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13. Revenue Recognition
Contract balances as of September 27, 2025 and December 28, 2024 were as follows:
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|
|
|
|
(dollar amounts in millions) |
|
Revenues in excess of billings at September 27, 2025 |
$ |
20.1 |
|
Unbilled receivables at September 27, 2025 |
8.0 |
|
Contract assets at September 27, 2025 |
$ |
28.1 |
|
|
|
Revenues in excess of billings at December 28, 2024 |
$ |
16.2 |
|
Unbilled receivables at December 28, 2024 |
7.0 |
|
Contract assets at December 28, 2024 |
$ |
23.2 |
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|
|
Contract liabilities at September 27, 2025 |
$ |
15.4 |
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Contract liabilities at December 28, 2024 |
$ |
17.9 |
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During the three and nine month periods ended September 27, 2025, we recognized revenue of approximately $2.0 and $14.6, 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) |
Three Months Ended |
|
Nine Months Ended |
Reportable segments by timing of revenue recognition |
September 27, 2025 |
|
September 28, 2024 |
|
September 27, 2025 |
|
September 28, 2024 |
|
|
Janus North America |
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|
|
|
|
|
|
|
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| Product revenues transferred at a point in time |
$ |
143.6 |
|
|
$ |
141.9 |
|
|
$ |
436.8 |
|
|
$ |
484.8 |
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|
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| Product revenues transferred over time |
15.9 |
|
|
22.6 |
|
|
41.9 |
|
|
81.9 |
|
|
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| Service revenues transferred over time |
32.3 |
|
|
44.6 |
|
|
104.1 |
|
|
113.6 |
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|
|
|
$ |
191.8 |
|
|
$ |
209.1 |
|
|
$ |
582.8 |
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|
$ |
680.3 |
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|
|
Janus International |
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|
|
|
|
|
|
|
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| Product revenues transferred at a point in time |
$ |
15.5 |
|
|
$ |
11.8 |
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|
$ |
42.7 |
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|
$ |
31.5 |
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|
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| Service revenues transferred over time |
12.8 |
|
|
9.5 |
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|
35.2 |
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|
22.6 |
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|
|
$ |
28.3 |
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|
$ |
21.3 |
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|
$ |
77.9 |
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|
$ |
54.1 |
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|
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| Eliminations |
(0.8) |
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|
(0.3) |
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|
(2.8) |
|
|
(1.4) |
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|
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Total revenue |
$ |
219.3
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|
|
$ |
230.1
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|
|
$ |
657.9
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|
|
$ |
733.0
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|
|
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Revenue by Sales Channel
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(dollar amounts in millions) |
Three Months Ended |
|
Nine Months Ended |
Reportable Segments by Sales Channel Revenue Recognition |
September 27, 2025 |
|
September 28, 2024 |
|
September 27, 2025 |
|
September 28, 2024 |
|
|
Janus North America |
|
|
|
|
|
|
|
|
|
| Self storage - new construction |
$ |
72.3 |
|
|
$ |
74.0 |
|
|
$ |
204.9 |
|
|
$ |
273.7 |
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|
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| Self storage - R3 |
54.0 |
|
|
53.8 |
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|
162.0 |
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|
180.8 |
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|
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| Commercial and Others |
65.5 |
|
|
81.3 |
|
|
215.9 |
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|
225.8 |
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|
|
|
$ |
191.8 |
|
|
$ |
209.1 |
|
|
$ |
582.8 |
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|
$ |
680.3 |
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|
|
Janus International |
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|
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| Self storage - new construction |
$ |
25.0 |
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|
$ |
18.2 |
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|
$ |
70.0 |
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|
$ |
45.8 |
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| Self storage - R3 |
3.3 |
|
|
3.1 |
|
|
7.9 |
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|
8.3 |
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|
|
|
$ |
28.3 |
|
|
$ |
21.3 |
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|
$ |
77.9 |
|
|
$ |
54.1 |
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|
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| Eliminations |
(0.8) |
|
|
(0.3) |
|
|
(2.8) |
|
|
(1.4) |
|
|
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Total revenue |
$ |
219.3
|
|
|
$ |
230.1
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|
|
$ |
657.9
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|
|
$ |
733.0
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