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August 10 , 2021 JANUS INTERNATIONAL GROUP Janus International Group Reports Second Quarter 2021 Financial Results Delivered strong double - digit year over year growth in revenues and Adjusted EBITDA Completed business combination with Juniper Industrial Holdings and began trading on the New York Stock Exchange Announced highly strategic acquisition of DBCI , a leading complementary specialty building products solutions provider 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 , today announced financial results for the second quarter of 2021 . Second Quarter 2021 Highlights • Revenues of $ 174.2 million , a 42.5 % increase compared to the second quarter of 2020 , driven primarily by strong performance in the commercial ( 69 % increase quarter over quarter ) and R3 - self storage ( 62 % increase quarter over quarter ) sales channels , which was partially bolstered by COVID - related recoveries across all end markets . • Net income of $ 1.1 million , a decrease from $ 11.0 million in the second quarter of 2020. The year over year decrease was driven primarily by costs related to the consummation of the completed business combination , increased raw material , labor and logistics costs and higher income taxes . • Adjusted net income ( defined as net income plus the corresponding add - backs shown in the Adjusted EBITDA reconciliation tables below ) of $ 17.3 million , an increase from $ 11.3 million in the second quarter of 2020. The year over year increase was driven primarily by higher revenue and lower interest expense , partially offset by increased raw material , labor and logistics costs coupled with higher income tax expense . • Adjusted EBITDA of $ 35.9 million , a 26.0 % increase compared to the second quarter of 2020 , driven by higher revenues , partially offset by inflationary pressures from raw materials , labor , logistics , and strategic investments to support growth . The Company has taken actions to offset the inflationary effects through both commercial and cost containment initiatives . The Company also experienced incremental costs associated with being a public company , keeping employees safe as a result of COVID - 19 , higher headcount due to strategic investments behind the new Facilitate initiatives , and the continued build out of the Noke Smart Entry ground game and customer service department . • Operating cash flow of $ 44.8 million modestly declined from the second quarter of 2020 reflecting investments in working capital to support the continued growth of the