Janus International Group Inc Stock Price, News & Analysis

Janus International Group (NYSE: JBI) has announced that it will release its first quarter 2023 financial results on May 11, 2023, before market opening. A conference call and webcast will follow at 10:00 a.m. ET for results review and a Q&A session. Investors can access the live webcast and archived replay via the Janus website. For those unable to join online, a conference call can be accessed by dialing 1-877-407-0789 domestically or 1-201-689-8562 internationally. Replay options will also be available. Janus International specializes in innovative access control technologies and building solutions for self-storage and industrial sectors, operating from multiple U.S. locations and internationally.

Janus International Group (NYSE: JBI) has announced the payment of $50 million in debt, utilizing cash reserves to reduce its first lien term loan facility. This strategic move is aimed at lowering interest expenses and sustaining net leverage within the targeted range of two to three times net debt-to-trailing twelve month Adjusted EBITDA. CFO Anselm Wong highlighted the company's ongoing strong cash flow that facilitates capital deployment. Janus specializes in manufacturing solutions for the self-storage industry, with a global presence in several U.S. locations and six international sites.

Janus International Group (NYSE: JBI) reported a remarkable 35.9% revenue growth for full-year 2022, reaching $1.0 billion, bolstered by a 28.4% organic improvement. Net income soared to $107.7 million with EPS of $0.73. The company achieved a significant 53.1% increase in adjusted EBITDA to $226.9 million. The balance sheet was strengthened, with net leverage reduced by 1.6x to 2.8x. For 2023, Janus forecasts revenue between $1.05 billion and $1.07 billion and adjusted EBITDA of $250 million to $275 million. The outlook suggests sustained organic growth and margin expansion, supported by a strong cash flow foundation.

Janus International Group (NYSE: JBI) announced its upcoming release of fourth quarter and full year 2022 financial results on March 16, 2023, prior to market opening. A webcast and conference call will occur at 10:00 a.m. Eastern time that same day, focusing on financial outcomes and the company's long-term strategy. Executives will highlight revenue growth, margin expansion, and capital allocation targets. Access to the live webcast and recorded replay will be available on www.janusintl.com. Interested parties can join the conference call via designated dial-ins for domestic and international participants.

Janus International Group (NYSE: JBI) has appointed David Vanevenhoven as Chief Accounting Officer, effective February 20, 2023. Vanevenhoven, who has over 15 years of experience in accounting and M&A auditing, will directly report to CFO Anselm Wong. He previously served as Global Controller at Mirion Technologies (NYSE: MIR), where he managed multiple acquisitions and a successful SPAC merger. His role at Janus aims to enhance financial reporting and internal controls, positioning the company for continued growth in the self-storage sector. This strategic appointment follows the release of Janus's annual financial results for 2022.

Janus International Group (NYSE: JBI) announced the appointment of Alessandro Araldi as President of Nokē and Corporate Strategy. With over 20 years of global experience, Araldi has a strong background in building technologies, previously holding leadership roles at Honeywell (NASDAQ: HON) and Texas Instruments (NASDAQ: TXN).

Araldi will oversee strategic growth for Nokē™ Smart Entry, aimed at enhancing security and automation for self-storage facilities. CEO Ramey Jackson highlighted Araldi’s innovative expertise as pivotal for future growth and expansion within the self-storage industry.

Janus International Group (NYSE: JBI) announced its participation in the CJS Securities 23rd Annual "New Ideas for the New Year" Investor Conference scheduled for January 11, 2023. The company specializes in advanced access control technologies and building product solutions for the self-storage and commercial sectors. Janus operates multiple locations across the U.S. and internationally, providing innovative solutions such as roll-up doors and automation technologies.

Janus International Group (NYSE: JBI) will participate in the KeyBanc Capital Markets Self Storage Investor Forum on January 5, 2023, in New York, NY. Janus is a leading provider of innovative access control technologies and building solutions for the self-storage and commercial sectors. The company's offerings include roll-up and swing doors, hallway systems, and facility automation technologies, with operations in various U.S. locations and internationally.

Janus International Group reported a strong third quarter for 2022, achieving a 39.8% increase in revenue to $262.5 million. Key growth drivers included a 58.3% rise in the Commercial and Other segment and a 49.1% increase in Restore, Rebuild & Replace (R3). Adjusted EBITDA surged 74.3% to $63.3 million, with a margin improvement of 480 basis points. Net income also doubled, reaching $32.4 million. Janus raised its full-year outlook, projecting revenues of $990 million to $1.01 billion and Adjusted EBITDA of $218 million to $225 million.