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 July 4, 2026 | | | | | | | | | Revenues | $ | 202.9 | | | $ | 31.1 | | | $ | (0.5) | | | $ | 233.5 | | | Cost of revenues | 130.6 | | | 23.1 | | | (0.5) | | | 153.2 | | | Gross profit | $ | 72.3 | | | $ | 8.0 | | | $ | — | | | $ | 80.3 | | Other segment items (1) | (35.9) | | | (4.2) | | | — | | | (40.1) | | | Adjusted EBITDA* | $ | 36.4 | | | $ | 3.8 | | | $ | — | | | $ | 40.2 | | | | | | | | | | | (dollar amounts in millions) | Janus North
America | | Janus
International | | Intersegment
eliminations | | Total | Three months ended June 28, 2025 | | | | | | | | | Revenues | $ | 200.3 | | | $ | 28.4 | | | $ | (0.6) | | | $ | 228.1 | | | Cost of revenues | 115.0 | | | 20.5 | | | (0.6) | | | 134.9 | | | Gross profit | $ | 85.3 | | | $ | 7.9 | | | $ | — | | | $ | 93.2 | | Other segment items (1) | (40.5) | | | (3.7) | | | — | | | (44.2) | | | Adjusted EBITDA* | $ | 44.8 | | | $ | 4.2 | | | $ | — | | | $ | 49.0 | | | | | | | | | | | (dollar amounts in millions) | Janus North
America | | Janus
International | | Intersegment
eliminations | | Total | Six months ended July 4, 2026 | | | | | | | | | Revenues | $ | 398.8 | | | $ | 58.4 | | | $ | (1.0) | | | $ | 456.2 | | | Cost of revenues | 256.8 | | | 44.9 | | | (1.0) | | | 300.7 | | | Gross profit | $ | 142.0 | | | $ | 13.5 | | | $ | — | | | $ | 155.5 | | Other segment items (1) | (74.1) | | | (8.2) | | | — | | | (82.3) | | | Adjusted EBITDA* | $ | 67.9 | | | $ | 5.3 | | | $ | — | | | $ | 73.2 | | | | | | | | | | | (dollar amounts in millions) | Janus North
America | | Janus
International | | Intersegment
eliminations | | Total | Six months ended June 28, 2025 | | | | | | | | | Revenues | $ | 391.0 | | | $ | 49.6 | | | $ | (2.0) | | | $ | 438.6 | | | Cost of revenues | 228.3 | | | 37.2 | | | (2.0) | | | 263.5 | | | Gross profit | $ | 162.7 | | | $ | 12.4 | | | $ | — | | | $ | 175.1 | | Other segment items (1) | (81.0) | | | (6.7) | | | — | | | (87.7) | | | Adjusted EBITDA* | $ | 81.7 | | | $ | 5.7 | | | $ | — | | | $ | 87.4 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(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 income to Adjusted EBITDA for the periods presented:
| | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | (dollar amounts in millions) | July 4, 2026 | | June 28, 2025 | | July 4, 2026 | | June 28, 2025 | | | | Consolidated reconciliation | | | | | | | | | | | Net income | $ | 10.7 | | | $ | 20.7 | | | $ | 10.9 | | | $ | 31.5 | | | | | Interest, net | 7.4 | | | 9.1 | | | 15.5 | | | 19.3 | | | | | Income taxes | 2.4 | | | 6.4 | | | 4.7 | | | 11.0 | | | | | Depreciation and amortization | 15.6 | | | 11.2 | | | 31.2 | | | 22.4 | | | | | Restructuring & other Adjusted EBITDA adjustments | 4.1 | | | 1.6 | | | 10.9 | | | 3.2 | | | | | Adjusted EBITDA* | $ | 40.2 | | | $ | 49.0 | | | $ | 73.2 | | | $ | 87.4 | | | |
* 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 | | Six Months Ended | | (dollar amounts in millions) | July 4, 2026 | | June 28, 2025 | | July 4, 2026 | | June 28, 2025 | | | | Depreciation expense - cost of revenues | | | | | | | | | | | Janus North America | $ | 2.1 | | | $ | 1.8 | | | $ | 4.1 | | | $ | 3.5 | | | | | Janus International | 0.4 | | | 0.3 | | | 0.8 | | | 0.6 | | | | | Consolidated depreciation expense - cost of revenues | $ | 2.5 | | | $ | 2.1 | | | $ | 4.9 | | | $ | 4.1 | | | | | Depreciation expense - operating expenses | | | | | | | | | | | Janus North America | $ | 1.1 | | | $ | 0.8 | | | $ | 2.2 | | | $ | 1.6 | | | | | Janus International | — | | | 0.1 | | | 0.1 | | | 0.2 | | | | | Consolidated depreciation expense - operating expenses | $ | 1.1 | | | $ | 0.9 | | | $ | 2.3 | | | $ | 1.8 | | | | | Amortization of intangible assets | | | | | | | | | | | Janus North America | $ | 11.7 | | | $ | 7.9 | | | $ | 23.4 | | | $ | 15.9 | | | | | Janus International | 0.3 | | | 0.3 | | | 0.6 | | | 0.6 | | | | | Consolidated amortization expense | $ | 12.0 | | | $ | 8.2 | | | $ | 24.0 | | | $ | 16.5 | | | | | Purchases of property, plant, and equipment | | | | | | | | | | | Janus North America | $ | 2.7 | | | $ | 6.2 | | | $ | 5.4 | | | $ | 12.9 | | | | | Janus International | 0.1 | | | 0.3 | | | 0.2 | | | 0.3 | | | | | Consolidated purchases of property, plant, and equipment | $ | 2.8 | | | $ | 6.5 | | | $ | 5.6 | | | $ | 13.2 | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | (dollar amounts in millions) | Janus North
America | | Janus
International | | Intersegment
eliminations | | Total | Three months ended July 4, 2026 | | | | | | | | | Product revenues | $ | 167.7 | | | $ | 30.7 | | | $ | (0.5) | | | $ | 197.9 | | | Service revenues | 35.2 | | | 0.4 | | | — | | | $ | 35.6 | | | Total revenues | $ | 202.9 | | | $ | 31.1 | | | $ | (0.5) | | | $ | 233.5 | | Three months ended June 28, 2025 | | | | | | | | | Product revenues | $ | 163.2 | | | $ | 28.3 | | | $ | (0.6) | | | $ | 190.9 | | | Service revenues | 37.1 | | | 0.1 | | | — | | | $ | 37.2 | | | Total revenues | $ | 200.3 | | | $ | 28.4 | | | $ | (0.6) | | | $ | 228.1 | | | | | | | | | | | (dollar amounts in millions) | Janus North
America | | Janus
International | | Intersegment
eliminations | | Total | Six months ended July 4, 2026 | | | | | | | | | Product revenues | $ | 329.9 | | | $ | 57.8 | | | $ | (1.0) | | | $ | 386.7 | | | Service revenues | 68.9 | | | 0.6 | | | — | | | $ | 69.5 | | | Total revenues | $ | 398.8 | | | $ | 58.4 | | | $ | (1.0) | | | $ | 456.2 | | Six months ended June 28, 2025 | | | | | | | | | Product revenues | $ | 319.2 | | | $ | 49.4 | | | $ | (2.0) | | | $ | 366.6 | | | Service revenues | 71.8 | | | 0.2 | | | — | | | $ | 72.0 | | | Total revenues | $ | 391.0 | | | $ | 49.6 | | | $ | (2.0) | | | $ | 438.6 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Segment information as of the periods presented is as follows:
| | | | | | | | | | | | (dollar amounts in millions) | July 4, 2026 | | January 3, 2026 | Identifiable assets | | | | | Janus North America | $ | 1,229.3 | | | $ | 1,231.7 | | | Janus International | 81.7 | | | 73.3 | | | Consolidated identifiable assets | $ | 1,311.0 | | | $ | 1,305.0 | | | | | | | | | | | | | | | | | |
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