Company: JBI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001839839-25-000141
Chunk: 19

Company: Janus International Group, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 7
Chunk 19
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%76.6 33.2 %5.3 6.9 %Total revenues$200.3 100.0 %$230.8 100.0 %$(30.5)(13.2)%

Six Months EndedVariance(dollar amounts in millions)June 28, 2025% of Total SalesJune 29, 2024% of Total Sales$%Self-storage - new construction $132.6 33.9 %$199.7 42.4 %$(67.1)(33.6)%Self-storage - R3108.0 27.6 %127.0 26.9 %(19.0)(15.0)%Total self-storage$240.6 61.5 %$326.7 69.3 %$(86.1)(26.4)%Commercial and other150.4 38.5 %144.6 30.7 %5.8 4.0 %Total revenues$391.0 100.0 %$471.3 100.0 %$(80.3)(17.0)%

New construction sales decreased by $26.7 or 28.0% and by $67.1 and 33.6% 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 decreases were due to declines in volume associated with macroeconomic uncertainty and sustained high interest rates impacting liquidity beginning late in the second fiscal quarter of 2024.

R3 sales decreased by $9.1 or 15.5% and $19.0 or 15.0% for the three and six month periods ended June 28, 2025, respectively, compared to the three and six month periods ended June 29, 2024. The R3 sales decreases were primarily due to a decline in facility expansion and retail big-box conversion activity.

Commercial and other increased by $5.3 or 6.9% and by $5.8 or 4.0% for the three and six month periods ended June 28, 2025, respectively compared to the three and six month periods ended June 29, 2024. The increase for the three month period was attributable to an increase in volumes for rolling steel doors and increased demand for carports and sheds and by $3