Company: JBI
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001839839-25-000032
Chunk: 117

Company: Janus International Group, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7
Chunk 117
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 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)Year EndedVarianceVariance BreakdownDecember 28, 2024December 30, 2023$%Acquisition RevenueOrganic GrowthOrganic Growth %Product revenues$43.2 $46.3 $(3.1)(6.7)%$— $(3.1)(6.7)%Services revenues30.4 36.0 (5.6)(15.6)%— $(5.6)(15.6)%Total revenues$73.6 $82.3 $(8.7)(10.6)%$— $(8.7)(10.6)%

The $8.7 or 10.6% decrease in revenues is primarily due to a decline in volume as a result of the U.K. recessionary period during the first half of fiscal year 2024.

The following table illustrates the revenues by sales channel for the years ended December 28, 2024 and December 30, 2023.

(dollar amounts in millions)Year EndedVarianceDecember 28, 2024% of total revenuesDecember 30, 2023% of total revenues$%New Construction - Self Storage$62.2 84.5 %$73.2 88.9 %$(11.0)(15.0)%R3 - Self Storage11.4 15.5 %9.1 11.1 %2.325.3 %Total$73.6 100.0 %$82.3 100.0 %$(8.7)(10.6)%

New Construction revenues decreased by $11.0 or 15.0% for the year ended December 28, 2024 compared to the year ended December 30, 2023. The decrease in New Construction revenues is primarily due to a decline in volume as a result of the U.K. recessionary period during the first half of fiscal year 2024.

R3 revenues increased by $2.3 or 25.3% for the year ended December 28, 2024 compared to the year ended December 30, 2023.

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Cost of revenues 

(dollar