Janus International Group reported fourth-quarter 2024 revenues of $230.8 million, a 12.5% decrease year-over-year. Adjusted diluted EPS for the quarter was $0.05, and adjusted EBITDA was $34.6 million, representing a 53.4% decrease and a 15.0% margin. For the full year 2024, total revenue was $963.8 million, a 9.6% decrease, with adjusted EBITDA at $208.5 million, down 27.0%, and an adjusted EBITDA margin of 21.6%.
Despite the revenue and EBITDA declines, the company demonstrated strong cash flow generation, with operating cash flow of $154.0 million and free cash flow of $133.9 million for the full year 2024. The free cash flow conversion of adjusted net income was 163%. Janus also maintained a solid balance sheet with a net debt to adjusted EBITDA ratio of 2.2x and liquidity of $231.3 million at year-end 2024.
Janus repurchased 7.1 million shares for $79.6 million during 2024, reflecting its disciplined capital allocation strategy. The company provided full-year 2025 revenue guidance of $875 million at the midpoint, which was above analysts' estimates. This guidance, along with ongoing structural cost reduction efforts targeting $10 million to $12 million in annual pretax savings, aims to lay the groundwork for sustainable profit generation.
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