Company: JBI
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001839839-25-000132
Chunk: 57

Company: Janus International Group, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 57
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 $174.2 Product revenues transferred over time12.9 32.7 Service revenues transferred over time34.7 33.6 $190.7 $240.5 Janus InternationalProduct revenues transferred at a point in time$11.7 $8.9 Service revenues transferred over time9.5 5.8 $21.2 $14.7 Eliminations(1.4)(0.7)Total Revenue$210.5 $254.5 Revenue by Sales Channel (dollar amounts in millions)Three Months EndedReportable Segments by Sales Channel Revenue RecognitionMarch 29, 2025March 30, 2024Janus North AmericaSelf-storage - new construction$67.0 $104.2 Self-storage - R355.7 68.3 Commercial and others68.0 68.0 $190.7 $240.5 Janus InternationalSelf-storage - new construction$19.9 $12.4 Self-storage - R31.3 2.3 $21.2 $14.7 Eliminations(1.4)(0.7)Total Revenue$210.5 $254.5 

20

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

13. Equity Compensation

2021 Omnibus Incentive PlanThe Company maintains its 2021 Omnibus Incentive Plan (the “Plan”) under which it grants share-based awards to eligible directors, officers, and employees in order to attract, retain, and reward such individuals and strengthen the mutuality of interest between such individuals and the Company’s stockholders. The Plan allows the Company to issue and grant 15,125,000 shares. The Company measures compensation expense for share-based awards in accordance with ASC Topic 718, Compensation – Stock Compensation (“ASC 718”). During the three month period ended March 29, 2025, the Company granted share-based awards including restricted stock units (“RSUs”) and performance-based restricted stock units (“PSUs”) under the Plan. The grant date fair value of RSUs and PSUs is equal to the closing price of the Company’s common stock on either: (i) the date of grant; or (ii) the previous trading day, depending on the level of administration required. Forfeitures are recognized as they occur, any unvested RSUs, PSUs,