Janus International Group Announces Credit Rating Upgrade
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Insights
The credit rating upgrade from 'B' to 'B+' for Janus International Group, Inc. by S&P Global Ratings signifies an improvement in the company's creditworthiness. This change is particularly noteworthy as it reflects a resolution of previously identified material weaknesses and a low net leverage position. The positive outlook attached to the new rating suggests that S&P anticipates Janus's financial condition may continue to strengthen.
From a financial perspective, this upgrade could result in reduced borrowing costs for Janus, potentially improving their interest expense profile and enhancing profitability. Investors and creditors often view a higher credit rating as a sign of reduced risk, which may lead to a more favorable perception of the company in the capital markets. It could also provide Janus with increased access to capital, under more attractive terms, facilitating future growth initiatives or operational expansions.
However, it's important to monitor how the company maintains this improved financial standing, especially in the context of broader economic conditions and sector-specific challenges. The self-storage, commercial and industrial sectors can be sensitive to economic cycles and any downturn could impact Janus's performance despite the current positive outlook.
Janus International Group's credit rating upgrade is an indicator of financial stability and operational efficiency that can influence investor sentiment. Market participants may interpret this news as a signal of strong management and sound fiscal policies, potentially leading to increased investor confidence. This could positively affect the stock's demand and liquidity in the market.
Furthermore, the self-storage and industrial sectors have been experiencing growth, driven by trends such as urbanization, downsizing and the increased need for flexible warehousing solutions. Janus's improved credit rating positions it advantageously to capitalize on these trends. The company's focus on access control technologies is also aligned with the increasing emphasis on security and smart building solutions, which could be a driver of future revenue growth.
However, the market will also be looking for consistent performance and effective use of any capital raised as a result of the improved credit terms. The company's ability to deliver value to stakeholders while navigating the competitive landscape will be key to sustaining the positive momentum reflected by the credit rating upgrade.
Anselm Wong, Chief Financial Officer said, “The upgrade in our rating underlies Janus’s financial strength. We are pleased that S&P has acknowledged our strong capital position and continued performance. We remain focused on serving our customers and delivering value for all our stakeholders.”
About Janus International Group
Janus International Group, Inc. (www.JanusIntl.com) is a leading global manufacturer and supplier of turn-key self-storage, commercial and industrial building solutions, including roll-up and swing doors, hallway systems, re-locatable storage units, and facility and door automation technologies. The Janus team operates out of several
Forward Looking Statements
Certain statements in this communication may be considered “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this communication are forward-looking statements, including, but not limited to statements regarding Janus’s positioning in the industry, Janus’s ability to strengthen its pipeline and deliver on its objectives, the anticipated impact of the foregoing credit rating upgrade, and Janus’s belief regarding the demand outlook for Janus’s products and the strength of the industrials markets. When used in this communication, words such as “may,” “should,” “could,” “would,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “intend,” “continue,” or the negative of such terms or other similar expressions, as they relate to the management team, identify forward-looking statements. Such forward-looking statements are based on the current beliefs of Janus’s management, based on currently available information, as to the outcome and timing of future events, and involve factors, risks, and uncertainties that may cause actual results in future periods to differ materially from such statements.
In addition to factors previously disclosed in Janus’s reports filed with the SEC and those identified elsewhere in this communication, the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: (i) risks of the self-storage industry; (ii) the highly competitive nature of the self-storage industry and Janus’s ability to compete therein; and (iii) the risk that the demand outlook for Janus’s products may not be as strong as anticipated.
There can be no assurance that the events, results, or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and Janus is not under any obligation and expressly disclaims any obligation, to update, alter or otherwise revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. This communication is not intended to be all-inclusive or to contain all the information that a person may desire in considering an investment in Janus and is not intended to form the basis of an investment decision in Janus. All subsequent written and oral forward-looking statements concerning Janus or other matters and attributable to Janus or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above and under the heading “Risk Factors” in Janus’s most recently filed Annual Report on Form 10-K and Quarterly Report on Form 10-Q, as updated from time to time in amendments and its subsequent filings with the SEC.
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Investor Contact
John Rohlwing
Vice President, Investor Relations, FP&A & M&A, Janus International
770-562-6399
IR@janusintl.com
Media Contact
Suzanne Reitz
Vice President of Marketing, Janus International
770-746-9576
Marketing@Janusintl.com
Source: Janus International Group, Inc.
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