| Segments Information |
Segments Information The Company operates its business and reports its results through two reportable segments: Janus North America and Janus International, in accordance with ASC Topic 280, Segment Reporting. The Janus International segment is comprised of JIE, with its production and sales located largely in Europe. The Janus North America segment is comprised of all the other entities including Janus Core, BETCO, NOKE, ASTA, DBCI, ACT, Janus Door, U.S. Door, Steel Door Depot, Janus Canada and Terminal Door.
Summarized financial information for the Company’s segments is shown in the following tables:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(dollar amounts in millions) |
Three Months Ended |
|
Nine Months Ended |
|
September 28, 2024 |
|
September 30, 2023 |
|
September 28, 2024 |
|
September 30, 2023 |
| Revenue |
|
|
|
|
|
|
|
| Janus North America |
$ |
209.1 |
|
|
$ |
260.5 |
|
|
$ |
680.3 |
|
|
$ |
740.6 |
|
| Janus International |
21.3 |
|
|
20.4 |
|
|
54.1 |
|
|
63.2 |
|
| Intersegment eliminations |
(0.3) |
|
|
(0.8) |
|
|
(1.4) |
|
|
(1.2) |
|
| Consolidated Revenue |
$ |
230.1 |
|
|
$ |
280.1 |
|
|
$ |
733.0 |
|
|
$ |
802.6 |
|
| Income From Operations |
|
|
|
|
|
|
|
| Janus North America |
$ |
25.7 |
|
|
$ |
64.6 |
|
|
$ |
132.8 |
|
|
$ |
174.8 |
|
| Janus International |
1.0 |
|
|
1.9 |
|
|
1.0 |
|
|
7.0 |
|
| Total Segment Operating Income |
$ |
26.7 |
|
|
$ |
66.5 |
|
|
$ |
133.8 |
|
|
$ |
181.8 |
|
| Depreciation Expense |
|
|
|
|
|
|
|
| Janus North America |
$ |
2.7 |
|
|
$ |
2.0 |
|
|
$ |
8.0 |
|
|
$ |
5.9 |
|
| Janus International |
0.3 |
|
|
0.2 |
|
|
0.9 |
|
|
0.7 |
|
| Consolidated Depreciation Expense |
$ |
3.0 |
|
|
$ |
2.2 |
|
|
$ |
8.9 |
|
|
$ |
6.6 |
|
| Amortization of Intangible Assets |
|
|
|
|
|
|
|
| Janus North America |
$ |
7.9 |
|
|
$ |
7.1 |
|
|
$ |
22.6 |
|
|
$ |
21.3 |
|
| Janus International |
0.3 |
|
|
0.3 |
|
|
1.1 |
|
|
1.0 |
|
| Consolidated Amortization Expense |
$ |
8.2 |
|
|
$ |
7.4 |
|
|
$ |
23.7 |
|
|
$ |
22.3 |
|
Purchases of property, plant, and equipment |
|
|
|
|
|
|
|
| Janus North America |
$ |
3.7 |
|
|
$ |
3.8 |
|
|
$ |
11.1 |
|
|
$ |
12.1 |
|
| Janus International |
0.2 |
|
|
0.1 |
|
|
3.1 |
|
|
1.4 |
|
Consolidated purchases of property, plant, and equipment |
$ |
3.9 |
|
|
$ |
3.9 |
|
|
$ |
14.2 |
|
|
$ |
13.5 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 28, 2024 |
|
December 30, 2023 |
Property, Plant, and Equipment, Net |
|
|
|
| Janus North America |
$ |
49.7 |
|
|
$ |
46.3 |
|
| Janus International |
8.7 |
|
6.1 |
Consolidated Property, Plant, and Equipment, Net |
$ |
58.4 |
|
|
$ |
52.4 |
|
| Identifiable Assets |
|
|
|
| Janus North America |
$ |
1,272.7 |
|
|
$ |
1,328.7 |
|
| Janus International |
71.6 |
|
|
70.0 |
|
| Intersegment Eliminations |
(49.3) |
|
|
(48.7) |
|
| Consolidated Assets |
$ |
1,295.0 |
|
|
$ |
1,350.0 |
|
Assets held at foreign locations were approximately $74.5 and $70.5 as of September 28, 2024 and December 30, 2023, respectively. Revenues earned at foreign locations totaled approximately $21.3 and $20.4 for the three month periods ended September 28, 2024 and September 30, 2023, respectively, and $54.1 and $63.2 for the nine month periods ended September 28, 2024 and September 30, 2023, respectively.
|