Company: JBI
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001839839-25-000132
Chunk: 39

Company: Janus International Group, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 39
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 — — — — — — Shares withheld for taxes upon vesting of restricted units— — (331,819)— 331,819 (2.6)— — — (2.6)Share-based compensation— — — — — — 4.0 — — 4.0 Foreign currency translation adjustment— — — — — — — 0.9 — 0.9 Net income— — — — — — — — 10.8 10.8 Balance as of March 29, 2025— $— 139,934,567 $— 8,230,011 $(89.1)$303.7 $(2.9)$315.1 $526.8 

Total shares issued are the aggregate of Common Stock outstanding and Treasury Shares. 

See accompanying Notes to the Unaudited Condensed Consolidated Financial Statements

7

Janus International Group, Inc.Condensed Consolidated Statements of Cash Flows(amounts in millions - Unaudited)Three Months EndedMarch 29, 2025March 30, 2024Cash flows provided by operating activitiesNet income$10.8 $30.7 Adjustments to reconcile net income to net cash provided by operating activitiesDepreciation of property, plant, and equipment2.9 2.8 Noncash lease expense1.9 1.7 Provision for inventory obsolescence0.6 0.2 Amortization of intangibles8.3 7.4 Deferred income taxes, net0.9 2.5 Deferred finance fee amortization1.2 0.5 Provision for expected losses on accounts receivable0.2 0.5 Share-based compensation4.0 1.9 Loss on equity investment0.1 — Changes in operating assets and liabilities, excluding effects of acquisitionAccounts receivable15.8 (18.4)Contract assets(4.9)14.3 Prepaid expenses and other current assets4.7 3.0 Inventories(0.4)(2.9)Other assets0.3 0.3 Accounts payable3.2 1.5 Contract liabilities(0.2)3.0 Accrued expenses and