Company: JBI
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001839839-25-000132
Chunk: 17

Company: Janus International Group, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 7
Chunk 17
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.4 $1.1 32.4 %OPERATING EXPENSESSelling and marketing1.0 1.0 — — %General and administrative3.2 3.1 0.1 3.2 %Operating expenses$4.2 $4.1 $0.1 2.4 %INCOME FROM OPERATIONS$0.3 $(0.7)$1.0 (142.9)%Adjusted EBITDA*$1.5 $0.1 $1.4 1400.0 %

*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.

International Revenue 

(dollar amounts in tables in millions)Three Months EndedVariance March 29, 2025March 30, 2024$%Product revenues$11.7 $8.9 $2.8 31.5 %Service revenues9.5 5.8 3.7 63.8 %Total$21.2 $14.7 $6.5 44.2 %

Revenues increased $6.5 or 44.2% for the three month period ended March 29, 2025 compared to the three month period ended March 30, 2024. The increase is due to an increase in volume as a result of improving local market conditions compared to prior year which was negatively affected by the U.K. recessionary period starting late fiscal 2023 and impacting most of fiscal 2024.

The following tables illustrate the sales by channel for the three month periods ended March 29, 2025 and March 30, 2024.

(dollar amounts in tables in millions)Three Months EndedVarianceMarch 29, 2025% of Total SalesMarch 30, 2024% of Total Sales$%Self-storage - new construction $19.993.9 %$12.484.4 %$7.5 60.5 %Self-storage - R31.36.1 %2.315.6 %(1.0)(43.5