Company: JBI
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001839839-25-000032
Chunk: 114

Company: Janus International Group, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7
Chunk 114
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4% of total revenues December 30, 2023% of total revenues $%New Construction - Self Storage$354.0 39.7 %$321.7 32.6 %$32.3 10.0 %R3 - Self Storage234.3 26.2 %325.8 33.1 %(91.5)(28.1)%Commercial and Other304.3 34.1 %338.2 34.3 %(33.9)(10.0)%Total$892.6 100.0 %$985.7 100.0 %$(93.1)(9.4)%

New Construction revenues increased by $32.3 or 10.0% for the year ended December 28, 2024 compared to the year ended December 30, 2023 primarily due to elevated occupancy rates and continued demand in the first half of the year. 

R3 revenues decreased by $91.5 or 28.1% for the year ended December 28, 2024 compared to the year ended December 30, 2023. The R3 sales decrease was due to project deferrals associated with macroeconomic uncertainty as well as an approximately 33% decline in facility expansion and retail big-box conversion activity.

36

Commercial and Other revenues decreased by $33.9 or 10.0% for the year ended December 28, 2024 compared to the year ended December 30, 2023. The decrease was attributable to a decline in volumes for rolling sheet doors in the carport and shed market, offset by $27.2 in inorganic revenue from the T.M.C. Acquisition.

Cost of Revenues 

(dollar amounts in millions)Year EndedVarianceVariance BreakdownDecember 28, 2024December 30, 2023$%Acquisition CostOrganic GrowthOrganic Growth %Product cost of revenues$410.5$470.8$(60.3)(12.8)%$— $(60.3)(12.8)%Service cost of revenues 102.389.412.914.4 %17.9 $(5.0)(5.6)%Cost of revenues$512.8$560.2$(47.4)(8.5)%$17.9 $(65.3)(11.7)%

The cost of revenues decreased $47.4 or 8.5%