Janus International Group, Inc.JBI
Janus International Group, Inc. Segments Disclosure
18. Segments Information
We operate and report our results through two geographic-based reportable segments: Janus North America and Janus International, in accordance with ASC Topic 280, “Segment Reporting”.
•The Janus North America segment is comprised of the following entities: Janus Core, BETCO, NOKE, ASTA, ACT, U.S. Door, Janus Door, Steel Door Depot, Janus Canada, and Terminal Door.
•The Janus International reportable segment is comprised of Janus Europe Holdings and its subsidiaries with its production and sales located primarily in U.K., Australia, Poland, and France.
This segment structure reflects how the Company’s Chief Executive Officer (“CEO”), who has been identified as the CODM, evaluates performance and allocates resources. Key business strategies, strategic objectives, and competitive decisions are determined at the geographical level (North America and International) rather than by product lines, functional divisions, or business units. The CEO primarily assesses segment performance and allocates resources, including personnel, property, and financial or capital resources, using gross profit and adjusted EBITDA. Budget-to-actual variances are reviewed monthly to assess performance and allocate resources.
Adjusted EBITDA is defined as net income excluding interest expense, income taxes, depreciation expense, amortization, and other non-operational, non-recurring items. We use adjusted EBITDA, a non-GAAP financial measure, to assess operating performance, develop future operating plans, and make strategic decisions related to operating expenses and resource allocation, among others.
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 | |||||||||||||||||||
Year ended January 3, 2026 | |||||||||||||||||||||||
| Revenues | $ | 783.6 | $ | 103.9 | $ | (3.3) | $ | 884.2 | |||||||||||||||
| Cost of revenues | 466.7 | 77.8 | (3.3) | 541.2 | |||||||||||||||||||
| Gross profit | $ | 316.9 | $ | 26.1 | $ | — | $ | 343.0 | |||||||||||||||
Other segment items (1) | (160.3) | (14.5) | — | (174.8) | |||||||||||||||||||
| Adjusted EBITDA* | $ | 156.6 | $ | 11.6 | $ | — | $ | 168.2 | |||||||||||||||
| (dollar amounts in millions) | Janus North America | Janus International | Intersegment eliminations | Total | |||||||||||||||||||
Year ended December 28, 2024 | |||||||||||||||||||||||
| Revenues | $ | 892.6 | $ | 73.6 | $ | (2.4) | $ | 963.8 | |||||||||||||||
| Cost of revenues | 512.8 | 55.6 | (2.4) | 566.0 | |||||||||||||||||||
| Gross profit | $ | 379.8 | $ | 18.0 | $ | — | $ | 397.8 | |||||||||||||||
Other segment items (1) | (173.5) | (15.8) | — | (189.3) | |||||||||||||||||||
| Adjusted EBITDA* | $ | 206.3 | $ | 2.2 | $ | — | $ | 208.5 | |||||||||||||||
| (dollar amounts in millions) | Janus North America | Janus International | Intersegment eliminations | Total | |||||||||||||||||||
Year ended December 30, 2023 | |||||||||||||||||||||||
| Revenues | $ | 985.7 | $ | 82.3 | $ | (1.6) | $ | 1,066.4 | |||||||||||||||
| Cost of revenues | 560.2 | 58.1 | (1.6) | 616.7 | |||||||||||||||||||
| Gross profit | $ | 425.5 | $ | 24.2 | $ | — | $ | 449.7 | |||||||||||||||
Other segment items (1) | (149.7) | (14.4) | (164.1) | ||||||||||||||||||||
| Adjusted EBITDA* | $ | 275.8 | $ | 9.8 | $ | — | $ | 285.6 | |||||||||||||||
(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:
| Year Ended | ||||||||||||||||||||
| (dollar amounts in millions) | January 3, 2026 | December 28, 2024 | December 30, 2023 | |||||||||||||||||
| Consolidated reconciliation | ||||||||||||||||||||
| Net income | $ | 53.8 | $ | 70.4 | $ | 135.7 | ||||||||||||||
| Interest, net | 36.8 | 49.6 | 60.0 | |||||||||||||||||
| Income taxes | 22.6 | 29.9 | 47.1 | |||||||||||||||||
| Depreciation and amortization | 46.1 | 44.0 | 39.1 | |||||||||||||||||
| Restructuring & other Adjusted EBITDA adjustments | 8.9 | 14.6 | 3.7 | |||||||||||||||||
| Adjusted EBITDA* | $ | 168.2 | $ | 208.5 | $ | 285.6 | ||||||||||||||
* 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:
| Year Ended | ||||||||||||||||||||
| (dollar amounts in millions) | January 3, 2026 | December 28, 2024 | December 30, 2023 | |||||||||||||||||
| Depreciation expense - cost of revenues | ||||||||||||||||||||
| Janus North America | $ | 7.6 | $ | 6.9 | $ | 6.3 | ||||||||||||||
| Janus International | 1.6 | 0.9 | 0.6 | |||||||||||||||||
| Consolidated depreciation expense - cost of revenues | $ | 9.2 | $ | 7.8 | $ | 6.9 | ||||||||||||||
| Depreciation expense - operating expenses | ||||||||||||||||||||
| Janus North America | $ | 3.4 | $ | 3.8 | $ | 2.0 | ||||||||||||||
| Janus International | 0.3 | 0.4 | 0.4 | |||||||||||||||||
| Consolidated depreciation expense - operating expenses | $ | 3.7 | $ | 4.2 | $ | 2.4 | ||||||||||||||
| Amortization of intangible assets | ||||||||||||||||||||
| Janus North America | $ | 31.9 | $ | 30.5 | $ | 28.4 | ||||||||||||||
| Janus International | 1.3 | 1.5 | 1.4 | |||||||||||||||||
| Consolidated amortization expense | $ | 33.2 | $ | 32.0 | $ | 29.8 | ||||||||||||||
| Purchases of property, plant, and equipment | ||||||||||||||||||||
| Janus North America | $ | 24.5 | $ | 17.2 | $ | 15.4 | ||||||||||||||
| Janus International | 0.6 | 3.2 | 3.6 | |||||||||||||||||
| Consolidated purchases of property, plant, and equipment | $ | 25.1 | $ | 20.4 | $ | 19.0 | ||||||||||||||
| (dollar amounts in millions) | Janus North America | Janus International | Intersegment eliminations | Total | |||||||||||||||||||
Year ended January 3, 2026 | |||||||||||||||||||||||
| Product revenues | $ | 633.6 | $ | 56.6 | $ | (3.3) | $ | 686.9 | |||||||||||||||
| Service revenues | 150.0 | 47.3 | — | $ | 197.3 | ||||||||||||||||||
| Total revenues | $ | 783.6 | $ | 103.9 | $ | (3.3) | $ | 884.2 | |||||||||||||||
Year ended December 28, 2024 | |||||||||||||||||||||||
| Product revenues | $ | 738.6 | $ | 43.2 | $ | (2.4) | $ | 779.4 | |||||||||||||||
| Service revenues | 154.0 | 30.4 | — | $ | 184.4 | ||||||||||||||||||
| Total revenues | $ | 892.6 | $ | 73.6 | $ | (2.4) | $ | 963.8 | |||||||||||||||
Year ended December 30, 2023 | |||||||||||||||||||||||
| Product revenues | $ | 865.1 | $ | 46.3 | $ | (1.6) | $ | 909.8 | |||||||||||||||
| Service revenues | 120.6 | 36.0 | $ | 156.6 | |||||||||||||||||||
| Total revenues | $ | 985.7 | $ | 82.3 | $ | (1.6) | $ | 1,066.4 | |||||||||||||||
| Year Ended | ||||||||||||||||||||
(dollar amounts in millions) | January 3, 2026 | December 28, 2024 | December 30, 2023 | |||||||||||||||||
Revenues by country | ||||||||||||||||||||
| United States | $ | 779.5 | $ | 885.6 | $ | 979.4 | ||||||||||||||
| Other | 111.3 | 80.6 | 88.6 | |||||||||||||||||
| Eliminations | (6.6) | (2.4) | (1.6) | |||||||||||||||||
| Total revenues | $ | 884.2 | $ | 963.8 | $ | 1,066.4 | ||||||||||||||
Segment information as of the periods presented is as follows:
(dollar amounts in millions) | January 3, 2026 | December 28, 2024 | |||||||||
Identifiable assets | |||||||||||
| Janus North America | $ | 1,231.7 | $ | 1,234.6 | |||||||
| Janus International | 73.3 | 66.7 | |||||||||
| Consolidated identifiable assets | $ | 1,305.0 | $ | 1,301.3 | |||||||
| Property, plant, and equipment, net | |||||||||||
| Janus North America | $ | 58.8 | $ | 49.0 | |||||||
| Janus International | 7.4 | 7.8 | |||||||||
| Consolidated property, plant, and equipment, net | $ | 66.2 | $ | 56.8 | |||||||
(dollar amounts in millions) | January 3, 2026 | December 28, 2024 | |||||||||
Long-lived assets(1) | |||||||||||
| United States | $ | 450.8 | $ | 459.9 | |||||||
| Other | 29.7 | 30.1 | |||||||||
Total long-lived assets | $ | 480.5 | $ | 490.0 | |||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2026 | Mar 4, 2026 | Showing above |
| 2024 | Feb 26, 2025 | |
| 2023 | Feb 28, 2024 | |
| 2022 | Mar 29, 2023 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.