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

Company: Janus International Group, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 7
Chunk 25
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2025, respectively, compared to the three and six month periods ended June 29, 2024. The change in cost of revenues is closely aligned with the changes in revenues.

Income from Operations

Income from operations increased by $2.2 and $3.2 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 increases are a result of improving local market conditions and certain strategic changes made as part of our restructuring plan announced during fiscal 2024. 

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Results of Operations - Eliminations

Eliminations include transactions to account for intersegment activity. The eliminations necessary to arrive at consolidated financial information activity for the three and six month periods ended June 28, 2025 and June 29, 2024 are as follows:

Revenues

Three Months EndedSix Months Ended(dollar amounts in millions)June 28, 2025June 29, 2024June 28, 2025June 29, 2024North America segment revenues before eliminations$200.3 $230.8 $391.0 $471.3 International segment revenues before eliminations28.4 18.0 49.6 32.7 Intersegment eliminations(0.6)(0.4)(2.0)(1.1)Consolidated total revenues$228.1 $248.4 $438.6 $502.9 

Cost of Revenues

Three Months EndedSix Months Ended(dollar amounts in millions)June 28, 2025June 29, 2024June 28, 2025June 29, 2024North America segment cost of revenues before eliminations$115.0 $126.7 $228.3 $260.1 International segment cost of revenues before eliminations20.5 13.1 37.2 24.5 Intersegment eliminations(0.6)(0.4)(2.0)(1.1)Consolidated total cost of revenues$134.9 $139.4 $263.5 $283.5 

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Liquidity and Capital Resources

We assess our liquidity in terms of our ability to generate cash to fund our operating, investing, and financing activities. In doing so, we review and analyze our current cash on hand, borrowing capacity,