period with $65 million remaining under its share repurchase authorization.
