| Schedule of Segment Reporting Information, by Segment |
The following table presents segment revenue, gross profit, and adjusted EBITDA for the periods presented:
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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 |
Three months ended March 29, 2025 |
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| Revenues |
$ |
190.7 |
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$ |
21.2 |
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$ |
(1.4) |
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$ |
210.5 |
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| Cost of revenues |
113.3 |
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16.7 |
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(1.4) |
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128.6 |
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| Gross profit |
$ |
77.4 |
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$ |
4.5 |
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$ |
— |
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$ |
81.9 |
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Other segment items (1)
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(40.5) |
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(3.0) |
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— |
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(43.5) |
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| Adjusted EBITDA |
$ |
36.9
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$ |
1.5
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$ |
—
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$ |
38.4
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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 |
Three months ended March 30, 2024 |
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| Revenues |
$ |
240.5 |
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$ |
14.7 |
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$ |
(0.7) |
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$ |
254.5 |
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Cost of revenues |
133.5 |
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11.3 |
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(0.7) |
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144.1 |
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| Gross profit |
$ |
107.0 |
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$ |
3.4 |
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$ |
— |
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$ |
110.4 |
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Other segment items (1)
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(40.8) |
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(3.3) |
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— |
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(44.1) |
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Adjusted EBITDA |
$ |
66.2
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$ |
0.1
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$ |
—
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$ |
66.3
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(1) Other segment items included in adjusted EBITDA primarily include selling and marketing expense, general and administrative expense and depreciation.
The following table presents a reconciliation of reportable segment adjusted EBITDA to net income:
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Three Months Ended |
| (dollar amounts in millions) |
March 29, 2025 |
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March 30, 2024 |
Consolidated reconciliation |
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Net income |
$ |
10.8 |
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$ |
30.7 |
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| Interest, net |
10.2 |
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14.4 |
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Income taxes |
4.6 |
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10.5 |
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Depreciation and amortization |
11.2 |
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10.2 |
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Restructuring & other adjusted EBITDA adjustments |
1.6 |
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0.5 |
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| Adjusted EBITDA |
$ |
38.4 |
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$ |
66.3 |
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Segment information for the three month periods ended March 29, 2025 and March 30, 2024 are as follows:
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Three Months Ended |
(dollar amounts in millions) |
March 29, 2025 |
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March 30, 2024 |
| Depreciation expense - cost of revenues |
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| Janus North America |
$ |
1.7 |
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$ |
1.6 |
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| Janus International |
0.3 |
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0.2 |
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| Consolidated depreciation expense - cost of revenues |
$ |
2.0 |
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$ |
1.8 |
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| Depreciation expense - operating expenses |
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| Janus North America |
$ |
0.8 |
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$ |
0.9 |
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| Janus International |
0.1 |
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0.1 |
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| Consolidated depreciation expense - operating expenses |
$ |
0.9 |
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$ |
1.0 |
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Amortization of intangible assets |
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| Janus North America |
$ |
8.0 |
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$ |
7.1 |
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| Janus International |
0.3 |
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0.3 |
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Consolidated amortization expense |
$ |
8.3 |
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$ |
7.4 |
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Purchases of property, plant, and equipment |
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| Janus North America |
$ |
6.7 |
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$ |
3.6 |
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| Janus International |
0.2 |
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1.0 |
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Consolidated purchases of property, plant, and equipment |
$ |
6.9 |
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$ |
4.6 |
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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 |
| Three months ended March 29, 2025 |
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| Product revenues |
$ |
156.0 |
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$ |
11.7 |
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$ |
(1.4) |
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$ |
166.3 |
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| Service revenues |
34.7 |
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9.5 |
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— |
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$ |
44.2 |
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| Total revenues |
$ |
190.7 |
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$ |
21.2 |
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$ |
(1.4) |
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$ |
210.5 |
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| Three months ended March 30, 2024 |
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| Product revenues |
$ |
206.9 |
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$ |
8.9 |
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$ |
(0.7) |
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$ |
215.1 |
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| Service revenues |
33.6 |
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5.8 |
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— |
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$ |
39.4 |
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| Total revenues |
$ |
240.5 |
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$ |
14.7 |
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$ |
(0.7) |
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$ |
254.5 |
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Segment information as of March 29, 2025 and December 28, 2024 are as follows:
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(dollar amounts in millions) |
March 29, 2025 |
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December 28, 2024 |
Identifiable assets |
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| Janus North America |
$ |
1,199.6 |
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$ |
1,234.6 |
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| Janus International |
72.2 |
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66.7 |
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| Consolidated Assets |
$ |
1,271.8 |
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$ |
1,301.3 |
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Property, plant, and equipment, net |
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| Janus North America |
$ |
53.1 |
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$ |
49.0 |
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| Janus International |
8.0 |
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7.8 |
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Consolidated property, plant, and equipment, net |
$ |
61.1 |
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$ |
56.8 |
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(dollar amounts in millions) |
March 29, 2025 |
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December 28, 2024 |
Long-lived assets(1)
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| United States |
$ |
455.7 |
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$ |
459.9 |
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Other |
30.2 |
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30.1 |
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Total long-lived assets |
$ |
485.9 |
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$ |
490.0 |
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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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(dollar amounts in millions) |
March 29, 2025 |
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March 30, 2024 |
Revenues by country |
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| United States |
$ |
190.7 |
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$ |
240.5 |
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| Other |
21.5 |
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14.7 |
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| Eliminations |
(1.7) |
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(0.7) |
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Total revenues |
$ |
210.5 |
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$ |
254.5 |
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