Company: JBI
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001839839-25-000132
Chunk: 77

Company: Janus International Group, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 77
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% of sales$%Self-storage - new construction $86.9 41.3 %$116.6 45.8 %$(29.7)(25.5)%Self-storage - R357.0 27.1 %70.6 27.7 %(13.6)(19.3)%Total self-storage143.9 68.4 %187.2 73.6 %(43.3)(23.1)%Commercial and other66.6 31.6 %67.3 26.4 %(0.7)(1.0)%Total$210.5 100.0 %$254.5 100.0 %$(44.0)(17.3)%

New construction sales decreased by $29.7 or 25.5% for the three month period ended March 29, 2025 compared to the three month periods ended March 30, 2024. The decrease is a result of the continuation of the volume decline associated with uncertainty in the macroeconomic environment and customer liquidity challenges, causing some customers to adjust project timing which started late in the second fiscal quarter of 2024.

R3 sales decreased by $13.6 or 19.3% for the three month period ended March 29, 2025 compared to the three month period ended March 30, 2024. The R3 sales decrease was due to a nearly 50% decline in facility expansion and retail big-box conversion activity.

Commercial and other sales decreased by $0.7 or 1.0% for the three month period ended March 29, 2025 compared to the three month period ended March 30, 2024. The decrease was attributable to a decline in volumes for rolling sheet doors, partially offset by $3.5 in inorganic revenue from the T.M.C. Acquisition.

Cost of Revenues (dollar amounts in tables in millions)

Three Months EndedVarianceVariance BreakdownMarch 29, 2025March 30, 2024$%Acquisition CostOrganic GrowthOrganic Growth %Product cost of revenues$97.7 $114.7 $(17.0)(14.8)%$— $(17.0)(14.8)%Service cost of revenues30.9 29.4 1.5 5.1 %1.6 $(0.1)(0.3)%Cost of Revenues$