secwatch.observer — SEC 8-K summary
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Issuer:     Janus International Group, Inc. (JBI)
CIK:        0001839839
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0001839839-24-000058
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Janus reports Q4 net income $35.8M, adjusted EBITDA $74.3M; launches $100M buyback; issues 2024 guidance
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- Q4 revenue $263.7M (-5.7% YoY); net income $35.8M ($0.24 diluted EPS) vs $32.7M ($0.22) YoY.
- Full year 2023 revenue $1,066.4M (+4.6%); net income $135.7M ($0.92 diluted EPS) vs $107.7M ($0.73).
- Adjusted EBITDA FY23 $285.6M (+25.9%); margin 26.8% vs 22.3%; free cash flow conversion 142%.
- Announces $100M share repurchase program; year-end net leverage 1.6x (down 1.2x).
- FY2024 guidance: revenue $1.092-$1.125B (+4% mid); Adj. EBITDA $286-$310M (+4.3% mid).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1839839/000183983924000058/0001839839-24-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1839839/000183983924000058/jbi-20240228.htm
  HTML page:      https://secwatch.observer/filing/0001839839-24-000058

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer