Company: JBI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001839839-25-000141
Chunk: 106

Company: Janus International Group, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 106
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)(42.9)%Loss on extinguishment and modification of debt (3)— 1.7 (1.7)(100.0)%Adjusted EBITDA*$49.0 $64.5 $(15.5)(24.0)%

45

Six Months EndedVariance(dollar amounts in millions)June 28, 2025June 29, 2024$%Net income $31.5 $58.3 $(26.8)(46.0)%Interest, net19.3 27.3 (8.0)(29.3)%Income taxes11.0 20.0 (9.0)(45.0)%Depreciation5.9 5.9 — — %Amortization16.5 15.5 1.0 6.5 %EBITDA*$84.2 $127.0 $(42.8)(33.7)%Restructuring charges (1)1.2 0.7 0.5 71.4 %Acquisition expense (2)1.7 1.4 0.3 21.4 %Loss on extinguishment and modification of debt (3)— 1.7 (1.7)(100.0)%Other0.3 — 0.3 — %Adjusted EBITDA*$87.4 $130.8 $(43.4)(33.2)%

(1)Restructuring charges consist of the following: 1) facility relocations, 2) severance and hiring costs associated with our strategic transformation, including executive leadership team changes, and 3) strategic business assessment and transformation projects. 

(2)Expenses or income related to various professional fees, acquisition related compensation, net working capital finalization, legal settlements, and various acquisition related activities. 

(3)Adjustment for loss on extinguishment and modification of debt regarding the write off of unamortized fees and third-party fees as a result of the debt modification completed in April 2024.

*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