| Revenue Recognition Contract balances as of June 28, 2025 and December 28, 2024 were as follows:
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(dollar amounts in millions) |
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Revenues in excess of billings at June 28, 2025 |
$ |
17.6 |
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Unbilled receivables at June 28, 2025 |
11.3 |
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Contract assets at June 28, 2025 |
$ |
28.9
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|
|
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Revenues in excess of billings at December 28, 2024 |
$ |
16.2 |
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Unbilled receivables at December 28, 2024 |
7.0 |
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Contract assets at December 28, 2024 |
$ |
23.2
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|
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Contract liabilities at June 28, 2025 |
$ |
16.4 |
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Contract liabilities at December 28, 2024 |
$ |
17.9 |
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During the three and six months ended June 28, 2025, we recognized revenue of approximately $3.6 and $12.6, respectively related to contract liabilities at December 28, 2024.
Disaggregation of Revenue
The principal categories we use to disaggregate revenues are by timing and sales channel of revenue recognition. The following disaggregation of revenues depicts our reportable segment revenues by timing and sales channel of revenue recognition for the periods presented:
Revenue by Timing of Revenue Recognition
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(dollar amounts in millions) |
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Three Months Ended |
|
Six Months Ended |
Reportable Segments by Timing of Revenue Recognition |
|
June 28, 2025 |
|
June 29, 2024 |
|
June 28, 2025 |
|
June 29, 2024 |
Janus North America |
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|
|
|
|
|
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| Product revenues transferred at a point in time |
|
$ |
150.1 |
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|
$ |
168.8 |
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|
$ |
293.2 |
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|
$ |
343.0 |
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| Product revenues transferred over time |
|
13.1 |
|
|
26.6 |
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|
26.0 |
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|
59.3 |
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| Service revenues transferred over time |
|
37.1 |
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|
35.4 |
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|
71.8 |
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|
69.0 |
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|
|
$ |
200.3 |
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|
$ |
230.8 |
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|
$ |
391.0 |
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|
$ |
471.3 |
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Janus International |
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| Product revenues transferred at a point in time |
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$ |
15.5 |
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|
$ |
10.8 |
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|
$ |
27.2 |
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|
$ |
19.8 |
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| Service revenues transferred over time |
|
12.9 |
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|
7.2 |
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|
22.4 |
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|
12.9 |
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|
$ |
28.4 |
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|
$ |
18.0 |
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|
$ |
49.6 |
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|
$ |
32.7 |
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| Eliminations |
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(0.6) |
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|
(0.4) |
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|
(2.0) |
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|
(1.1) |
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Total revenue |
|
$ |
228.1
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|
|
$ |
248.4
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|
|
$ |
438.6
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|
|
$ |
502.9
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Revenue by Sales Channel
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(dollar amounts in millions) |
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Three Months Ended |
|
Six Months Ended |
Reportable Segments by Sales Channel Revenue Recognition |
|
June 28, 2025 |
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June 29, 2024 |
|
June 28, 2025 |
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June 29, 2024 |
Janus North America |
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Self-storage - new construction |
|
$ |
68.8 |
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|
$ |
95.5 |
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|
$ |
132.6 |
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|
$ |
199.7 |
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Self-storage - R3 |
|
49.6 |
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|
58.7 |
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|
108.0 |
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|
127.0 |
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Commercial and others |
|
81.9 |
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|
76.6 |
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|
150.4 |
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|
144.6 |
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$ |
200.3 |
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|
$ |
230.8 |
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|
$ |
391.0 |
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$ |
471.3 |
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Janus International |
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Self-storage - new construction |
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$ |
25.1 |
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$ |
15.2 |
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$ |
45.0 |
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$ |
27.6 |
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Self-storage - R3 |
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3.3 |
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2.8 |
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4.6 |
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5.1 |
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$ |
28.4 |
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$ |
18.0 |
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|
$ |
49.6 |
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|
$ |
32.7 |
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| Eliminations |
|
(0.6) |
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|
(0.4) |
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(2.0) |
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|
(1.1) |
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Total revenue |
|
$ |
228.1
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|
|
$ |
248.4
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|
|
$ |
438.6
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|
|
$ |
502.9
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