Company: JBI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001839839-25-000150
Chunk: 87

Company: Janus International Group, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 7
Chunk 87
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Service revenues45.1 54.2 (9.1)(16.8)%— (9.1)(16.8)%Total revenues$219.3 $230.1 $(10.8)(4.7)%$— $(10.8)(4.7)% Nine Months EndedVarianceVariance Breakdown(dollar amounts in millions)September 27, 2025September 28, 2024$%Acquisition RevenueOrganic GrowthOrganic Growth %Product revenues (1)$518.6 $596.8 $(78.2)(13.1)%$— $(78.2)(13.1)%Service revenues139.3 136.2 3.1 2.3 %7.3 (4.2)(3.1)%Total revenues$657.9 $733.0 $(75.1)(10.2)%$7.3 $(82.4)(11.2)%

(1)Product revenues include product revenues transferred at a point in time and product revenues transferred over time.

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. The revenue decline for the three months ended September 27, 2025 was due to decreases in both price and volume. The revenue decline for the nine months ended September 27, 2025 is substantially all attributed to a decline in volume associated with uncertainty in the economic and interest rate environment which started late in the second fiscal quarter of 2024. 

The following tables and discussion compare Janus’s sales by sales channel:

(dollar amounts in millions)Three Months EndedVarianceConsolidatedSeptember 27, 2025% of Total SalesSeptember 28, 2024% of Total Sales$%Self-storage - new construction$97.3 44.4 %$92.2 40.1 %$5.1 5.5 %Self-storage - R357.3 26.1 %56.9 24.7 %0.4 0.7 %Total self-storage154.6 70.