Janus International Group Inc

We maintain a bearish stance across the medium term under Stage 4 decline, with lower highs and lower lows confirming ongoing downtrend. Execution is best deferred, selling into rallies toward resistance at the declining EMA band.

• ↑Q1 free cash flow of $33.4M (155% conversion) reinforces liquidity.
• ↑2.9M shares repurchased ($15.7M) signals management’s undervaluation view.
• ↓Q1 EPS of $0.01 missed by 89%, underscoring weak top-line.