JBIJanus International Group, Inc.
Metal Doors, Sash, Frames, Moldings & Trim
- Revenue
- $884M
- 8.3% YoY
- Operating margin
- 12.6%
- 17% YoY
- EBITDA
- $158M
- 17% YoY
- Market cap
- $681M
- Employees
- 2,243
- $394K revenue each
- Net debt / EBITDA
- 3.8×
- $605M net debt
- AI in 10-K
- 2.9
- mentions per 10K words
Takeover score 2 of 13
Fixable underperformance 1 of 7
- TSR below peersYes4 of 4 years3+ of last 5 years
- High CEO pay despite TSRNo$4M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo259% of net incomeCash flow under 80% of net income
- Dilutive SBCNo2% of revenueOver 10% of revenue
- Payouts exceed cash flowNo11% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo33% of assetsOver 40% of assets
- Shareholder dissentNo93% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo$394K · 44th pctBottom quartile of its SIC industry
- Quiet on AINo2.9 per 10K words · 69th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo3.8× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedYes$681M market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo$0 netNet sales over $10M in 12 months
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2026 | YoY |
|---|---|---|---|---|---|
| Revenue | $1.0B | $1.1B | $964M | $884M | 8.3% |
| Operating income | $188M | $246M | $147M | $112M | 24% |
| Net income | $44M | $136M | $70M | $54M | 24% |
| Operating cash flow | $89M | $215M | $154M | $140M | 9.4% |
| Capex | $9M | $19M | $20M | $26M | 27% |
| Stock-based comp | $4M | $7M | $11M | $16M | 51% |
| Buybacks | $0 | $0 | $79M | $16M | 80% |
Deal filings
None.
13D filers
| Filed | Filer | Form | Stake | Intent |
|---|---|---|---|---|
| Dec 18, 2023 | CLEARLAKE CAPITAL GROUP, L.P. | SC 13D/A | 0.0% | Passive |
| Sep 19, 2023 | CLEARLAKE CAPITAL GROUP, L.P. | SC 13D/A | 15.7% | Passive |
| Jun 22, 2023 | CLEARLAKE CAPITAL GROUP, L.P. | SC 13D/A | 30.3% | Passive |
| May 17, 2023 | CLEARLAKE CAPITAL GROUP, L.P. | SC 13D/A | 35.5% | Passive |
| Dec 16, 2022 | CLEARLAKE CAPITAL GROUP, L.P. | SC 13D/A | 35.5% | Passive |
| Nov 16, 2021 | CLEARLAKE CAPITAL GROUP, L.P. | SC 13D/A | 37.8% | Passive |
| Jun 16, 2021 | CLEARLAKE CAPITAL GROUP, L.P. | SC 13D | 40.4% | Active |
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | $4M | $3M | 48 | 168 |
| FY2024 | $6M | $449K | 53 | 106 |
| FY2023 | $5M | $7M | 94 | 97 |
| FY2022 | $962K | $962K | 90 | 100 |