# EDGAR Filing Document

**Accession Number:** 0001839839
**File Stem:** 0001839839-25-000139
**Filing Date:** 2025-8
**Character Count:** 74059
**Document Hash:** 1fc416a03f388a6f308d37fbcb28409f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001839839-25-000139.hdr.sgml**: 20250807

**ACCESSION NUMBER**: 0001839839-25-000139

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 34

**CONFORMED PERIOD OF REPORT**: 20250807

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250807

**DATE AS OF CHANGE**: 20250807

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Janus International Group, Inc.
- **CENTRAL INDEX KEY:** 0001839839
- **STANDARD INDUSTRIAL CLASSIFICATION:** METAL DOORS, SASH, FRAMES, MOLDING & TRIM [3442]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0101

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40456
- **FILM NUMBER:** 251191492

**BUSINESS ADDRESS:**
- **STREET 1:** 135 JANUS INTERNATIONAL BLVD.
- **CITY:** TEMPLE
- **STATE:** GA
- **ZIP:** 30179
- **BUSINESS PHONE:** (866) 562-2580

**MAIL ADDRESS:**
- **STREET 1:** 135 JANUS INTERNATIONAL BLVD.
- **CITY:** TEMPLE
- **STATE:** GA
- **ZIP:** 30179

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Janus Parent, Inc.
- **DATE OF NAME CHANGE:** 20210111

?xml version='1.0' encoding='ASCII'? jbi-20250807

**_______________________________________________________________________________________________________________________________**

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

Washington, D.C. 20549

**_____________________________________**

 **FORM 8-K**

**_____________________________________**

**CURRENT REPORT**

 **PURSUANT TO SECTION 13 OR 15(d) OF THE** 

**SECURITIES EXCHANGE ACT OF 1934** 

Date of Report (Date of earliest event reported): **August 7, 2025**

**_____________________________________**

**Janus International Group, Inc.** 

(Exact Name of Registrant as Specified in Charter)

**_____________________________________**

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-40456** | **86-1476200** |
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification Number) |
|  | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 135 Janus International Blvd., Temple, GA 30179** <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Address of Principal Executive Offices, Zip Code) |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Registrant's telephone number, including area code: (**866**) **562-2580** |  |

---

**_____________________________________**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e 4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which Registered |
| **Common Stock, par value $0.0001 per share** | **JBI** | **New York Stock Exchange** |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**_______________________________________________________________________________________________________________________________**

------

**Item 2.02. Results of Operations and Financial Condition.**

On August 7, 2025, Janus International Group, Inc. (the "Company") issued a press release announcing financial results for the quarter ended June 28, 2025 (the "Earnings Release"). The full text of the Earnings Release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is available on the investor relations section of the Company's website at https://ir.janusintl.com.

The information in this Item 2.02, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, regardless of the general incorporation language contained in such filing. Without limiting the generality of the foregoing, the text of the Earnings Release set forth under the heading entitled "Forward-Looking Statements" is incorporated by reference into this Item 2.02.

**Item 7.01. Regulation FD Disclosure.**

On August 7, 2025, the Company provided an investor presentation that will be made available on the investor relations section of the Company's website at https://ir.janusintl.com. The investor presentation is furnished as Exhibit 99.2 to this Current Report on Form 8-K.

The information in this Item 7.01, including Exhibit 99.2, shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act or the Exchange Act, regardless of the general incorporation language contained in such filing. Without limiting the generality of the foregoing, the text of the investor presentation set forth under the heading entitled "Forward-Looking Statements" is incorporated by reference into this Item 7.01.

------

**Item 9.01. Financial Statements and Exhibits.**

---

| | |
|:---|:---|
| **Exhibit Number** | **Description** |
| 99.1 | <u>[Press Release, dated August 7, 2025](janusearningsreleaseq22025.htm)</u> |
| 99.2 | <u>[Investor Presentation, dated August 7, 2025](earningspresentationq220.htm)</u> |
| 104 | Cover Page Interactive Data File (formatted as inline XBRL). |

---

------

**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: August 7, 2025

JANUS INTERNATIONAL GROUP, INC.

By: *<u>/s/ Anselm Wong</u>*

Name: Anselm Wong

Title: Chief Financial Officer

## Exhibit 99.1

![imagea.jpg](imagea.jpg)

**JANUS INTERNATIONAL GROUP REPORTS SECOND QUARTER 2025 FINANCIAL RESULTS** 

*Delivered $228.1 Million in Total Revenue*

*Generated Net Income of $20.7 Million, or $0.15 Per Diluted Share, with Adjusted Earnings Per Share\* of $0.20*

*Achieved Adjusted EBITDA\* of $49.0 Million and Adjusted EBITDA Margin\* of 21.5%*

*Deployed $10.1 Million into Share Repurchases*

*Reaffirmed Full-year 2025 Revenue and Adjusted EBITDA Guidance*

**TEMPLE, GA, August 7, 2025 –** Janus International Group, Inc. (NYSE: JBI) ("Janus" or the "Company"), a leading provider of building product solutions and cutting-edge access control technologies for the self-storage and other commercial and industrial sectors, today announced financial results for its fiscal second quarter ended June 28, 2025.

**Second Quarter 2025 Highlights**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Revenues of $228.1 million, an 8.2% decrease compared to $248.4 million for the second quarter of 2024, as a 14.8% decline in total Self-Storage revenues offset a 6.7% increase in Commercial and Other revenues. Inorganic revenue in the Commercial and Other sales channel totaled $3.8 million, reflecting a partial quarter of contribution from TMC which was acquired in May 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*•* Net income of $20.7 million, or $0.15 per diluted share, a 25.0% decrease compared to $27.6 million, or $0.19 per diluted share in the second quarter of 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***•*** Adjusted Net Income\* (defined as net income plus the corresponding tax-adjusted add-backs shown in the Reconciliation of Net Income to Adjusted Net Income tables below) of $28.2 million, down 21.9% compared to $36.1 million in the second quarter of 2024. Adjusted Net Income per diluted share of $0.20, a 20.0% decrease compared to $0.25 per diluted share in the second quarter of 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Adjusted EBITDA\* of $49.0 million, a 24.0% decrease compared to $64.5 million for the second quarter of 2024. Adjusted EBITDA Margin (defined as Adjusted EBITDA divided by Total Revenues) was 21.5%, a decrease of approximately 450 basis points from the prior year period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Repurchased approximately 1.2 million shares of common stock for $10.1 million (including commissions and excise taxes). At quarter end, the Company had $81.3 million of remaining capacity on its recently expanded share repurchase authorization.

"Janus delivered strong results in the second quarter, and I am pleased with our performance in the first half of 2025 as our team continued to execute well in a dynamic operating environment," said Ramey Jackson, Chief Executive Officer. "While we continue to see softness in the domestic self-storage business due to elevated interest rates and macroeconomic uncertainty, we are encouraged by positive trends in the commercial business and in our international markets."

Mr. Jackson continued, "Given our solid year-to-date results and current visibility into our end markets, we are reaffirming our full-year 2025 revenue and Adjusted EBITDA outlook. Despite near-term challenges and market fluctuations, our strong balance sheet and robust cash flow profile provide us ample flexibility to expand our suite of offerings and capabilities to drive growth and further improve profitability. As we look ahead, we are confident in our ability to deliver long-term value for our shareholders."

\*Non-GAAP measure. See the sections titled "Non-GAAP Financial Measures" and "Reconciliation of GAAP to Non-GAAP Financial Measures" for more information about such Non-GAAP financial measure and a reconciliation to the most directly

related GAAP financial measure.

------

![imagea.jpg](imagea.jpg)

**2025 Financial Outlook**

Based on the Company's current business outlook, Janus is reaffirming its full year 2025 guidance as follows:

---

| | | |
|:---|:---|:---|
| | Range | Range |
| Revenue | $860 million | $890 million |
| Adjusted EBITDA (non-GAAP) | $175 million | $195 million |

---

The estimates set forth above were prepared by the Company's management and are based upon a number of assumptions. See "Forward-Looking Statements." The Company has excluded a quantitative reconciliation with respect to the Company's 2025 guidance under the "unreasonable efforts" exception in Item 10(e)(1)(i)(B) of Regulation S-K. See "Non-GAAP Financial Measures" below for additional information.

**About Janus International Group**

Janus International Group, Inc. (www.JanusIntl.com) is a leading global manufacturer and supplier of turn-key self-storage, commercial and industrial building solutions, including: roll-up and swing doors, hallway systems, relocatable storage units and facility and door automation technologies. The Janus team operates out of several U.S. and international locations.

**Conference Call and Webcast** 

The Company will host a conference call and webcast to review second quarter results and conduct a question-and-answer session on Thursday, August 7, 2025 at 10:00 a.m. Eastern Time. The live webcast and archived replay of the conference call can be accessed on the Investors section of the Company's website at www.janusintl.com. For those unable to access the webcast, the conference call will be accessible domestically or internationally, by dialing 1-800-225-9448 or 1-203-518-9708, respectively. Upon dialing in, please request to join the Janus International Group Second Quarter 2025 Earnings Conference Call. To access the replay of the call, dial 1-844-512-2921 (Domestic) and 1-412-317-6671 (International) with pass code 11159362.

**Forward-Looking Statements** 

Certain statements in this communication, including the estimated guidance provided under "2025 Financial Outlook" herein, may be considered "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this communication are forward-looking statements, including, but not limited to statements regarding Janus's belief regarding the demand outlook for Janus's products and the strength of the industrials markets. When used in this communication, words such as "plan," "believe," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project," "continue," "could," "may," "might," "possible," "potential," "predict," "should," "would," and other similar words and expressions or the negative of such terms or other similar expressions, as they relate to the management team, identify forward-looking statements. The forward-looking statements contained in this communication are based on our current expectations and beliefs concerning future developments and their potential effects on us. We cannot assure you that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Some factors that could cause actual results to differ materially from forward-looking statements or historical performance: (i) risks of the self-storage industry; (ii) the highly competitive nature of the self-storage industry and Janus's ability to compete

------

![imagea.jpg](imagea.jpg)

therein; (iii) litigation, complaints, and/or adverse publicity; (iv) risks from tariffs; (v) cyber incidents or directed attacks that could result in information theft, data corruption, operational disruption, and/or financial loss; (vi) the risk that our share repurchase program will be fully consummated or that it will enhance shareholder value; and (vii) the risk that the demand outlook for Janus's products may not be as strong as anticipated. There can be no assurance that the events, results, trends or guidance regarding financial outlook identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and Janus is not under any obligation and expressly disclaims any obligation, to update, alter, or otherwise revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. This communication is not intended to be all-inclusive or to contain all the information that a person may desire in considering an investment in Janus and is not intended to form the basis of an investment decision in Janus. All subsequent written and oral forward-looking statements concerning Janus or other matters and attributable to Janus or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above and under the heading "Risk Factors" in Janus's most recently filed Annual Report on Form 10-K and Quarterly Report on Form 10-Q, as updated from time to time in amendments and its subsequent filings with the SEC.

**Non-GAAP Financial Measures** 

Janus uses measures of performance that are not required by or presented in accordance with GAAP in the United States. Non-GAAP financial performance measures are used to supplement the financial information presented on a GAAP basis. These non-GAAP financial measures should not be considered in isolation or as a substitute for the relevant GAAP measures and should be read in conjunction with information presented on a GAAP basis.

Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Net Income, Adjusted Earnings Per Share (EPS), Free Cash Flow Conversion, Net Leverage Ratio, and Net Debt are non-GAAP financial measures used by Janus to evaluate its operating performance, generate future operating plans, and make strategic decisions, including those relating to operating expenses and the allocation of internal resources. Accordingly, Janus believes Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Net Income, Adjusted EPS, Free Cash Flow Conversion, Net Leverage Ratio, and Net Debt provide useful information to investors and others in understanding and evaluating Janus's operating results in the same manner as its management and board of directors and in comparison with Janus's peer group companies. In addition, Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Net Income, Adjusted EPS, Free Cash Flow Conversion, Net Leverage Ratio, and Net Debt provide useful measures for period-to-period comparisons of Janus's business, as they remove the effect of certain non-recurring events and other non-recurring charges, such as acquisitions, and certain variable or non-recurring charges. Adjusted EBITDA is defined as net income excluding interest expense, income taxes, depreciation expense, amortization, and other non-operational, non-recurring items. Adjusted Net Income is defined as net income plus the corresponding tax-adjusted add-backs shown in the Adjusted EBITDA reconciliation.

Please note that the Company has not provided the most directly comparable GAAP financial measure, or a quantitative reconciliation thereto, for the Adjusted EBITDA forward-looking guidance for 2025 and long-term outlook included in this communication in reliance on the "unreasonable efforts" exception provided under Item 10(e)(1)(i)(B) of Regulation S-K. Due to the forward-looking nature of projected Adjusted EBITDA, providing the most directly comparable GAAP financial measure, or a quantitative reconciliation thereto, cannot be done without unreasonable effort due to the inherent uncertainty and difficulty in predicting certain non-cash, material and/or non-recurring expenses or benefits, legal settlements or other matters, and certain tax positions. Because these adjustments are inherently variable and uncertain and depend on various factors that are beyond the Company's control, the Company is also unable to predict their probable significance. The variability of these items could have an unpredictable, and potentially significant, impact on our future GAAP financial results and amounts excluded from these non-GAAP measures in future periods could be significant.

Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Net Income, Adjusted EPS, Free Cash Flow Conversion, Net Leverage Ratio, and Net Debt should not be considered in isolation of, or as an

------

![imagea.jpg](imagea.jpg)

alternative to, measures prepared in accordance with GAAP. There are a number of limitations related to the use of Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Net Income, Adjusted EPS, Free Cash Flow Conversion, Net Leverage Ratio, and Net Debt rather than net income (loss), which is the nearest GAAP equivalent of Adjusted EBITDA and Adjusted Net Income. These limitations include that the non-GAAP financial measures: exclude depreciation and amortization, and although these are non-cash expenses, the assets being depreciated may be replaced in the future; do not reflect interest expense, or the cash requirements necessary to service interest on debt, which reduces cash available; do not reflect the provision for or benefit from income tax that may result in payments that reduce cash available; exclude non-recurring items (i.e., the extinguishment of debt); and may not be comparable to similar non-GAAP financial measures used by other companies, because the expenses and other items that Janus excludes in the calculation of these non-GAAP financial measures may differ from the expenses and other items, if any, that other companies may exclude from these non-GAAP financial measures when they report their operating results. Because of these limitations, these non-GAAP financial measures should be considered along with other operating and financial performance measures presented in accordance with GAAP.

------

![imagea.jpg](imagea.jpg)

**Janus International Group, Inc.**

**Consolidated Statements of Operations and Comprehensive Income**

**(In millions, except share and per share data - Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Six Months Ended** | **Six Months Ended** |
| | **June 28, 2025** | **June 29, 2024** | **June 28, 2025** | **June 29, 2024** |
| **REVENUES** | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;Product revenues | $178.1 | $205.8 | $344.4 | $420.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;Service revenues | 50.0 | 42.6 | 94.2 | 82.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total revenues** | $**228.1** | $**248.4** | $**438.6** | $**502.9** |
| &nbsp;&nbsp;&nbsp;&nbsp;Product cost of revenues | 99.1 | 115.1 | 196.8 | 229.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;Service cost of revenues | 35.8 | 24.3 | 66.7 | 53.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Cost of revenues** | $**134.9** | $**139.4** | $**263.5** | $**283.5** |
| **GROSS PROFIT** | $**93.2** | $**109.0** | $**175.1** | $**219.4** |
| **OPERATING EXPENSES** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Selling and marketing | 16.7 | 17.1 | 33.6 | 34.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;General and administrative | 40.5 | 40.3 | 80.2 | 77.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Operating expenses** | $**57.2** | $**57.4** | $**113.8** | $**112.3** |
| **INCOME FROM OPERATIONS** | $**36.0** | $**51.6** | $**61.3** | $**107.1** |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest expense, net | (9.1) | (13.0) | (19.3) | (27.3) |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss on extinguishment and modification of debt |  | (1.7) |  | (1.7) |
| &nbsp;&nbsp;&nbsp;&nbsp;Other income, net | 0.2 | 0.2 | 0.5 | 0.2 |
| **INCOME BEFORE TAXES** | $**27.1** | $**37.1** | $**42.5** | $**78.3** |
| &nbsp;&nbsp;&nbsp;&nbsp;**Provision for income taxes** | 6.4 | 9.5 | 11.0 | 20.0 |
| **NET INCOME** | $**20.7** | $**27.6** | $**31.5** | $**58.3** |
| &nbsp;&nbsp;&nbsp;&nbsp;**Other comprehensive income (loss)** | 2.1 | 0.2 | 3.0 | (0.4) |
| **COMPREHENSIVE INCOME** | $**22.8** | $**27.8** | $**34.5** | $**57.9** |
| **Weighted-average shares outstanding, basic and diluted** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic | 139552809 | 145857673 | 139801720 | 146230907 |
| &nbsp;&nbsp;&nbsp;&nbsp;Diluted | 140004090 | 146435123 | 140137292 | 146740667 |
| **Net income per share, basic and diluted** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic | $0.15 | $0.19 | $0.23 | $0.40 |
| &nbsp;&nbsp;&nbsp;&nbsp;Diluted | $0.15 | $0.19 | $0.22 | $0.40 |

---

------

![imagea.jpg](imagea.jpg)

**Janus International Group, Inc.**

**Consolidated Balance Sheets**

**(In millions, except share and per share data - Unaudited)**

---

| | | |
|:---|:---|:---|
| | **June 28, 2025** | **December 28, 2024** |
| **ASSETS** | | |
| &nbsp;&nbsp;&nbsp;&nbsp;**Current assets** | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents | $173.6 | $149.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable, less allowance for credit losses of $14.6 and $18.1, as of June 28, 2025 and December 28, 2024, respectively | 114.4 | 136.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Contract assets | 28.9 | 23.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inventories | 53.9 | 53.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses | 8.8 | 7.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other current assets | 18.2 | 16.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total current assets** | $**397.8** | $**385.5** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Property, plant, and equipment, net | 65.1 | 56.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Right-of-use assets, net | 58.5 | 59.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intangible assets, net | 358.2 | 373.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goodwill | 384.0 | 383.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred tax assets, net | 33.9 | 36.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other assets | 5.0 | 5.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total assets** | $**1302.5** | $**1301.3** |
| **LIABILITIES AND STOCKHOLDERS' EQUITY** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Current liabilities** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable | $67.1 | $53.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Contract liabilities | 16.4 | 17.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current maturities of long-term debt | 7.5 | 8.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued expenses and other current liabilities | 61.4 | 56.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total current liabilities** | $**152.4** | $**136.8** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Long-term debt, net | 543.2 | 583.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred tax liabilities, net | 3.8 | 1.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other long-term liabilities | 59.3 | 60.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total liabilities** | $**758.7** | $**782.5** |
| **STOCKHOLDERS' EQUITY** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common stock, 825,000,000 shares authorized, $0.0001 par value, 148,329,835 and 147,280,524 shares issued as of June 28, 2025 and December 28, 2024, respectively | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Treasury stock, at cost, 9,466,039 and 7,276,549 shares as of June 28, 2025 and December 28, 2024, respectively | (99.3) | (81.4) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additional paid-in capital | 308.1 | 299.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulated other comprehensive loss | (0.8) | (3.8) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Retained earnings | 335.8 | 304.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total stockholders' equity** | $**543.8** | $**518.8** |
| **Total liabilities and stockholders' equity** | $**1302.5** | $**1301.3** |

---

------

![imagea.jpg](imagea.jpg)

**Janus International Group, Inc.** 

**Consolidated Statements of Cash Flows**

 **(In millions - Unaudited)**

---

| | | |
|:---|:---|:---|
| | **Six Months Ended** | **Six Months Ended** |
| | **June 28, 2025** | **June 29, 2024** |
| **Cash flows provided by operating activities** | | |
| **Net income** | $31.5 | $58.3 |
| **Adjustments to reconcile net income to net cash provided by operating activities** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Depreciation of property, plant, and equipment | 5.9 | 5.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;Noncash lease expense | 3.9 | 3.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;Provision for inventory obsolescence | 1.1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Amortization of intangibles | 16.5 | 15.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Deferred income taxes, net | 5.1 | 5.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;Deferred finance fee amortization | 1.6 | 1.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;Provision for expected losses on accounts receivable | 0.3 | 0.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Share-based compensation | 8.4 | 5.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss on equity method investment | 0.3 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Changes in operating assets and liabilities, excluding effects of acquisition |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Accounts receivable* | 22.3 | (2.7) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Contract assets* | (5.1) | 16.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Prepaid expenses and other current assets* | (3.2) | (13.7) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Inventories* | (1.1) | (2.2) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Other assets* | 0.4 | 0.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Accounts payable* | 12.2 | (2.8) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Contract liabilities* | (2.2) | (1.6) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Accrued expenses and other current liabilities* | 5.0 | (27.4) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Other long-term liabilities* | (3.2) | (3.2) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Net cash provided by operating activities** | $**99.7** | $**59.6** |
| **Cash flows used in investing activities** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Purchases of property, plant, and equipment | $(13.2) | $(10.3) |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash paid for acquisition, net of cash acquired | **—** | (60.1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Net cash used in investing activities** | $**(13.2)** | $**(70.4)** |
| **Cash flows used in financing activities** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Principal payments on long-term debt | $(43.0) | $(23.4) |
| &nbsp;&nbsp;&nbsp;&nbsp;Principal payments under finance lease obligations | (1.2) | (1.0) |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash paid for common stock withheld for taxes | (2.8) | (0.9) |
| &nbsp;&nbsp;&nbsp;&nbsp;Excise taxes paid for repurchase of common stock | (0.8) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Payments for deferred financing fees |  | (0.2) |
| &nbsp;&nbsp;&nbsp;&nbsp;Repurchase of common stock | $(15.0) | $(25.2) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Net cash used in financing activities** | $**(62.8)** | $**(50.7)** |
| Effect of exchange rate changes on cash and cash equivalents | $0.6 | $(0.1) |
| **Net increase (decrease) in cash** | $**24.3** | $**(61.6)** |
| **Cash, beginning of period** | $**149.3** | $**171.7** |
| **Cash, end of period** | $**173.6** | $**110.1** |
| **Supplemental cash flows information** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest paid | $17.2 | $39.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Income taxes paid | $3.3 | $24.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash paid for operating leases included in operating activities | $4.6 | $4.3 |
| **Non-cash investing and financing activities:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Right-of-use assets obtained in exchange for operating lease obligations | $0.8 | $4.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Right-of-use assets obtained in exchange for finance lease obligations | $1.4 | $1.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;RSU shares withheld included in accrued employee taxes | $0.1 | $0.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Excise taxes from common share repurchase included in accrued expenses | $0.2 | $0.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;Purchases of property, plant, and equipment in accounts payable | $0.2 | $0.6 |

---

------

![imagea.jpg](imagea.jpg)

**Janus International Group, Inc.**

**Revenue by Sales Channel**

**(In millions, except percentages)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Variance** |
| | **June 28, 2025** | **% of Total Sales** | **June 29, 2024** | **% of Total Sales** | |
| | **June 28, 2025** | **% of Total Sales** | **June 29, 2024** | **% of Total Sales** |<br>$**%** |
| Self-storage - new construction | $93.9 | 41.2% | $110.7 | 44.6% | (15.2)% |
| Self-storage - R3 | 52.9 | 23.2% | 61.5 | 24.8% | (14.0)% |
| Total self-storage | $146.8 | 64.4% | $172.2 | 69.3% | (14.8)% |
| Commercial and other | 81.3 | 35.6% | 76.2 | 30.7% | 6.7% |
| **Total revenues** | $**228.1** | **100.0%** | $**248.4** | **100.0%** | **(8.2)%** |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Six Months Ended** | **Six Months Ended** | **Six Months Ended** | **Six Months Ended** | **Six Months Ended** | **Variance** |
| | **June 28, 2025** | | **% of Total Sales** | **June 29, 2024** | **% of Total Sales** | |
| | **June 28, 2025** | **Period ended** | **% of Total Sales** | **June 29, 2024** | **% of Total Sales** |<br>$**%** |
| Self-storage - new construction  | $177.6 |  | 40.5% | $227.3 | 45.2% | (21.9)% |
| Self-storage - R3 | 112.7 |  | 25.7% | 132.1 | 26.3% | (14.7)% |
| Total self-storage | $290.3 |  | 66.2% | $359.4 | 71.5% | (19.2)% |
| Commercial and other | 148.3 |  | 33.8% | 143.5 | 28.5% | 3.3% |
| **Total revenues** | $**438.6** |  | **100.0%** | $**502.9** | **100.0%** | **(12.8)%** |

---

------

![imagea.jpg](imagea.jpg)

**Reconciliation of GAAP to Non-GAAP Financial Measures**

**Janus International Group, Inc.**

**Reconciliation of Net Income to EBITDA\* and Adjusted EBITDA\*** 

**(In millions, except percentages)**

---

| | | | |
|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Variance** |
| | **June 28, 2025** | **June 29, 2024** | $**%** |
| **Net income** | $20.7 | $27.6 | (25.0)% |
| Interest, net | 9.1 | 13.0 | (30.0)% |
| Income taxes | 6.4 | 9.5 | (32.6)% |
| Depreciation | 3.0 | 3.0 | —% |
| Amortization | 8.2 | 8.0 | 2.5% |
| **EBITDA\*** | $**47.4** | $**61.1** | **(22.4)%** |
| Restructuring charges <sup>(1)</sup> | 0.8 | 0.3 | 166.7% |
| Acquisition expense <sup>(2)</sup> | 0.8 | 1.4 | (42.9)% |
| Loss on extinguishment and modification of debt <sup>(3)</sup> |  | 1.7 | (100.0)% |
| **Adjusted EBITDA\*** | $**49.0** | $**64.5** | **(24.0)%** |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Six Months Ended** | **Six Months Ended** | **Variance** |
| | **June 28, 2025** | **June 29, 2024** | $**%** |
| **Net income** | $31.5 | $58.3 | (46.0)% |
| Interest, net | 19.3 | 27.3 | (29.3)% |
| Income taxes | 11.0 | 20.0 | (45.0)% |
| Depreciation | 5.9 | 5.9 | —% |
| Amortization | 16.5 | 15.5 | 6.5% |
| **EBITDA\*** | $**84.2** | $**127.0** | **(33.7)%** |
| Restructuring charges <sup>(1)</sup> | 1.2 | 0.7 | 71.4% |
| Acquisition expense <sup>(2)</sup> | 1.7 | 1.4 | 21.4% |
| Loss on extinguishment and modification of debt <sup>(3)</sup> |  | 1.7 | (100.0)% |
| Other | 0.3 | $— | —% |
| **Adjusted EBITDA\*** | $**87.4** | $**130.8** | **(33.2)%** |

---

(1)Restructuring charges consist of the following: 1) facility relocations, 2) severance and hiring costs associated with our strategic transformation, including executive leadership team changes, and 3) strategic business assessment and transformation projects.

(2)Expenses or income related to various professional fees, acquisition related compensation, net working capital finalization, legal settlements and various acquisition related activities.

(3)Adjustment for loss on extinguishment and modification of debt regarding the write off of unamortized fees and third-party fees as a result of the debt modification completed in April 2024.

\*Janus uses measures of performance that are not required by or presented in accordance with GAAP in the United States. Non-GAAP financial performance measures are used to supplement the financial information presented on a GAAP basis. These non-GAAP financial measures should not be considered in isolation or as a substitute for the relevant GAAP measures and should be read in conjunction with information presented on a GAAP basis.

.

The Company has excluded a quantitative reconciliation of Adjusted EBITDA with respect to the Company's 2025 guidance in the "2025 Financial Outlook" section under the "unreasonable efforts" exception in Item 10(e)(1)(i)(B) of Regulation S-K. Providing the most directly comparable GAAP financial measure, or a quantitative reconciliation thereto, cannot be done without unreasonable effort due to the inherent uncertainty and difficulty in predicting certain non-cash, material and/or non-recurring expenses or benefits, legal settlements or other matters, and certain tax positions. Because these adjustments are inherently variable and uncertain and depend on various factors that are beyond the Company's control, the Company is also unable to predict their probable significance. The variability of these items could have an unpredictable, and potentially significant, impact on our future GAAP financial results.

------

![imagea.jpg](imagea.jpg)

**Janus International Group, Inc.**

**Reconciliation of Net Income to Adjusted Net Income\***

**(In millions)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Six Months Ended** | **Six Months Ended** |
| | **June 28, 2025** | **June 29, 2024** | **June 28, 2025** | **June 29, 2024** |
| **Net income** | $20.7 | $27.6 | $31.5 | $58.3 |
| Net Income Adjustments<sup>(1)</sup> | 1.6 | 3.4 | 3.2 | 3.8 |
| Amortization | 8.2 | 8.0 | 16.5 | 15.5 |
| Tax Effect on Net Income Adjustments<sup>(2)</sup> | (2.3) | (2.9) | (5.1) | (4.9) |
| **Non-GAAP Adjusted Net Income** | $**28.2** | $**36.1** | $**46.1** | $**72.7** |

---

(1)Net Income Adjustments for the three months ended June 28, 2025 include $0.8 of restructuring charges and $0.8 of acquisition expenses. Net Income Adjustments for the six months ended June 28, 2025 include $1.7 of acquisition expenses, $1.2 of restructuring charges and $0.3 of other. Refer to the Adjusted EBITDA table above for further details.

(2)The effective tax rates of 23.6% and 25.6% were used for the three months ended June 28, 2025 and June 29, 2024, respectively. The effective tax rates of 25.9% and 25.5% were used for the six months ended June 28, 2025 and June 29, 2024, respectively.

\*Janus uses measures of performance that are not required by or presented in accordance with GAAP in the United States. Non-GAAP financial performance measures are used to supplement the financial information presented on a GAAP basis. These non-GAAP financial measures should not be considered in isolation or as a substitute for the relevant GAAP measures and should be read in conjunction with information presented on a GAAP basis.

.

**Janus International Group, Inc.**

**Adjusted EPS\***

**(In millions, except share and per share data)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Six Months Ended** | **Six Months Ended** |
| | **June 28, 2025** | **June 29, 2024** | **June 28, 2025** | **June 29, 2024** |
| **Numerator:** | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; GAAP Net Income | $20.7 | $27.6 | $31.5 | $58.3 |
| &nbsp;&nbsp;&nbsp;&nbsp; Non-GAAP Adjusted Net Income\* | $28.2 | $36.1 | $46.1 | $72.7 |
| **Denominator:** |  |  |  |  |
| Weighted average number of shares: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Basic | 139552809 | 145857673 | 139801720 | 146230907 |
| Adjustment for Dilutive Securities | 451281 | 577450 | 335572 | 509760 |
| &nbsp;&nbsp;&nbsp;&nbsp; Diluted | 140004090 | 146435123 | 140137292 | 146740667 |
| **GAAP Basic EPS** | $0.15 | $0.19 | $0.23 | $0.40 |
| **GAAP Diluted EPS** | $0.15 | $0.19 | $0.22 | $0.40 |
| **Non-GAAP Adjusted Basic EPS\*** | $0.20 | $0.25 | $0.33 | $0.50 |
| **Non-GAAP Adjusted Diluted EPS\*** | $0.20 | $0.25 | $0.33 | $0.50 |

---

\*Janus uses measures of performance that are not required by or presented in accordance with GAAP in the United States. Non-GAAP financial performance measures are used to supplement the financial information presented on a GAAP basis. These non-GAAP financial measures should not be considered in isolation or as a substitute for the relevant GAAP measures and should be read in conjunction with information presented on a GAAP basis.

------

![imagea.jpg](imagea.jpg)

**Janus International Group, Inc.**

**Free Cash Flow Conversion\***

**(In millions, except percentages)**

---

| | | |
|:---|:---|:---|
| | **Six Months Ended** | **Six Months Ended** |
| | **June 28, 2025** | **June 29, 2024** |
| **Cash Flow from Operating Activities** | $99.7 | $59.6 |
| Less: Purchases of property, plant and equipment | (13.2) | $(10.3) |
| **Free Cash Flow\*** | $86.5 | $49.3 |
| **Non-GAAP Adjusted Net Income\*** | $46.1 | $72.7 |
| **Free Cash Flow Conversion of Non-GAAP Adjusted Net Income\*** | 188% | 68% |

---

---

| | | |
|:---|:---|:---|
| | **Trailing Twelve Months Ended** | **Trailing Twelve Months Ended** |
| | **June 28, 2025** | **June 29, 2024** |
| **Cash Flow from Operating Activities** | $194.1 | $178.2 |
| Less: Purchases of property, plant and equipment | (23.0) | (19.7) |
| **Free Cash Flow\*** | $171.1 | $158.5 |
| **Non-GAAP Adjusted Net Income\***<sup>(1)</sup> | $81.2 | $158.8 |
| **Free Cash Flow Conversion of Non-GAAP Adjusted Net Income\*** | 211% | 100% |

---

(1) Trailing Twelve-month Adjusted Net Income for the period ended June 28, 2025 consists of the sum of Adjusted Net Income, of $21.8, $13.5, $17.7 and $28.2 for the periods ended September 28, 2024, December 28, 2024, March 29, 2025 and June 28, 2025, respectively. Trailing Twelve-month Adjusted Net Income for the period ended June 29, 2024 consists of the sum of Adjusted Net Income of $44.6, $41.5, $36.6 and $36.1 for the periods ended September 30, 2023, December 30, 2023, March 30, 2024 and June 29, 2024, respectively. Adjusted Net Income for the prior year has been adjusted to conform to the presentation and classifications used in the current year. These adjustments have no effect on our previously reported results.

\*Janus uses measures of performance that are not required by or presented in accordance with GAAP in the United States. Non-GAAP financial performance measures are used to supplement the financial information presented on a GAAP basis. These non-GAAP financial measures should not be considered in isolation or as a substitute for the relevant GAAP measures and should be read in conjunction with information presented on a GAAP basis.

**Janus International Group, Inc.**

**Non-GAAP Net Leverage Ratio\***

**(In millions, except ratios)**

---

| | | |
|:---|:---|:---|
| | **June 28, 2025** | **December 28, 2024** |
| Note payable - First Lien | $555.5 | $598.5 |
| Less: Cash | 173.6 | 149.3 |
| **Net Debt\*** | $381.9 | $449.2 |
| **Net Income (Trailing Twelve Month periods ended)\***<sup>(1)</sup> | $43.6 | $70.4 |
| **Adjusted EBITDA (Trailing Twelve Month periods ended)\***<sup>(2)</sup> | $165.1 | $208.5 |
| **Long-Term Debt to Net Income** | 12.7 | 8.5 |
| **Non-GAAP Net Leverage Ratio\*** | 2.3 | 2.2 |

---

------

![imagea.jpg](imagea.jpg)

(1) &nbsp;&nbsp;&nbsp;&nbsp;Trailing Twelve months Net Income for the period ended June 28, 2025 consists of the sum of Net Income as reported in the Company's Quarterly and Annual Reports, as applicable of $11.8, $0.3, $10.8 and $20.7 for the periods ended September 28, 2024, December 28, 2024, March 29, 2025 and June 28, 2025, respectively. Trailing Twelve months Net Income for the period ended December 28, 2024 is Net Income as reported in the Company's Annual Report on Form 10-K for the year ended December 28, 2024.

(2) &nbsp;&nbsp;&nbsp;&nbsp;Trailing Twelve months Adjusted EBITDA for the period ended June 28, 2025 consists of the sum of Adjusted EBITDA as reported in the Company's Quarterly or Annual Reports, as applicable of $43.1, $34.6, $38.4 and $49.0 for the three month periods ended September 28, 2024, December 28, 2024, March 29, 2025 and June 28, 2025, respectively. Trailing Twelve month Adjusted EBITDA for the period ended December 28, 2024 is Adjusted EBITDA as reported in the Company's Annual Report on Form 10-K for the year ended December 28, 2024.

\*Janus uses measures of performance that are not required by or presented in accordance with GAAP in the United States. Non-GAAP financial performance measures are used to supplement the financial information presented on a GAAP basis. These non-GAAP financial measures should not be considered in isolation or as a substitute for the relevant GAAP measures and should be read in conjunction with information presented on a GAAP basis.

**Investor Contact**

Sara Macioch

Senior Director, Investor Relations

770-562-6399

IR@janusintl.com

**Media Contact**

Suzanne Reitz

Vice President of Marketing

770-746-9576

Marketing@Janusintl.com

Source: Janus International Group, Inc

## Exhibit 99.2

![](earningspresentationq220001.jpg)

1JanusIntl.com Presented by: JanusIntl.com SECOND QUARTER 2025 EARNINGS PRESENTATION Augus 7, 2025

------

![](earningspresentationq220002.jpg)

2JanusIntl.com Forward-Looking Statements Certain statements in this communication, including the estimated guidance provided under "2025 Guidance and Key Planning Assumptions" and under "Long-Term Fundamentals and Investment Highlights" herein, may be considered "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this communication are forward-looking statements, including, but not limited to statements regarding Janus's belief regarding the demand outlook for Janus's products and the strength of the industrials markets. When used in this communication, words such as "plan," "believe," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project," "continue," "could," "may," "might," "possible," "potential," "predict," "should," "would" and other similar words and expressions or the negative of such terms or other similar expressions, as they relate to the management team, identify forward-looking statements. The forward-looking statements contained in this communication are based on our current expectations and beliefs concerning future developments and their potential effects on us. We cannot assure you that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward- looking statements. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Some factors that could cause actual results to differ include, but are not limited to: (i) risks of the self-storage industry; (ii) the highly competitive nature of the self-storage industry and Janus's ability to compete therein; (iii) litigation, complaints, and/or adverse publicity; (iv) risks from tariffs; (v) cyber incidents or directed attacks that could result in information theft, data corruption, operational disruption and/or financial loss; (vi) the risk that our share repurchase program will be fully consummated or that it will enhance shareholder value; and (vii) the risk that the demand outlook for Janus's products may not be as strong as anticipated. There can be no assurance that the events, results, trends or guidance regarding financial outlook identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and Janus is not under any obligation and expressly disclaims any obligation, to update, alter or otherwise revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. This communication is not intended to be all- inclusive or to contain all the information that a person may desire in considering an investment in Janus and is not intended to form the basis of an investment decision in Janus. All subsequent written and oral forward-looking statements concerning Janus or other matters and attributable to Janus or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above and under the heading "Risk Factors" in Janus's most recently filed Annual Report on Form 10-K and any subsequent Quarterly Report on Form 10-Q, as updated from time to time in amendments and its subsequent filings with the SEC. Non-GAAP Financial Measures Janus uses measures of performance that are not required by or presented in accordance with GAAP in the United States. Non-GAAP financial performance measures are used to supplement the financial information presented on a GAAP basis. These non-GAAP financial measures should not be considered in isolation or as a substitute for the relevant GAAP measures and should be read in conjunction with information presented on a GAAP basis. Please see Appendix, which includes definitions of non-GAAP measures and metrics used in this presentation and reconciliations of non-GAAP measures to the most directly comparable GAAP measure. Adjusted EBITDA, Adjusted Net Income, Adjusted Diluted EPS, Free Cash Flow, Free Cash Flow Conversion of Adjusted Net Income, and Net Leverage Ratio are non-GAAP financial measures used by Janus to evaluate its operating performance, generate future operating plans, and make strategic decisions, including those relating to operating expenses and the allocation of internal resources. Accordingly, Janus believes these non-GAAP financial measures provide useful information to investors and others in understanding and evaluating Janus's operating results in the same manner as its management and board of directors and in comparison with Janus's peer group companies. In addition, these non-GAAP financial measures provide useful measures for period-to-period comparisons of Janus's business, as they remove the effect of certain non-recurring events and other non-recurring charges, such as acquisitions, and certain variable or non-recurring charges. Adjusted EBITDA is defined as net income excluding interest expense, income taxes, depreciation expense, amortization, and other non-operational, non-recurring items. Adjusted Net Income is defined as net income plus the corresponding tax-adjusted add-backs shown in the Adjusted EBITDA reconciliation. Please note that the Company has not provided the most directly comparable GAAP financial measure, or a quantitative reconciliation thereto, for the Adjusted EBITDA forward-looking guidance for 2025 included in this communication in reliance on the "unreasonable efforts" exception provided under Item 10(e)(1)(i)(B) of Regulation S-K. Providing the most directly comparable GAAP financial measure, or a quantitative reconciliation thereto, cannot be done without unreasonable effort due to the inherent uncertainty and difficulty in predicting certain non-cash, material and/or non-recurring expenses or benefits, legal settlements or other matters, and certain tax positions. Because these adjustments are inherently variable and uncertain and depend on various factors that are beyond the Company's control, the Company is also unable to predict their probable significance. The variability of these items could have an unpredictable, and potentially significant, impact on our future GAAP financial results. Adjusted EBITDA, Adjusted Net Income, Adjusted Diluted EPS, Free Cash Flow, Free Cash Flow Conversion of Adjusted Net Income, and Net Leverage Ratio should not be considered in isolation of, or as an alternative to, measures prepared in accordance with GAAP. There are a number of limitations related to the use of Adjusted EBITDA and Adjusted Net Income rather than net income (loss), which is the nearest GAAP equivalent of Adjusted EBITDA and Adjusted Net Income. These limitations include that the non-GAAP financial measures: exclude depreciation and amortization, and although these are non-cash expenses, the assets being depreciated may be replaced in the future; do not reflect interest expense, or the cash requirements necessary to service interest on debt, which reduces cash available; do not reflect the provision for or benefit from income tax that may result in payments that reduce cash available; exclude non-recurring items (i.e., the extinguishment of debt); and may not be comparable to similar non-GAAP financial measures used by other companies, because the expenses and other items that Janus excludes in the calculation of these non-GAAP financial measures may differ from the expenses and other items, if any, that other companies may exclude from these non-GAAP financial measures when they report their operating results. Because of these limitations, these non-GAAP financial measures should be considered along with other operating and financial performance measures presented in accordance with GAAP.

------

![](earningspresentationq220003.jpg)

3JanusIntl.com Ramey Jackson Chief Executive Officer Business Overview & Market Update Anselm Wong Chief Financial Officer 2Q25 Financial Overview & Guidance Update Agenda

------

![](earningspresentationq220004.jpg)

4JanusIntl.com Second Quarter 2025 Results Highlights • Delivered $228.1 million in Total Revenue • Total Self-Storage down 14.8% year-over-year ◦ New Construction down 15.2%, Restore, Rebuild & Replace ("R3") down 14.0% • Commercial & Other up 6.7%; organic growth of 1.7% • International revenue of $28.4 million up 57.8% year-over-year • Net Income of $20.7 million compared to $27.6 million in 2Q 2024 • Adjusted EBITDA1 of $49.0 million compared to $64.5 million in 2Q 2024 • Delivered Adjusted EBITDA as a percentage of revenues of 21.5% • Cash flow from operations of $51.4 million. Free cash flow1 generation of $44.6 million; trailing twelve-month period ended June 28, 2025, free cash flow conversion of Adj. Net Income1 of 211% • Nokē Smart Entry System total installed units of 409,000 at quarter end, up 6.5% sequentially and 26.6% year-over-year • Repurchased 1.2 million shares of common stock for $10.1 million (including commissions and excise taxes) • Board of Directors approved $75.0 million expansion of existing share repurchase authorization • Appointed Jason Williams as President, Janus International Group LLC ("Janus Core") Second Quarter 2025 Revenue Mix Self-Storage Mix: 64.4% 1. Adjusted EBITDA, Free Cash Flow, and Free Cash Flow Conversion of Adjusted Net Income are not financial measures determined in accordance with GAAP. For a definition of these metrics and a reconciliation to our most directly comparable financial measure calculated and presented in accordance with GAAP, please see the Company's latest filings with the SEC as well as the Appendix of this presentation. 41.2% 23.2% 35.6% New Construction Restore, Rebuild & Replace ("R3") Commercial & Other

------

![](earningspresentationq220005.jpg)

5JanusIntl.com Second Quarter 2025 Results Overview 1. Adjusted EBITDA, Adjusted Net Income, Adjusted Diluted EPS, and Free Cash Flow are not financial measures determined in accordance with GAAP. For a definition of these metrics and a reconciliation to our most directly comparable financial measure calculated and presented in accordance with GAAP, please see the Company's latest filings with the SEC as well as the Appendix of this presentation. Adj. EBITDA1 $49.0M 24.0% decrease 21.5% margin Revenue $228.1M 8.2% decrease Adj. Diluted EPS1 $0.20 Adj. Net Income1 of $28.2M Operating Cash Flow $51.4M FCF1 of $44.6M Strong Cash Flow Generation Amid A Challenging Macroeconomic Environment

------

![](earningspresentationq220006.jpg)

6JanusIntl.com Year-to-Date 2025 Results Overview Adj. EBITDA1 $87.4M 33.2% decrease 19.9% margin Revenue $438.6M 12.8% decrease Adj. Diluted EPS1 $0.33 Adj. Net Income1 of $46.1M Operating Cash Flow $99.7M FCF1 of $86.5M 1. Adjusted EBITDA, Adjusted Net Income, Adjusted Diluted EPS, and Free Cash Flow are not financial measures determined in accordance with GAAP. For a definition of these metrics and a reconciliation to our most directly comparable financial measure calculated and presented in accordance with GAAP, please see the company's latest filings with the SEC as well as the appendix of this presentation. Laying the Groundwork for Simplified Operations and Sustainable Profit Generation

------

![](earningspresentationq220007.jpg)

7JanusIntl.com Revenue Breakdown by Sales Channel New Construction R3 Commercial • 2Q 2025 revenue of $93.9M down 15.2% year-over year • Volume declines associated with macroeconomic uncertainty • High interest rates impacting customer liquidity • 2Q 2025 revenue of $52.9M down 14.0% year-over year • Declines in retail big-box conversion and expansion activity • Partly offset by increases in door replacement and renovation activity • 2Q 2025 revenue of $81.3M up 6.7% year-over year • Strength in rolling steel doors • Improving demand for carports and sheds • Organic growth of 1.7% $ in millions

------

![](earningspresentationq220008.jpg)

8JanusIntl.com Second Quarter 2025 Revenue and Adj. EBITDA1 Drivers Revenue Adjusted EBITDA 1. Adjusted EBITDA is not a financial measure determined in accordance with GAAP. For a definition of this metric and a reconciliation to our most directly comparable financial measure calculated and presented in accordance with GAAP, please see the Company's latest filings with the SEC as well as the Appendix of this presentation. $ in millions $248.4 $(6.2) $(17.9) $3.8 $228.1 2Q24 Price Volume Acquisition 2Q25 $— $50.0 $100.0 $150.0 $200.0 $250.0 $300.0 $64.5 $(6.2) $(10.0) $0.7 $49.0 2Q24 Price Volume/Mix Other 2Q25 $— $20.0 $40.0 $60.0 $80.0

------

![](earningspresentationq220009.jpg)

9JanusIntl.com Year-to-Date 2025 Revenue and Adj. EBITDA1 Drivers Revenue Adjusted EBITDA 1. Adjusted EBITDA is not a financial measure determined in accordance with GAAP. For a definition of this metric and a reconciliation to our most directly comparable financial measure calculated and presented in accordance with GAAP, please see the Company's latest filings with the SEC as well as the Appendix of this presentation. $ in millions $502.9 $(11.1) $(60.5) $7.3 $438.6 2Q24 Price Volume Acquisition 2Q25 $— $100.0 $200.0 $300.0 $400.0 $500.0 $600.0 $130.8 $(11.1) $(31.3) $(1.0) $87.4 2Q24 Price Volume/Mix Other 2Q25 $— $25.0 $50.0 $75.0 $100.0 $125.0 $150.0

------

![](earningspresentationq220010.jpg)

10JanusIntl.com Strong Balance Sheet & Liquidity Enable Financial Flexibility Balanced Capital Allocation Approach Acquisitions • Track record of identifying, executing, and integrating acquisitions to support strategic growth • Highly accretive M&A strategy Share Repurchases • Announced expanded repurchase authorization up to $75M in 2Q 2025 • Repurchased 1.8M shares for $15.2M YTD 2025 (including commissions and excise taxes) Organic Growth • Invest in key growth initiatives • Further penetrate self-storage market and utilize scale and footprint to increase share in commercial door market • Drive adoption of access control technology through NokēTM Ion platform Debt Repayment • Completed a voluntary prepayment of $40.0 million toward the First Lien Term Loan in 1Q 2025 2 1 3 4 Solid Free Cash Flow1 Generation Strong Net Leverage1 Profile 1. Free Cash Flow, Free Cash Flow Conversion of Adjusted Net Income and Net Leverage are not financial measures determined in accordance with GAAP. For a definition of these metrics and a reconciliation to our most directly comparable financial measure calculated and presented in accordance with GAAP, please see the Company's latest filings with the SEC as well as the Appendix of this presentation.

------

![](earningspresentationq220011.jpg)

11JanusIntl.com Revenue $860M - $890M Adjusted EBITDA1 $175M - $195M Assumption Estimate Depreciation and Amortization $40M - $50M Capital Expenditures2 2.0% - 2.5% of Revenue Interest Expense, net $36M - $40M Effective Tax Rate3 25% - 27% Unmitigated Tariff Impact4 Low Single Digit Millions 1. Adjusted EBITDA is not a financial measure determined in accordance with GAAP. For a definition of this metric and a reconciliation to our most directly comparable financial measure calculated and presented in accordance with GAAP, please see the Company's latest filings with the SEC as well as the Appendix of this presentation. 2. Adjusted from 1.5% -2.0% previously. 3. Adjusted from 27% - 29% previously. 4. For 2025, we estimate that the total potential expense impact related to tariffs will be in the low single digit millions. Beyond 2025, we estimate the potential on-going annual impacts, if unmitigated, to be in the range of $6 to $8 million at the current expected tariff rates. We are working to secure alternative sourcing for components and products that we historically sourced from impacted regions and anticipate that our productivity and commercial actions will offset much of our exposure. 2025 Guidance and Key Planning Assumptions

------

![](earningspresentationq220012.jpg)

12JanusIntl.com Long-Term Fundamentals and Investment Highlights Industry Leader in Well- Structured Market Sustainable Demand Drivers Self-Storage facility demand driven by recurring life events • Dislocation, disaster, divorce, death decluttering, distribution • Elevated occupancy rates drive new capacity additions • Average age of facilities >20 years drives R3 activity Commercial & Other • Rising growth of eCommerce driving conversion of existing brick and mortar to warehousing and distribution Self-Storage (New Construction and R3): • Provider of end-to-end solutions, from early design throughout facility life • On-time delivery, efficient installation, best- in-class service and high-quality products differentiate Janus from competitors • Nokē Smart Entry Systems enhance physical security and automate operational processes Commercial & Other: • Opportunity to increase share in growing market for commercial doors Multi-Faceted Strategy Driving Long-Term Growth Further Penetration of Self-Storage • Leverage differentiated R3 capabilities to target highly fragmented self-storage market Adoption of Access Control Technology • Introduction of Nokē Ion to drive further penetration into self-storage Increase Share in Commercial Market • Leverage scale and footprint to take share in fragmented market Pursue Strategic, Accretive Acquisitions • Continue to execute on strategic M&A to expand product and solutions offering Source: Janus Management and Industry Reports

------

![](earningspresentationq220013.jpg)

13JanusIntl.com Executing Against the Plan for Significant Value1 2.0x - 3.0x75% - 100% Cash Flow Generation (Long-Term Targets) Organic Revenue Growth (Long-Term Targets) • Strong organic growth trajectory • Leveraging end-market growth dynamics • Structural demand for self storage space not dependent on economic cycles • High occupancy rates drive new construction demand • Aging facilities and industry consolidation catalyze renovation (R3) activity • M&A investment provides additional upside to growth targets • Realizing benefits of structural resilience • Commercial actions • Flexible customer contract structuring to capture input cost cyclicality • Operating leverage on higher volume • Operational improvements and technology investments • Continued growth in Nokē contribution to results • Maintain strong conversion of Adjusted Net Income to Free Cash Flow • Tight working capital management • Low levels of maintenance capex • Significant balance sheet capacity enhances strategic flexibility • Maintain ratio within target range of 2.0x – 3.0x • Remain flexible for acquisitions, growth initiatives and value-enhancing investments Margin Expansion (Long-Term Targets) Annual Organic Revenue Growth Adjusted EBITDA2 Margin Free Cash Flow2 Conversion Net Leverage2 4% - 6% 25% - 27% 1. Figures in this slide represent the Company's targets and no guarantee can be provided that these figures or other potential results discussed in this Slide will be achieved. See "Forward-Looking Statements." 2. Adjusted EBITDA, Free Cash Flow Conversion of Adjusted Net Income and Net Leverage are not financial measures determined in accordance with GAAP. For a definition of this metric and a reconciliation to our most directly comparable financial measure calculated and presented in accordance with GAAP, please see the company's latest filings with the SEC.

------

![](earningspresentationq220014.jpg)

14JanusIntl.com APPENDIX

------

![](earningspresentationq220015.jpg)

15JanusIntl.com Adjusted EBITDA Reconciliation\* 1. Restructuring charges consist of the following: 1) facility relocations, 2) severance and hiring costs associated with our strategic transformation, including executive leadership team changes, and 3) strategic business assessment and transformation projects. 2. Expenses or income related to various professional fees, acquisition related compensation, net working capital finalization, legal settlements and various acquisition related activities. 3. Adjustment for loss on extinguishment and modification of debt regarding the write off of unamortized fees and third-party fees as a result of the debt modification completed in April 2024. . (In millions, except percentages) \*Janus uses measures of performance that are not required by or presented in accordance with GAAP in the United States. Non-GAAP financial performance measures are used to supplement the financial information presented on a GAAP basis. These non-GAAP financial measures should not be considered in isolation or as a substitute for the relevant GAAP measures and should be read in conjunction with information presented on a GAAP basis. Three Months Ended Variance June 28, 2025 June 29, 2024 $% Net income $20.7 $27.6 $(6.9) (25.0) % Interest, net 9.1 13.0 (3.9) (30.0) % Income taxes 6.4 9.5 (3.1) (32.6) % Depreciation 3.0 3.0 — — % Amortization 8.2 8.0 0.2 2.5 % EBITDA\* $47.4 $61.1 $(13.7) (22.4) % Restructuring charges (1) 0.8 0.3 0.5 166.7 % Acquisition expense (2) 0.8 1.4 (0.6) (42.9) % Loss on extinguishment and modification of debt (3) — 1.7 (1.7) (100.0) % Adjusted EBITDA\* $49.0 $64.5 $(15.5) (24.0) % Six Months Ended Variance June 28, 2025 June 29, 2024 $% Net income $31.5 $58.3 $(26.8) (46.0) % Interest, net 19.3 27.3 (8.0) (29.3) % Income taxes 11.0 20.0 (9.0) (45.0) % Depreciation 5.9 5.9 — — % Amortization 16.5 15.5 1.0 6.5 % EBITDA\* $84.2 $127.0 $(42.8) (33.7) % Restructuring charges (1) 1.2 0.7 0.5 71.4 % Acquisition expense (2) 1.7 1.4 0.3 21.4 % Loss on extinguishment and modification of debt (3) — 1.7 (1.7) (100.0) % Other 0.3 — 0.3 — % Adjusted EBITDA\* $87.4 $130.8 $(43.4) (33.2) %

------

![](earningspresentationq220016.jpg)

16JanusIntl.com Adjusted Net Income Reconciliation\* (In millions, except percentages) Three Months Ended Six Months Ended June 28, 2025 June 29, 2024 June 28, 2025 June 29, 2024 Net income $20.7 $27.6 $31.5 $58.3 Net Income Adjustments(1) 1.6 3.4 3.2 3.8 Amortization 8.2 8.0 16.5 15.5 Tax Effect on Net Income Adjustments(2) (2.3) (2.9) (5.1) (4.9) Non-GAAP Adjusted Net Income\* $28.2 $36.1 $46.1 $72.7 1. Net Income Adjustments for the three months ended June 28, 2025 include $0.8 of restructuring charges and $0.8 of acquisition expenses. Net Income Adjustments for the six months ended June 28, 2025 include $1.7 of acquisition expenses, $1.2 of restructuring charges and $0.3 of other. Refer to the Adjusted EBITDA table above for further details. 2. The effective tax rates of 23.6% and 25.6% were used for the three months ended June 28, 2025 and June 29, 2024. The effective tax rates of 25.9% and 25.5% were used for the six months ended June 28, 2025 and June 29, 2024. . \*Janus uses measures of performance that are not required by or presented in accordance with GAAP in the United States. Non-GAAP financial performance measures are used to supplement the financial information presented on a GAAP basis. These non-GAAP financial measures should not be considered in isolation or as a substitute for the relevant GAAP measures and should be read in conjunction with information presented on a GAAP basis.

------

![](earningspresentationq220017.jpg)

17JanusIntl.com Non-GAAP Adjusted EPS\* (In millions, except share and per share data) Three Months Ended Six Months Ended June 28, 2025 June 29, 2024 June 28, 2025 June 29, 2024 Numerator: GAAP Net Income 20.7 27.6 31.5 58.3 Non-GAAP Adjusted Net Income\* 28.2 36.1 46.1 72.7 Denominator: Weighted average number of shares: Basic 139,552,809 145,857,673 139,801,720 146,230,907 Adjustment for Dilutive Securities 451,281 577,450 335,572 509,760 Diluted 140,004,090 146,435,123 140,137,292 146,740,667 GAAP Basic EPS $0.15 $0.19 $0.23 $0.40 GAAP Diluted EPS $0.15 $0.19 $0.22 $0.40 Non-GAAP Adjusted Basic EPS\* $0.20 $0.25 $0.33 $0.50 Non-GAAP Adjusted Diluted EPS\* $0.20 $0.25 $0.33 $0.50 \*Janus uses measures of performance that are not required by or presented in accordance with GAAP in the United States. Non-GAAP financial performance measures are used to supplement the financial information presented on a GAAP basis. These non-GAAP financial measures should not be considered in isolation or as a substitute for the relevant GAAP measures and should be read in conjunction with information presented on a GAAP basis.

------

![](earningspresentationq220018.jpg)

18JanusIntl.com Free Cash Flow Conversion\* (In millions, except percentages) Trailing Twelve Months Ended June 28, 2025 June 29, 2024 Cash Flow from Operating Activities $194.1 $178.2 Less: Purchases of property, plant and equipment (23.0) (19.7) Free Cash Flow\* $171.1 $158.5 Non-GAAP Adjusted Net Income\*(1) $81.2 $158.8 Free Cash Flow Conversion of Non-GAAP Adjusted Net Income\* 211 % 100 % Six Months Ended June 28, 2025 June 29, 2024 Cash Flow from Operating Activities $99.7 $59.6 Less: Purchases of property, plant and equipment (13.2) (10.3) Free Cash Flow\* $86.5 $49.3 Non-GAAP Adjusted Net Income\* $46.1 $72.7 Free Cash Flow Conversion of Non-GAAP Adjusted Net Income\* 188 % 68 % \*Janus uses measures of performance that are not required by or presented in accordance with GAAP in the United States. Non-GAAP financial performance measures are used to supplement the financial information presented on a GAAP basis. These non-GAAP financial measures should not be considered in isolation or as a substitute for the relevant GAAP measures and should be read in conjunction with information presented on a GAAP basis. 1. Trailing Twelve-month Adjusted Net Income for the period ended June 28, 2025 consists of the sum of Adjusted Net Income, of $21.8, $13.5, $17.7 and $28.2 for the periods ended September 28, 2024, December 28, 2024, March 29, 2025 and June 28, 2025, respectively. Trailing Twelve-month Adjusted Net Income for the period ended June 29, 2024 consists of the sum of Adjusted Net Income of $44.6, $41.5, $36.6 and $36.1 for the periods ended September 30, 2023, December 30, 2023, March 30, 2024 and June 29, 2024, respectively. Adjusted Net Income for the prior year has been adjusted to conform to the presentation and classifications used in the current year. These adjustments have no effect on our previously reported results.

------

![](earningspresentationq220019.jpg)

19JanusIntl.com Net Leverage Ratio\* (In millions, except ratios) \*Janus uses measures of performance that are not required by or presented in accordance with GAAP in the United States. Non-GAAP financial performance measures are used to supplement the financial information presented on a GAAP basis. These non-GAAP financial measures should not be considered in isolation or as a substitute for the relevant GAAP measures and should be read in conjunction with information presented on a GAAP basis. June 28, 2025 December 28, 2024 Note payable - First Lien $555.5 $598.5 Less: Cash 173.6 149.3 Net Debt\* $381.9 $449.2 Net Income (Trailing Twelve Month periods ended)\*(1) $43.6 $70.4 Adjusted EBITDA (Trailing Twelve Month periods ended)\*(2) $165.1 $208.5 Long-Term Debt to Net Income 12.7 8.5 Non-GAAP Net Leverage Ratio\* 2.3 2.2 1. Trailing Twelve months Net Income for the period ended June 28, 2025 consists of the sum of Net Income as reported in the Company's Quarterly and Annual Reports, as applicable of $11.8, $0.3, $10.8 and $20.7 for the periods ended September 28, 2024, December 28, 2024, March 29, 2025 and June 28, 2025, respectively. Trailing Twelve months Net Income for the period ended December 28, 2024 is Net Income as reported in the Company's Annual Report on Form 10-K for the year ended December 28, 2024. 2. Trailing Twelve months Adjusted EBITDA for the period ended June 28, 2025 consists of the sum of Adjusted EBITDA as reported in the Company's Quarterly or Annual Reports, as applicable of $43.1, $34.6, $38.4 and $49.0 for the three month periods ended September 28, 2024, December 28, 2024, March 29, 2025 and June 28, 2025, respectively. Trailing Twelve month Adjusted EBITDA for the period ended December 28, 2024 is Adjusted EBITDA as reported in the Company's Annual Report on Form 10-K for the year ended December 28, 2024.

------