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Janus International Group (JBI) Q2 FY2022 earnings: revenue $248 million, up 42.2% on the year

Janus International Group, Inc. (JBI) reported revenue of $248 million for Q2 FY2022, the quarter ended 2 July 2022, up 42.2% on the same quarter a year earlier. Net income was $23 million, and diluted earnings per share $0.16. The figures are the company's own, from the 10-Q it filed with the SEC on 16 August 2022.

Revenue$248 millionup 42.2%
Net income$23 million
Diluted EPS$0.16
QuarterQ2 FY2022ended 2 July 2022

The quarter, against the one before and a year earlier

LineQ2 FY2022Q1 FY2022A year earlierChange on the year
Revenue248230n/an/a
Cost of revenue164153n/an/a
Gross profit84.076.6n/an/a
Gross margin33.9%33.4%n/a
Operating income39.835.1n/an/a
Operating margin16.1%15.3%n/a
Interest expense8.98.8n/an/a
Pre-tax income30.626.3n/an/a
Income tax7.86.6n/an/a
Effective tax rate25.5%25.1%n/a
Net income22.819.7n/an/a
Net margin9.2%8.6%n/a
Diluted EPS$0.16$0.13n/an/a
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

LineQ2 FY2022Q1 FY2022A year earlierChange on the year
Operating cash flow18.424.8n/an/a
Capital expenditure2.42.9n/an/a
Free cash flow16.021.9n/an/a
Free cash flow margin6.5%9.5%n/a
Cash from investing-2.3-2.9n/an/a
Cash from financing-2.1-8.4n/an/a
Depreciation and amortisation9.69.1n/an/a
Share-based compensation0.90.6n/an/a
Diluted shares, weighted147m147mn/an/a
Shares outstanding at period end147m147mn/an/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

LineQ2 FY2022Q1 FY2022A year earlierChange on the year
Shareholders' equity308287n/an/a
Debt710711n/an/a
Operating lease liabilities37.638.2n/an/a
Finance lease liabilities0.50.5n/an/a
Other liabilities150162n/an/a
Total liabilities and equity1,2061,199n/an/a
Fixed assets42.642.6n/an/a
Goodwill368369n/an/a
Cash and equivalents40.726.6n/an/a
Receivables133119n/an/a
Inventory66.864.2n/an/a
Other assets555577n/an/a
Total assets1,2061,199n/an/a

Questions

What was Janus International Group's revenue in Q2 FY2022?

Janus International Group (JBI) reported revenue of $248 million for Q2 FY2022, the quarter ended 2 July 2022, up 42.2% on the same quarter a year earlier.

How much did Janus International Group earn in Q2 FY2022?

Net income for Q2 FY2022 was $23 million, and diluted earnings per share $0.16.

When did Janus International Group report Q2 FY2022 results?

Janus International Group filed its 10-Q for the quarter ended 2 July 2022 with the SEC on 16 August 2022.

Quarterly results, the last 20 quarters

Q3 FY2021Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022 †Q4 FY2022 *Q1 FY2023 †Q2 FY2023 †Q3 FY2023Q4 FY2023 * †Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue188235230248263280252271280264254248230231210228219226223234
Cost of revenue126159153164166172152154161149144139139144129135134144148153
Gross profit62.276.676.684.096.810899.911611911411010991.287.281.993.285.782.275.280.3
Gross margin33%33%33%34%37%38%40%43%43%43%43%44%40%38%39%41%39%36%34%34%
Operating income25.228.635.139.853.958.651.064.366.563.955.551.626.712.825.336.029.420.813.120.6
Operating margin13%12%15%16%21%21%20%24%24%24%22%21%12%6%12%16%13%9%6%9%
Interest expense7.79.68.88.911.013.416.014.814.514.714.413.011.610.610.29.18.78.88.17.4
Pre-tax income21.210.526.330.643.045.335.049.349.449.141.237.115.16.915.427.121.312.62.513.1
Tax rate17%2%25%25%25%28%26%25%25%27%25%26%22%96%30%24%29%44%92%18%
Net income17.710.319.722.832.432.726.037.037.035.730.727.611.80.310.820.715.27.10.210.7
Net margin9%4%9%9%12%12%10%14%13%14%12%11%5%0%5%9%7%3%0%5%
Diluted EPS$0.10$0.07$0.13$0.16$0.22$0.22$0.18$0.25$0.25$0.24$0.21$0.19$0.08$0.00$0.08$0.15$0.11$0.05$0.00$0.08
Operating cash flow14.915.124.818.419.425.950.246.449.968.528.631.043.051.448.351.415.024.836.224.4
Capital expenditure11.93.92.92.42.61.06.13.53.95.54.65.73.76.16.46.86.75.62.82.8
Free cash flow2.911.221.916.016.924.944.142.846.063.024.025.339.345.341.944.68.319.233.421.6
Buybacksn/an/an/an/an/an/a0.00.00.00.015.39.945.08.65.010.00.90.015.51.9
Shares outstanding138m147m147m147m147m147m147m147m147m147m146m145m141m140m140m139m139m139m136m136m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 2 July 2022, filed 16 August 2022: the filing.