Self-storage products maker Janus Q3 revenue falls more than expected on weak commercial demand
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Janus reported a 4.7% decline in Q3 revenue, missing analyst expectations, primarily due to a 20.1% drop in commercial revenues. Adjusted EPS also fell short of forecasts. However, net income rose 28.8% to $15.2 million, aided by operational efficiencies. The company expects 2025 revenue between $870 million and $880 million, with adjusted EBITDA of $164 million to $170 million. Analyst ratings remain positive, with a median price target of $11.00, reflecting a potential upside from the current stock price of $9.29.
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