| Schedule of Segment Reporting Information, by Segment |
Summarized financial information for the Company’s segments is shown in the following tables:
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| (dollar amounts in millions) |
Janus North America |
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Janus International |
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Intersegment eliminations |
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Total |
Year ended December 28, 2024 |
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| Revenues |
$ |
892.6 |
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$ |
73.6 |
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$ |
(2.4) |
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$ |
963.8 |
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| Cost of revenues |
512.8 |
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|
55.6 |
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(2.4) |
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566.0 |
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| Gross profit |
$ |
379.8 |
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$ |
18.0 |
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$ |
397.8 |
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Other segment items (1)
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(173.5) |
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(15.8) |
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(189.3) |
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| Adjusted EBITDA |
$ |
206.3
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2.2 |
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$ |
208.5
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| (dollar amounts in millions) |
Janus North America |
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Janus International |
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Intersegment eliminations |
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Total |
Year ended December 30, 2023 |
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Revenues |
$ |
985.7 |
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$ |
82.3 |
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$ |
(1.6) |
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$ |
1,066.4 |
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Cost of revenues |
560.2 |
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58.1 |
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(1.6) |
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616.7 |
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| Gross profit |
$ |
425.5 |
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$ |
24.2 |
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$ |
449.7 |
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Other segment items (1)
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(149.7) |
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(14.4) |
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(164.1) |
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Adjusted EBITDA |
$ |
275.8
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9.8 |
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$ |
285.6
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| (dollar amounts in millions) |
Janus North America |
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Janus International |
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Intersegment eliminations |
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Total |
Year ended December 31, 2022 |
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Revenues |
$ |
945.8 |
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$ |
75.5 |
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$ |
(1.8) |
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$ |
1,019.5 |
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| Cost of revenues |
600.5 |
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|
55.9 |
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(1.8) |
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654.6 |
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| Gross profit |
$ |
345.3 |
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$ |
19.6 |
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$ |
364.9 |
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Other segment items (1)
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(125.1) |
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(12.9) |
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(138.0) |
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Adjusted EBITDA |
$ |
220.2
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6.7 |
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$ |
226.9
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(1) Other segment items included in Adjusted EBITDA primarily include selling and marketing expense, general and administrative expense, and depreciation and amortization expense.
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(dollar amounts in millions) |
Year Ended |
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December 28, 2024 |
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December 30, 2023 |
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December 31, 2022 |
Consolidated Reconciliation |
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Net Income |
$ |
70.4 |
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$ |
135.7 |
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$ |
107.7 |
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Interest Expense |
49.6 |
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60.0 |
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|
42.0 |
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Income Taxes |
29.9 |
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|
47.1 |
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37.6 |
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Depreciation and Amortization |
44.0 |
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|
39.1 |
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37.6 |
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Restructuring & other Adjusted EBITDA adjustments |
14.6 |
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|
3.7 |
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2.0 |
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| Adjusted EBITDA |
$ |
208.5 |
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$ |
285.6 |
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$ |
226.9 |
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(dollar amounts in millions) |
Year Ended |
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December 28, 2024 |
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December 30, 2023 |
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December 31, 2022 |
| Depreciation expense - cost of revenues |
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| Janus North America |
$ |
6.9 |
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$ |
6.3 |
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$ |
5.2 |
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| Janus International |
0.9 |
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0.6 |
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0.5 |
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| Consolidated depreciation expense - cost of revenues |
$ |
7.8 |
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$ |
6.9 |
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$ |
5.7 |
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| Depreciation expense - operating expenses |
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| Janus North America |
$ |
3.8 |
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$ |
2.0 |
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$ |
1.9 |
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| Janus International |
0.4 |
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0.4 |
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0.3 |
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| Consolidated depreciation expense - operating expenses |
$ |
4.2 |
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$ |
2.4 |
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$ |
2.2 |
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| Amortization of intangible assets |
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| Janus North America |
$ |
30.5 |
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$ |
28.4 |
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$ |
28.4 |
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| Janus International |
1.5 |
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1.4 |
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1.3 |
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| Consolidated amortization expense |
$ |
32.0 |
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$ |
29.8 |
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$ |
29.7 |
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| Purchases of property, plant and equipment |
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| Janus North America |
$ |
17.2 |
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$ |
15.4 |
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$ |
7.7 |
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| Janus International |
3.2 |
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3.6 |
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1.1 |
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| Consolidated purchases of property, plant and equipment |
$ |
20.4 |
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$ |
19.0 |
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$ |
8.8 |
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December 28, 2024 |
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December 30, 2023 |
Identifiable assets |
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| Janus North America |
$ |
1,234.6 |
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$ |
1,280.0 |
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| Janus International |
66.7 |
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70.0 |
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Consolidated assets |
$ |
1,301.3 |
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$ |
1,350.0 |
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| Property, plant and equipment, net |
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| Janus North America |
$ |
49.0 |
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$ |
46.3 |
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| Janus International |
7.8 |
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6.1 |
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| Consolidated property, plant and equipment, net |
$ |
56.8 |
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$ |
52.4 |
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December 28, 2024 |
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December 30, 2023 |
Long-lived assets(1)
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| United States |
$ |
459.9 |
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$ |
449.4 |
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Other |
30.1 |
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29.2 |
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Total long-lived assets |
$ |
490.0 |
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$ |
478.6 |
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(1)The Company’s long-lived assets consist primarily of intangible assets, net, right-of-use assets, net, and property, plant and equipment, net.
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December 28, 2024 |
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December 30, 2023 |
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December 31, 2022 |
Revenues by country |
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| United States |
$ |
885.6 |
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$ |
979.4 |
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$ |
939.9 |
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| Other |
80.6 |
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|
88.6 |
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|
81.4 |
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| Eliminations |
(2.4) |
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|
(1.6) |
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|
(1.8) |
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Total revenues |
$ |
963.8 |
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$ |
1,066.4 |
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$ |
1,019.5 |
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| (dollar amounts in millions) |
Janus North America |
|
Janus International |
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Intersegment eliminations |
|
Total |
Year ended December 28, 2024 |
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| Product revenues |
$ |
738.6 |
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$ |
43.2 |
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$ |
(2.4) |
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$ |
779.4 |
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| Service revenues |
154.0 |
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|
30.4 |
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— |
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$ |
184.4 |
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| Total revenues |
$ |
892.6 |
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$ |
73.6 |
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$ |
963.8 |
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Year ended December 30, 2023 |
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| Product revenues |
$ |
865.1 |
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$ |
46.3 |
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$ |
(1.6) |
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$ |
909.8 |
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| Service revenues |
120.6 |
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|
36.0 |
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$ |
156.6 |
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| Total revenues |
$ |
985.7 |
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$ |
82.3 |
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$ |
1,066.4 |
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Year ended December 31, 2022 |
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| Product revenues |
$ |
849.3 |
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$ |
43.4 |
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$ |
(1.8) |
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$ |
890.9 |
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| Service revenues |
96.5 |
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|
32.1 |
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$ |
128.6 |
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| Total revenues |
$ |
945.8 |
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$ |
75.5 |
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$ |
1,019.5 |
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