Company: JBI
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001839839-25-000032
Chunk: 102

Company: Janus International Group, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7
Chunk 102
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 to, the following options for; commercial slat doors, heavy duty service doors, fire doors, fire rated counter shutters, insulated service doors, counter shutters and grilles. Following the T.M.C. Acquisition (hereinafter defined), our business expanded to provide trucking terminal renovation, construction, remodeling, and maintenance services to trucking customers in the Southeast United States. 

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Executive Overview

Janus’s financials reflect the result of the execution of our operational and corporate strategy to penetrate the commercial and industrial storage markets, as well as capitalizing on the aging self-storage facilities, while continuing to diversify our products and solutions. Janus is a bespoke provider of not only products, but solutions that generate a favorable financial outcome for our clients.

•During fiscal year 2024, we introduced our all-new internal hardwired smart lock, Nokē Ion™ and announced our NS Series of enhanced security doors.

•Opened a distribution center in Toronto, Canada to service our Canadian markets and in Mt. Airy, North Carolina to support our commercial market. 

•Acquired the assets of T.M.C., a premier provider of terminal maintenance services for the trucking industry in the Southeast. 

•Announced a structural cost reduction program. 

•Completed a voluntary pay down of $21.9 toward our debt and successfully repriced our term loan, which reduced the interest rate margin by 50 bps.

•Repurchased 7,141,261 shares for $79.6 as part of our previously announced $100.0 share repurchase program. 

•Total revenues of $963.8 for the year ended December 28, 2024 compared to $1,066.4 for the year ended December 30, 2023.

•Net income was $70.4 for the year ended December 28, 2024 compared to $135.7 for the year ended December 30, 2023. 

•Adjusted EBITDA was $208.5 for the year ended December 28, 2024 compared to $285.6 for the year ended December 30, 2023.

•Adjusted EBITDA as a percentage of revenue was 21.6% for the year ended December 28, 2024 compared to 26.8% for the year ended December 30, 2023.

•Cash flows from operations of $154.0 and free cash flow of $133.8 were generated for the year ended December 28,