Janus International Group ( (JBI) ) just unveiled an announcement.
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Janus International Group reported a significant 17.9% drop in third-quarter 2024 revenues, generating $230.1 million amid economic headwinds and project delays, impacting their net income which fell 68.1% from the previous year. In response, Janus launched a cost reduction plan expected to save $8-12 million annually, while revising their full-year guidance to account for ongoing challenges. Despite these hurdles, the company remains optimistic about long-term industry fundamentals and is investing in strategic growth opportunities, including the launch of new products and synergies from recent acquisitions.
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