Company: JBI
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001839839-25-000132
Chunk: 84

Company: Janus International Group, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 84
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arianceMarch 29, 2025% of Total SalesMarch 30, 2024% of Total Sales$%Self-storage - new construction $19.993.9 %$12.484.4 %$7.5 60.5 %Self-storage - R31.36.1 %2.315.6 %(1.0)(43.5)%Total$21.2100.0 %$14.7100.0 %$6.5 44.2 %

New construction sales increased by $7.5 or 60.5% for the three month period ended March 29, 2025 compared to the three month period ended March 30, 2024. The increase is due to an increase in volume as a result of improving local market conditions compared to prior year which was negatively affected by the U.K. recessionary period starting late fiscal 2023 and impacting most of fiscal 2024.

R3 sales decreased by $1.0 or 43.5% for the three month periods ended March 29, 2025 compared to the three month periods ended March 30, 2024. The decrease is due to certain customers deferring refurbishment of existing locations, which yielded to larger investments made in new construction.

39

International Cost of Revenues 

(dollar amounts in tables in millions)Three Months EndedVarianceMarch 29, 2025March 30, 2024$%Product cost of revenues$9.7 $6.4 $3.3 51.6 %Service cost of revenues7.0 4.9 2.1 42.9 %Cost of revenues$16.7 $11.3 $5.4 47.8 %

Cost of revenues increased by $5.4 or 47.8% for the three month period ended March 29, 2025 compared to the three month period ended March 30, 2024. The change in cost of revenues is closely aligned with the changes in revenues. 

Income from Operations

Income from operations increased from a loss of $0.7 to a gain of $0.3 for the three month period ended March 29, 2025 compared to the three month period ended March 30, 2024. The return to profitability in the international business is generally a result of improving local market conditions and certain strategic changes made as part of the