Company: JBI
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001839839-25-000132
Chunk: 62

Company: Janus International Group, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 62
---
 significant accounting policies in the consolidated financial statements within the Company's Annual Report on Form 10-K for the year ended December 28, 2024.Adjusted EBITDA is defined as net income excluding interest expense, income taxes, depreciation expense, amortization, and other non-operational, non-recurring items. The Company uses adjusted EBITDA, a non-GAAP financial measure, to assess operating performance, develop future operating plans, and make strategic decisions related to operating expenses and resource allocation, among others.The following table presents segment revenue, gross profit, and adjusted EBITDA for the periods presented:(dollar amounts in millions)Janus North AmericaJanus International Intersegment eliminationsTotal Three months ended March 29, 2025Revenues$190.7 $21.2 $(1.4)$210.5 Cost of revenues113.3 16.7 (1.4)128.6 Gross profit $77.4 $4.5 $— $81.9 Other segment items (1)(40.5)(3.0)— (43.5)Adjusted EBITDA$36.9 $1.5 $— $38.4 (dollar amounts in millions)Janus North AmericaJanus International Intersegment eliminationsTotal Three months ended March 30, 2024Revenues$240.5 $14.7 $(0.7)$254.5 Cost of revenues133.5 11.3 (0.7)144.1 Gross profit $107.0 $3.4 $— $110.4 Other segment items (1)(40.8)(3.3)— (44.1)Adjusted EBITDA$66.2 $0.1 $— $66.3 (1) Other segment items included in adjusted EBITDA primarily include selling and marketing expense, general and administrative expense and depreciation.The following table presents a reconciliation of reportable segment adjusted EBITDA to net income:Three Months Ended(dollar amounts in millions)March 29, 2025March 30, 2024Consolidated reconciliation Net income $10.8 $30.7 Interest, net10.2 14.4 Income taxes4.6 10.5 Depreciation and amortization 11.2 10.2 Restructuring & other adjusted