|
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 April 4, 2026 |
|
|
|
|
|
|
|
| Revenues |
$ |
195.9 |
|
|
$ |
27.3 |
|
|
$ |
(0.5) |
|
|
$ |
222.7 |
|
| Cost of revenues |
126.2 |
|
|
21.8 |
|
|
(0.5) |
|
|
147.5 |
|
| Gross profit |
$ |
69.7 |
|
|
$ |
5.5 |
|
|
$ |
— |
|
|
$ |
75.2 |
|
Other segment items (1)
|
(38.2) |
|
|
(4.0) |
|
|
— |
|
|
(42.2) |
|
| Adjusted EBITDA* |
$ |
31.5
|
|
|
$ |
1.5
|
|
|
$ |
—
|
|
|
$ |
33.0
|
|
|
|
|
|
|
|
|
|
| (dollar amounts in millions) |
Janus North
America |
|
Janus
International |
|
Intersegment
eliminations |
|
Total |
Three months ended March 29, 2025 |
|
|
|
|
|
|
|
| Revenues |
$ |
190.7 |
|
|
$ |
21.2 |
|
|
$ |
(1.4) |
|
|
$ |
210.5 |
|
| Cost of revenues |
113.3 |
|
|
16.7 |
|
|
(1.4) |
|
|
128.6 |
|
| Gross profit |
$ |
77.4 |
|
|
$ |
4.5 |
|
|
$ |
— |
|
|
$ |
81.9 |
|
Other segment items (1)
|
(40.5) |
|
|
(3.0) |
|
|
— |
|
|
(43.5) |
|
| Adjusted EBITDA* |
$ |
36.9
|
|
|
$ |
1.5
|
|
|
$ |
—
|
|
|
$ |
38.4
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1)Other segment items included in Adjusted EBITDA primarily include selling and marketing expense and general and administrative expense.
* We use 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 following table presents a reconciliation of reportable segment net income to Adjusted EBITDA for the periods presented:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
| (dollar amounts in millions) |
|
|
|
|
April 4, 2026 |
|
March 29, 2025 |
|
|
| Consolidated reconciliation |
|
|
|
|
|
|
|
|
|
| Net income |
|
|
|
|
$ |
0.2 |
|
|
$ |
10.8 |
|
|
|
| Interest, net |
|
|
|
|
8.1 |
|
|
10.2 |
|
|
|
| Income taxes |
|
|
|
|
2.3 |
|
|
4.6 |
|
|
|
| Depreciation and amortization |
|
|
|
|
15.6 |
|
|
11.2 |
|
|
|
| Restructuring & other Adjusted EBITDA adjustments |
|
|
|
|
6.8 |
|
|
1.6 |
|
|
|
| Adjusted EBITDA* |
|
|
|
|
$ |
33.0
|
|
|
$ |
38.4
|
|
|
|
* We use 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 is as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
| (dollar amounts in millions) |
|
|
|
|
April 4, 2026 |
|
March 29, 2025 |
|
|
| Depreciation expense - cost of revenues |
|
|
|
|
|
|
|
|
|
| Janus North America |
|
|
|
|
$ |
2.0 |
|
|
$ |
1.7 |
|
|
|
| Janus International |
|
|
|
|
0.4 |
|
|
0.3 |
|
|
|
| Consolidated depreciation expense - cost of revenues |
|
|
|
|
$ |
2.4
|
|
|
$ |
2.0
|
|
|
|
| Depreciation expense - operating expenses |
|
|
|
|
|
|
|
|
|
| Janus North America |
|
|
|
|
$ |
1.1 |
|
|
$ |
0.8 |
|
|
|
| Janus International |
|
|
|
|
0.1 |
|
|
0.1 |
|
|
|
| Consolidated depreciation expense - operating expenses |
|
|
|
|
$ |
1.2
|
|
|
$ |
0.9
|
|
|
|
| Amortization of intangible assets |
|
|
|
|
|
|
|
|
|
| Janus North America |
|
|
|
|
$ |
11.7 |
|
|
$ |
8.0 |
|
|
|
| Janus International |
|
|
|
|
0.3 |
|
|
0.3 |
|
|
|
| Consolidated amortization expense |
|
|
|
|
$ |
12.0
|
|
|
$ |
8.3
|
|
|
|
| Purchases of property, plant, and equipment |
|
|
|
|
|
|
|
|
|
| Janus North America |
|
|
|
|
$ |
2.7 |
|
|
$ |
6.7 |
|
|
|
| Janus International |
|
|
|
|
0.1 |
|
|
0.2 |
|
|
|
| Consolidated purchases of property, plant, and equipment |
|
|
|
|
$ |
2.8
|
|
|
$ |
6.9
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (dollar amounts in millions) |
Janus North
America |
|
Janus
International |
|
Intersegment
eliminations |
|
Total |
Three months ended April 4, 2026 |
|
|
|
|
|
|
|
| Product revenues |
$ |
162.2 |
|
|
$ |
27.1 |
|
|
$ |
(0.5) |
|
|
$ |
188.8 |
|
| Service revenues |
33.7 |
|
|
0.2 |
|
|
— |
|
|
$ |
33.9 |
|
| Total revenues |
$ |
195.9
|
|
|
$ |
27.3
|
|
|
$ |
(0.5) |
|
|
$ |
222.7
|
|
Three months ended March 29, 2025 |
|
|
|
|
|
|
|
| Product revenues |
$ |
156.0 |
|
|
$ |
21.1 |
|
|
$ |
(1.4) |
|
|
$ |
175.7 |
|
| Service revenues |
34.7 |
|
|
0.1 |
|
|
— |
|
|
$ |
34.8 |
|
| Total revenues |
$ |
190.7
|
|
|
$ |
21.2
|
|
|
$ |
(1.4) |
|
|
$ |
210.5
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment information as of the periods presented is as follows:
|
|
|
|
|
|
|
|
|
|
|
|
(dollar amounts in millions) |
April 4, 2026 |
|
January 3, 2026 |
Identifiable assets |
|
|
|
| Janus North America |
$ |
1,233.7 |
|
|
$ |
1,231.7 |
|
| Janus International |
75.4 |
|
|
73.3 |
|
| Consolidated identifiable assets |
$ |
1,309.1
|
|
|
$ |
1,305.0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|