Company: JBI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001839839-25-000150
Chunk: 50

Company: Janus International Group, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 50
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$(32.0)(9.6)%Service cost of revenues 96.6 89.9 6.77.5 %3.9 $2.8 3.1 %Cost of revenues$397.1 $422.4 $(25.3)(6.0)%$3.9 $(29.2)(6.9)%

Total cost of revenues decreased by $5.3 or 3.8% and by $25.3 or 6.0% for the three and nine month periods ended September 27, 2025, respectively, compared to the three and nine month periods ended September 28, 2024. The increase in product cost of revenues of $1.1 for the three month periods ended September 27, 2025 is attributable to the increase in revenues in the International segment, whereas the $6.4 decrease in service cost of revenues is attributable to a decline in volume. The decrease in product cost of revenues of $32.0 for the nine month period ended September 27, 2025 is attributable to a decline in volume, whereas the increase in service cost of revenues of $6.7 for the nine month period ended September 27, 2025 is attributable to increase in volume, which includes $3.9 related to inorganic activity as a result of an acquisition.

Operating Expenses - Selling and marketing

Selling and marketing expense increased $0.1 or 0.6% and decreased $1.0 or 1.9% for the three and nine month periods ended September 27, 2025 compared to the three and nine month periods ended September 28, 2024, respectively. The decrease for the nine month period is due to a decrease in employee related expenses. 

Operating Expenses - General and administrative

General and administrative expenses decreased $5.5 or 12.3% and $2.9 or 2.4% for the three and nine month periods ended September 27, 2025 compared to the three and nine month periods ended September 28, 2024, respectively. The decrease for the three and nine months is primarily as a result of the prior period recognition of bad debt expense of $8.1 which did not reoccur in the current period, which was offset by the reduction of employee related expenses from our ongoing strategic transformation plan.

Interest Expense, net

Interest expense, net decreased $2.9 or 25.0