Janus International Group Inc Stock Price, News & Analysis

Janus International Group, Inc. (NYSE: JBI) announced participation in the KeyBanc Capital Markets Self Storage Investor Forum on January 6, 2022. As a leading provider of access control technologies and building product solutions, Janus serves the self-storage and commercial sectors. The company manufactures roll-up doors, hallway systems, and facility automation technologies, operating from multiple U.S. locations and six international sites. This forum presents an opportunity for investors to gain insights into the company's strategic directions and market positioning.

Janus International Group (NYSE: JBI) has announced participation in two upcoming investor conferences in November 2021. Senior management will attend the Baird 51st Annual Global Industrial Conference on November 11, 2021, and the Wolfe Virtual Industrial Growth & Technology Conference on November 15, 2021. Janus is known for its innovative access control technologies and building products tailored for the self-storage and industrial sectors.

Janus International Group, Inc. (NYSE: JBI) reported a robust 33.8% revenue growth for Q3 2021 to $187.8 million, aided by significant contributions from recent acquisitions and a recovery in demand. Net income fell to $17.7 million from $20.8 million, impacted by rising raw material, labor, and logistics costs. The company anticipates 2021 revenues between $718 million and $738 million, indicating a promising 32.6% growth compared to the previous year. Janus continues to strengthen its market position with strategic acquisitions and a focus on cost-containment measures.

Janus International Group, Inc. (NYSE: JBI) has announced that it will release its third quarter 2021 financial results on November 9, 2021, before the market opens. A conference call will be held at 10:00 a.m. Eastern time for discussion and Q&A. Investors can access the webcast on Janus' website or dial in for the call. Janus specializes in turn-key building solutions and access control technologies for self-storage and industrial sectors, operating in multiple U.S. and international locations.

Janus International Group, Inc. (NYSE: JBI) announced the redemption of all outstanding warrants issued under two Warrant Agreements, due November 12, 2021. The redemption price is set at $0.10 per warrant, contingent upon the Common Stock's price being at least $10.00. Holders can exercise their warrants for cash or on a cashless basis, receiving 0.3 shares of Common Stock per warrant if opting for cashless. Any unexercised warrants post-redemption deadline will become void. Shares underlying the warrants are registered under the Securities Act of 1933.

Janus International Group, Inc. (NYSE: JBI) announced its participation in two investor conferences this September.

• Zelman 2021 Virtual Housing Summit on September 20, 2021
• D.A. Davidson 20th Annual Diversified Industrials & Services Virtual Conference on September 22, 2021

Janus is a global leader in manufacturing turn-key building solutions and access control technologies for the self-storage, commercial, and industrial sectors.

Janus International Group, Inc. (NYSE: JBI) has acquired Access Control Technologies, LLC (ACT), a provider of self-storage access control and integration services. The acquisition aims to enhance the growth of Janus' Nokē® Smart Entry system by expanding product offerings and streamlining services for self-storage contractors. ACT will continue operating under its brand while merging into Janus’ field services team. The integration is expected to reinforce Janus' strategic growth in smart access control technologies, aiming to improve customer experiences and security.

Janus International Group (NYSE: JBI) has completed its acquisition of DBCI, a manufacturer of steel roll-up doors under Cornerstone Building Brands (NYSE: CNR). This acquisition aims to enhance Janus's product offerings and customer service capacity. Janus expects to benefit from DBCI's contractor and distributor relationships, facilitating growth in its Nokē® Smart Entry technology. CEO Ramey Jackson highlighted anticipated synergies that will lead to cost savings and an improved service platform for clients.

Cornerstone Building Brands (CNR) has completed the sale of its Roll-up Sheet Door business to Janus International Group (JBI) for $168 million. This divestiture aims to refine CNR's portfolio, allowing for enhanced growth in larger markets. The company plans to reinvest the net proceeds into strategic initiatives focused on profitable growth and achieving a net debt leverage target of 2.0x to 2.5x. CNR is the largest manufacturer of exterior building products in North America, with a comprehensive range of products and a significant presence across various markets.