Page 1

June 14 , 2021 JANUS INTERNATIONAL GROUP Janus International Group Reports First Quarter 2021 Financial Results 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 TEMPLE , Ga .-- ( BUSINESS WIRE ) -- 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 . Ramey Jackson , Chief Executive Officer , stated , “ Our results show the momentum we have in our business , which is driven by several strategic tailwinds in the industry as well as our shift to additional technology offerings that complement our already best - in - class self- storage solutions . We delivered strong top line growth due primarily to increased demand , and produced strong overall results despite a number of macroeconomic headwinds , including global raw material cost increases , global logistics constraints , and domestic labor tightness . We are optimally positioned within our industry to manage through this incredibly dynamic environment , further strengthen our project pipeline and deliver on our objectives . ” Mr. Jackson continued , “ Janus is well positioned with a mix of best in class products in the self - storage industry and an exciting mix of technology - driven new products for further growth . The demand outlook for our products in self - storage and the commercial and industrial markets remains strong . With the recent closing of our business combination with Juniper Holdings and listing on the New York Stock Exchange , we are now even better positioned to execute on all these value - enhancing opportunities . " About Janus International Group