*Janus uses measures of performance that are not required by or presented 
in accordance with GAAP in the United States. Non-GAAP financial 
performance measures are used to supplement the financial information 
presented on a GAAP basis. These non-GAAP financial measures should not be 
considered in isolation or as a substitute for the relevant GAAP measures 
and should be read in conjunction with information presented on a GAAP 
basis. 
 
 
Janus International Group, Inc. 
 Free Cash Flow Conversion* 
 (In millions, except percentages) 
 
                                            Nine Months Ended 
                              ---------------------------------------------- 
                                September 28, 2024      September 30, 2023 
                              ----------------------  ---------------------- 
Cash Flow from Operating 
 Activities                     $        102.6          $        146.5 
Less: Purchases of property 
 plant and equipment                     (14.0)         $        (13.5) 
                              ---  -----------   ---  ---  ----------- --- 
Free Cash Flow                  $         88.6          $        133.0 
 
Non-GAAP Adjusted Net Income    $         76.8          $        102.6 
 
Free Cash Flow Conversion of 
 Non-GAAP Adjusted Net 
 Income                                    115%                    130% 
 
 
                                      Trailing Twelve-Months Ended 
                            ------------------------------------------------ 
                               September 28, 2024       September 30, 2023 
                            ------------------------  ---------------------- 
Cash Flow from Operating 
 Activities                    $         171.0          $        172.4 
Less: Purchases of 
 property plant and 
 equipment                               (19.8)                  (14.4) 
                            ----  ------------   ---  ---  ----------- --- 
Free Cash Flow                 $         151.2          $        158.0 
 
Non-GAAP Adjusted Net 
 Income(1)                     $         112.8          $        135.1 
 
Free Cash Flow Conversion 
 of Non-GAAP Adjusted Net 
 Income                                    134%                    117% 
 
 
(1)    Trailing Twelve-month Adjusted Net Income for the period ended 
       September 28, 2024 consists of the sum of Adjusted Net Income as 
       reported in the Company's Quarterly or Annual Reports, as applicable, 
       of $35.9, $31.1, $30.1 and $15.7 for the periods ended December 30, 
       2023, March 30, 2024, June 29, 2024 and September 28, 2024, 
       respectively. Trailing Twelve-month Adjusted Net Income for the period 
       ended September 30, 2023 consists of the sum of Adjusted Net Income as 
       reported in the Company's Quarterly or Annual Reports, as applicable, 
       of $32.7, $26.4, $37.0 and $39.0 for the periods ended December 31, 
       2022, April 1, 2023, July 1, 2023 and September 30, 2023, 
       respectively. 
 
*Janus uses measures of performance that are not required by or presented in 
accordance with GAAP in the United States. Non-GAAP financial performance 
measures are used to supplement the financial information presented on a GAAP 
basis. These non-GAAP financial measures should not be considered in isolation 
or as a substitute for the relevant GAAP measures and should be read in 
conjunction with information presented on a GAAP basis. 
 
 
Janus International Group, Inc. 
 Non-GAAP Net Leverage Ratio* 
 (In millions, except ratios) 
 
                                    September 28, 2024    December 30, 2023 
                                   --------------------  ------------------- 
Note payable - First Lien            $            600.0    $           623.4 
Less: Cash                                        102.1                171.7 
                                   ---  ---------------  ---  -------------- 
Net Debt*                            $            497.9    $           451.7 
 
Net Income (Trailing Twelve-Month 
 periods ended)(1)                   $            105.9    $           135.7 
Adjusted EBITDA (Trailing 
 Twelve-Month periods ended)(2)      $            248.2    $           285.6 
 
Long-Term Debt to Net Income                        5.7                  4.6 
Non-GAAP Net Leverage Ratio*                        2.0                  1.6 
 
 
(1)    Trailing Twelve-months Net Income for the period ended September 28, 
       2024 consists of the sum of Net Income as reported in the Company's 
       Quarterly and Annual Reports, as applicable of $35.8, $30.7, $27.6 and 
       $11.8 for the periods ended December 30, 2023, March 30, 2024, June 29, 
       2024 and September 28, 2024, respectively. Trailing Twelve-months Net 
       Income for the period ended December 30, 2023 is Net Income as reported 
       in the Company's Annual Report on Form 10-K for the year ended December 
       30, 2023. 
(2)    Trailing Twelve-months Adjusted EBITDA for the period ended September 
       28, 2024 consists of the sum of Adjusted EBITDA as reported in the 
       Company's Quarterly or Annual Reports, as applicable of $74.3, $66.3, 
       $64.5 and $43.1 for the three month periods ended December 30, 2023, 
       March 30, 2024, June 29, 2024 and September 28, 2024, respectively. 
       Trailing Twelve-month Adjusted EBITDA for the period ended December 30, 
       2023 is Adjusted EBITDA as reported in the Company's Annual Report on 
       Form 10-K for the year ended December 30, 2023. 
 
*Janus uses measures of performance that are not required by or presented in 
accordance with GAAP in the United States. Non-GAAP financial performance 
measures are used to supplement the financial information presented on a GAAP 
basis. These non-GAAP financial measures should not be considered in isolation 
or as a substitute for the relevant GAAP measures and should be read in 
conjunction with information presented on a GAAP basis. 
 

View source version on businesswire.com: https://www.businesswire.com/news/home/20241029640490/en/

 
    CONTACT: 

Investor Contacts, Janus

Sara Macioch

Senior Director, Investor Relations, Janus International

770-562-6399

IR@janusintl.com

Media Contacts, Janus

Suzanne Reitz

Vice President of Marketing, Janus International

770-746-9576

Marketing@Janusintl.com

(END) Dow Jones Newswires

October 29, 2024 06:55 ET (10:55 GMT)