Janus International Group reported a strong fourth quarter with a 58.4% increase in revenue and a 26.7% increase in Adjusted EBITDA. The company's performance was driven by growth across all sales channels and contributions from recent acquisitions. However, net income decreased due to rising costs and increased expenses related to being a public company and M&A activity.
Achieved 58.4% revenue growth for the fourth quarter, including 40.2% organic improvement.
Delivered Adjusted EBITDA of $43.3 million in the fourth quarter, an increase of 26.7% year-over-year.
Simplified capital structure with redemption of all outstanding warrants.
Introduced full-year 2022 revenue and adjusted EBITDA guidance.
Janus is providing initial full-year 2022 guidance with revenue in a range of $845 million to $865 million and Adjusted EBITDA in a range of $183 million to $190 million.
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