Janus International Group reported first-quarter 2026 revenue of $222.7 million, up 5.8% from a year earlier, as growth in its self-storage business outweighed a small decline in commercial and other sales.
Self-storage revenue rose 8.7% year over year. Within that segment, new construction revenue climbed 10.9%, while R3 revenue increased 5.3%. Commercial and other revenue slipped 0.5%.
The company said the acquisition of Kiwi II Construction added $18.1 million to new construction sales during the quarter.
Profitability was weaker than a year ago. Adjusted EBITDA fell 14.1% to $33.0 million, and adjusted EBITDA margin dropped to 14.8%, down about 340 basis points from the prior-year quarter.
Net income was $0.2 million, or essentially breakeven at $0.00 per diluted share. Adjusted net income was $1.7 million, with adjusted diluted EPS of $0.01.
Cash generation remained solid. Operating cash flow was $36.2 million, and free cash flow was $33.4 million. Over the trailing 12 months ended April 4, 2026, free cash flow conversion of adjusted net income was 155%.
During the quarter, Janus repurchased about 2.9 million shares for $15.7 million, including commissions and excise taxes. The market has reacted to these announcements by moving the company's shares -11.22% to a price of $4.51. For the full picture, make sure to review Janus International's 8-K report.
