Company: JBI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001839839-25-000141
Chunk: 65

Company: Janus International Group, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 65
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8 $95.5 $132.6 $199.7 Self-storage - R349.6 58.7 108.0 127.0 Commercial and others81.9 76.6 150.4 144.6 $200.3 $230.8 $391.0 $471.3 Janus InternationalSelf-storage - new construction$25.1 $15.2 $45.0 $27.6 Self-storage - R33.3 2.8 4.6 5.1 $28.4 $18.0 $49.6 $32.7 Eliminations(0.6)(0.4)(2.0)(1.1)Total revenue$228.1 $248.4 $438.6 $502.9 

21

Janus International Group, Inc.Notes to Unaudited Condensed Consolidated Financial Statements

13. Income Taxes 

We are taxed as a Corporation under Subchapter C in the U.S. We also file in U.S. state and local jurisdictions and in other countries where we have operations. Our effective tax rate is based on pre-tax earnings, enacted U.S. statutory tax rates, non-deductible expenses, and certain tax rate differences between U.S. and foreign jurisdictions. The foreign subsidiaries file income tax returns in local country jurisdictions as required. The U.K., France, and Australia entities are included on U.S. tax returns as pass-through entities. We account for income taxes in accordance with FASB ASC 740, “Income Taxes” (“ASC 740”). We determine our provision for income taxes for interim periods using an estimate of our annual effective tax rate on year-to-date ordinary income and records any changes affecting the estimated annual effective tax rate in the interim period in which the changes occur. Our provision for income taxes consists of provisions for federal, state, and foreign income taxes. Deferred tax liabilities and assets attributable to different tax jurisdictions are not offset in the unaudited condensed consolidated financial statements. During the three month periods ended June 28, 2025 and June 29, 2024, we recorded a total income tax provision of approximately $6.4 and $9.5 on pre-tax income of $27.1 and $37.1 resulting in an effective tax rate of 23.6% and 25.6%, respectively. During the six month periods ended