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Janus International Group Inc (JBI) provides essential updates for stakeholders in the self-storage and industrial solutions sectors. This page aggregates official press releases, financial disclosures, and strategic announcements directly from the company.
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Janus International Group, Inc. (NYSE: JBI) reported 1.0% total revenue growth in the first quarter of 2024. Net income increased by 18.1% to $30.7 million, or $0.21 per diluted share, with adjusted EPS of $0.21. The company achieved an 8.3% year-over-year increase in adjusted EBITDA to $66.3 million. Janus deployed $15.3 million into share repurchases during the quarter and made a $21.9 million debt repayment. They reiterated their full-year 2024 revenue and adjusted EBITDA guidance.
Janus International Group, a leading provider of access control technologies, has successfully completed a repricing of its first lien term loan. The repricing reduces the applicable interest rate on the $600 million loan by 50 bps, improving the Company's financial position. Additionally, the Company prepaid $21.9 million of its First Lien Term Loan due 2030. The market demand and lender support for the repricing reflect positively on Janus International Group's financial stability and strategic planning.
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