Company: JBI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001839839-25-000141
Chunk: 81

Company: Janus International Group, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 81
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 underlying performance trends. Please see the section “Non-GAAP Financial Measures” below for further discussion of this financial measure, including the reasons why we use such financial measures and reconciliations of such financial measures to the nearest GAAP financial measures.

The following tables set forth key performance measures for the three and six month periods ended June 28, 2025 and June 29, 2024:

Three Months EndedVariance(dollar amounts in millions)June 28, 2025June 29, 2024$%Total revenue$228.1 $248.4 $(20.3)(8.2)%Adjusted EBITDA$49.0 $64.5 $(15.5)(24.0)%Adjusted EBITDA (% of revenue)21.5 %26.0 %(4.5)%

Six Months EndedVariance(dollar amounts in millions)June 28, 2025June 29, 2024$%Total revenue$438.6 $502.9 $(64.3)(12.8)%Adjusted EBITDA$87.4 $130.8 $(43.4)(33.2)%Adjusted EBITDA (% of revenue)19.9 %26.0 %(6.1)%

Total revenue decreased by $20.3 or 8.2% and by $64.3 or 12.8% for the three and six month periods ended June 28, 2025, respectively, compared to the three and six month periods ended June 29, 2024. These declines are primarily due to a decrease in organic revenue for the three and six month periods ended June 28, 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. These organic declines were partially offset by $3.8 and $7.8 in inorganic revenue from the T.M.C. Acquisition, for the three and six month periods ended June 28, 2025, respectively.

Adjusted EBITDA decreased by $15.5 or 24.0% and by $43.4 or 33.2% for the three and six month periods ended June 28, 2025, respectively compared to the three and six months periods ended June 29, 2024, primarily due to the decrease in revenue, as noted above, and