Company: JBI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001839839-25-000141
Chunk: 12

Company: Janus International Group, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 7
Chunk 12
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.7)%

Six Months EndedVarianceVariance Breakdown(dollar amounts in millions)June 28, 2025June 29, 2024$%Acquisition RevenueOrganic GrowthOrganic Growth %Product revenues (1)$344.4 $420.9 $(76.5)(18.2)%$— $(76.5)(18.2)%Service revenues94.2 82.0 12.2 14.9 %7.3 4.9 6.0 %Total revenues$438.6 $502.9 $(64.3)(12.8)%$7.3 $(71.6)(14.2)%

(1) Product revenues include product revenues transferred at a point in time and product revenues transferred over time.

Total revenue decreased by $20.3 or 8.2% and by $64.3 or 12.8% for the three and six month periods ended June 28, 2025, respectively, compared to the three and six month periods ended June 29, 2024. Organic revenues declined for the three and six months ended June 28, 2025, as a result of volume declines associated with uncertainty in the macroeconomic environment and customer liquidity challenges 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’s sales by sales channel:

(dollar amounts in millions)Three Months EndedVarianceConsolidatedJune 28, 2025% of salesJune 29, 2024% of sales$%Self-storage - new construction $93.9 41.2 %$110.7 44.6 %$(16.8)(15.2)%Self-storage - R352.9 23.2 %61.5 24.8 %(8.6)(14.0)%Total self-storage$146.8 64.4 %$172.2 69.3 %$(25.4)(14.8)%Commercial and other81.3 35.6 %76.2 30.7 %5.1 6.7 %Total revenues$228.1 100.0