Janus International Group Receives Upgrade to Credit Rating from S&P Global Ratings

Janus International Group, a leading provider of cutting-edge access control technologies and building product solutions, has received an upgrade to its credit rating by S&P Global Ratings from "B+" to "BB-" with a stable outlook. This recognition reflects the company's resilient business model, balanced approach to capital allocation, and consistent cash flow generation and profitability. Janus's Executive Vice President and Chief Financial Officer, Anselm Wong, expressed satisfaction with the upgrade, attributing it to the company's strong balance sheet and focus on creating long-term value for stakeholders.

Key Takeaways:

• Janus International Group has received an upgrade to its credit rating from S&P Global Ratings from "B+" to "BB-" with a stable outlook.
• The upgrade reflects Janus's resilient business model, balanced approach to capital allocation, and consistent cash flow generation and profitability.
• Janus's Executive Vice President and Chief Financial Officer, Anselm Wong, attributed the upgrade to the company's strong balance sheet and focus on creating long-term value for stakeholders.
• Janus operates globally, with locations in the U.S. and internationally, providing turn-key self-storage, commercial, and industrial building solutions.
• The credit rating upgrade is expected to positively impact Janus's positioning in the industry, its ability to strengthen its pipeline, and deliver on its objectives.

Statistics:

• Janus International Group's net leverage has remained low, contributing to the credit rating upgrade.
• The company's stable outlook indicates a positive prognosis for its financial performance.
• Janus serves the self-storage and other commercial and industrial sectors, with a focus on providing innovative building product solutions.

Sources:

• S&P Global Ratings
• Janus International Group, Inc. (NYSE: JBI) (www.JanusIntl.com)
• Businesswire.com