Company: JBI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001839839-25-000141
Chunk: 87

Company: Janus International Group, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 87
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.8)%Commercial and other81.3 35.6 %76.2 30.7 %5.1 6.7 %Total revenues$228.1 100.0 %$248.4 100.0 %$(20.3)(8.2)%

(dollar amounts in millions)Six Months EndedVarianceConsolidatedJune 28, 2025% of salesJune 29, 2024% of sales$%Self-storage - new construction $177.6 40.5 %$227.3 45.2 %$(49.7)(21.9)%Self-storage - R3112.7 25.7 %132.1 26.3 %(19.4)(14.7)%Total self-storage$290.3 66.2 %$359.4 71.5 %$(69.1)(19.2)%Commercial and other148.3 33.8 %143.5 28.5 %4.8 3.3 %Total revenues$438.6 100.0 %$502.9 100.0 %$(64.3)(12.8)%

New construction sales decreased by $16.8 or 15.2% and by $49.7 or 21.9% for the three and six month periods ended June 28, 2025, respectively, compared to the three and six month periods ended June 29, 2024. These decreases are a result of volume declines associated with uncertainty in the macroeconomic environment and customer liquidity challenges which started late in the second fiscal quarter of 2024.

R3 sales decreased by $8.6 or 14.0% and by $19.4 or 14.7% for the three and six month periods ended June 28, 2025, respectively compared to the three and six month periods ended June 29, 2024. The R3 sales decrease for the three and six months ended June 28, 2025 was due to a nearly 50% decline in facility expansion and retail big-box conversion activity. 

Commercial and other sales increased by $5.1 or 6.7% and by $4.8 or 3.3% for the three and six month periods ended June 28, 2025, respectively, compared to the three and six month periods ended June