Quarterly report [Sections 13 or 15(d)]

Segments Information (Tables)

v3.25.3
Segments Information (Tables)
 9 Months Ended
Sep. 27, 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 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
Three months ended September 28, 2024
Revenues $ 209.1  $ 21.3  $ (0.3) $ 230.1 
Cost of revenues 123.4  15.8  (0.3) 138.9 
Gross profit $ 85.7  $ 5.5  $ —  $ 91.2 
Other segment items (1)
(43.8) (4.3) —  (48.1)
Adjusted EBITDA* $ 41.9  $ 1.2  $ —  $ 43.1 
(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 
(dollar amounts in millions) Janus North
America		 Janus
International		 Intersegment
eliminations		 Total
Nine months ended September 28, 2024
Revenues $ 680.3  $ 54.1  $ (1.4) $ 733.0 
Cost of revenues 383.6  40.2  (1.4) 422.4 
Gross profit $ 296.7  $ 13.9  $ —  $ 310.6 
Other segment items (1)
(125.9) (10.8) —  (136.7)
Adjusted EBITDA* $ 170.8  $ 3.1  $ —  $ 173.9 
(1)Other segment items included in Adjusted EBITDA primarily include selling and marketing expense and general and administrative expense.
* 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.
The following table presents a reconciliation of reportable segment net income to adjusted EBITDA for the periods presented:

Three Months Ended Nine Months Ended
(dollar amounts in millions) September 27, 2025 September 28, 2024 September 27, 2025 September 28, 2024
Consolidated reconciliation
Net income $ 15.2  $ 11.8  $ 46.7  $ 70.1 
Interest, net 8.7  11.6  28.0  38.9 
Income taxes 6.1  3.3  17.1  23.3 
Depreciation and amortization 11.5  11.2  33.9  32.6 
Restructuring & other Adjusted EBITDA adjustments 2.1  5.2  5.3  9.0 
Adjusted EBITDA* $ 43.6  $ 43.1  $ 131.0  $ 173.9 
* 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 is as follows:

Three Months Ended Nine Months Ended
(dollar amounts in millions) September 27, 2025 September 28, 2024 September 27, 2025 September 28, 2024
Depreciation expense - cost of revenues
Janus North America $ 2.0  $ 1.8  $ 5.5  $ 5.1 
Janus International 0.3  0.2  0.9  0.6 
Consolidated depreciation expense - cost of revenues $ 2.3  $ 2.0  $ 6.4  $ 5.7 
Depreciation expense - operating expenses
Janus North America $ 0.8  $ 0.9  $ 2.4  $ 2.9 
Janus International 0.1  0.1  0.3  0.3 
Consolidated depreciation expense - operating expenses $ 0.9  $ 1.0  $ 2.7  $ 3.2 
Amortization of intangible assets
Janus North America $ 8.0  $ 7.9  $ 23.9  $ 22.6 
Janus International 0.3  0.3  0.9  1.1 
Consolidated amortization expense $ 8.3  $ 8.2  $ 24.8  $ 23.7 
Purchases of property, plant, and equipment
Janus North America $ 6.5  $ 3.7  $ 19.4  $ 11.1 
Janus International 0.2  0.2  0.5  3.1 
Consolidated purchases of property, plant, and equipment $ 6.7  $ 3.9  $ 19.9  $ 14.2 

(dollar amounts in millions) Janus North
America		 Janus
International 		Intersegment
eliminations		 Total
Three months ended September 27, 2025
Product revenues $ 159.5  $ 15.5  $ (0.8) $ 174.2 
Service revenues 32.3  12.8  —  $ 45.1 
Total revenues $ 191.8  $ 28.3  $ (0.8) $ 219.3 
Three months ended September 28, 2024
Product revenues $ 164.5  $ 11.8  $ (0.3) $ 175.9 
Service revenues 44.6  9.5  —  $ 54.2 
Total revenues $ 209.1  $ 21.3  $ (0.3) $ 230.1 
(dollar amounts in millions) Janus North
America		 Janus
International		 Intersegment
eliminations		 Total
Nine months ended September 27, 2025
Product revenues $ 478.7  $ 42.7  $ (2.8) $ 518.6 
Service revenues 104.1  35.2  —  $ 139.3 
Total revenues $ 582.8  $ 77.9  $ (2.8) $ 657.9 
Nine months ended September 28, 2024
Product revenues $ 566.7  $ 31.5  $ (1.4) $ 596.8 
Service revenues 113.6  22.6  —  $ 136.2 
Total revenues $ 680.3  $ 54.1  $ (1.4) $ 733.0 
Three Months Ended Nine Months Ended
(dollar amounts in millions)
 September 27, 2025 September 28, 2024 September 27, 2025 September 28, 2024
Revenues by country
United States $ 191.3  $ 209.1  $ 579.5  $ 680.3 
Other 29.3  21.3  83.3  54.1 
Eliminations (1.3) (0.3) (4.9) (1.4)
Total revenues $ 219.3  $ 230.1  $ 657.9  $ 733.0 

Segment information as of the periods presented is as follows:

(dollar amounts in millions)
 September 27, 2025 December 28, 2024
Identifiable assets
Janus North America $ 1,226.4  $ 1,234.6 
Janus International 74.1  66.7 
Consolidated identifiable assets $ 1,300.5  $ 1,301.3 
Property, plant, and equipment, net
Janus North America $ 60.4  $ 49.0 
Janus International 8.1  7.8 
Consolidated property, plant, and equipment, net $ 68.5  $ 56.8 

(dollar amounts in millions)
 September 27, 2025 December 28, 2024
Long-lived assets(1)
United States $ 445.7  $ 459.9 
Other 30.4  30.1 
Total long-lived assets
$ 476.1  $ 490.0 
(1)Our long-lived assets consist primarily of intangible assets, net, right-of-use assets, net, and property, plant, and equipment, net.