Company: JBI
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001839839-25-000132
Chunk: 80

Company: Janus International Group, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 80
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5)(2.0)%Cost of revenues$113.3 $133.5 $(20.2)(15.1)%GROSS PROFIT$77.4 $107.0 $(29.6)(27.7)%OPERATING EXPENSESSelling and marketing15.8 16.6 (0.8)(4.8)%General and administrative36.5 34.2 2.3 6.7 %Operating expenses$52.3 $50.8 $1.5 3.0 %INCOME FROM OPERATIONS$25.1 $56.2 $(31.1)(55.3)%Adjusted EBITDA*$36.9 $66.2 $(29.3)(44.3)%

*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 on a GAAP basis.

Revenue (dollar amounts in millions)Three Months EndedVarianceVariance BreakdownMarch 29, 2025March 30, 2024$%Acquisition RevenueOrganic GrowthOrganic Growth %Product revenues$156.0 $206.9 $(50.9)(24.6)%$— $(50.9)(24.6)%Service revenues34.7 33.6 1.1 3.3 %3.5 $(2.4)(7.1)%Total$190.7 $240.5 $(49.8)(20.7)%$3.5 $(53.3)(22.2)%

Total revenue decreased by $49.8 or 20.7% for the three month period ended March 29, 2025 compared to the three month period ended March 30, 2024. The $53.3 organic revenue decline for the three months ended March 29, 2025 is substantially attributed to declines in volume associated with macroeconomic uncertainty and sustained high interest rates impacting liquidity, causing some customers to adjust project timing beginning late in the second fiscal quarter of 2024. The organic decline was partially offset by $3.5 in inorganic revenue from the T.M.C.