Company: JBI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001839839-25-000150
Chunk: 82

Company: Janus International Group, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 7
Chunk 82
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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 month period ended September 28, 2024.  The decrease in Adjusted EBITDA in the nine month period ended September 27, 2025 was primarily due to decreased margin from the decreased revenue as noted above, as well as execution of our strategic transformation plan which was put in place during fiscal 2024.

Adjusted EBITDA as a percentage of revenue increased by 1.2% for the three month periods ended September 27, 2025. Adjusted EBITDA as a percentage of revenue decreased by 3.8% for the nine month period