Company: JBI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001839839-25-000141
Chunk: 68

Company: Janus International Group, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 68
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us North America and Janus International, in accordance with ASC Topic 280, “Segment Reporting”. •The Janus North America segment is comprised of the following entities: Janus Core, BETCO, NOKE, ASTA, ACT, U.S. Door, Janus Door, Steel Door Depot, Janus Canada, and Terminal Door.•The Janus International reportable segment is comprised of Janus Europe Holdings and its subsidiaries with its production and sales located primarily in U.K., Australia, Poland, and France. This segment structure reflects how the Company’s Chief Executive Officer (“CEO”), who has been identified as the CODM, evaluates performance and allocates resources. Key business strategies, strategic objectives, and competitive decisions are determined at the geographical level (North America and International) rather than by product lines, functional divisions, or business units. The CEO primarily assesses segment performance and allocates resources, including personnel, property, and financial or capital resources, using gross profit and adjusted EBITDA. Budget-to-actual variances are reviewed monthly to assess performance and allocate resources. The accounting policies of the segments are the same as those described in the summary of 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. We use 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 June 28, 2025Revenues$200.3 $28.4 $(0.6)$228.1 Cost of revenues115.0 20.5 (0.6)134.9           Gross profit $85.3 $7.9 $— $93.2 Other segment items (1)(40.5)(3.7)— (44.2)  Adjusted EBITDA*$44.8 $4.2 $— $49.0 (dollar amounts in millions)Janus North AmericaJanus International Intersegment eliminationsTotal Three