Welcome to our dedicated page for Janus International Group news (Ticker: JBI), a resource for investors and traders seeking the latest updates and insights on Janus International Group stock.
Janus International Group Inc (JBI) provides essential updates for stakeholders in the self-storage and industrial solutions sectors. This page aggregates official press releases, financial disclosures, and strategic announcements directly from the company.
Access real-time information on product innovations, quarterly earnings, and operational milestones. Investors will find critical updates on facility automation developments, while industry professionals can track JBI's expansion in North American and international markets.
Content includes verified reports on acquisitions, leadership changes, and technological advancements in roll-up door systems and relocatable storage solutions. All materials adhere to regulatory standards for financial communications.
Bookmark this page for streamlined access to JBI's evolving role in delivering maintenance-free building solutions across commercial and industrial sectors.
Janus International Group (NYSE: JBI) reported its Q2 2024 financial results, showing a decrease in revenue and profitability compared to the same period in 2023. Key highlights include:
- Revenue of $248.4 million, down 8.2% year-over-year
- Net income of $27.6 million, or $0.19 per diluted share, down 25.4%
- Adjusted EBITDA of $64.5 million, down 12.8%
- Adjusted EBITDA margin of 26.0%, a 130 basis point decrease
The company updated its 2024 guidance, projecting revenue between $1.005-$1.035 billion and Adjusted EBITDA of $255-$275 million. JBI also acquired assets of Terminal Maintenance and Construction (TMC) to expand its Commercial sales channel offerings.
Janus International Group (NYSE: JBI), a leading provider of access control technologies and building product solutions for self-storage and other sectors, has announced the release of its second quarter 2024 financial results on August 7, 2024, before market opening. The company will host a webcast and conference call at 10:00 a.m. ET on the same day to discuss the results and conduct a Q&A session.
Investors can access the live webcast and archived replay on the company's website at www.janusintl.com. For those unable to join the webcast, the conference call can be accessed by dialing 1-844-825-9789 (domestic) or 1-412-317-5180 (international). To access the call replay, dial 1-844-512-2921 (domestic) or 1-412-317-6671 (international) with pass code 10190711.
Janus International Group (NYSE: JBI) has introduced the NS Series, a new line of roll-up door solutions for enhanced self-storage security. The series includes two options: the NS+ Door and the NS Retrokit. Key features of the NS Series include:
- Anchored guides on the floor for stability
- Robust lower bar with secure clips
- Firmly anchored support angles
The NS+ Door, suitable for replacements and new construction, offers six 9-gauge security clips and 14-gauge support angles. The NS Retrokit, an upgrade package for existing Janus doors, includes two 9-gauge security clips. This launch complements Janus's R3 Program, aimed at optimizing self-storage facilities and potentially increasing rental rates.
Janus International Group (NYSE: JBI), a leader in access control technologies and building products for commercial and industrial sectors, announced the acquisition of Terminal Maintenance and Construction (TMC). TMC specializes in trucking terminal services including renovation, remodeling, and maintenance, primarily in the Southeast. This strategic acquisition aims to support the growth of Janus's Facilitate division, enhancing their facility maintenance services. CEO Ramey Jackson highlighted that the merger will strengthen Janus's project management capabilities and contribute to their strategic growth plan.
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.
FAQ
What is the current stock price of Janus International Group (JBI)?
What is the market cap of Janus International Group (JBI)?
