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November 9 , 2021 JANUS INTERNATIONAL GROUP Janus International Group Reports Third Quarter 2021 Financial Results Delivered 33.8 % revenue growth for the quarter , including 27.1 % organic improvement Closed acquisition of DBCI , a leading manufacturer of steel roll - up doors and building products Closed acquisition of ACT , a premier provider of self - storage access control services Announced redemption of warrants to simplify the capital structure 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 third quarter ended September 25 , 2021 . Third Quarter 2021 Highlights • Revenues of $ 187.8 million , a 33.8 % increase compared to the third quarter of 2020 , driven primarily by continued strong performance in key sales channels , including Restore , Rebuild , Replace ( " R3 " ) up 68.6 % and Commercial and Other up 104.1 % , along with a $ 9.4 million contribution from the recent acquisitions of DBCI and Access Control Technologies ( " ACT " ) and the positive impact of the continuing pandemic recovery . • Net income was $ 17.7 million , or $ 0.10 per diluted share , compared to $ 20.8 million , or $ 0.32 per diluted share in the third quarter of 2020. The year over year decrease was driven by an increase in raw material , labor and logistics costs coupled with increased selling and general and administrative expenses , largely attributable to recent M & A activity . • Adjusted net income ( defined as net income plus the corresponding tax effected add- backs shown in the Adjusted EBITDA reconciliation tables below ) of $ 19.0 million , or $ 0.11 per diluted share , compared to $ 23.2 million , or $ 0.35 per diluted share , in the third quarter of 2020. The year over year decrease was driven primarily by an increase in raw material , labor and logistics costs coupled with increased selling and general and administrative expenses . • Adjusted EBITDA of $ 36.3 million , a 2.9 % increase compared to the third quarter of 2020 , driven by increased revenue , partially offset by higher cost of sales and general and administrative expenses . Adjusted EBITDA as a percentage of revenues was 19.3 % , a decrease of 5.8 % from the prior year period due primarily to higher costs impacting raw material , labor and logistics in advance of commercial actions and cost containment measures taking effect , as well as incremental additional costs associated with being a public company .