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Janus International Group, Inc. - JBI STOCK NEWS

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. (NYSE: JBI) is a leading provider of turnkey building solutions for the self-storage, commercial, and industrial markets. With a strong global presence, Janus offers a diverse range of products, including roll-up and swing doors, hallway systems, relocatable storage units, and advanced access control technologies.

The company operates through two primary segments: Janus North America and Janus International. Janus International mainly covers Europe and Australia, while Janus North America handles operations within North America under entities such as Janus Core and Betco, Inc.

Janus is known for its innovative and virtually maintenance-free designs, which are user-friendly and easy to install. The company also provides portable storage containers and hallway systems specifically for the self-storage industry. One of Janus's key strengths is its ability to deliver customized, built-to-order products supported by comprehensive installation services and cutting-edge automation technologies sold under the Nokē brand.

Recently, Janus has achieved significant milestones under the ownership of Clearlake Capital Group, L.P. Clearlake acquired Janus in February 2018 and saw the company through its public listing on the New York Stock Exchange in June 2021. During this period, Janus underwent a strategic transformation that included the development of new access control technologies and the acquisition of seven companies, such as DBCI, Nokē, and Betco.

These initiatives have driven over 140% growth in EBITDA and bolstered Janus's position in the market. With a focus on both organic and inorganic growth, the company has expanded its addressable market, vertically integrated its operations, and enhanced its global footprint. Today, Janus serves over 10,000 active customers worldwide, offering a compelling value proposition centered around innovation, quality, and customer satisfaction.

News

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.
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Janus International Group Announces All-New Internal, Hardwired Smart Lock

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Janus International Group, Inc. (NYSE: JBI) introduces Nokē Ion™, a hardwired smart lock for self-storage facilities, enhancing security and convenience. The new addition complements the existing Nokē Smart Entry product line, offering innovative features like LED lights, motion sensors, and cloud-native software portal.
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Janus International Group Announces Change of Auditor

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Janus International Group, Inc. (NYSE: JBI) has announced a change in its independent auditor from BDO USA, P.C. to KPMG LLP, effective March 18, 2024. The change follows a competitive selection process conducted by the Audit Committee of the Board of Directors for the fiscal year ending December 28, 2024.
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Janus International Group Announces Credit Rating Upgrade

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Janus International Group, Inc. (JBI) has received an upgrade in credit rating from S&P Global Ratings, moving from 'B' to 'B+' with a positive outlook. The upgrade is attributed to the resolution of material weaknesses and low net leverage. Anselm Wong, the CFO, emphasized Janus's financial strength and commitment to customer service and stakeholder value.
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Janus International Group Reports Fourth Quarter and Full Year 2023 Financial Results and Announces $100 Million Share Repurchase Program

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Janus International Group, Inc. (JBI) reported a 4.6% organic revenue growth in 2023, with net income increasing by 25.9% to $135.7 million. The company achieved adjusted EPS of $0.94 and adjusted EBITDA of $285.6 million. Janus also initiated full-year 2024 revenue and adjusted EBITDA guidance, reaffirming their long-term outlook for sustained organic growth and margin expansion.
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Janus International Group to Report Fourth Quarter and Full Year 2023 Results on February 28, 2024

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Janus International Group, Inc. (JBI) will release its Q4 and full year 2023 financial results on February 28, 2024. A webcast and conference call will be held to review the results.
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Clearlake Completes Exit of its Investment in Janus International

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Clearlake Capital Group, L.P. announced the sale of its remaining shares of Janus International Group, Inc. (NYSE: JBI) and fully exited its investment in December. Under Clearlake's ownership, Janus more than doubled EBITDA and executed numerous initiatives, including developing new access control technologies and integrating seven acquisitions. Janus serves a global customer base with over 10,000 active customers worldwide and has a value proposition centered around the manufacturing of customized built-to-order products, supported by comprehensive installation services and the development of technologies and content.
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Janus International Group and Trojan Storage to Expand Implementation of the Nokē™ Smart Entry System

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Janus International Group, Inc. (NYSE: JBI) announced a partnership with Trojan Storage to expand the installation of Nokē smart locks across nine self-storage facilities, with plans to cover 43 facilities and 5,000 units. The Nokē Smart Entry system aims to provide a more secure and convenient experience for customers, while also streamlining operational processes. Trojan's President, Brett Henry, expressed satisfaction with the results and emphasized the importance of modernizing the self-storage experience. Janus CEO, Ramey Jackson, highlighted the alignment of the partnership with the company's focus on innovative technology for the self-storage industry.
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Janus International Group Announces Updates to Board of Directors

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Janus International Group, Inc. (NYSE: JBI) has announced the election of new members to the Board of Directors, including Tony Byerly, Joseph F. Hanna, and Eileen Youds, as well as the appointment of Roger Fradin as Chairman of the Board and David Doll as Chair of the Nominating and Corporate Governance Committee.
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Forbes Names Janus International Group, Inc. to List of “America’s Most Successful Small-Cap Companies 2024”

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Janus International Group, Inc. (NYSE: JBI) has been named to the list of 'America’s Most Successful Small-Cap Companies for 2024' by Forbes magazine, ranking #24 out of 100 companies. The company's CEO, Ramey Jackson, expressed pride in the recognition, attributing it to the hard work of the team, loyalty of customers, and trusting relationships with shareholders, business partners, and customers worldwide.
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FAQ

What is the current stock price of Janus International Group (JBI)?

The current stock price of Janus International Group (JBI) is $7.41 as of November 22, 2024.

What is the market cap of Janus International Group (JBI)?

The market cap of Janus International Group (JBI) is approximately 1.0B.

What products does Janus International Group, Inc. offer?

Janus offers roll-up and swing doors, hallway systems, relocatable storage units, and access control technologies.

What are the main segments of Janus International Group?

The company operates through Janus North America and Janus International, which covers Europe and Australia.

What recent achievements has Janus International Group made?

Under Clearlake Capital's ownership, Janus developed new access control technologies, made seven acquisitions, and achieved over 140% EBITDA growth.

Where can I find Janus International's products?

Janus serves a global customer base with products available in North America, Europe, Australia, and other regions.

What makes Janus International’s products unique?

Their products are virtually maintenance-free, easy to use, and installation-friendly, offering innovative solutions for various markets.

Who recently exited their investment in Janus International Group?

Clearlake Capital Group, L.P. sold its remaining shares and fully exited its investment in December 2023.

What is the Nokē brand?

Nokē is Janus International’s brand for proprietary access control technologies used in self-storage and other facilities.

How many active customers does Janus International serve?

Janus International serves over 10,000 active customers worldwide.

Who is the CEO of Janus International Group, Inc.?

The CEO of Janus International Group, Inc. is Ramey Jackson.

What is the focus of Janus International's growth strategy?

Their growth strategy focuses on organic initiatives such as expanding markets and vertically integrating operations, as well as inorganic growth through acquisitions.

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Janus International Group, Inc.

NYSE:JBI

JBI Rankings

#2536 Ranked by Market Cap
N/A Ranked by Dividends

JBI Stock Data

1.04B
135.40M
4.02%
113.18%
10.8%
Building Products & Equipment
Metal Doors, Sash, Frames, Moldings & Trim
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