Company: JBI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001839839-25-000141
Chunk: 18

Company: Janus International Group, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 7
Chunk 18
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(2.1)(5.9)%Total revenues$200.3 $230.8 $(30.5)(13.2)%$3.8 $(34.3)(14.9)%

Six Months EndedVarianceVariance Breakdown(dollar amounts in millions)June 28, 2025June 29, 2024$%Acquisition RevenueOrganic GrowthOrganic Growth %Product revenues$319.2 $402.3 $(83.1)(20.7)%$— $(83.1)(20.7)%Service revenues71.8 69.0 2.8 4.1 %7.3 (4.5)(6.5)%Total revenues$391.0 $471.3 $(80.3)(17.0)%$7.3 $(87.6)(18.6)%

Total revenue decreased by $30.5 or 13.2% and by $80.3 or 17.0% 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 $34.3 and $87.6 organic revenue declines for the three and six months ended June 28, 2025, respectively, is primarily attributed to declines in volume associated with macroeconomic uncertainty and sustained high interest rates impacting liquidity which started late in the second fiscal quarter of 2024. The organic decline was partially offset by $3.8 and $7.3 in inorganic revenue from the T.M.C. Acquisition for the three and six month periods ended June 28, 2025, respectively.

The following tables and discussion compares Janus North America sales by sales channel.

Three Months EndedVariance(dollar amounts in millions)June 28, 2025% of Total SalesJune 29, 2024% of Total Sales$%Self-storage - new construction $68.8 34.3 %$95.5 41.4 %$(26.7)(28.0)%Self-storage - R349.6 24.8 %58.7 25.4 %(9.1)(15.5)%Total self-storage$118.4 59.1 %$154.2 66.8 %$(35.8)(23.2)%Commercial and other81.9 40.9