*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)
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