Management also emphasized capital allocation flexibility during 2025, supported by cash generation and liquidity. Jackson said the company made a voluntary $40 million prepayment on its first lien term loan in the first quarter and repurchased 1.9 million shares for $16 million during the year. The company ended 2025 with $80.5 million remaining under its share repurchase authorization and received an S&P credit rating upgrade in October, according to management.Jackson highlighted several operational and ...

Financial Data and Key Metrics Changes - For the full year 2025, the company reported revenue of $884.2 million and adjusted EBITDA of $168.2 million, despite a challenging macroeconomic environment with sustained high interest rates [5][6] - In Q4 2025, consolidated revenue was $226.3 million, a decline of 1.9% compared to the prior year quarter, with the self-storage business down 0.4% and new construction down 8.1% [15][16] - Adjusted EBITDA for Q4 was $37.2 million, up 7.5% year-over-year, resulting in an adjusted EBITDA margin of 16.4%, an increase of approximately 140 basis points from the prior year [17][18] Business Line Data and Key Metrics Changes - The self-storage segment saw a revenue decline of 0.4% in Q4, while R3 revenue increased by 12.7%, driven by door replacement and renovation activity [15][16] - The international segment's revenue increased to $26 million, up 33.3% year-over-year, attributed to growth in new construction and market share gains [16] - The commercial and other segment experienced a revenue decrease of 5%, primarily due to softness in demand for commercial sheet doors, although rolling steel and TMC showed strength [16] Market Data and Key Metrics Changes - The company anticipates continued constraints in the North American market, particularly in new construction, for 2026, with organic self-storage revenue expected to decline mid-single digits [20][21] - The international market is expected to see high single-digit revenue growth in 2026, reflecting positive foreign exchange rates and market share gains [20] Company Strategy and Development Direction - The company aims to penetrate the self-storage market further, increase its share in the commercial market, drive adoption of access control technology, and pursue strategic acquisitions [8][9] - The acquisition of Kiwi II Construction is expected to enhance the company's exterior solutions offering and design build capabilities, complementing its existing businesses [9][10] - The company is focused on leveraging its differentiated R3 platform to meet renovation needs, as a significant portion of U.S. facilities are over 20 years old [10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the long-term demand for self-storage solutions, citing sustained high occupancy rates and the potential recovery of the housing market [14][24] - The company remains committed to executing its strategy despite near-term challenges, emphasizing the importance of focusing on controllable factors [24] Other Important Information - The company completed a voluntary prepayment of $40 million on its first lien term loan and repurchased 1.9 million shares for $16 million throughout the year [6][7] - The company ended the year with $260.5 million in total liquidity and a net leverage of 2.1 times, with expectations to remain within the target range of 2 to 3 times post-acquisition [19][20] Q&A Session Summary Question: How does your visibility today compare to historic averages? - Management indicated that visibility remains similar to historical averages, with a 2-3 quarter outlook based on current backlog [29] Question: What key metrics are your REIT customers looking for to invest in new capacity? - The primary driver for self-storage investment is housing mobility, which is currently subdued due to high interest rates [32] Question: Can you provide more color on the headwind from the higher international mix in Q4? - Management noted that while international revenue grew, its EBITDA margins are lower than North America, contributing to margin pressure [38][39] Question: What are the assumptions for new versus R3 on the self-storage side? - The organic decline in the core business is primarily driven by new construction in North America, which is expected to continue impacting revenue [47] Question: What is the expected contribution from the Nok product line? - Management remains optimistic about Nok, anticipating significant growth as they approach the break-even threshold of 500,000 units [72]

FOURTH QUARTER & FULL YEAR 2025 EARNINGS PRESENTATION Presented by: March 4, 2026 JanusIntl.com JanusIntl.com 1 Forward-Looking Statements Certain statements in this communication, including the estimated guidance provided under "2026 Guidance and Key Planning Assumptions" and "Long-Term Fundamentals and Investment Highlights", herein, 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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 3, 2026 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission file number 001-40456 JANUS INTERNATIONAL GROUP, INC. (Exact Name of Registrant as Specified In Its Charter) Delaware 86-1476200 (State or oth ...

Delivered $884.2 Million in Total Revenue in 2025 Generated 2025 Net Income of $53.8 Million, or $0.38 Per Diluted Share, with Adjusted EPS* of $0.60 Achieved 2025 Adjusted EBITDA* of $168.2 Million, and Adjusted EBITDA Margin* of 19.0% JANUS INTERNATIONAL GROUP REPORTS FOURTH QUARTER AND FULL YEAR 2025 FINANCIAL RESULTS Introduces Full-year 2026 Revenue Guidance of $940 Million to $980 Million and Adjusted EBITDA Guidance of $165 Million to $185 Million, Reflecting Year-over-year Growth of 8.6% and 4.0% at ...

Core Insights - Janus International Group reported total revenue of $884.2 million for the fiscal year 2025, a decrease of 8.3% compared to $963.8 million in 2024 [1] - The company generated a net income of $53.8 million, or $0.38 per diluted share, down from $70.4 million, or $0.49 per diluted share in the previous year [1] - Adjusted EBITDA for 2025 was $168.2 million, reflecting a 19.3% decrease from $208.5 million in 2024, with an adjusted EBITDA margin of 19.0% [1][4] - For 2026, Janus provided revenue guidance of $940 million to $980 million, indicating a year-over-year growth of 8.6% at the midpoint [1] Financial Performance - Fourth quarter 2025 revenue was $226.3 million, a 1.9% decrease from $230.8 million in Q4 2024 [1] - Adjusted EBITDA for Q4 2025 was $37.2 million, a 7.5% increase from $34.6 million in Q4 2024, with an adjusted EBITDA margin of 16.4% [1][4] - Adjusted net income for Q4 2025 was $15.6 million, up 15.2% from $13.5 million in Q4 2024, with adjusted diluted earnings per share of $0.11 [1][4] Revenue Breakdown - Total self-storage revenues for 2025 were $597.8 million, down 9.7% from $662.0 million in 2024 [4] - Commercial and other revenues decreased by 5.1% to $286.5 million in 2025 from $301.8 million in 2024 [4] - In Q4 2025, self-storage new construction revenues were $88.9 million, a decline of 8.1% from $96.7 million in Q4 2024 [4] Share Repurchase and Cash Flow - The company repurchased approximately 1.9 million shares for $16.0 million in 2025, with $80.5 million remaining under its share repurchase authorization [1] - Free cash flow for 2025 was $114.0 million, with a free cash flow conversion rate of 137% of non-GAAP adjusted net income [5] Strategic Initiatives - Janus announced the acquisition of Kiwi II Construction, enhancing its product offerings in the self-storage and pre-engineered buildings sector [1] - The CEO highlighted a focus on operational execution and customer service amidst macroeconomic challenges, with a strong balance sheet supporting future growth [1]

Core Viewpoint - Janus International Group, Inc. has announced a repricing of its first lien term loan, which will lower the interest rate on the $551 million loan [1] Group 1: Company Overview - Janus International Group, Inc. is a leading provider of building product solutions and access control technologies for the self-storage and commercial sectors [1] Group 2: Financial Details - The repricing of the first lien term loan was privately placed with institutional lenders in the syndicated loan market [1] - The applicable interest rate on the $551 million first lien term loan has been reduced [1]

Summary of Janus International Group FY Conference Call Company Overview - **Company**: Janus International Group (NYSE:JBI) - **Industry**: Self-storage and commercial building solutions - **Key Products**: Turnkey self-storage solutions, commercial sheet doors, rolling steel doors, and Nok Smart Entry technology - **Market Position**: Largest provider in the self-storage industry with a market share of less than 10% overall, indicating significant growth potential [3][4][5] Core Business Insights - **Revenue Breakdown**: Two-thirds from new construction and R3 (repair, rebuild, replace), and one-third from commercial operations [3][4] - **Customer Base**: Major clients include Public Storage, Extra Space, and U-Haul, with a focus on both institutional and smaller operators [4] - **Market Dynamics**: The self-storage industry is fragmented, with 35% being public REITs, providing a solid market share opportunity for Janus [4] Growth Drivers - **Event-Based Demand**: Growth driven by the "Six Ds" (dislocation, death, divorce, disaster, decluttering, distribution) [5] - **R3 Opportunities**: 60% of self-storage facilities are over 20 years old, creating a demand for renovations and upgrades [5] - **Technological Advancements**: Nok Smart Entry technology is a key growth area with a recurring revenue model [6] Recent Acquisitions - **Kiwi II Construction**: Acquired for $97 million, enhancing building solutions capabilities, particularly on the West Coast and Florida [9][10] - **Strategic Fit**: Complements existing operations and expands customer base among institutional contractors [10][11] - **TMC Acquisition**: Acquired for $60 million, focusing on facility maintenance services, with a strong revenue history despite recent project delays due to external factors [15][16] Financial Position - **Net Leverage**: 2.3 at Q3 end, within target range, with a TTM free cash flow conversion of 171% [8] - **Capital Allocation Priorities**: Focus on M&A and share repurchases, with a strategic bias towards acquisitions when opportunities arise [7][48] Market Outlook - **REIT CapEx Plans**: Positive outlook for growth in new construction and R3 services, with expectations of increased M&A activity among REITs in 2026 [27][28] - **Commercial Sector**: Anticipated growth in TMC and other commercial segments, despite some stagnation in pre-engineered metal building markets [31] Margin Improvement Strategies - **International Operations**: Structural changes and in-country strategies to improve margins, with a goal of achieving high teens to low 20s EBITDA rates [21][26] - **Product Adjustments**: Redesigning products to meet local market needs, aiming for lower-cost solutions without compromising quality [24] Input Costs and Profitability - **Steel Prices**: Stable in 2025, but potential increases anticipated in the near future, impacting margins [44][45] - **Nok Technology**: Expected to reach break-even as adoption increases, with high gross margins projected for software revenue [42][43] Conclusion - **Overall Sentiment**: Cautiously optimistic outlook for 2026, with strong growth drivers identified in both self-storage and commercial sectors [50]

Company Overview - Janus International Group, Inc. is a leading provider of access control technologies and building product solutions for the self-storage and other commercial and industrial sectors [1][3] - The company manufactures and supplies turn-key self-storage, commercial, and industrial building solutions, including roll-up and swing doors, hallway systems, relocatable storage units, and facility and door automation technologies [3] Upcoming Event - Janus International Group will participate in the CJS Securities 26th Annual New Ideas for the New Year Conference, scheduled to be held virtually on January 14, 2026 [1] - Ramey Jackson, CEO, and Anselm Wong, CFO, will present at 9:30 am ET, and the presentation will be accessible via a webcast on the company's website [2]

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