Delivered double-digit growth in revenues, Adjusted EBITDA, net income and operating cash flow
Completed business combination with Juniper Industrial and began trading on the New York Stock Exchange on June 8, 2021
Janus International Group, Inc. (NYSE:JBI) (“Janus” or the “Company”), a leading provider of cutting-edge access control technologies and building product solutions for the self-storage and other commercial and industrial sectors, announced financial results for the first quarter of 2021.
First Quarter 2021 Highlights
Revenues of $152.8 million, a 10.9% increase compared to the first quarter of 2020, driven primarily by increased volumes and improved market conditions.
Adjusted EBITDA of $32.6 million, a 14.8% increase compared to the first quarter of 2020, primarily driven by increased revenues that more than offset the impact of the higher cost of raw materials, freight and labor.
Net income of $14.7 million, an increase from $10.0 million in the first quarter of 2020, driven primarily by higher operating income.
Operating cash flow expanded to $25.6 million, an increase from $20.3 million in the first quarter of 2020.