Company: JBI
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001839839-25-000132
Chunk: 9

Company: Janus International Group, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 7
Chunk 9
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 prepared using the historical periods included in our Unaudited Condensed Consolidated Financial Statements. The following discussion should be read in conjunction with the Unaudited Condensed Consolidated Financial Statements and related notes included elsewhere in this document. The following tables set forth our results of operations for the periods presented in dollars and as a percentage of total revenue.

33

Results of Operations 

For the three month period ended March 29, 2025 compared to the three month period ended March 30, 2024:

Three Months EndedVariance(dollar amounts in table in millions)March 29, 2025March 30, 2024$%REVENUESProduct revenues$166.3 $215.1 $(48.8)(22.7)%Service revenues44.2 39.4 4.8 12.2 %Total revenues$210.5 $254.5 $(44.0)(17.3)%Product cost of revenues97.7 114.7 (17.0)(14.8)%Service cost of revenues30.9 29.4 1.5 5.1 %Cost of revenues$128.6 $144.1 $(15.5)(10.8)%GROSS PROFIT$81.9 $110.4 $(28.5)(25.8)%OPERATING EXPENSESSelling and marketing16.9 17.6 (0.7)(4.0)%General and administrative39.7 37.3 2.4 6.4 %Operating expenses$56.6 $54.9 $1.7 3.1 %INCOME FROM OPERATIONS$25.3 $55.5 $(30.2)(54.4)%Interest expense, net(10.2)(14.4)4.2 (29.2)%Other income0.3 0.1 0.2 200.0 %INCOME BEFORE TAXES$15.4 $41.2 $(25.8)(62.6)%Provision for income taxes4.6 10.5 (5.9)(56.2)%NET INCOME$10.8 $30.7 $(19.9)(64.8)%Adjusted EBITDA*$38.4 $66.3 $(27.9)(42.1)%

*Janus uses measures