Quarterly report [Sections 13 or 15(d)]

Segments Information (Tables)

v3.25.2
Segments Information (Tables)
 6 Months Ended
Jun. 28, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following table presents segment revenue, gross profit, and adjusted EBITDA for the periods presented:
(dollar amounts in millions) Janus North America Janus International Intersegment eliminations Total
Three months ended June 28, 2025
Revenues $ 200.3  $ 28.4  $ (0.6) $ 228.1 
Cost of revenues 115.0  20.5  (0.6) 134.9 
          Gross profit $ 85.3  $ 7.9  $ —  $ 93.2 
Other segment items (1)
(40.5) (3.7) —  (44.2)
  Adjusted EBITDA* $ 44.8  $ 4.2  $ —  $ 49.0 

(dollar amounts in millions) Janus North America Janus International Intersegment eliminations Total
Three months ended June 29, 2024
Revenues $ 230.8  $ 18.0  $ (0.4) $ 248.4 
Cost of revenues
 126.7  13.1  (0.4) 139.4 
          Gross profit $ 104.1  $ 4.9  $ —  $ 109.0 
Other segment items (1)
(41.3) (3.2) —  (44.5)
  Adjusted EBITDA* $ 62.8  $ 1.7  $ —  $ 64.5 

(dollar amounts in millions) Janus North America Janus International Intersegment eliminations Total
Six months ended June 28, 2025
Revenues $ 391.0  $ 49.6  $ (2.0) $ 438.6 
Cost of revenues 228.3  37.2  (2.0) 263.5 
          Gross profit $ 162.7  $ 12.4  $ —  $ 175.1 
Other segment items (1)
(81.0) (6.7) —  (87.7)
  Adjusted EBITDA* $ 81.7  $ 5.7  $ —  $ 87.4 
(dollar amounts in millions) Janus North America Janus International Intersegment eliminations Total
Six months ended June 29, 2024
Revenues $ 471.3  32.7  (1.1) $ 502.9 
Cost of revenues
 260.1  24.5  (1.1) 283.5 
          Gross profit $ 211.2  $ 8.2  $ —  $ 219.4 
Other segment items (1)
(82.2) (6.4) —  (88.6)
  Adjusted EBITDA* $ 129.0  $ 1.8  $ —  $ 130.8 
(1) Other segment items included in adjusted EBITDA primarily include selling and marketing expense, general and administrative expense, depreciation and amortization.

The following table presents a reconciliation of reportable segment net income to adjusted EBITDA for the periods presented:

Three Months Ended Six Months Ended
(dollar amounts in millions) June 28, 2025 June 29, 2024 June 28, 2025 June 29, 2024
Consolidated reconciliation
Net income
$ 20.7  $ 27.6  $ 31.5  $ 58.3 
Interest, net 9.1  13.0  19.3  27.3 
Income taxes
 6.4  9.5  11.0  20.0 
Depreciation and amortization
11.2  11.0  22.4  21.4 
Restructuring & other adjusted EBITDA adjustments
1.6  3.4  3.2  3.8 
Adjusted EBITDA* $ 49.0  $ 64.5  $ 87.4  $ 130.8 
* 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.

Segment information for the periods presented are as follows:
Three Months Ended Six Months Ended
(dollar amounts in millions)
 June 28, 2025 June 29, 2024 June 28, 2025 June 29, 2024
Depreciation expense - cost of revenues
Janus North America $ 1.8  $ 1.6  $ 3.5  $ 3.3 
Janus International 0.3  0.2  0.6  0.4 
Consolidated depreciation expense - cost of revenues $ 2.1  $ 1.8  $ 4.1  $ 3.7 
Depreciation expense - operating expenses
Janus North America $ 0.8  $ 1.1  $ 1.6  $ 2.0 
Janus International 0.1  0.1  0.2  0.2 
Consolidated depreciation expense - operating expenses $ 0.9  $ 1.2  $ 1.8  $ 2.2 
Amortization of intangible assets
Janus North America $ 7.9  $ 7.5  $ 15.9  $ 14.6 
Janus International 0.3  0.5  0.6  . 0.9 
Consolidated amortization expense
 $ 8.2  $ 8.0  $ 16.5  $ 15.5 
Purchases of property, plant, and equipment
Janus North America $ 6.2  $ 3.8  $ 12.9  $ 7.4 
Janus International 0.3  1.9  0.3  2.9 
Consolidated purchases of property, plant, and equipment
 $ 6.5  $ 5.7  $ 13.2  $ 10.3 
(dollar amounts in millions) Janus North America Janus International Intersegment eliminations Total
Three months ended June 28, 2025
Product revenues $ 163.2  $ 15.5  $ (0.6) $ 178.1 
Service revenues 37.1  12.9  —  $ 50.0 
Total revenues $ 200.3  $ 28.4  $ (0.6) $ 228.1 
Three months ended June 29, 2024
Product revenues $ 195.4  $ 10.8  $ (0.4) $ 205.8 
Service revenues 35.4  7.2  —  $ 42.6 
Total revenues $ 230.8  $ 18.0  $ (0.4) $ 248.4 
(dollar amounts in millions) Janus North America Janus International Intersegment eliminations Total
Six months ended June 28, 2025
Product revenues $ 319.2  $ 27.2  $ (2.0) $ 344.4 
Service revenues 71.8  22.4  —  $ 94.2 
Total revenues $ 391.0  $ 49.6  $ (2.0) $ 438.6 
Six months ended June 29, 2024
Product revenues $ 402.3  $ 19.8  $ (1.1) $ 420.9 
Service revenues 69.0  12.9  —  $ 82.0 
Total revenues $ 471.3  $ 32.7  $ (1.1) $ 502.9 
Three Months Ended Six Months Ended
(dollar amounts in millions)
 June 28, 2025 June 29, 2024 June 28, 2025 June 29, 2024
Revenues by country
United States $ 197.5  $ 230.8  $ 388.2  $ 471.3 
Other 32.5  18.0  54.0  32.7 
Eliminations (1.9) (0.4) (3.6) (1.1)
Total revenues
 $ 228.1  $ 248.4  $ 438.6  $ 502.9 
Segment information as of the periods presented are as follows:
(dollar amounts in millions)
 June 28, 2025 December 28, 2024
Identifiable assets
Janus North America $ 1,223.3  $ 1,234.6 
Janus International 79.2  66.7 
Consolidated identifiable assets $ 1,302.5  $ 1,301.3 
Property, plant, and equipment, net
Janus North America $ 56.7  $ 49.0 
Janus International 8.4  7.8 
Consolidated property, plant, and equipment, net
 $ 65.1  $ 56.8 
(dollar amounts in millions)
 June 28, 2025 December 28, 2024
Long-lived assets (1)
United States $ 450.0  $ 459.9 
Other
 31.8  30.1 
Total long-lived assets
$ 481.8  $ 490.0 
(1) Our long-lived assets consist primarily of intangible assets, net, right-of-use assets, net, and property, plant, and equipment, net.