JBI on NYSE

Janus International Group, Inc.

Janus International Group, Inc. is an American metal doors company, incorporated in Delaware, listed on NYSE (JBI).1 It is headquartered in Temple, Georgia.1

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Last updated Oct 21, 2026.

Overview

$884.2MRevenue, fiscal 20262
$53.8MNet income, fiscal 20262

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  • TickerJBI on NYSE1
  • IndustryMetal Doors, Sash, Frames, Moldings & Trim1
  • HeadquartersTemple, Georgia1
  • Incorporated inDE3
  • Business address135 Janus International Blvd., Temple, Ga 301793
  • Filer categoryLarge accelerated filer3

Janus International Group, Inc. (“we,” “us,” “Group,” “Janus” or the “Company”), headquartered in Temple, Georgia with eleven domestic and three international manufacturing facilities is a leading global manufacturer, supplier, and provider of turn-key self-storage, commercial, and industrial building solutions including: roll up and swing doors, hallway systems, single- and multi-story steel buildings, building components, relocatable storage “MASS” (Moveable Additional Storage Structures) units, facility and door automation technologies, and trucking terminal renovation, construction, remodeling, and maintenance services. We are highly integrated with customers at every phase of a project, including facility planning/design, construction, access control, and the restoration, rebuilding, and replacement (“R3”) of self-storage facilities. The self-storage industry is comprised of institu…5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

38.8%Gross margin2
12.6%Operating margin2
6.1%Net margin2
9.4%Return on equity2
0.94×Debt to equity2
$114.0MFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Product brought in 78% of the revenue Janus International Group, Inc. broke down this way in fiscal 2025.

  1. Product$686.9M278%down 12% from 2024
  2. Service$197.3M222%up 7% from 2024
Products and services by year
Products and services202320242025
Product$909.8M$779.4M$686.9M
Service$156.6M$184.4M$197.3M

Business segments

Janus North America brought in 88% of the revenue Janus International Group, Inc. broke down this way in fiscal 2025.

  1. Janus North America$783.6M288%down 12% from 2024
  2. Janus International$103.9M212%up 41% from 2024
Business segments by year
Business segments202320242025
Janus North America$985.7M$892.6M$783.6M
Janus International$82.3M$73.6M$103.9M

Regions

United States brought in 88% of the revenue Janus International Group, Inc. broke down this way in fiscal 2025.

  1. United States$779.5M288%down 12% from 2024
  2. Outside the United States$111.3M212%up 38% from 2024
Regions by year
Regions202320242025
United States$979.4M$885.6M$779.5M
Outside the United States$88.6M$80.6M$111.3M

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue61¢$541.2M
  • Other costs30¢$266.6M
  • Income tax3¢$22.6M
  • Profit6¢$53.8M

Out of $884.2M in revenue.2

Where each dollar of operating cash went, fiscal 2026

  • Capital spending18¢$25.5M
  • Share buybacks11¢$15.9M
  • Kept or used elsewhere70¢$98.1M

Out of $139.5M of cash from operations.2

Financial statements

Revenue672$884.2M in 2026+61% since 2020
0$500.0M$1.0B$1.5B2020: $549.0M$549.0M20202022: $1.0B$1.0B2022+86%2023: $1.1B$1.1B2023+5%2024: $963.8M$963.8M2024−10%2026: $884.2M$884.2M2026−8%
Gross profit672$343.0M in 2026+68% since 2020
0$200.0M$400.0M$600.0M2020: $203.8M$203.8M20202022: $364.9M$364.9M2022+79%2023: $449.7M$449.7M2023+23%2024: $397.8M$397.8M2024−12%2026: $343.0M$343.0M2026−14%
Operating income672$111.5M in 2026+18% since 2020
0$100.0M$200.0M$300.0M2020: $94.5M$94.5M20202022: $187.5M$187.5M2022+98%2023: $245.7M$245.7M2023+31%2024: $146.6M$146.6M2024−40%2026: $111.5M$111.5M2026−24%
Net income672$53.8M in 2026−5% since 2020
0$50.0M$100.0M$150.0M2020: $56.8M$56.8M20202022: $107.7M$107.7M2022+89%2023: $135.7M$135.7M2023+26%2024: $70.4M$70.4M2024−48%2026: $53.8M$53.8M2026−24%

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2025-12-312024-12-312023-12-31
Total revenues$884.2M$963.8M$1.1B
Cost of revenues$541.2M$566.0M$616.7M
GROSS PROFIT$343.0M$397.8M$449.7M
Selling and marketing$68.0M$68.1M$65.5M
General and administrative$162.8M$171.1M$138.5M
Impairment$700.0K$12.0M$0
Operating expenses$231.5M$251.2M$204.0M
INCOME FROM OPERATIONS$111.5M$146.6M$245.7M
Interest expense, net-$36.8M-$49.6M-$60.0M
Gain on sale of manufacturing facility$0$5.0M$0
Loss on extinguishment and modification of debt$0-$1.7M-$3.9M
Other income, net$1.7M$0$1.0M
Other Expense, Net-$35.1M-$46.3M-$62.9M
INCOME BEFORE TAXES$76.4M$100.3M$182.8M
Provision for income taxes$22.6M$29.9M$47.1M
NET INCOME$53.8M$70.4M$135.7M
Other comprehensive income (loss)$2.7M-$900.0K$1.9M
COMPREHENSIVE INCOME$56.5M$69.5M$137.6M
Basic (in shares)139.3M shares144.3M shares146.8M shares
Diluted (in shares)139.7M shares144.8M shares146.9M shares
Basic (in dollars per share)$0.39$0.49$0.92
Diluted (in dollars per share)$0.38$0.49$0.92

Compare Janus International Group, Inc. with another company

Corporate structure

Janus International Group, Inc. sits at the top of its group. 8 entities, 7 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Janus International Group, Inc.

  • COOKE & BIELER LP Filed SCHEDULE 13G/A on Janus International Group, Inc., latest Aug 5, 2026 (2 filings since Feb 12, 2025)
  • VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on Janus International Group, Inc., latest Jul 31, 2026
  • FMR LLC Filed SCHEDULE 13G/A on Janus International Group, Inc., latest May 6, 2026 (4 filings since Nov 12, 2024)
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on Janus International Group, Inc., latest Mar 27, 2026 (5 filings since Feb 13, 2024)
  • JPMorgan Chase Filed SCHEDULE 13G/A on Janus International Group, Inc., latest Sep 4, 2025 (3 filings since Feb 10, 2025)
  • BlackRock Filed SC 13G/A on Janus International Group, Inc., latest Nov 8, 2024 (3 filings since Jan 29, 2024)
  • WASATCH ADVISORS LP Filed SC 13G/A on Janus International Group, Inc., latest Feb 9, 2024 (4 filings since Nov 9, 2021)
  • CLEARLAKE CAPITAL GROUP, L.P. Filed SC 13D/A on Janus International Group, Inc., latest Dec 18, 2023 (6 filings since Nov 16, 2021)
  • Ratan Capital Management LP Filed SC 13G/A on Janus International Group, Inc., latest Feb 14, 2022
  • Janus International Group, Inc. Temple, Georgia
    • Janus International (Storage Solutions) Asia Pte Ltd. Subsidiary · Singapore
    • Janus International Australia Pty Ltd. Subsidiary · Australia
    • Janus International Canada, Ltd. Subsidiary · Canada
    • Janus International Europe Holdings, Ltd. Subsidiary · United Kingdom
    • Janus International Europe Ltd. Subsidiary · United Kingdom
    • Janus International France SARL Subsidiary · France
    • Janus International Poland sp z.o.o. Subsidiary · Poland

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Janus International Group, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$122.2M2 Jan 3, 2026$101.9M2 Dec 28, 2024+19.9%
Accumulated depreciation$56.0M2 Jan 3, 2026$45.1M2 Dec 28, 2024+24.2%
Property and equipment, net$66.2M2 Jan 3, 2026$56.8M2 Dec 28, 2024+16.5%
Finance-lease assets$2.6M2 Jan 3, 2026$3.4M2 Dec 28, 2024−23.5%
Operating-lease assets (leased space)$70.8M2 Jan 3, 2026$56.3M2 Dec 28, 2024+25.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$383.9M2 Jan 3, 2026$383.1M2 Dec 28, 2024+0.2%
Intangible assets, net (excluding goodwill)$341.1M2 Jan 3, 2026$373.5M2 Dec 28, 2024−8.7%
Accumulated amortization$226.9M2 Jan 3, 2026$193.8M2 Dec 28, 2024+17.1%
Finite-lived intangibles, net$245.6M2 Jan 3, 2026$278.0M7 Dec 28, 2024−11.7%

Inventory

ItemLatestA year beforeChange
Inventory, total$58.6M2 Jan 3, 2026$53.3M2 Dec 28, 2024+9.9%
Raw materials$46.7M2 Jan 3, 2026$40.3M2 Dec 28, 2024+15.9%
Work in process$300.0K2 Jan 3, 2026$400.0K2 Dec 28, 2024−25.0%
Finished goods$11.6M2 Jan 3, 2026$12.6M2 Dec 28, 2024−7.9%

Properties, in its own words

Our headquarters and principal executive office is located in Temple, Georgia. We have seven domestic offices, located in Georgia, North Carolina, and Utah, and two international offices, located in the United Kingdom. We own our office location in Temple, Georgia. All other office locations are leased.

We have eleven domestic manufacturing operations, located in Arizona, Georgia, Indiana, North Carolina, and Texas, in addition to three international manufacturing operations, located in Australia, Poland, and the United Kingdom. All of our manufacturing operations are leased. In addition, we have two domestic distribution centers, located in California and Florida, and three international distribution centers, located in Australia and Canada. All distribution centers are leased.

The rest of Item 2

We are of the opinion that the properties are suitable to our respective businesses and have production capacities adequate to meet the current needs of our businesses. Our expansion or consolidation of manufacturing facilities, distribution centers, or office space is made as appropriate to balance capacity with anticipated demand and to improve quality and service.

Item 2 of the 10-K filed Mar 4, 2026.5

Leadership

Who has led Janus International Group, Inc., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (23)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Janus International (Storage Solutions) Asia Pte Ltd. Singapore4
  • Janus International Australia Pty Ltd. Australia4
  • Janus International Canada, Ltd. Canada4
  • Janus International Europe Holdings, Ltd. United Kingdom (England and Wales)4
  • Janus International Europe Ltd. United Kingdom (England and Wales)4
  • Janus International France SARL France4
  • Janus International Poland sp z.o.o. Poland4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • Janus Parent, Inc.Feb 8, 2021 to Jun 4, 20213

Timeline

  1. Sep 25, 20268-K Exit or restructuring costs; Executive or director change39
  2. Aug 11, 20268-K Results of operations; Regulation FD disclosure40
  3. Jun 15, 20268-K Shareholder vote41
  4. May 12, 20268-K Results of operations; Regulation FD disclosure42
  5. Mar 5, 20268-K Executive or director change; Regulation FD disclosure; Other events43
  6. Mar 4, 20268-K Results of operations; Regulation FD disclosure44
  7. Feb 2, 20268-K Entered a material agreement; New debt or obligation; Regulation FD disclosure45
  8. Jan 9, 20268-K Executive or director change46
  9. Jan 8, 20268-K Entered a material agreement; Regulation FD disclosure47
  10. Nov 6, 20258-K Results of operations; Regulation FD disclosure48
  11. Aug 20, 20258-K Executive or director change49
  12. Aug 7, 20258-K Results of operations; Regulation FD disclosure50
  13. Jun 7, 2021New chief executive Ramey Pierce Jackson becomes CEO13

Calendar

Coming up

  1. Nov 5, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.16 a share, on Nov 6, 2025.51

When it reported results

  1. Aug 11, 2026Reported quarterly or annual results40
  2. May 12, 2026Reported quarterly or annual results42
  3. Mar 4, 2026Reported quarterly or annual results44
  4. Nov 6, 2025Reported quarterly or annual results48
  5. Aug 7, 2025Reported quarterly or annual results50
  6. May 8, 2025Reported quarterly or annual results52
  7. Feb 26, 2025Reported quarterly or annual results53
  8. Oct 29, 2024Reported quarterly or annual results54

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

381 filings to the SEC since October 2021: 5 annual reports, 17 quarterly reports, 59 major events, 217 insider forms, 29 large holders, 54 other. The latest 20:

  1. Sep 25, 20264 OWNERSHIP DOCUMENT EDGAR
  2. Sep 25, 20264 OWNERSHIP DOCUMENT EDGAR
  3. Sep 25, 20264 OWNERSHIP DOCUMENT EDGAR
  4. Sep 25, 20268-K EDGAR
  5. Aug 17, 20264 OWNERSHIP DOCUMENT EDGAR
  6. Aug 17, 20264 OWNERSHIP DOCUMENT EDGAR
  7. Aug 17, 20264 OWNERSHIP DOCUMENT EDGAR
  8. Aug 11, 202610-Q EDGAR
  9. Aug 11, 20268-K EDGAR
  10. Aug 5, 2026SCHEDULE 13G/A EDGAR
  11. Jul 31, 2026SCHEDULE 13G EDGAR
  12. Jun 16, 20264 OWNERSHIP DOCUMENT EDGAR
  13. Jun 15, 20268-K EDGAR
  14. Jun 10, 20264 OWNERSHIP DOCUMENT EDGAR
  15. Jun 10, 20264 OWNERSHIP DOCUMENT EDGAR
  16. Jun 10, 20264 OWNERSHIP DOCUMENT EDGAR
  17. Jun 10, 20264 OWNERSHIP DOCUMENT EDGAR
  18. Jun 10, 20264 OWNERSHIP DOCUMENT EDGAR
  19. Jun 10, 20264 OWNERSHIP DOCUMENT EDGAR
  20. Jun 10, 20264 OWNERSHIP DOCUMENT EDGAR

The 381 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

22 open-market trades by officers, directors and large owners since October 2021: 0 buys and 22 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jul 29, 2024Frayser PeterChief Commercial OfficerSale15,000$15.00$225.0KForm 4
Jun 12, 2024Frayser PeterChief Commercial OfficerSale20,000$13.53$270.6KForm 4
Feb 16, 2024Jackson Ramey PierceChief Executive OfficerSale125,000$15.44$1.9MForm 4
Feb 15, 2024Nettie Norman VEVP, Corporate OperationsSale90,000$15.27$1.4MForm 4
Feb 15, 2024Jackson Ramey PierceChief Executive OfficerSale100,000$15.26$1.5MForm 4
Feb 15, 2024Hodges MorganExecutive Vice PresidentSale150,000$15.26$2.3MForm 4
Jan 18, 2024Jackson Ramey PierceChief Executive OfficerSale77,774$13.50$1.0MForm 4
Jan 17, 2024Nettie Norman VEVP, Corporate OperationsSale34,729$13.78$478.6KForm 4
Jan 17, 2024Jackson Ramey PierceChief Executive OfficerSale92,035$13.72$1.3MForm 4
Jan 17, 2024Hodges MorganExecutive Vice PresidentSale39,395$13.85$545.6KForm 4
Jan 16, 2024Nettie Norman VEVP, Corporate OperationsSale55,271$13.99$773.2KForm 4
Jan 16, 2024Jackson Ramey PierceChief Executive OfficerSale55,191$13.99$772.1KForm 4
Jan 16, 2024Hodges MorganExecutive Vice PresidentSale110,605$13.99$1.5MForm 4
Dec 15, 2023Jackson Ramey PierceChief Executive OfficerSale275,000$11.76$3.2MForm 4
Dec 15, 2023Hodges MorganExecutive Vice PresidentSale150,000$11.76$1.8MForm 4
Dec 15, 2023Nettie Norman VEVP, Corporate OperationsSale90,000$11.76$1.1MForm 4
Dec 15, 2023Eghbali Behdad10% ownerSale26,548$11.85$314.6KForm 4
Dec 14, 2023Eghbali Behdad10% ownerSale23,044,110$10.01$230.7MForm 4
Sep 15, 2023Eghbali Behdad10% ownerSale21,369,007$10.50$224.4MForm 4
Jun 20, 2023Feliciano Jose Enrique10% ownerSale7,711,621$9.09$70.1MForm 4

All 22 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Ramey JacksonChief Executive Officer53$895.0K$4.2M64
2025Anselm WongExecutive Vice President and Chief Financial Officer54$551.0K$1.6M64
2025Elliot KahlerGeneral Counsel & Corporate Secretary35$455.0K$1.2M64
2025Morgan HodgesExecutive Vice President61$443.6K$1.0M64
2025Vic NettieExecutive Vice President, Corporate Operations58$404.7K$1.0M64
2024Anselm WongExecutive Vice President and Chief Financial Officer54$535.5K$7.3M64
2024Ramey JacksonChief Executive Officer53$877.8K$6.4M64
2024Vic NettieExecutive Vice President, Corporate Operations58$396.9K$1.4M64
2024Elliot KahlerGeneral Counsel & Corporate Secretary35$426.7K$1.4M64
2024Morgan HodgesExecutive Vice President61$426.8K$1.4M64
2023Ramey JacksonChief Executive Officer53$866.5K$4.8M64
2023Anselm WongExecutive Vice President and Chief Financial Officer54$500.0K$1.9M64
2023Morgan HodgesExecutive Vice President61$417.6K$1.2M64
2023Vic NettieExecutive Vice President, Corporate Operations58$371.0K$1.1M64

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Fmr LLC20,458,793$113.5M0.0%−369,918
BlackRock, Inc.10,811,865$60.0M0.0%+788,284
Jpmorgan Chase & Co6,163,885$34.6M0.0%−442,923
Vanguard Capital Management LLC5,866,275$32.6M0.0%+17,789
Cooke & Bieler LP5,099,757$28.3M0.3%−2,684,118
Dimensional Fund Advisors LP5,080,506$28.2M0.0%+874,847
River Road Asset Management, LLC4,360,798$24.2M0.3%−139,624
Vanguard Portfolio Management LLC4,019,677$22.3M0.0%−2,013,209
Geode Capital Management, LLC3,486,125$19.4M0.0%+167,540
Atlas FRM LLC3,240,000$18.0M0.8%New
State Street Corp3,185,932$17.7M0.0%+102,558
DAVENPORT & Co LLC2,798,894$15.5M0.1%+170,000
Allspring Global Investments Holdings, LLC2,315,357$12.5M0.0%−543,614
Qube Research & Technologies Ltd2,243,923$12.5M0.0%New
Mw Advisory, LLC2,183,549$12.1M4.8%New
Aqr Capital Management LLC1,924,885$10.7M0.0%+1,329,692
Anchor Capital Management Company, LLC1,909,226$10.6M10.9%+700,000
Charles Schwab Investment Management Inc1,767,429$9.8M0.0%+2,871
Royce & Associates LP1,714,522$9.5M0.1%+203,131
Bank of New York Mellon Corp1,695,347$9.4M0.0%−22,946
Gumshoe Capital Management LLC1,681,076$9.3M8.5%−773,233
Morgan Stanley1,643,186$9.1M0.0%+339,010
Hotchkis & Wiley Capital Management LLC1,545,408$8.6M0.0%+153,660
RBF Capital, LLC1,367,194$7.6M0.3%−34,420
D. E. Shaw & Co., Inc.1,206,097$6.7M0.0%+712,581

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

5 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Mar 25, 2022Alan S. Lowenthal, HouseSale$1,001 - $15,000+123.5%Report
Mar 24, 2022Alan S. Lowenthal, HousePartial sale$1,001 - $15,000+125.0%Report
Mar 16, 2022Alan S. Lowenthal, HousePartial sale$1,001 - $15,000+131.8%Report
Jan 7, 2022Alan S. Lowenthal, HouseBuy$1,001 - $15,000−130.4%Report
Dec 20, 2021Alan S. Lowenthal, HouseBuy$1,001 - $15,000−133.3%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Janus International Group, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARJanus International Group, Inc.1
  • CIK0001839839
  • Employer ID (EIN)86-14762005
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
  • Incorporated inDelaware5
  • Fiscal year endsJanuary 11
  • Industry code (SIC)3442 Metal Doors, Sash, Frames, Moldings & Trim1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address135 Janus International Blvd., Temple, GA 301791
  • Phone(866) 562-25801
  • Shares outstanding136,435,790 as of Aug 7, 20269
  • Public float$966.0M as of Jun 27, 20255
  • AuditorKPMG LLP, Atlanta, Georgia PCAOB ID 185; it also attests to the company’s internal control over financial reporting5
  • On EDGAR sinceFeb 8, 20211
  • Filings437 in all: 4 (203), 8-K (65), 3 (26), 144 (18), 424B3 (17), 10-Q (16), SC 13G/A (9), SCHEDULE 13G/A (7)1
    All 37 form types

    SC 13D/A (6), 10-K (5), CORRESP (5), DEF 14A (5), DEFA14A (5), ARS (4), EFFECT (4), S-4/A (4), SC 13G (4), UPLOAD (4), 5 (3), 8-K/A (3), SCHEDULE 13G (3), 10-Q/A (2), 4/A (2), 424B5 (2), POS AM (2), PRE 14A (2), 25-NSE (1), 425 (1), 8-A12B (1), CERT (1), DEL AM (1), NT 10-K (1), S-1 (1), S-1/A (1), S-4 (1), S-8 (1), SC 13D (1)

  • Latest filingsAnnual report (10-K) Mar 4, 2026
    Quarterly report (10-Q) Aug 11, 2026
    Proxy statement (DEF 14A) Apr 24, 2026
    Latest 8-K (8-K) Sep 25, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.0001 per shareJBINew York Stock Exchange

From the cover page of the 10-K filed Mar 4, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks Janus International Group, Inc. names in Item 1A of its 10-K filed Mar 4, 2026: 46 risks under these headings, as written.5

  • Risks Related to Our Business
  • Our continued success is dependent upon our ability to hire, retain, and utilize qualified personnel.
  • We engage in a highly competitive business. If we are unable to compete effectively, we could lose market share and our business and results of operations could be negatively impacted.
  • Our business strategy relies, in part, on acquisitions to sustain our growth. Acquisitions of other companies present certain risks and uncertainties, including the successful integration and development of acquired businesses and our ability to retain key employees of acquired businesses, which could have a material adverse effect on our financial results.
  • Our dependence on, and the price and availability of, raw materials (such as steel coil) as well as purchased components may adversely affect our business, results of operations, and financial condition.
  • Changes in U.S. trade policy and the imposition of tariffs could negatively impact our business, financial condition, and results of operations.
  • Our use of hedging arrangements may adversely affect our future operating results or liquidity.
  • The outcome of pending and future claims and litigation could have a material adverse impact on our business, financial condition, and results of operations.
  • We may be subject to liability if we breach our contracts, and our insurance may be inadequate to cover our losses.
  • We are potentially subject to taxation related risks in multiple jurisdictions, and changes in U.S. tax laws, in particular, could have a material adverse effect on our business, cash flow, results of operations, or financial condition.
  • Unanticipated changes in effective tax rates or adverse outcomes resulting from examination of our income or other tax returns could adversely affect our financial condition and results of operations.
  • We may experience negative or unforeseen tax consequences.
The other 35 risks
  • Fluctuations in foreign currency could have an effect on our reported results of operations.
  • Any significant disruption in or unauthorized access to our computer systems or those of third parties that we utilize in our operations, including those relating to cybersecurity or arising from cyber-attacks, could result in a loss or degradation of service, unauthorized disclosure of data, including user and corporate information, or theft of intellectual property, including digital assets, which could adversely impact our financial condition or harm our reputation.
  • We face system security risks as we depend upon automated processes and the Internet, and our reputation could be damaged, we could incur substantial additional costs and become subject to litigation if our systems are penetrated.
  • Failure to maintain, upgrade, or replace our IT systems could materially adversely affect us.
  • Emerging issues related to the development and use of artificial intelligence could give rise to legal or regulatory action, damage our reputation, or otherwise materially harm our business.
  • Our ongoing development of technology products presents security and safety risks.
  • Our brand is integral to our success. If we fail to effectively maintain, promote, and enhance our brand in a cost-effective manner, our business and competitive advantage may be harmed.
  • Economic uncertainty or downturns, particularly as it impacts specific industries, could adversely affect our business and results of operations.
  • If we are unable to develop new product or service offerings, achieve increased consumer adoption of those offerings, or penetrate new vertical markets, our business and financial results could be materially adversely affected.
  • Our corporate culture has contributed to our success and, if we are unable to maintain it as we mature, our business, financial condition and results of operations could be harmed.
  • Our past growth may not be indicative of our future growth, and we may not be able to maintain or increase our revenue in future periods.
  • We may require additional capital to pursue our business objectives and respond to business opportunities, challenges, or unforeseen circumstances. If capital is not available to us, our business, operating results, and financial condition may be harmed.
  • We may not be able to generate sufficient cash to service our obligations and any debt we incur.
  • We may not be able to adequately protect our proprietary and intellectual property rights in our data or technology.
  • We may in the future be sued by third parties for various claims, including alleged infringement of proprietary intellectual property rights.
  • Rising operating expenses for our customers could indirectly reduce our cash flow and funds available for future distributions.
  • Certain of our customers have negotiating leverage, which may require that we agree to terms and conditions that result in increased cost of revenues, decreased revenues, and lower average selling prices and gross margins, all of which could harm our results of operations.
  • Privacy concerns could result in regulatory changes that may harm our business.
  • Certain environmental regulations to which we are subject create uncertainty regarding future environmental expenditures and liabilities.
  • Our manufacturing facilities are subject to unexpected equipment failures, operational interruptions, and casualty losses.
  • Our business and operations are subject to risks related to climate change.
  • If employees violate our policies or we fail to maintain adequate record-keeping and internal accounting practices to accurately record our transactions, we may be subject to regulatory sanctions.
  • Disruptions in the worldwide economy (including inflation) may adversely affect our business, results of operations, and financial condition.
  • Risks Related to Ownership of our Common Stock
  • We may not be able to pay dividends or make distributions or obtain loans to enable us to pay any dividends on our common stock or satisfy our other financial obligations.
  • Provisions in our third amended and restated certificate of incorporation, our bylaws, and Delaware law may inhibit a takeover of us, which could limit the price investors might be willing to pay in the future for our common stock and could entrench management.
  • Our third amended and restated certificate of incorporation provides, subject to limited exceptions, that the Court of Chancery of the State of Delaware is the sole and exclusive forum for certain stockholder litigation matters, which could limit stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers, employees, or stockholders.
  • We have and may continue to incur increased costs and obligations as a result of complying with public company requirements.
  • As a public reporting company, we are subject to rules and regulations established from time to time by the SEC and NYSE regarding our internal control over financial reporting. If we fail to establish and maintain effective internal control over financial reporting and disclosure controls and procedures, we may not be able to accurately report our financial results, or report them in a timely manner.
  • We may issue additional shares of common stock or other equity securities without stockholder approval, which would dilute existing stockholders’ ownership interest in us and may depress the market price of our common stock.
  • If our performance does not meet market expectations, the price of our securities may decline.
  • We cannot guarantee that our share repurchase program will be fully consummated or that it will enhance stockholder value, and any share repurchases could affect the trading price of our common stock.
  • Our ability to successfully operate our business depends largely upon the efforts of certain key personnel, including our executive officers. The loss of such key personnel could adversely affect the operations and profitability of our business.
  • Our ability to meet expectations and projections in any research or reports published by securities or industry analysts, or a lack of coverage by securities or industry analysts, could result in a depressed market price and limited liquidity for our common stock.
  • Our third amended and restated certificate of incorporation renounced any interest or expectancy that we have in corporate opportunities that may be presented to our officers, directors, or stockholders or their respective affiliates, other than those officers, directors, stockholders, or affiliates who are ours or our subsidiaries’ employees. As a result, these persons are not required to offer certain business opportunities to us and may engage in business activities that compete with us.
  • Our reported financial results may be affected by changes in accounting principles generally accepted in the United States.

Legal proceedings

From time to time, we are involved in various lawsuits, claims, and legal proceedings that arise in the ordinary course of business. These matters involve, among other things, disputes with vendors or customers, personnel and employment matters, and personal injury or property damage. We assess these matters on a case-by-case basis as they arise and establish reserves as required.

We assess our liabilities and contingencies in connection with outstanding legal proceedings utilizing the latest information available. Where it is probable that we will incur a loss and the amount of the loss can be reasonably estimated, we record a liability in our consolidated financial statements. These legal accruals may be increased or decreased to reflect any relevant developments on a quarterly basis. Where a loss is not probable or the amount of the loss is not estimable, we do not record an accrual, consistent with applicable accounting guidance. In the opinion of management, while the outcome of such claims and disputes cannot be predicted with certainty, our ultimate liability in connection with these matters is not expected to have a material adverse effect on our results of operations, financial position, or cash flows, and the amounts accrued for any individual matter are not material. However, legal proceedings are inherently uncertain. As a result, the outcome of a particular matter or a combination of matters may be material to our results of operations for a particular period, depending upon the size of the loss or our income for that particular period.

As of the date of this Annual Report on Form 10-K, there were no material pending legal proceedings in which we or any of our subsidiaries are a party or to which any of our property is subject.

The opening of Item 3, Legal Proceedings.5

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