Filing Flows › Janus International Group (JBI) › Q4 2024
Janus International Group (JBI) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 26, 2025
Janus International Group (JBI) reported revenue of $231M for the fourth quarter 2024 (Q4 2024), -13% from a year earlier and +0.3% from the quarter before. Operating margin was 5.5%, net earnings $300K (0.1% of revenue).
Janus International Group, Q4 2024: revenue $231M (-12% year over year), operating margin 5.5%, net earnings $300K, operating cash flow $51.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $231M | +0.3% | -13% |
| Gross profit | $87.2M | -4% | -24% |
| Operating profit | $12.8M | -52% | -80% |
| Net earnings | $300K | -97% | -99% |
| Operating cash flow | $51.4M | +20% | -25% |
| Free cash flow | $45.3M | +15% | -28% |
What changed
Revenue was $230.8M in Q4 2024, down 13% year over year and roughly flat from the previous quarter. Product revenues was the largest line at 79% of revenue.
Gross margin was 37.8%, down 5.6 points from a year earlier. Operating profit was $12.8M, a 5.5% margin (down 18.7 points year over year). Operating expenses grew 47% against a revenue fall of 13%. The fastest-growing cost line was General & admin (+43%). Net earnings were $300K, down 99% year over year. The effective tax rate was 95.7%.
Operating cash flow was $51.4M (down 25% year over year), 17133% of net earnings. Non-cash charges added back $11.4M of depreciation and amortization and $3.5M of share-based compensation. Working capital and other items added $36.2M. Capital expenditures of $6.1M left free cash flow of $45.3M.
Questions
What was Janus International Group's revenue in the fourth quarter 2024?
Janus International Group (JBI) reported revenue of $231M for the fourth quarter 2024 (Q4 2024), -13% from a year earlier and +0.3% from the quarter before.
Was Janus International Group profitable in the fourth quarter 2024?
Operating profit was $12.8M (5.5% of revenue) and net earnings $300K.