By Kelly Cloonan
Shares of Janus International declined after third-quarter revenue fell, driven by weakness in its commercial segment.
The stock fell 25%, to $6.94, midday Thursday, on pace for its largest decrease in more than a year. Shares are down 5.7% this year.
For the third quarter, the provider of building-product solutions posted a profit of $15.2 million, or 11 cents a share, compared with $11.8 million, or 8 cents a share, a year earlier.
Adjusted earnings per share were 16 cents, below estimates of 19 cents a share according to analysts polled by FactSet.
Revenue fell 4.7%, to $219.3 million, below analyst expectations of $225.6 million.
Revenue in the company's commercial segment slid 20% as its trucking terminal renovation, remodeling and maintenance customers pushed out projects.
"The TMC business can be somewhat lumpy and will ebb and flow throughout the year," Chief Executive Ramey Jackson said during a call with analysts. The segment was also hit by continued weak trends in the less-than-truckload market due to tariffs, Jackson said.
For the full year, the company now expects adjusted earnings before interest, tax and depreciation of $164 million to $170 million, down from $175 million to $195 million previously.
It also narrowed its revenue guidance to a range of $870 million to $880 million for the year, compared with its prior outlook of $860 million to $890 million.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
November 06, 2025 13:55 ET (18:55 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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