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Janus Q1: Revenue Up, Profit Down, Eyes on Cost Cutting
Description
Janus Q1 revenue surpassed expectations, reaching $222.7 million, a 5.8% increase from last year. However, profit per share plummeted by nearly 91% due to lower-margin units and acquisition integration. Despite this, Janus maintains its full-year revenue forecast of $960 million and raises its EBITDA expectation to $175 million. The company plans to improve margins through cost-cutting, new product launches, and pricing adjustments, while focusing on growth in redevelopment, renovation, and international sectors.
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