Janus International Group, Inc. announces an Equity Buyback for $100 million worth of its shares.
February 28, 2024 at 06:56 am EST
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Janus International Group, Inc. (NYSE:JBI) announces a share repurchase program. Under the program, the company will repurchase up to $100 million worth of its shares. The repurchases will be funded from available cash on hand and expected free cash flow to be generated in the future.
Janus International Group, Inc. is a manufacturer, supplier, and provider of turn-key self-storage, commercial, and industrial building solutions. The Company operates through two geographic segments: Janus North America and Janus International. The Janus North America segment is comprised of all the other entities, including Janus International Group, LLC, Betco, Inc., Noke, Inc., Asta Industries, Inc., DBCI, LLC, Access Control Technologies, LLC, Janus Door, LLC, and Steel Door Depot.com, LLC. The Janus International segment is comprised of Janus International Europe Holdings Ltd. (UK). Its production and sales are in Europe and Australia. The Company provides facility and door automation and access control technologies, roll up and swing doors, hallway systems, and relocatable storage Moveable Additional Storage Structures units. It is comprised of three sales channels, including New Construction-Self-storage, R3-Self-storage, and Commercial and Other.
JANUS INTERNATIONAL GROUP, INC. 
