Commercial Sales and International Segment Recovery
The company reported a 6.7% increase in the commercial and other sales channel, driven by contributions from the TMC acquisition and growth in rolling steel doors. Additionally, the International segment saw a revenue increase to $28.4 million, up 58% compared to the prior year.
Noke Smart Entry System Adoption
The Noke Smart Entry System installed 409,000 units by quarter's end, marking a sequential growth of 6.5% and a year-over-year growth of 26.6%.
Recognition and Awards
Janus was named a 2025 Inside Self-Storage Best of Business winner in three categories: Best Self-Storage Door, Best Retrofitting and Refurbishing, and Best Technology Innovation.
Share Repurchase Program Expansion
The Board of Directors expanded the share repurchase program, authorizing the repurchase of an additional $75 million of common stock.