$JBI

Janus International Group, Inc.

CIK:0001839839|SEC Filings

Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 04, 2026	Jun. 28, 2025	Jul. 04, 2026	Jun. 28, 2025
REVENUES
Total revenues	$ 233.5	$ 228.1	$ 456.2	$ 438.6
Cost of revenues	153.2	134.9	300.7	263.5
GROSS PROFIT	80.3	93.2	155.5	175.1
OPERATING EXPENSES
Selling and marketing	17.5	16.7	35.4	33.6
General and administrative	42.2	40.5	86.4	80.2
Operating expenses	59.7	57.2	121.8	113.8
INCOME FROM OPERATIONS	20.6	36.0	33.7	61.3
Interest expense, net	(7.4)	(9.1)	(15.5)	(19.3)
Loss on extinguishment and modification of debt	0.0	0.0	(2.1)	0.0
Other (expense) income, net	(0.1)	0.2	(0.5)	0.5
Other Expense, Net	(7.5)	(8.9)	(18.1)	(18.8)
INCOME BEFORE TAXES	13.1	27.1	15.6	42.5
Provision for income taxes	2.4	6.4	4.7	11.0
NET INCOME	10.7	20.7	10.9	31.5
Other comprehensive income (loss)	0.3	2.1	(0.2)	3.0
COMPREHENSIVE INCOME	$ 11.0	$ 22.8	$ 10.7	$ 34.5
Weighted-average shares outstanding, basic and diluted (Note 15)
Basic (in shares)	136,425,432	139,552,809	137,394,908	139,801,720
Diluted (in shares)	136,586,904	140,004,090	137,680,579	140,137,292
Net income per share, basic and diluted (Note 15)
Basic (in dollars per share)	$ 0.08	$ 0.15	$ 0.08	$ 0.23
Diluted (in dollars per share)	$ 0.08	$ 0.15	$ 0.08	$ 0.22
Product revenues
REVENUES
Total revenues	$ 197.9	$ 190.9	$ 386.7	$ 366.6
Cost of revenues	129.1	108.6	254.3	213.3
Service revenues
REVENUES
Total revenues	35.6	37.2	69.5	72.0
Cost of revenues	$ 24.1	$ 26.3	$ 46.4	$ 50.2

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jul. 04, 2026	Jun. 28, 2025
Cash flows provided by operating activities
Net income	$ 10.9	$ 31.5
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation of property, plant, and equipment	7.2	5.9
Noncash lease expense	4.4	3.9
Amortization of intangibles	24.0	16.5
Deferred financing fee amortization	0.9	1.6
Share-based compensation	8.5	8.4
Loss on extinguishment of debt repricing	1.0	0.0
Deferred income taxes, net	4.0	5.1
Other, net	1.2	1.7
Changes in operating assets and liabilities, excluding effects of acquisition
Accounts receivable	8.2	22.3
Contract assets	(7.4)	(5.1)
Inventories	4.1	(1.1)
Prepaid expenses and other current assets	(4.1)	(3.2)
Other assets	(0.6)	0.4
Accounts payable	12.2	12.2
Contract liabilities	(3.4)	(2.2)
Accrued expenses and other current liabilities	(6.2)	5.0
Other long-term liabilities	(4.3)	(3.2)
Net cash provided by operating activities	60.6	99.7
Cash flows used in investing activities
Purchases of property, plant, and equipment	(5.6)	(13.2)
Cash paid for acquisition, net of cash acquired	(98.8)	0.0
Net cash used in investing activities	(104.4)	(13.2)
Cash flows used in financing activities
Principal payments on long-term debt	(1.4)	(43.0)
Repurchase of common stock	(17.4)	(15.0)
Cash paid for common stock withheld for taxes	(2.2)	(2.8)
Principal payments on finance lease obligations	(1.1)	(1.2)
Excise taxes paid for repurchase of common stock	(0.2)	(0.8)
Payments for debt repricing fees	(1.1)	0.0
Net cash used in financing activities	(23.4)	(62.8)
Effect of exchange rate changes on cash and cash equivalents	(0.2)	0.6
Net (decrease) increase in cash	(67.4)	24.3
Cash, beginning of period	194.4	149.3
Cash, end of period	127.0	173.6
Supplemental cash flow information
Interest paid	17.2	17.2
Income taxes paid, net of refunds	0.0	3.3
Cash paid for operating leases included in operating activities	6.3	4.6
Non-cash investing and financing activities
Right-of-use assets obtained in exchange for operating lease obligations	3.8	0.8
Right-of-use assets and lease liabilities reduced for terminated leases	(0.6)	0.0
Right-of-use assets obtained in exchange for finance lease obligations	0.0	1.4
RSU shares withheld included in accrued employee taxes	0.4	0.1
Excise taxes from common share repurchase included in accrued expenses	0.1	0.2
Purchases of property, plant, and equipment in accounts payable	$ 0.1	$ 0.2

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jul. 04, 2026	Jan. 03, 2026
Current Assets
Cash and cash equivalents	$ 127.0	$ 194.4
Accounts receivable, less allowance for credit losses of $12.5 and $12.1 as of July 4, 2026 and January 3, 2026, respectively	113.4	107.9
Contract assets	38.7	27.6
Inventories	55.5	58.6
Prepaid expenses	11.1	9.5
Other current assets	26.4	23.8
Total current assets	372.1	421.8
Property, plant, and equipment, net	66.3	66.2
Right-of-use assets, net	72.2	73.4
Intangible assets, net	357.1	341.1
Goodwill	428.2	383.9
Deferred tax assets, net	9.4	13.3
Other assets	5.7	5.3
Total assets	1,311.0	1,305.0
Current Liabilities
Accounts payable	57.4	40.7
Contract liabilities	13.2	16.7
Current maturities of long-term debt	6.1	6.9
Accrued expenses and other current liabilities	49.9	55.0
Total current liabilities	126.6	119.3
Long-term debt, net	538.9	538.8
Deferred tax liabilities, net	3.2	3.1
Other long-term liabilities	70.3	71.3
Total liabilities	739.0	732.5
STOCKHOLDERS’ EQUITY
Common Stock, 825,000,000 shares authorized, $0.0001 par value, 149,709,078 and 148,439,716 shares issued as of July 4, 2026 and January 3, 2026, respectively	0.0	0.0
Treasury stock, at cost, 13,243,691 and 9,583,103 shares as of July 4, 2026 and January 3, 2026, respectively	(120.2)	(100.4)
Additional paid in capital	324.4	315.9
Accumulated other comprehensive loss	(1.2)	(1.1)
Retained earnings	369.0	358.1
Total stockholders’ equity	572.0	572.5
Total liabilities and stockholders’ equity	$ 1,311.0	$ 1,305.0