Quarterly report [Sections 13 or 15(d)]

Segments Information (Tables)

v3.26.3
Segments Information (Tables)
 9 Months Ended
Oct. 03, 2026
Segment Reporting [Abstract]  
Schedule of Segment Reporting
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 October 3, 2026
Revenues $ 183.4  $ 30.0  $ (0.3) $ 213.1 
Cost of revenues 120.9  22.0  (0.3) 142.6 
Gross profit $ 62.5  $ 8.0  $ —  $ 70.5 
Other segment items (1)
(32.5) (4.0) —  (36.5)
Adjusted EBITDA* $ 30.0  $ 4.0  $ —  $ 34.0 
(dollar amounts in millions) Janus North
America		 Janus
International		 Intersegment
eliminations		 Total
Three months ended September 27, 2025
Revenues $ 191.8  $ 28.3  $ (0.8) $ 219.3 
Cost of revenues 113.5  20.9  (0.8) 133.6 
Gross profit $ 78.3  $ 7.4  $ —  $ 85.7 
Other segment items (1)
(37.4) (4.7) —  (42.1)
Adjusted EBITDA* $ 40.9  $ 2.7  $ —  $ 43.6 
(dollar amounts in millions) Janus North
America		 Janus
International		 Intersegment
eliminations		 Total
Nine months ended October 3, 2026
Revenues $ 582.2  $ 88.4  $ (1.3) $ 669.3 
Cost of revenues 377.7  66.9  (1.3) 443.3 
Gross profit $ 204.5  $ 21.5  $ —  $ 226.0 
Other segment items (1)
(106.6) (12.2) —  (118.8)
Adjusted EBITDA* $ 97.9  $ 9.3  $ —  $ 107.2 
(dollar amounts in millions) Janus North
America		 Janus
International		 Intersegment
eliminations		 Total
Nine months ended September 27, 2025
Revenues $ 582.8  $ 77.9  $ (2.8) $ 657.9 
Cost of revenues 341.8  58.1  (2.8) 397.1 
Gross profit $ 241.0  $ 19.8  $ —  $ 260.8 
Other segment items (1)
(118.4) (11.4) —  (129.8)
Adjusted EBITDA* $ 122.6  $ 8.4  $ —  $ 131.0 
(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 (loss) income to Adjusted EBITDA for the periods presented:

Three Months Ended Nine Months Ended
(dollar amounts in millions) October 3, 2026 September 27, 2025 October 3, 2026 September 27, 2025
Consolidated reconciliation
Net (loss) income $ (13.3) $ 15.2  $ (2.4) $ 46.7 
Interest, net 8.0  8.7  23.5  28.0 
Income taxes (0.3) 6.1  4.4  17.1 
Depreciation and amortization 18.7  11.5  49.9  33.9 
Impairment of goodwill and intangible assets 18.3  —  18.3  — 
Restructuring & other Adjusted EBITDA adjustments 2.6  2.1  13.5  5.3 
Adjusted EBITDA* $ 34.0  $ 43.6  $ 107.2  $ 131.0 
* 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 Nine Months Ended
(dollar amounts in millions) October 3, 2026 September 27, 2025 October 3, 2026 September 27, 2025
Depreciation expense - cost of revenues
Janus North America $ 1.9  $ 2.0  $ 6.0  $ 5.5 
Janus International 0.4  0.3  1.2  0.9 
Consolidated depreciation expense - cost of revenues $ 2.3  $ 2.3  $ 7.2  $ 6.4 
Depreciation expense - operating expenses
Janus North America $ 1.2  $ 0.8  $ 3.4  $ 2.4 
Janus International 0.1  0.1  0.2  0.3 
Consolidated depreciation expense - operating expenses $ 1.3  $ 0.9  $ 3.6  $ 2.7 
Amortization of intangible assets
Janus North America $ 14.7  $ 8.0  $ 38.1  $ 23.9 
Janus International 0.4  0.3  1.0  0.9 
Consolidated amortization expense $ 15.1  $ 8.3  $ 39.1  $ 24.8 
Purchases of property, plant, and equipment
Janus North America $ 2.2  $ 6.5  $ 7.6  $ 19.4 
Janus International 0.3  0.2  0.5  0.5 
Consolidated purchases of property, plant, and equipment $ 2.5  $ 6.7  $ 8.1  $ 19.9 

(dollar amounts in millions) Janus North
America		 Janus
International 		Intersegment
eliminations		 Total
Three months ended October 3, 2026
Product revenues $ 149.4  $ 29.6  $ (0.3) $ 178.7 
Service revenues 34.0  0.4  —  $ 34.4 
Total revenues $ 183.4  $ 30.0  $ (0.3) $ 213.1 
Three months ended September 27, 2025
Product revenues $ 159.5  $ 28.1  $ (0.8) $ 186.8 
Service revenues 32.3  0.2  —  $ 32.5 
Total revenues $ 191.8  $ 28.3  $ (0.8) $ 219.3 
(dollar amounts in millions) Janus North
America		 Janus
International		 Intersegment
eliminations		 Total
Nine months ended October 3, 2026
Product revenues $ 479.3  $ 87.4  $ (1.3) $ 565.4 
Service revenues 102.9  1.0  —  $ 103.9 
Total revenues $ 582.2  $ 88.4  $ (1.3) $ 669.3 
Nine months ended September 27, 2025
Product revenues $ 478.7  $ 77.5  $ (2.8) $ 553.4 
Service revenues 104.1  0.4  —  $ 104.5 
Total revenues $ 582.8  $ 77.9  $ (2.8) $ 657.9 

Segment information as of the periods presented is as follows:

(dollar amounts in millions)
 October 3, 2026 January 3, 2026
Identifiable assets
Janus North America $ 1,166.0  $ 1,231.7 
Janus International 75.9  73.3 
Consolidated identifiable assets $ 1,241.9  $ 1,305.0