International Marxist Group

Janus International Group Reports First Quarter 2024 Financial Results

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星期四, 五月 9, 2024
Manufacturing, Other Manufacturing, Other Construction & Property, Commercial Building & Real Estate, Construction & Property, Janus, Commercial, Regulation S-K, Self, JBI, Tax, Regulation, International Marxist Group, Share repurchase, Growth, Management

Janus International Group, Inc. (NYSE: JBI) (“Janus” or the “Company”), a leading provider of building product solutions and cutting-edge access control technologies for the self-storage and other commercial and industrial sectors, today announced financial results for the first quarter ended March 30, 2024.

Key Points: 
  • Janus International Group, Inc. (NYSE: JBI) (“Janus” or the “Company”), a leading provider of building product solutions and cutting-edge access control technologies for the self-storage and other commercial and industrial sectors, today announced financial results for the first quarter ended March 30, 2024.
  • Net income of $30.7 million, or $0.21 per diluted share, a 18.1% increase compared to $26.0 million, or $0.18 per diluted share in the first quarter of 2023.
  • Adjusted Net Income per diluted share of $0.21, a 16.7% increase compared to $0.18 per diluted share in the first quarter of 2023.
  • “Driven by strength in our Self-Storage segment we delivered first quarter results in-line with our expectations, and we believe we are set up well for a successful 2024,” said Ramey Jackson, Chief Executive Officer.

Janus International Group Successfully Completes Term Loan Repricing

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星期二, 四月 30, 2024
Other Manufacturing, Commercial Building & Real Estate, Construction & Property, Steel, Chemicals, Plastics, Building Systems, Manufacturing, Machinery, Other Construction & Property, Residential Building & Real Estate, Janus, International Marxist Group, JBI, CSA

Janus International Group, Inc. (NYSE: JBI) (“Janus” or the “Company”), a leading provider of cutting-edge access control technologies and building product solutions for the self-storage and other commercial and industrial sectors, today announced a repricing of its first lien term loan.

Key Points: 
  • Janus International Group, Inc. (NYSE: JBI) (“Janus” or the “Company”), a leading provider of cutting-edge access control technologies and building product solutions for the self-storage and other commercial and industrial sectors, today announced a repricing of its first lien term loan.
  • The repricing, which was privately placed with institutional lenders in the syndicated loan market, reduces the applicable interest rate on the $600 million first lien term loan by 50 bps from SOFR + 300 bps + CSA to SOFR + 250 bps.
  • There are no changes to the maturity of the first lien term loan following this repricing and all other terms are substantially unchanged.
  • “We are pleased with the strong market demand and lender support for our first lien term loan repricing,” said Anselm Wong, Executive Vice President and Chief Financial Officer.

AIG Appoints Kelly Lafnitzegger Executive Vice President and Chief Human Resources & Diversity Officer

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星期一, 四月 29, 2024
Professional Services, Insurance, Human Resources, Learning, Transport, General Electric, American International Group, Acquisition, AIG, CHRO, International Marxist Group, Multimedia, Diversity, Global Research, Management

American International Group, Inc. (NYSE: AIG) today announced that Kelly Lafnitzegger will join AIG as Executive Vice President and Chief Human Resources & Diversity Officer (CHRO), effective June 1, 2024.

Key Points: 
  • American International Group, Inc. (NYSE: AIG) today announced that Kelly Lafnitzegger will join AIG as Executive Vice President and Chief Human Resources & Diversity Officer (CHRO), effective June 1, 2024.
  • Ms. Lafnitzegger will report to Peter Zaffino, AIG Chairman & Chief Executive Officer, and will be a part of AIG’s Executive Leadership Team.
  • Previously, Ms. Lafnitzegger held a series of human resources leadership roles in GE’s Corporate, Capital, Healthcare, Global Research, Transportation and Power divisions.
  • Ms. Lafnitzegger succeeds Rose Marie Glazer, who has served as AIG’s Chief Human Resources & Diversity Officer since January 1, 2022, and has transitioned to AIG’s General Counsel.

Janus International Group to Report First Quarter 2024 Results on May 9, 2024

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星期四, 四月 25, 2024
Other Manufacturing, Commercial Building & Real Estate, Technology, Construction & Property, Other Technology, Professional Services, Manufacturing, Other Construction & Property, Other Professional Services, Janus, International Marxist Group, Webcast, Domestic, JBI, International, Conference

Janus International Group, Inc. (NYSE: JBI) (“Janus” or the “Company”), a leading global provider of cutting-edge access control technologies and building product solutions for the self-storage and other commercial and industrial sectors, announced today that the Company will release its first quarter 2024 financial results before the market opens on Thursday May 9, 2024.

Key Points: 
  • Janus International Group, Inc. (NYSE: JBI) (“Janus” or the “Company”), a leading global provider of cutting-edge access control technologies and building product solutions for the self-storage and other commercial and industrial sectors, announced today that the Company will release its first quarter 2024 financial results before the market opens on Thursday May 9, 2024.
  • A webcast and conference call will be held that same day at 10:00 a.m.
  • Upon dialing in, please request to join the Janus International Group First Quarter 2024 Earnings Conference Call.
  • To access the replay of the call, dial 1-844-512-2921 (Domestic) or 1-412-317-6671 (International) with pass code 13745857.

AIG Announces Leadership Change

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星期一, 四月 22, 2024
Insurance, Professional Services, American International Group, International Marxist Group, Retirement, Lexington Insurance Company, General insurance, AIG

American International Group, Inc. (NYSE: AIG) today announced that David McElroy will retire from AIG effective May 1, 2024.

Key Points: 
  • American International Group, Inc. (NYSE: AIG) today announced that David McElroy will retire from AIG effective May 1, 2024.
  • Mr. McElroy has agreed with AIG to accelerate his retirement date for personal reasons and will remain available to the Company.
  • Mr. McElroy joined AIG in 2018 as President and CEO of Lexington Insurance Company and was CEO of General Insurance from August 2020 to December 2023 and Chairman of General Insurance since January 1, 2024.
  • “David McElroy joined AIG at a pivotal time as we began the multi-year effort of improving our underwriting performance and refining our risk appetite,” said Peter Zaffino, AIG Chairman & Chief Executive Officer.

Janus International Group Announces Credit Rating Upgrade

Retrieved on: 
星期四, 四月 18, 2024
Manufacturing, Commercial Building & Real Estate, Construction & Property, Building Systems, Other Manufacturing, Machinery, Janus, International Marxist Group, JBI

Janus International Group, Inc. (NYSE: JBI) (“Janus”), a leading provider of access control technologies and building product solutions for the self-storage, commercial, and industrial sectors, today announced it has received an upgrade to its credit rating by Moody’s Investor Service (“Moody’s”) to “Ba3” from “B1” with a positive outlook based on operating performance, improved governance, and the resolution of all material weaknesses.

Key Points: 
  • Janus International Group, Inc. (NYSE: JBI) (“Janus”), a leading provider of access control technologies and building product solutions for the self-storage, commercial, and industrial sectors, today announced it has received an upgrade to its credit rating by Moody’s Investor Service (“Moody’s”) to “Ba3” from “B1” with a positive outlook based on operating performance, improved governance, and the resolution of all material weaknesses.
  • “We are pleased that Moody’s has recognized our ongoing performance and robust capital position,” said Anselm Wong, Chief Financial Officer “We believe we’re well positioned for the future and remain focused on serving our customers and delivering value for all our stakeholders.”

AIG to Report First Quarter 2024 Financial Results on May 1, 2024, and Host Conference Call on May 2

Retrieved on: 
星期三, 四月 3, 2024
Banking, Professional Services, Insurance, Finance, AIG, American International Group, International Marxist Group

American International Group, Inc. (NYSE: AIG) will report financial results for the first quarter ended March 31, 2024, after the market closes on Wednesday, May 1, 2024.

Key Points: 
  • American International Group, Inc. (NYSE: AIG) will report financial results for the first quarter ended March 31, 2024, after the market closes on Wednesday, May 1, 2024.
  • AIG’s press release and financial supplement will be available in the Investors section of AIG’s website at https://www.aig.com .
  • AIG will also host a conference call on Thursday, May 2, 2024, at 8:30 a.m.
  • The live, listen-only webcast is open to the public and can be accessed in the Investors section of https://www.aig.com .

Janus International Group Announces All-New Internal, Hardwired Smart Lock

Retrieved on: 
星期二, 四月 2, 2024
Commercial Building & Real Estate, Technology, Manufacturing, Construction & Property, Building Systems, Security, Other Manufacturing, Apps, Applications, Software, Mobile, Wireless, Hardware, Janus, Cloud, Automation, LED, JBI, International Marxist Group, Baggage

In addition to the all-new, hardwired smart locking solution, Janus’s Nokē Smart Entry platform also offers a high-tech, battery-powered external smart lock, known as Nokē ONE™.

Key Points: 
  • In addition to the all-new, hardwired smart locking solution, Janus’s Nokē Smart Entry platform also offers a high-tech, battery-powered external smart lock, known as Nokē ONE™.
  • These two smart locking technologies, paired with a full suite of smart entry point products and mobile technology, offer a solution for all self-storage smart access applications.
  • Nokē Ion is a sleek, yet powerful hardwired smart lock that fits on the inside track of the door and boasts an innovative, yet simplified design.
  • The Nokē Smart Entry System by Janus combines its best-in-class self-storage offerings with new and innovative technologies to redefine the total self-storage experience.

Janus International Group Announces Change of Auditor

Retrieved on: 
星期五, 三月 22, 2024
Commercial Building & Real Estate, Construction & Property, Other Manufacturing, Machinery, Building Systems, Other Construction & Property, Manufacturing, Residential Building & Real Estate, Janus, KPMG LLP, International Marxist Group, Audit committee, BDO, KPMG, JBI, P.C, Accounting

Janus International Group, Inc. (NYSE: JBI) (“Janus” or the “Company”), a leading provider of access control technologies and building product solutions for the self-storage, commercial, and industrial sectors, today announced that as a result of a review process conducted by the Audit Committee of the Board of Directors, it has changed its independent auditor from BDO USA, P.C.

Key Points: 
  • Janus International Group, Inc. (NYSE: JBI) (“Janus” or the “Company”), a leading provider of access control technologies and building product solutions for the self-storage, commercial, and industrial sectors, today announced that as a result of a review process conducted by the Audit Committee of the Board of Directors, it has changed its independent auditor from BDO USA, P.C.
  • ("BDO") to KPMG LLP ("KPMG") effective March 18, 2024.
  • The change of Janus’s independent auditor was made after the Audit Committee of the Board of Directors conducted a competitive selection process to determine the Company’s independent registered public accounting firm for the fiscal year ending December 28, 2024.
  • Janus is working closely with KPMG and BDO to ensure a seamless transition.

Janus International Group Announces Credit Rating Upgrade

Retrieved on: 
星期二, 三月 12, 2024
Other Professional Services, Commercial Building & Real Estate, Construction & Property, Other Manufacturing, Building Systems, Professional Services, Other Construction & Property, Manufacturing, Janus, S&P, S&P Global, JBI, International Marxist Group

Janus International Group, Inc. (NYSE: JBI) (“Janus”), a leading provider of access control technologies and building product solutions for the self-storage, commercial, and industrial sectors, today announced it has received an upgrade to its credit rating by S&P Global Ratings (“S&P”) from “B” to “B+” with a positive outlook based on the resolution of all material weaknesses and low net leverage.

Key Points: 
  • Janus International Group, Inc. (NYSE: JBI) (“Janus”), a leading provider of access control technologies and building product solutions for the self-storage, commercial, and industrial sectors, today announced it has received an upgrade to its credit rating by S&P Global Ratings (“S&P”) from “B” to “B+” with a positive outlook based on the resolution of all material weaknesses and low net leverage.
  • Anselm Wong, Chief Financial Officer said, “The upgrade in our rating underlies Janus’s financial strength.
  • We are pleased that S&P has acknowledged our strong capital position and continued performance.
  • We remain focused on serving our customers and delivering value for all our stakeholders.”