Janus International Group Announces Credit Rating Upgrade

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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.

TEMPLE, Ga.--(BUSINESS WIRE)-- Janus International Group, Inc. (NYSE: JBI) (“Janus”), a leading provider of access control technologies and building product solutions for the self-storage, commercial, and industrial sectors, today announced it has received an upgrade to its credit rating by Moody’s Investor Service (“Moody’s”) to “Ba3” from “B1” with a positive outlook based on operating performance, improved governance, and the resolution of all material weaknesses.

“We are pleased that Moody’s has recognized our ongoing performance and robust capital position,” said Anselm Wong, Chief Financial Officer “We believe we’re well positioned for the future and 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 U.S. locations and six locations internationally.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240418555286/en/

Investor Contact

Sara Macioch

Senior Director, Investor Relations, 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.

FAQ

What is the ticker symbol for Janus International Group?

The ticker symbol for Janus International Group is JBI.

What announcement did Janus International Group make regarding its credit rating?

Janus International Group announced an upgrade to its credit rating by Moody’s Investor Service to “Ba3” from “B1”.

On what basis was the credit rating upgrade given to Janus International Group?

The credit rating upgrade was based on Janus International Group's strong operating performance, improved governance, and resolution of material weaknesses.

Who is the Chief Financial Officer of Janus International Group?

Anselm Wong is the Chief Financial Officer of Janus International Group.

What is the outlook associated with the credit rating upgrade?

The credit rating upgrade to “Ba3” from “B1” comes with a positive outlook.