On this page of StockholderLetter.com we present the latest annual shareholder letter from Janus International Group, Inc. — ticker symbol JBI. Reading current and past JBI letters to shareholders can bring important insights into the investment thesis.

 •  4/24/2026 Letter Continued (Full PDF)
 •  5/5/2023 JBI Stockholder Letter
 •  4/26/2024 JBI Stockholder Letter
 •  4/25/2025 JBI Stockholder Letter
 •  More "Metals Fabrication & Products" Category Stockholder Letters
 •  JBI Benford's Law Stock Score = 98

JBI Shareholder/Stockholder Letter Transcript:

ANNUAL REPORT

TABLE OF
CONTENTS
GLOBAL OFFICES & BRANDS . . . . . . . . .
LETTER TO SHAREHOLDERS . . . . . . . .
1
2
RAMEY JACKSON | CEO AND DIRECTOR
LETTER TO SHAREHOLDERS . . . . . . . .
6
ROGER FRADIN | CHAIR OF THE BOARD
LEADERSHIP . . . . . . . . . . . . . . . . . . . . . . . . . .
7
EXECUTIVE TEAM AND BOARD OF DIRECTORS
FORM 10-K . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
RECONCILIATIONS . . . . . . . . . . . . . . . . . .
109
ABOUT JANUS
Janus is a leading global manufacturer,
supplier, and provider of turn-key selfstorage, commercial, and industrial
building solutions including: roll-up
and swing doors, hallway systems,
single- and multi-story steel buildings,
building components, relocatable
storage units, facility and door
automation technologies, and trucking
terminal renovation, construction,
remodeling, and maintenance services.
This annual report to stockholders may contain forward-looking statements. Please refer to our Annual Report on Form 10-K,
which accompanies this annual report to stockholders for additional information regarding forward-looking statements.

1
GLOBAL OFFICES
& BRANDS
US LOCATIONS
Temple, GA | HEADQUARTERS
    Surprise, AZ
    Douglasville, GA
    Salisbury, NC
    Anaheim, CA
    Madison, GA
    Statesville, NC
    Orlando, FL
    Butler, IN
    Houston, TX
    Atlanta, GA
    Charlotte, NC
    Lehi, UT
    Cartersville, GA
    Mt. Airy, NC
INTERNATIONAL LOCATIONS
    Eagle Farm QLD, Australia
    Wroc  aw, Poland
    Silverwater NSW, Australia
    Peterlee, United Kingdom
    Tottenham, Victoria, Australia
    Twickenham, United Kingdom
    Vaughan, Ontario Canada
2025 ANNUAL REPORT | JANUS INTERNATIONAL
1

2
LETTER TO
SHAREHOLDERS
RAMEY JACKSON
CHIEF EXECUTIVE OFFICER AND DIRECTOR
DEAR FELLOW SHAREHOLDERS,
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We   re proud of the way we do business and the
industry leadership position we have built over the
past two decades. Each step we take furthers our
mission to be the leading global manufacturer and
provider of turn-key self-storage, commercial, and
industrial building solutions.
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As we have grown and expanded into new
markets, our end goal has not changed, and 2025
only reinforced our fundamentals. Even as our
markets faced constraints during the year driven
by macroeconomic concerns and sustained high
interest rates, we remained focused on execution,
operating safely and serving our customers as we
worked to stabilize the business.
Continued on next page.
2025 ANNUAL REPORT | JANUS INTERNATIONAL
2

DELIVERING ON
OUR STRATEGY
Amid a dynamic backdrop, our disciplined
execution and diversi   ed business model
enabled us to deliver the following:
$884.2 MILLION
IN TOTAL REVENUE
$53.8 MILLION
OF NET INCOME
19.0%
ADJUSTED EBITDA MARGIN*
$139.5 MILLION
CASH FLOWS FROM
OPERATIONS
137%
2.1X
458K
F R E E C AS H F LOW CONVERS ION
Strong cash generation with
202 5 f ree c a s h fl ow co nver si o n
of Adj u ste d Net Inco me* o f 1 37%
N E T L E V E R AG E R AT I O
Ye a r - e n d Ne t Leve ra g e
Ratio* of 2.1x
TOTAL U NI TS I NSTALLED
No k   Sm a r t E n t r y u n it
g rowt h o f 2 6 % , to 458,000
to t a l u n i t s i n st a l l e d
*Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Net Income,
free cash    ow conversion of Adjusted Net Income, and Net
Leverage Ratio are non-GAAP measures. For reconciliations
of GAAP to these non-GAAP    nancial measures, see reconciliation
of Non-GAAP    nancial measures beginning on page 109.
2025 ANNUAL REPORT | JANUS INTERNATIONAL
3

4/24/2026 Letter Continued (Full PDF)

 

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