Company: JBI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001839839-25-000150
Chunk: 42

Company: Janus International Group, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 42
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 which is a non-GAAP financial metric, as a supplemental measure of our performance in order to provide investors with an improved understanding of underlying performance trends. Please see the section “Non-GAAP Financial Measures” below for further discussion of this financial measure, including the reasons why we use such financial measures and reconciliations of such financial measures to the nearest GAAP financial measures.

The following tables set forth key performance measures for the three and nine month periods ended September 27, 2025 and September 28, 2024: 

Three Months EndedVariance(dollar amounts in millions)September 27, 2025September 28, 2024$%Total Revenue$219.3$230.1$(10.8)(4.7)%Adjusted EBITDA$43.6$43.1$0.5 1.2 %Adjusted EBITDA (% of revenue)19.9 %18.7 %1.2 % Nine Months EndedVariance(dollar amounts in millions)September 27, 2025September 28, 2024$%Total Revenue$657.9$733.0$(75.1)(10.2)%Adjusted EBITDA$131.0$173.9$(42.9)(24.7)%Adjusted EBITDA (% of revenue)19.9 %23.7 %(3.8)%

Total revenue decreased by $10.8 or 4.7% for the three month period ended September 27, 2025 compared to the three month period ended September 28, 2024, and decreased by $75.1 or 10.2% for the nine month period ended September 27, 2025 compared to the nine month period ended September 28, 2024. These declines are primarily due to a decrease in revenue for the three and nine month periods ended September 27, 2025 as a result of the continuation of the volume decline associated with uncertainty in the macroeconomic environment and customer liquidity challenges which started late in the second fiscal quarter of 2024. 

Adjusted EBITDA increased by $0.5 or 1.2% for the three month period ended September 27, 2025 compared to the three month period ended September 28, 2024. Adjusted EBITDA decreased by $42.9 or 24.7% for the nine month period ended September 27, 2025 compared to the nine