Janus International Group, Inc. - $JBI STOCK NEWS

Janus International Group, a leading provider of access control technologies and building product solutions, has announced its participation in several upcoming investor conferences. Senior management, including Executive VP and CFO Anselm Wong, will present at Wolfe Research's 17th Annual Global Transportation and Industrials Conference on May 22, 2024, at 4:05pm ET. Additional appearances include the KeyBanc Industrials and Basic Materials Conference on May 30, 2024, and the Stifel 2024 Cross Sector Insight Conference on June 5, 2024. Webcasts of these presentations will be available on the company's investor relations website.

Janus International Group, Inc. (NYSE: JBI) reported 1.0% total revenue growth in the first quarter of 2024. Net income increased by 18.1% to $30.7 million, or $0.21 per diluted share, with adjusted EPS of $0.21. The company achieved an 8.3% year-over-year increase in adjusted EBITDA to $66.3 million. Janus deployed $15.3 million into share repurchases during the quarter and made a $21.9 million debt repayment. They reiterated their full-year 2024 revenue and adjusted EBITDA guidance.

Janus International Group, a leading provider of access control technologies, has successfully completed a repricing of its first lien term loan. The repricing reduces the applicable interest rate on the $600 million loan by 50 bps, improving the Company's financial position. Additionally, the Company prepaid $21.9 million of its First Lien Term Loan due 2030. The market demand and lender support for the repricing reflect positively on Janus International Group's financial stability and strategic planning.

Janus International Group, Inc. (NYSE: JBI) will report its first quarter 2024 financial results on May 9, 2024. The company specializes in access control technologies for self-storage and commercial sectors. A webcast and conference call will accompany the release.

Janus International Group, Inc. (NYSE: JBI) has announced an upgrade to its credit rating by Moody’s Investor Service to “Ba3” from “B1”. The upgrade is based on the company's strong operating performance, improved governance, and resolution of material weaknesses. Anselm Wong, the Chief Financial Officer, expressed his satisfaction with the recognition of the company's performance and capital position, emphasizing their commitment to customer service and stakeholder value.

Janus International Group, Inc. (NYSE: JBI) introduces Nokē Ion™, a hardwired smart lock for self-storage facilities, enhancing security and convenience. The new addition complements the existing Nokē Smart Entry product line, offering innovative features like LED lights, motion sensors, and cloud-native software portal.

Janus International Group, Inc. (NYSE: JBI) has announced a change in its independent auditor from BDO USA, P.C. to KPMG LLP, effective March 18, 2024. The change follows a competitive selection process conducted by the Audit Committee of the Board of Directors for the fiscal year ending December 28, 2024.

Janus International Group, Inc. (JBI) has received an upgrade in credit rating from S&P Global Ratings, moving from 'B' to 'B+' with a positive outlook. The upgrade is attributed to the resolution of material weaknesses and low net leverage. Anselm Wong, the CFO, emphasized Janus's financial strength and commitment to customer service and stakeholder value.

Janus International Group, Inc. (JBI) reported a 4.6% organic revenue growth in 2023, with net income increasing by 25.9% to $135.7 million. The company achieved adjusted EPS of $0.94 and adjusted EBITDA of $285.6 million. Janus also initiated full-year 2024 revenue and adjusted EBITDA guidance, reaffirming their long-term outlook for sustained organic growth and margin expansion.