Janus International Group Announces Credit Rating Upgrade
March 12 2024 - 5:55AM
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
S&P Global Ratings (“S&P”) from “B” to “B+” with a positive
outlook based on the resolution of all material weaknesses and low
net leverage.
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 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240312529430/en/
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
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