Janus International Group Reports Second Quarter 2025 Financial Results
Second Quarter 2025 Highlights
Revenues of $228.1 million, an 8.2% decrease compared to $248.4 million for the second quarter of 2024, as a 14.8% decline in total Self-Storage revenues offset a 6.7% increase in Commercial and Other revenues. Inorganic revenue in the Commercial and Other sales channel totaled $3.8 million, reflecting a partial quarter of contribution from TMC which was acquired in May 2024.
Net income of $20.7 million, or $0.15 per diluted share, a 25.0% decrease compared to $27.6 million, or $0.19 per diluted share in the second quarter of 2024.
Adjusted Net Income* (defined as net income plus the corresponding tax-adjusted add-backs shown in the Reconciliation of Net Income to Adjusted Net Income tables below) of $28.2 million, down 21.9% compared to $36.1 million in the second quarter of 2024. Adjusted Net Income per diluted share of $0.20, a 20.0% decrease compared to $0.25 per diluted share in the second quarter of 2024.
Adjusted EBITDA* of $49.0 million, a 24.0% decrease compared to $64.5 million for the second quarter of 2024. Adjusted EBITDA Margin (defined as Adjusted EBITDA divided by Total Revenues) was 21.5%, a decrease of approximately 450 basis points from the prior year period.
Repurchased approximately 1.2 million shares of common stock for $10.1 million (including commissions and excise taxes). At quarter end, the Company had $81.3 million of remaining capacity on its recently expanded share repurchase authorization.
'Janus delivered strong results in the second quarter, and I am pleased with our performance in the first half of 2025 as our team continued to execute well in a dynamic operating environment,' said Ramey Jackson, Chief Executive Officer. 'While we continue to see softness in the domestic self-storage business due to elevated interest rates and macroeconomic uncertainty, we are encouraged by positive trends in the commercial business and in our international markets.'
Mr. Jackson continued, 'Given our solid year-to-date results and current visibility into our end markets, we are reaffirming our full-year 2025 revenue and Adjusted EBITDA outlook. Despite near-term challenges and market fluctuations, our strong balance sheet and robust cash flow profile provide us ample flexibility to expand our suite of offerings and capabilities to drive growth and further improve profitability. As we look ahead, we are confident in our ability to deliver long-term value for our shareholders.'
2025 Financial Outlook
Based on the Company's current business outlook, Janus is reaffirming its full year 2025 guidance as follows:
The estimates set forth above were prepared by the Company's management and are based upon a number of assumptions. See 'Forward-Looking Statements.' The Company has excluded a quantitative reconciliation with respect to the Company's 2025 guidance under the 'unreasonable efforts' exception in Item 10(e)(1)(i)(B) of Regulation S-K. See 'Non-GAAP Financial Measures' below for additional information.
About Janus International Group
Janus International Group, Inc. (www.JanusIntl.com) is a leading global manufacturer and supplier of turn-key self-storage, commercial and industrial building solutions, including: roll-up and swing doors, hallway systems, relocatable storage units and facility and door automation technologies. The Janus team operates out of several U.S. and international locations.
Conference Call and Webcast
The Company will host a conference call and webcast to review second quarter results and conduct a question-and-answer session on Thursday, August 7, 2025 at 10:00 a.m. Eastern Time. The live webcast and archived replay of the conference call can be accessed on the Investors section of the Company's website at www.janusintl.com. For those unable to access the webcast, the conference call will be accessible domestically or internationally, by dialing 1-800-225-9448 or 1-203-518-9708, respectively. Upon dialing in, please request to join the Janus International Group Second Quarter 2025 Earnings Conference Call. To access the replay of the call, dial 1-844-512-2921 (Domestic) and 1-412-317-6671 (International) with pass code 11159362.
Forward-Looking Statements
Certain statements in this communication, including the estimated guidance provided under '2025 Financial Outlook' herein, may be considered 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this communication are forward-looking statements, including, but not limited to statements regarding Janus's belief regarding the demand outlook for Janus's products and the strength of the industrials markets. When used in this communication, words such as 'plan,' 'believe,' 'expect,' 'anticipate,' 'intend,' 'outlook,' 'estimate,' 'forecast,' 'project,' 'continue,' 'could,' 'may,' 'might,' 'possible,' 'potential,' 'predict,' 'should,' 'would,' and other similar words and expressions or the negative of such terms or other similar expressions, as they relate to the management team, identify forward-looking statements. The forward-looking statements contained in this communication are based on our current expectations and beliefs concerning future developments and their potential effects on us. We cannot assure you that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Some factors that could cause actual results to differ materially from forward-looking statements or historical performance: (i) risks of the self-storage industry; (ii) the highly competitive nature of the self-storage industry and Janus's ability to compete therein; (iii) litigation, complaints, and/or adverse publicity; (iv) risks from tariffs; (v) cyber incidents or directed attacks that could result in information theft, data corruption, operational disruption, and/or financial loss; (vi) the risk that our share repurchase program will be fully consummated or that it will enhance shareholder value; and (vii) the risk that the demand outlook for Janus's products may not be as strong as anticipated. There can be no assurance that the events, results, trends or guidance regarding financial outlook identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and Janus is not under any obligation and expressly disclaims any obligation, to update, alter, or otherwise revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. This communication is not intended to be all-inclusive or to contain all the information that a person may desire in considering an investment in Janus and is not intended to form the basis of an investment decision in Janus. All subsequent written and oral forward-looking statements concerning Janus or other matters and attributable to Janus or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above and under the heading 'Risk Factors' in Janus's most recently filed Annual Report on Form 10-K and Quarterly Report on Form 10-Q, as updated from time to time in amendments and its subsequent filings with the SEC.
Non-GAAP Financial Measures
Janus uses measures of performance that are not required by or presented in accordance with GAAP in the United States. Non-GAAP financial performance measures are used to supplement the financial information presented on a GAAP basis. These non-GAAP financial measures should not be considered in isolation or as a substitute for the relevant GAAP measures and should be read in conjunction with information presented on a GAAP basis.
Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Net Income, Adjusted Earnings Per Share (EPS), Free Cash Flow Conversion, Net Leverage Ratio, and Net Debt are non-GAAP financial measures used by Janus to evaluate its operating performance, generate future operating plans, and make strategic decisions, including those relating to operating expenses and the allocation of internal resources. Accordingly, Janus believes Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Net Income, Adjusted EPS, Free Cash Flow Conversion, Net Leverage Ratio, and Net Debt provide useful information to investors and others in understanding and evaluating Janus's operating results in the same manner as its management and board of directors and in comparison with Janus's peer group companies. In addition, Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Net Income, Adjusted EPS, Free Cash Flow Conversion, Net Leverage Ratio, and Net Debt provide useful measures for period-to-period comparisons of Janus's business, as they remove the effect of certain non-recurring events and other non-recurring charges, such as acquisitions, and certain variable or non-recurring charges. Adjusted EBITDA is defined as net income excluding interest expense, income taxes, depreciation expense, amortization, and other non-operational, non-recurring items. Adjusted Net Income is defined as net income plus the corresponding tax-adjusted add-backs shown in the Adjusted EBITDA reconciliation.
Please note that the Company has not provided the most directly comparable GAAP financial measure, or a quantitative reconciliation thereto, for the Adjusted EBITDA forward-looking guidance for 2025 and long-term outlook included in this communication in reliance on the 'unreasonable efforts' exception provided under Item 10(e)(1)(i)(B) of Regulation S-K. Due to the forward-looking nature of projected Adjusted EBITDA, providing the most directly comparable GAAP financial measure, or a quantitative reconciliation thereto, cannot be done without unreasonable effort due to the inherent uncertainty and difficulty in predicting certain non-cash, material and/or non-recurring expenses or benefits, legal settlements or other matters, and certain tax positions. Because these adjustments are inherently variable and uncertain and depend on various factors that are beyond the Company's control, the Company is also unable to predict their probable significance. The variability of these items could have an unpredictable, and potentially significant, impact on our future GAAP financial results and amounts excluded from these non-GAAP measures in future periods could be significant.
Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Net Income, Adjusted EPS, Free Cash Flow Conversion, Net Leverage Ratio, and Net Debt should not be considered in isolation of, or as an alternative to, measures prepared in accordance with GAAP. There are a number of limitations related to the use of Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Net Income, Adjusted EPS, Free Cash Flow Conversion, Net Leverage Ratio, and Net Debt rather than net income (loss), which is the nearest GAAP equivalent of Adjusted EBITDA and Adjusted Net Income. These limitations include that the non-GAAP financial measures: exclude depreciation and amortization, and although these are non-cash expenses, the assets being depreciated may be replaced in the future; do not reflect interest expense, or the cash requirements necessary to service interest on debt, which reduces cash available; do not reflect the provision for or benefit from income tax that may result in payments that reduce cash available; exclude non-recurring items (i.e., the extinguishment of debt); and may not be comparable to similar non-GAAP financial measures used by other companies, because the expenses and other items that Janus excludes in the calculation of these non-GAAP financial measures may differ from the expenses and other items, if any, that other companies may exclude from these non-GAAP financial measures when they report their operating results. Because of these limitations, these non-GAAP financial measures should be considered along with other operating and financial performance measures presented in accordance with GAAP.
Janus International Group, Inc.
Consolidated Balance Sheets
(In millions, except share and per share data - Unaudited)
June 28, 2025
December 28, 2024
ASSETS
Current assets
Cash and cash equivalents
$
173.6
$
149.3
Accounts receivable, less allowance for credit losses of $14.6 and $18.1, as of June 28, 2025 and
December 28, 2024, respectively
114.4
136.5
Contract assets
28.9
23.2
Inventories
53.9
53.3
Prepaid expenses
8.8
7.2
Other current assets
18.2
16.0
Total current assets
$
397.8
$
385.5
Property, plant, and equipment, net
65.1
56.8
Right-of-use assets, net
58.5
59.7
Intangible assets, net
358.2
373.5
Goodwill
384.0
383.1
Deferred tax assets, net
33.9
36.9
Other assets
5.0
5.8
Total assets
$
1,302.5
$
1,301.3
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Accounts payable
$
67.1
$
53.9
Contract liabilities
16.4
17.9
Current maturities of long-term debt
7.5
8.8
Accrued expenses and other current liabilities
61.4
56.2
Total current liabilities
$
152.4
$
136.8
Long-term debt, net
543.2
583.2
Deferred tax liabilities, net
3.8
1.7
Other long-term liabilities
59.3
60.8
Total liabilities
$
758.7
$
782.5
STOCKHOLDERS' EQUITY
Common stock, 825,000,000 shares authorized, $0.0001 par value, 148,329,835 and
147,280,524 shares issued as of June 28, 2025 and December 28, 2024, respectively
$
—
$
—
Treasury stock, at cost, 9,466,039 and 7,276,549 shares as of June 28, 2025 and December 28,
2024, respectively
(99.3
)
(81.4
)
Additional paid-in capital
308.1
299.7
Accumulated other comprehensive loss
(0.8
)
(3.8
)
Retained earnings
335.8
304.3
Total stockholders' equity
$
543.8
$
518.8
Total liabilities and stockholders' equity
$
1,302.5
$
1,301.3
Expand
Janus International Group, Inc.
Consolidated Statements of Cash Flows
(In millions - Unaudited)
Six Months Ended
June 28, 2025
June 29, 2024
Cash flows provided by operating activities
Net income
$
31.5
$
58.3
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation of property, plant, and equipment
5.9
5.9
Noncash lease expense
3.9
3.6
Provision for inventory obsolescence
1.1
—
Amortization of intangibles
16.5
15.5
Deferred income taxes, net
5.1
5.7
Deferred finance fee amortization
1.6
1.4
Provision for expected losses on accounts receivable
0.3
0.5
Share-based compensation
8.4
5.3
Loss on equity method investment
0.3
—
Changes in operating assets and liabilities, excluding effects of acquisition
Accounts receivable
22.3
(2.7
)
Contract assets
(5.1
)
16.9
Prepaid expenses and other current assets
(3.2
)
(13.7
)
Inventories
(1.1
)
(2.2
)
Other assets
0.4
0.1
Accounts payable
12.2
(2.8
)
Contract liabilities
(2.2
)
(1.6
)
Accrued expenses and other current liabilities
5.0
(27.4
)
Other long-term liabilities
(3.2
)
(3.2
)
Net cash provided by operating activities
$
99.7
$
59.6
Cash flows used in investing activities
Purchases of property, plant, and equipment
$
(13.2
)
$
(10.3
)
Cash paid for acquisition, net of cash acquired
—
(60.1
)
Net cash used in investing activities
$
(13.2
)
$
(70.4
)
Cash flows used in financing activities
Principal payments on long-term debt
$
(43.0
)
$
(23.4
)
Principal payments under finance lease obligations
(1.2
)
(1.0
)
Cash paid for common stock withheld for taxes
(2.8
)
(0.9
)
Excise taxes paid for repurchase of common stock
(0.8
)
—
Payments for deferred financing fees
—
(0.2
)
Repurchase of common stock
$
(15.0
)
$
(25.2
)
Net cash used in financing activities
$
(62.8
)
$
(50.7
)
Effect of exchange rate changes on cash and cash equivalents
$
0.6
$
(0.1
)
Net increase (decrease) in cash
$
24.3
$
(61.6
)
Cash, beginning of period
$
149.3
$
171.7
Cash, end of period
$
173.6
$
110.1
Supplemental cash flows information
Interest paid
$
17.2
$
39.0
Income taxes paid
$
3.3
$
24.3
Cash paid for operating leases included in operating activities
$
4.6
$
4.3
Non-cash investing and financing activities:
Right-of-use assets obtained in exchange for operating lease obligations
$
0.8
$
4.2
Right-of-use assets obtained in exchange for finance lease obligations
$
1.4
$
1.4
RSU shares withheld included in accrued employee taxes
$
0.1
$
0.2
Excise taxes from common share repurchase included in accrued expenses
$
0.2
$
0.3
Purchases of property, plant, and equipment in accounts payable
$
0.2
$
0.6
Expand
Janus International Group, Inc.
Revenue by Sales Channel
(In millions, except percentages)
Six Months Ended
Variance
June 28, 2025
% of Total Sales
June 29, 2024
% of Total Sales
$
%
Self-storage - new construction
$
177.6
40.5
%
$
227.3
45.2
%
$
(49.7
)
(21.9
)%
Self-storage - R3
112.7
25.7
%
132.1
26.3
%
(19.4
)
(14.7
)%
Total self-storage
$
290.3
66.2
%
$
359.4
71.5
%
$
(69.1
)
(19.2
)%
Commercial and other
148.3
33.8
%
143.5
28.5
%
4.8
3.3
%
Total revenues
$
438.6
100.0
%
$
502.9
100.0
%
$
(64.3
)
(12.8
)%
Expand
Reconciliation of GAAP to Non-GAAP Financial Measures
Janus International Group, Inc.
Reconciliation of Net Income to EBITDA* and Adjusted EBITDA*
(In millions, except percentages)
Three Months Ended
Variance
June 28, 2025
June 29, 2024
$
%
Net income
$
20.7
$
27.6
$
(6.9
)
(25.0
)%
Interest, net
9.1
13.0
(3.9
)
(30.0
)%
Income taxes
6.4
9.5
(3.1
)
(32.6
)%
Depreciation
3.0
3.0
—
—
%
Amortization
8.2
8.0
0.2
2.5
%
EBITDA*
$
47.4
$
61.1
$
(13.7
)
(22.4
)%
Restructuring charges (1)
0.8
0.3
0.5
166.7
%
Acquisition expense (2)
0.8
1.4
(0.6
)
(42.9
)%
Loss on extinguishment and modification of debt (3)
—
1.7
(1.7
)
(100.0
)%
Adjusted EBITDA*
$
49.0
$
64.5
$
(15.5
)
(24.0
)%
Expand
Six Months Ended
Variance
June 28, 2025
June 29, 2024
$
%
Net income
$
31.5
$
58.3
$
(26.8
)
(46.0
)%
Interest, net
19.3
27.3
(8.0
)
(29.3
)%
Income taxes
11.0
20.0
(9.0
)
(45.0
)%
Depreciation
5.9
5.9
—
—
%
Amortization
16.5
15.5
1.0
6.5
%
EBITDA*
$
84.2
$
127.0
$
(42.8
)
(33.7
)%
Restructuring charges (1)
1.2
0.7
0.5
71.4
%
Acquisition expense (2)
1.7
1.4
0.3
21.4
%
Loss on extinguishment and modification of debt (3)
—
1.7
(1.7
)
(100.0
)%
Other
0.3
—
0.3
—
%
Adjusted EBITDA*
$
87.4
$
130.8
$
(43.4
)
(33.2
)%
Expand
(1)
Restructuring charges consist of the following: 1) facility relocations, 2) severance and hiring costs associated with our strategic transformation, including executive leadership team changes, and 3) strategic business assessment and transformation projects.
(2)
Expenses or income related to various professional fees, acquisition related compensation, net working capital finalization, legal settlements and various acquisition related activities.
(3)
Adjustment for loss on extinguishment and modification of debt regarding the write off of unamortized fees and third-party fees as a result of the debt modification completed in April 2024.
Expand
*Janus uses measures of performance that are not required by or presented in accordance with GAAP in the United States. Non-GAAP financial performance measures are used to supplement the financial information presented on a GAAP basis. These non-GAAP financial measures should not be considered in isolation or as a substitute for the relevant GAAP measures and should be read in conjunction with information presented on a GAAP basis.
The Company has excluded a quantitative reconciliation of Adjusted EBITDA with respect to the Company's 2025 guidance in the '2025 Financial Outlook' section under the 'unreasonable efforts' exception in Item 10(e)(1)(i)(B) of Regulation S-K. Providing the most directly comparable GAAP financial measure, or a quantitative reconciliation thereto, cannot be done without unreasonable effort due to the inherent uncertainty and difficulty in predicting certain non-cash, material and/or non-recurring expenses or benefits, legal settlements or other matters, and certain tax positions. Because these adjustments are inherently variable and uncertain and depend on various factors that are beyond the Company's control, the Company is also unable to predict their probable significance. The variability of these items could have an unpredictable, and potentially significant, impact on our future GAAP financial results.
Janus International Group, Inc.
Reconciliation of Net Income to Adjusted Net Income*
(In millions)
(1)
Net Income Adjustments for the three months ended June 28, 2025 include $0.8 of restructuring charges and $0.8 of acquisition expenses. Net Income Adjustments for the six months ended June 28, 2025 include $1.7 of acquisition expenses, $1.2 of restructuring charges and $0.3 of other. Refer to the Adjusted EBITDA table above for further details.
(2)
The effective tax rates of 23.6% and 25.6% were used for the three months ended June 28, 2025 and June 29, 2024, respectively. The effective tax rates of 25.9% and 25.5% were used for the six months ended June 28, 2025 and June 29, 2024, respectively.
Expand
*Janus uses measures of performance that are not required by or presented in accordance with GAAP in the United States. Non-GAAP financial performance measures are used to supplement the financial information presented on a GAAP basis. These non-GAAP financial measures should not be considered in isolation or as a substitute for the relevant GAAP measures and should be read in conjunction with information presented on a GAAP basis.
Expand
Janus International Group, Inc.
Adjusted EPS*
(In millions, except share and per share data)
*Janus uses measures of performance that are not required by or presented in accordance with GAAP in the United States. Non-GAAP financial performance measures are used to supplement the financial information presented on a GAAP basis. These non-GAAP financial measures should not be considered in isolation or as a substitute for the relevant GAAP measures and should be read in conjunction with information presented on a GAAP basis.
Expand
Janus International Group, Inc.
Free Cash Flow Conversion*
(In millions, except percentages)
Six Months Ended
June 28, 2025
June 29, 2024
Cash Flow from Operating Activities
$
99.7
$
59.6
Less: Purchases of property, plant and equipment
(13.2
)
$
(10.3
)
Free Cash Flow*
$
86.5
$
49.3
Non-GAAP Adjusted Net Income*
$
46.1
$
72.7
Free Cash Flow Conversion of Non-GAAP Adjusted Net Income*
188
%
68
%
Expand
Trailing Twelve Months Ended
June 28, 2025
June 29, 2024
Cash Flow from Operating Activities
$
194.1
$
178.2
Less: Purchases of property, plant and equipment
(23.0
)
(19.7
)
Free Cash Flow*
$
171.1
$
158.5
Non-GAAP Adjusted Net Income* (1)
$
81.2
$
158.8
Free Cash Flow Conversion of Non-GAAP Adjusted Net Income*
211
%
100
%
Expand
(1)
Trailing Twelve-month Adjusted Net Income for the period ended June 28, 2025 consists of the sum of Adjusted Net Income, of $21.8, $13.5, $17.7 and $28.2 for the periods ended September 28, 2024, December 28, 2024, March 29, 2025 and June 28, 2025, respectively. Trailing Twelve-month Adjusted Net Income for the period ended June 29, 2024 consists of the sum of Adjusted Net Income of $44.6, $41.5, $36.6 and $36.1 for the periods ended September 30, 2023, December 30, 2023, March 30, 2024 and June 29, 2024, respectively. Adjusted Net Income for the prior year has been adjusted to conform to the presentation and classifications used in the current year. These adjustments have no effect on our previously reported results.
*Janus uses measures of performance that are not required by or presented in accordance with GAAP in the United States. Non-GAAP financial performance measures are used to supplement the financial information presented on a GAAP basis. These non-GAAP financial measures should not be considered in isolation or as a substitute for the relevant GAAP measures and should be read in conjunction with information presented on a GAAP basis.
Expand
Janus International Group, Inc.
Non-GAAP Net Leverage Ratio*
(In millions, except ratios)
(1)
Trailing Twelve months Net Income for the period ended June 28, 2025 consists of the sum of Net Income as reported in the Company's Quarterly and Annual Reports, as applicable of $11.8, $0.3, $10.8 and $20.7 for the periods ended September 28, 2024, December 28, 2024, March 29, 2025 and June 28, 2025, respectively. Trailing Twelve months Net Income for the period ended December 28, 2024 is Net Income as reported in the Company's Annual Report on Form 10-K for the year ended December 28, 2024.
(2)
Trailing Twelve months Adjusted EBITDA for the period ended June 28, 2025 consists of the sum of Adjusted EBITDA as reported in the Company's Quarterly or Annual Reports, as applicable of $43.1, $34.6, $38.4 and $49.0 for the three month periods ended September 28, 2024, December 28, 2024, March 29, 2025 and June 28, 2025, respectively. Trailing Twelve month Adjusted EBITDA for the period ended December 28, 2024 is Adjusted EBITDA as reported in the Company's Annual Report on Form 10-K for the year ended December 28, 2024.
*Janus uses measures of performance that are not required by or presented in accordance with GAAP in the United States. Non-GAAP financial performance measures are used to supplement the financial information presented on a GAAP basis. These non-GAAP financial measures should not be considered in isolation or as a substitute for the relevant GAAP measures and should be read in conjunction with information presented on a GAAP basis.
Expand
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Fidelis Insurance Holdings Limited (NYSE:FIHL) will increase its dividend on the 26th of September to $0.15, which is 50% higher than last year's payment from the same period of $0.10. This makes the dividend yield 2.4%, which is above the industry average. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Fidelis Insurance Holdings' Projections Indicate Future Payments May Be Unsustainable Estimates Indicate Fidelis Insurance Holdings' Could Struggle to Maintain Dividend Payments In The Future Fidelis Insurance Holdings' Future Dividends May Potentially Be At Risk While it is great to have a strong dividend yield, we should also consider whether the payment is sustainable. Fidelis Insurance Holdings is not generating a profit, but its free cash flows easily cover the dividend, leaving plenty for reinvestment in the business. We generally think that cash flow is more important than accounting measures of profit, so we are fairly comfortable with the dividend at this level. EPS is forecast to rise very quickly over the next 12 months. Assuming the dividend continues along recent trends, we could see the payout ratio reach 222%, which is on the unsustainable side. View our latest analysis for Fidelis Insurance Holdings Fidelis Insurance Holdings Doesn't Have A Long Payment History It's not possible for us to make a backward looking judgement just based on a short payment history. This doesn't mean that the company can't pay a good dividend, but just that we want to wait until it can prove itself. Fidelis Insurance Holdings Could Grow Its Dividend The company's investors will be pleased to have been receiving dividend income for some time. Fidelis Insurance Holdings has impressed us by growing EPS at 8.0% per year over the past five years. Even though the company isn't making a profit, strong earnings growth could turn that around in the near future. As long as the company becomes profitable soon, it is on a trajectory that could see it being a solid dividend payer. In Summary Overall, this is probably not a great income stock, even though the dividend is being raised at the moment. The company is generating plenty of cash, which could maintain the dividend for a while, but the track record hasn't been great. We would probably look elsewhere for an income investment. Investors generally tend to favour companies with a consistent, stable dividend policy as opposed to those operating an irregular one. Still, investors need to consider a host of other factors, apart from dividend payments, when analysing a company. As an example, we've identified 1 warning sign for Fidelis Insurance Holdings that you should be aware of before investing. Is Fidelis Insurance Holdings not quite the opportunity you were looking for? Why not check out our selection of top dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12 minutes ago
- Yahoo
Results: NCR Atleos Corporation Exceeded Expectations And The Consensus Has Updated Its Estimates
Explore NCR Atleos's Fair Values from the Community and select yours NCR Atleos Corporation (NYSE:NATL) investors will be delighted, with the company turning in some strong numbers with its latest results. It was overall a positive result, with revenues beating expectations by 2.0% to hit US$1.1b. NCR Atleos also reported a statutory profit of US$0.60, which was an impressive 22% above what the analysts had forecast. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Taking into account the latest results, NCR Atleos' six analysts currently expect revenues in 2025 to be US$4.35b, approximately in line with the last 12 months. Per-share earnings are expected to leap 47% to US$2.56. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$4.31b and earnings per share (EPS) of US$2.55 in 2025. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates. Check out our latest analysis for NCR Atleos With the analysts reconfirming their revenue and earnings forecasts, it's surprising to see that the price target rose 12% to US$44.67. It looks as though they previously had some doubts over whether the business would live up to their expectations. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. There are some variant perceptions on NCR Atleos, with the most bullish analyst valuing it at US$60.00 and the most bearish at US$34.00 per share. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation. Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. One thing stands out from these estimates, which is that NCR Atleos is forecast to grow faster in the future than it has in the past, with revenues expected to display 3.7% annualised growth until the end of 2025. If achieved, this would be a much better result than the 0.5% annual decline over the past year. Compare this against analyst estimates for the broader industry, which suggest that (in aggregate) industry revenues are expected to grow 8.0% annually for the foreseeable future. Although NCR Atleos' revenues are expected to improve, it seems that the analysts are still bearish on the business, forecasting it to grow slower than the broader industry. The Bottom Line The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving. With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have forecasts for NCR Atleos going out to 2027, and you can see them free on our platform here. Plus, you should also learn about the 2 warning signs we've spotted with NCR Atleos (including 1 which is concerning) . Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
27 minutes ago
- Yahoo
Consolidated Edison Second Quarter 2025 Earnings: Beats Expectations
Explore Consolidated Edison's Fair Values from the Community and select yours Consolidated Edison (NYSE:ED) Second Quarter 2025 Results Key Financial Results Revenue: US$3.60b (up 12% from 2Q 2024). Net income: US$246.0m (up 22% from 2Q 2024). Profit margin: 6.8% (up from 6.3% in 2Q 2024). The increase in margin was driven by higher revenue. EPS: US$0.68 (up from US$0.58 in 2Q 2024). This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. All figures shown in the chart above are for the trailing 12 month (TTM) period Consolidated Edison Revenues and Earnings Beat Expectations Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) also surpassed analyst estimates by 1.2%. Looking ahead, revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Integrated Utilities industry in the US. Performance of the American Integrated Utilities industry. The company's share price is broadly unchanged from a week ago. Risk Analysis Before we wrap up, we've discovered 2 warning signs for Consolidated Edison (1 is concerning!) that you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
