Janus International (NYSE: JBI) posts Q2 2026 results with lower margins, updated outlook
Rhea-AI Filing Summary
Janus International Group reported fiscal second-quarter 2026 revenue of $233.5 million, up 2.4% year-over-year, driven by 15.4% growth in total self-storage revenue. New Construction rose 20.3% and R3 grew 6.6%, helped by the Kiwi II Construction acquisition, while Commercial and Other revenue declined 21.2%. International revenue was $31.1 million, up 9.5%.
Profitability weakened. Net income fell to $10.7 million from $20.7 million, and Adjusted EBITDA declined 18.0% to $40.2 million, with Adjusted EBITDA Margin compressing to 17.2%. For the first six months, operating cash flow was $60.6 million and free cash flow was $55.0 million, with trailing twelve‑month free cash flow conversion of Adjusted Net Income at 129%. The Nokē Smart Entry System installed base reached 501,000 units, up 22.5% year-over-year. The company repurchased about 367,000 shares for $1.9 million in the quarter and 3.2 million shares for $17.6 million year-to-date.
For full-year 2026, Janus guides total revenue to $925–$945 million, including $80–$90 million of inorganic revenue, implying 5.7% growth at the midpoint. Adjusted EBITDA is expected between $150–$170 million, a 4.9% decline at the midpoint. Net leverage stood at 2.7x based on $422.6 million of net debt and trailing twelve‑month Adjusted EBITDA of $154.0 million.
Positive
- None.
Negative
- Net income declined sharply: quarterly net income fell from $20.7 million to $10.7 million, a 48.3% year-over-year decrease, and year-to-date net income dropped 65.4% to $10.9 million.
- Adjusted EBITDA and margins contracted: second-quarter Adjusted EBITDA decreased 18.0% to $40.2 million, and Adjusted EBITDA Margin fell from 21.5% to 17.2%.
- Cash generation weakened versus prior year: year-to-date operating cash flow fell from $99.7 million to $60.6 million, a reduction of roughly 39%, with free cash flow down from $86.5 million to $55.0 million.
- Leverage increased: Net Debt rose to $422.6 million and the non‑GAAP Net Leverage Ratio increased from 2.1x at January 3, 2026 to 2.7x at July 4, 2026.
- 2026 profit outlook implies decline: the 2026 Adjusted EBITDA guidance range of $150–$170 million represents a (4.9)% year-over-year decline at the midpoint, despite guided revenue growth.
Filing Explained
The balance sheet also reports
8-K Event Classification
3 items: 2.02, 7.01, 9.01
3 items
Item 2.02
Results of Operations and Financial Condition
Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Q2 2026 Total Revenues: $233.5 million
Q2 2026 Net Income: $10.7 million
Q2 2026 Adjusted EBITDA: $40.2 million
+5 more
8 metrics
Q2 2026 Total Revenues
$233.5 million
Three months ended July 4, 2026
Q2 2026 Net Income
$10.7 million
Down 48.3% year-over-year
Q2 2026 Adjusted EBITDA
$40.2 million
Adjusted EBITDA Margin 17.2%, down approximately 430 basis points year-over-year
Six-month Operating Cash Flow
$60.6 million
For the six months ended July 4, 2026
Six-month Free Cash Flow
$55.0 million
For the six months ended July 4, 2026
2026 Revenue Guidance Range
$925 million–$945 million
Full-year 2026 outlook with 5.7% growth at midpoint
2026 Adjusted EBITDA Guidance
$150 million–$170 million
Full-year 2026 outlook, (4.9)% decline at midpoint
Net Debt and Net Leverage
$422.6 million; 2.7x
Net Debt and Non-GAAP Net Leverage Ratio as of July 4, 2026
Key Terms
Adjusted EBITDA, Free Cash Flow Conversion of Adjusted Net Income, Net Leverage Ratio, Nokē Smart Entry System, +1 more
5 terms
Adjusted EBITDA financial
"Adjusted EBITDA* of $40.2 million, down 18.0% year-over-year."
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
Free Cash Flow Conversion of Adjusted Net Income financial
"free cash flow conversion of adjusted net income* was 129%."
Net Leverage Ratio financial
"Net Leverage Ratio is defined as the ratio of our consolidated senior secured indebtedness"
The net leverage ratio measures how much debt a company has compared to its available assets or earnings, after accounting for its cash and liquid assets. It helps investors understand how heavily a company relies on borrowed money to finance its operations and growth. A higher ratio indicates greater financial risk, while a lower ratio suggests a more cautious approach to borrowing.
Nokē Smart Entry System technical
"Nokē Smart Entry System installed units totaled 501,000 at quarter end"
Inorganic Revenue financial
"Includes $80 million – $90 million inorganic revenue"
Revenue generated through actions that add sales quickly from outside a company’s regular operations, such as buying another business, licensing technology, or entering a distribution deal. Think of it as getting more items to sell by purchasing a neighboring shop instead of growing customers for your own store. Investors watch inorganic revenue because it can boost short-term top-line growth but may mask the sustainability of underlying business performance and future profit margins.
Earnings Snapshot
Total Revenues: $233.5 million · Guidance included
quarter ended July 4, 2026
Total Revenues
$233.5 million
up 2.4% year-over-year
Net Income
$10.7 million
(48.3)% year-over-year
Adjusted EBITDA
$40.2 million
(18.0)% year-over-year
Adjusted EBITDA Margin
17.2%
down approximately 430 basis points year-over-year
Adjusted Diluted EPS
$0.17
from $0.20 in the prior-year quarter
Operating Cash Flow (six months)
$60.6 million
down from $99.7 million in the prior-year period
Free Cash Flow (six months)
$55.0 million
down from $86.5 million in the prior-year period
Guidance
For 2026, Janus expects total revenue of $925–$945 million, including $80–$90 million of inorganic revenue, and Adjusted EBITDA of $150–$170 million, representing 5.7% revenue growth and a (4.9)% Adjusted EBITDA decline at the midpoints.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
How did Janus International (JBI) perform financially in Q2 2026?
Janus International reported $233.5 million in Q2 2026 revenue, up 2.4% year-over-year, but net income fell to $10.7 million from $20.7 million and Adjusted EBITDA declined 18.0% to $40.2 million, with a 17.2% Adjusted EBITDA Margin.
What were the key revenue drivers for Janus International (JBI) in Q2 2026?
Growth came from self-storage, where total revenue rose 15.4%. New Construction increased 20.3% and R3 grew 6.6%, aided by $19.2 million from the Kiwi II Construction acquisition, while Commercial and Other revenue declined 21.2%.
What guidance did Janus International (JBI) give for full-year 2026?
For 2026, Janus projects total revenue of $925–$945 million, including $80–$90 million of inorganic revenue, implying 5.7% growth at the midpoint, and expects Adjusted EBITDA of $150–$170 million, a (4.9)% decline at the midpoint.
How strong is Janus International’s (JBI) cash flow and free cash flow conversion?
For the six months ended July 4, 2026, operating cash flow was $60.6 million and free cash flow was $55.0 million. On a trailing twelve‑month basis, free cash flow of $82.5 million represented 129% of Adjusted Net Income.
What is Janus International’s (JBI) leverage position as of July 4, 2026?
Janus reported First Lien debt of $549.6 million and cash of $127.0 million, resulting in Net Debt of $422.6 million. The non‑GAAP Net Leverage Ratio was 2.7x based on trailing twelve‑month Adjusted EBITDA of $154.0 million.
How is Janus International’s Nokē Smart Entry System performing?
Nokē Smart Entry System installed units totaled 501,000 at Q2 2026 quarter end, an increase of 22.5% year-over-year. Management highlights this as a key milestone within its smart security and technology growth strategy.
_______________________________________________________________________________________________________________________________
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________________________
FORM 8-K
_____________________________________
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): August 11, 2026
_____________________________________
(Exact Name of Registrant as Specified in Charter)
_____________________________________
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification Number) | ||||||
(Address of Principal Executive Offices, Zip Code) | ||||||||
Registrant’s telephone number, including area code: ( | ||||||||
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which Registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
_______________________________________________________________________________________________________________________________
Item 2.02. Results of Operations and Financial Condition.
On August 11, 2026, Janus International Group, Inc. (the “Company”) issued a press release announcing financial results for the quarter ended July 4, 2026 (the “Earnings Release”). The full text of the Earnings Release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is available on the investor relations section of the Company’s website at https://ir.janusintl.com.
The information in this Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, regardless of the general incorporation language contained in such filing. Without limiting the generality of the foregoing, the text of the Earnings Release set forth under the heading entitled “Forward-Looking Statements” is incorporated by reference into this Item 2.02.
Item 7.01. Regulation FD Disclosure.
On August 11, 2026, the Company provided an earnings presentation for the quarter ended July 4, 2026 and an updated investor presentation, both of which will be made available on the investor relations section of the Company’s website at https://ir.janusintl.com. The earnings presentation and investor presentation are furnished as Exhibit 99.2 and Exhibit 99.3, respectively, to this Current Report on Form 8-K.
The information in this Item 7.01, including Exhibit 99.2 and Exhibit 99.3, shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act or the Exchange Act, regardless of the general incorporation language contained in such filing. Without limiting the generality of the foregoing, the text of the investor presentation set forth under the heading entitled “Forward-Looking Statements” is incorporated by reference into this Item 7.01.
Item 9.01. Financial Statements and Exhibits.
Exhibit Number | Description | |||||||
| 99.1 | Press Release, dated August 11, 2026 | |||||||
| 99.2 | Earnings Presentation, dated August 11, 2026 | |||||||
| 99.3 | Investor Presentation, dated August 11, 2026 | |||||||
| 104 | Cover Page Interactive Data File (formatted as inline XBRL). | |||||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: August 11, 2026
JANUS INTERNATIONAL GROUP, INC.
By: /s/ Anselm Wong
Name: Anselm Wong
Title: Chief Financial Officer
JANUS INTERNATIONAL GROUP REPORTS SECOND QUARTER 2026 FINANCIAL RESULTS
TEMPLE, GA, August 11, 2026 – Janus International Group, Inc. (NYSE: JBI) (“Janus” or the “Company”), a leading global manufacturer and provider of turnkey self-storage, commercial, and industrial building solutions, today announced financial results for its fiscal second quarter ended July 4, 2026.
Second Quarter 2026 Highlights
•Revenues of $233.5 million, up 2.4% year-over-year.
•Net income of $10.7 million, or $0.08 per diluted share.
•Adjusted Net Income* (defined as net income plus the corresponding tax-adjusted add-backs shown in the Reconciliation of Net Income to Adjusted Net Income tables below) of $23.9 million; Adjusted Diluted EPS* of $0.17.
•Adjusted EBITDA* of $40.2 million, down 18.0% year-over-year. Adjusted EBITDA Margin* (defined as Adjusted EBITDA divided by Total Revenues) was 17.2%, down approximately 430 basis points year-over-year.
•Nokē Smart Entry System installed units totaled 501,000 at quarter end, up 22.5% year-over-year.
Second Quarter 2026 Results
Second quarter revenue increased 2.4% year-over-year. Total Self-Storage revenues increased 15.4%, as New Construction revenues increased 20.3%, and R3 revenues increased 6.6%. Commercial and Other revenues decreased 21.2%. The acquisition of Kiwi II Construction contributed $19.2 million to the New Construction sales channel.
For the six-month period ended July 4, 2026, operating cash flow was $60.6 million, and free cash flow* was $55.0 million. For the trailing twelve-month period ended July 4, 2026, free cash flow conversion of adjusted net income* was 129%.
During the quarter, the Company repurchased approximately 367,000 shares of common stock for a total of $1.9 million (including commissions and excise taxes).
*Non-GAAP measure. See the sections titled “Non-GAAP Financial Measures” and “Reconciliation of GAAP to Non-GAAP Financial Measures” for more information about such Non-GAAP financial measure and a reconciliation to the most directly related GAAP financial measure.
Management Commentary
Ramey Jackson, Chief Executive Officer, stated, “Although our results in the second quarter came in slightly below our expectations, we continue to make progress against our strategic priorities. Most notably, during the quarter we surpassed 500,000 installed Nokē units, a milestone that represents years of investment and execution and marks an important inflection point for the platform. While the operating environment remains challenging, we are focused on executing with discipline, supporting our customers, and creating long-term value for our shareholders.”
2026 Financial Outlook
Based on the Company’s current business outlook, Janus is updating its full year 2026 guidance as follows:
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| Range | Year-Over-Year Growth (at the midpoint) | ||||||||||
Total Revenue | $925 million | $945 million | 5.7% | ||||||||
Inorganic Revenue (included above) | $80 million | $90 million | NA | ||||||||
Adjusted EBITDA (non-GAAP) | $150 million | $170 million | (4.9)% | ||||||||
The estimates set forth above were prepared by the Company’s management and are based upon a number of assumptions. See “Forward-Looking Statements.” Please note that the Company has not provided the most directly comparable GAAP financial measure, or a quantitative reconciliation thereto, for the Adjusted EBITDA and Inorganic Revenue forward-looking guidance for 2026 under the “unreasonable efforts” exception in Item 10(e)(1)(i)(B) of Regulation S-K. See “Non-GAAP Financial Measures” below for additional information.
About Janus International Group
Janus International Group, Inc. (www.JanusIntl.com) is a leading global manufacturer and provider of turnkey self-storage, commercial and industrial building solutions, including: roll-up and swing doors, hallway systems, single- and multi-story steel buildings, building components, relocatable storage units, and smart security and locking technologies. The Janus team operates out of several U.S. and international locations.
Conference Call and Webcast
The Company will host a conference call and webcast to review results and conduct a question-and-answer session on Tuesday, August 11, 2026, at 10:00 a.m. Eastern time. The live webcast and archived replay of the conference call can be accessed on the Investors section of the Company’s website at www.janusintl.com. For those unable to access the webcast, the conference call will be accessible domestically or internationally, by dialing 1-800-245-3047 or 1-203-518-9765, respectively. Upon dialing in, please request to join the Janus International Group Second Quarter 2026 Earnings Conference Call. To access the replay of the call, dial 1-844-512-2921 (Domestic) and 1-412-317-6671 (International) with pass code 11161999.
Forward-Looking Statements
Certain statements in this communication, including the estimated guidance provided under “2026 Financial Outlook” herein, may be considered “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this communication are forward-looking statements, including, but not limited to any statements regarding Janus’s belief regarding the demand outlook for Janus’s products. When used in this communication, words such as “plan,” “believe,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,” “forecast,” “project,” “target,” “continue,” “could,” “may,” “might,” “possible,” “potential,” “predict,” “should,” “would,” “will,” and other similar words and expressions or the negative of such terms or other similar expressions identify forward-looking statements. The forward-looking statements contained in this communication are based on our current expectations and beliefs concerning future developments and their potential effects on us. We cannot assure you that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Some factors that could cause actual results to differ materially from forward-looking statements or historical performance: (i) risks of the self-storage industry; (ii) the highly competitive nature of the self-storage industry and Janus’s ability to compete therein; (iii) litigation, complaints, and/or adverse publicity; (iv) general economic conditions, including the capital and credit markets, and adverse macroeconomic
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conditions, including unemployment, inflation, supply chain constraints, tariffs and trade restrictions, geopolitical conflicts, fluctuating interest rates, changes in consumer practices due to slower economic growth, and regional or global liquidity constraints; (v) cyber incidents or directed attacks that could result in information theft, data corruption, operational disruption, and/or financial loss; (vi) risks relating to our share repurchase program; (vii) the risk that we will not be able to successfully integrate and develop Kiwi II Construction into our operations; (viii) inability to realize expected benefits and efficiencies from our cost-savings initiatives and restructuring activities; and (ix) the risk that the demand outlook for Janus’s products may not be as strong as anticipated. There can be no assurance that the events, results, trends or guidance regarding financial outlook identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and Janus is not under any obligation and expressly disclaims any obligation, to update, alter, or otherwise revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. This communication is not intended to be all-inclusive or to contain all the information that a person may desire in considering an investment in Janus and is not intended to form the basis of an investment decision in Janus. All subsequent written and oral forward-looking statements concerning Janus or other matters and attributable to Janus or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above and under the heading “Risk Factors” in Janus’s most recently filed Annual Report on Form 10-K and Quarterly Report on Form 10-Q, as updated from time to time in amendments and its subsequent filings with the SEC.
Non-GAAP Financial Measures
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.
Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Net Income, Adjusted Diluted EPS, Free Cash Flow, Free Cash Flow Conversion of Adjusted Net Income, and Net Leverage Ratio are non-GAAP financial measures used by Janus to evaluate its operating performance, generate future operating plans, and make strategic decisions, including those relating to operating expenses and the allocation of internal resources. Accordingly, Janus believes these non-GAAP financial measures provide useful information to investors and others in understanding and evaluating Janus’s operating results in the same manner as its management and board of directors and in comparison with Janus’s peer group companies. In addition, these non-GAAP financial measures provide useful measures for period-to-period comparisons of Janus’s business, as they remove the effect of certain non-recurring events and other non-recurring charges, such as acquisitions, and certain variable or non-recurring charges. Adjusted EBITDA is defined as net income excluding interest expense, income taxes, depreciation expense, amortization, and other non-operational, non-recurring items. Adjusted EBITDA Margin is defined as Adjusted EBITDA divided by total revenue. Adjusted Net Income is defined as net income as adjusted for the corresponding tax-adjusted add-backs shown in the Adjusted EBITDA reconciliation. Adjusted Diluted EPS is defined as Adjusted Net Income divided by the diluted weighted average number of shares outstanding. Free Cash Flow is calculated by subtracting capital expenditures from cash provided by operating activities. Free Cash Flow Conversion of Adjusted Net Income is calculated as free cash flow divided by Adjusted Net Income. Net Leverage Ratio is defined as the ratio of our consolidated senior secured indebtedness reduced by cash to our trailing four-quarter consolidated Adjusted EBITDA.
Please note that the Company has not provided the most directly comparable GAAP financial measure, or a quantitative reconciliation thereto, for the Adjusted EBITDA and Inorganic Revenue forward-looking guidance for 2026 included in this communication in reliance on the "unreasonable efforts" exception provided under Item 10(e)(1)(i)(B) of Regulation S-K. Providing the most directly comparable GAAP financial measure, or a quantitative reconciliation thereto, cannot be done without unreasonable effort due to the inherent uncertainty and difficulty in predicting certain non-cash, material and/or non-recurring expenses or benefits, legal settlements or
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other matters, and certain tax positions. Because these adjustments are inherently variable and uncertain and depend on various factors that are beyond the Company's control, the Company is also unable to predict their probable significance. The variability of these items could have an unpredictable, and potentially significant, impact on our future GAAP financial results, and amounts excluded from these non-GAAP measures in future periods could be significant.
Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Net Income, Adjusted Diluted EPS, Free Cash Flow, Free Cash Flow Conversion of Adjusted Net Income, and Net Leverage Ratio should not be considered in isolation of, or as an alternative to, measures prepared in accordance with GAAP. There are a number of limitations related to the use of these non-GAAP measures rather than the nearest GAAP equivalent of Adjusted EBITDA and Adjusted Net Income. These limitations include that the non-GAAP financial measures: exclude depreciation and amortization, and although these are non-cash expenses, the assets being depreciated may be replaced in the future; do not reflect interest expense, or the cash requirements necessary to service interest on debt, which reduces cash available; do not reflect the provision for or benefit from income tax that may result in payments that reduce cash available; exclude non-recurring items (i.e., the extinguishment of debt); and may not be comparable to similar non-GAAP financial measures used by other companies, because the expenses and other items that Janus excludes in the calculation of these non-GAAP financial measures may differ from the expenses and other items, if any, that other companies may exclude from these non-GAAP financial measures when they report their operating results. Because of these limitations, these non-GAAP financial measures should be considered along with other operating and financial performance measures presented in accordance with GAAP.
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Janus International Group, Inc.
Condensed Consolidated Statements of Operations and Comprehensive Income
(In millions, except share and per share data - Unaudited)
| Three Months Ended | Six Months Ended | ||||||||||||||||||||||
| July 4, 2026 | June 28, 2025 | July 4, 2026 | June 28, 2025 | ||||||||||||||||||||
| REVENUES | |||||||||||||||||||||||
| Product revenues | $ | 197.9 | $ | 190.9 | $ | 386.7 | $ | 366.6 | |||||||||||||||
| Service revenues | 35.6 | 37.2 | 69.5 | 72.0 | |||||||||||||||||||
| Total revenues | $ | 233.5 | $ | 228.1 | $ | 456.2 | $ | 438.6 | |||||||||||||||
| Product cost of revenues | 129.1 | 108.6 | 254.3 | 213.3 | |||||||||||||||||||
| Service cost of revenues | 24.1 | 26.3 | 46.4 | 50.2 | |||||||||||||||||||
| 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 | — | — | (2.1) | — | |||||||||||||||||||
| Other (expense) income | (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 | |||||||||||||||||||||||
| Basic | 136,425,432 | 139,552,809 | 137,394,908 | 139,801,720 | |||||||||||||||||||
| Diluted | 136,586,904 | 140,004,090 | 137,680,579 | 140,137,292 | |||||||||||||||||||
| Net income per share, basic and diluted | |||||||||||||||||||||||
| Basic | $ | 0.08 | $ | 0.15 | $ | 0.08 | $ | 0.23 | |||||||||||||||
| Diluted | $ | 0.08 | $ | 0.15 | $ | 0.08 | $ | 0.22 | |||||||||||||||
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Janus International Group, Inc.
Condensed Consolidated Balance Sheets
(In millions, except share and per share data - Unaudited)
| July 4, 2026 | January 3, 2026 | ||||||||||
| ASSETS | |||||||||||
| 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 | |||||||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||
| 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 | $ | — | $ | — | |||||||
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 | |||||||
6
Janus International Group, Inc.
Condensed Consolidated Statements of Cash Flows
(In millions - Unaudited)
(In millions - Unaudited)
| Six Months Ended | |||||||||||
| July 4, 2026 | June 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 | — | |||||||||
| 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) | — | |||||||||
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) | $ | — | |||||||
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 | |||||||
7
Janus International Group, Inc.
Revenue by Sales Channel
(In millions, except percentages)
| Three Months Ended | Variance | ||||||||||||||||||||||||||||||||||
| July 4, 2026 | % of Total Sales | June 28, 2025 | % of Total Sales | $ | % | ||||||||||||||||||||||||||||||
| Self-storage - new construction | $ | 113.0 | 48.4 | % | $ | 93.9 | 41.2 | % | $ | 19.1 | 20.3 | % | |||||||||||||||||||||||
| Self-storage - R3 | 56.4 | 24.2 | % | 52.9 | 23.2 | % | 3.5 | 6.6 | % | ||||||||||||||||||||||||||
| Total self-storage | $ | 169.4 | 72.5 | % | $ | 146.8 | 64.4 | % | $ | 22.6 | 15.4 | % | |||||||||||||||||||||||
Commercial and other | 64.1 | 27.5 | % | 81.3 | 35.6 | % | (17.2) | (21.2) | % | ||||||||||||||||||||||||||
| Total revenues | $ | 233.5 | 100.0 | % | $ | 228.1 | 100.0 | % | $ | 5.4 | 2.4 | % | |||||||||||||||||||||||
| Six Months Ended | Variance | ||||||||||||||||||||||||||||||||||
| July 4, 2026 | % of Total Sales | June 28, 2025 | % of Total Sales | $ | % | ||||||||||||||||||||||||||||||
| Self-storage - new construction | $ | 209.4 | 45.9 | % | $ | 177.6 | 40.5 | % | $ | 31.8 | 17.9 | % | |||||||||||||||||||||||
| Self-storage - R3 | 116.4 | 25.5 | % | 112.7 | 25.7 | % | 3.7 | 3.3 | % | ||||||||||||||||||||||||||
| Total self-storage | $ | 325.8 | 71.4 | % | $ | 290.3 | 66.2 | % | $ | 35.5 | 12.2 | % | |||||||||||||||||||||||
| Commercial and other | 130.4 | 28.6 | % | 148.3 | 33.8 | % | (17.9) | (12.1) | % | ||||||||||||||||||||||||||
| Total revenues | $ | 456.2 | 100.0 | % | $ | 438.6 | 100.0 | % | $ | 17.6 | 4.0 | % | |||||||||||||||||||||||
Reconciliation of GAAP to Non-GAAP Financial Measures
Janus International Group, Inc.
Reconciliation of Net Income to EBITDA* and Adjusted EBITDA*
(In millions, except percentages)
| Three Months Ended | Variance | ||||||||||||||||||||||||||||||||||
| July 4, 2026 | Margin(1) | June 28, 2025 | Margin(1) | $ | % | ||||||||||||||||||||||||||||||
| Net Income | $ | 10.7 | 4.6 | % | $ | 20.7 | 9.1 | % | $ | (10.0) | (48.3) | % | |||||||||||||||||||||||
| Interest, net | 7.4 | 9.1 | (1.7) | (18.7) | % | ||||||||||||||||||||||||||||||
| Income taxes | 2.4 | 6.4 | (4.0) | (62.5) | % | ||||||||||||||||||||||||||||||
| Depreciation | 3.6 | 3.0 | 0.6 | 20.0 | % | ||||||||||||||||||||||||||||||
| Amortization | 12.0 | 8.2 | 3.8 | 46.3 | % | ||||||||||||||||||||||||||||||
| EBITDA* | $ | 36.1 | 15.5 | % | $ | 47.4 | 20.8 | % | $ | (11.3) | (23.8) | % | |||||||||||||||||||||||
Restructuring charges(2) | 1.6 | 0.8 | 0.8 | 100.0 | % | ||||||||||||||||||||||||||||||
Acquisition expense(3) | 2.1 | 0.8 | 1.3 | 162.5 | % | ||||||||||||||||||||||||||||||
| Other | 0.4 | — | 0.4 | — | % | ||||||||||||||||||||||||||||||
| Adjusted EBITDA* | $ | 40.2 | 17.2 | % | $ | 49.0 | 21.5 | % | $ | (8.8) | (18.0) | % | |||||||||||||||||||||||
| Six Months Ended | Variance | ||||||||||||||||||||||||||||||||||
| July 4, 2026 | Margin(1) | June 28, 2025 | Margin(1) | $ | % | ||||||||||||||||||||||||||||||
Net Income | $ | 10.9 | 2.4 | % | $ | 31.5 | 7.2 | % | $ | (20.6) | (65.4) | % | |||||||||||||||||||||||
| Interest, net | 15.5 | 19.3 | (3.8) | (19.7) | % | ||||||||||||||||||||||||||||||
| Income taxes | 4.7 | 11.0 | (6.3) | (57.3) | % | ||||||||||||||||||||||||||||||
| Depreciation | 7.2 | 5.9 | 1.3 | 22.0 | % | ||||||||||||||||||||||||||||||
| Amortization | 24.0 | 16.5 | 7.5 | 45.5 | % | ||||||||||||||||||||||||||||||
| EBITDA* | $ | 62.3 | 13.7 | % | $ | 84.2 | 19.2 | % | $ | (21.9) | (26.0) | % | |||||||||||||||||||||||
Restructuring charges(2) | 4.2 | 1.2 | 3.0 | 250.0 | % | ||||||||||||||||||||||||||||||
Acquisition expense(3) | 4.2 | 1.7 | 2.5 | 147.1 | % | ||||||||||||||||||||||||||||||
Loss on extinguishment and modification of debt(4) | 2.1 | — | 2.1 | — | % | ||||||||||||||||||||||||||||||
| Other | 0.4 | 0.3 | 0.1 | 33.3 | % | ||||||||||||||||||||||||||||||
| Adjusted EBITDA* | $ | 73.2 | 16.0 | % | $ | 87.4 | 19.9 | % | $ | (14.2) | (16.2) | % | |||||||||||||||||||||||
(1)Net Income Margin, EBITDA Margin, and Adjusted EBITDA Margin are defined as Net Income divided by revenue, EBITDA divided by total revenue, and Adjusted EBITDA divided by total revenue, respectively.
(2)Restructuring charges consist of the following: 1) facility relocations, 2) severance and hiring costs associated with our strategic transformation, including leadership team changes, and 3) strategic business assessment and transformation projects.
(3)Expenses related to various professional fees, acquisition related compensation, and various acquisition related activities.
(4)Adjustment for loss on extinguishment and modification of debt regarding the write off of unamortized fees and third-party fees as a result of the debt modification completed in February 2026.
*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 Company has excluded a quantitative reconciliation of Adjusted EBITDA and Inorganic Revenue with respect to the Company’s 2026 guidance in the “2026 Financial Outlook” section under the “unreasonable efforts” exception in Item 10(e)(1)(i)(B) of Regulation S-K. Providing the most directly comparable GAAP financial measure, or a quantitative reconciliation thereto, cannot be done without unreasonable effort due to the inherent uncertainty and difficulty in predicting certain non-cash, material and/or non-recurring expenses or benefits, legal settlements or other matters, and certain tax positions. Because these adjustments are inherently variable and uncertain and depend on various factors that are beyond the Company's control, the Company is also unable to predict their probable significance. The variability of these items could have an unpredictable, and potentially significant, impact on our future GAAP financial results.
Janus International Group, Inc.
Reconciliation of Net Income to Adjusted Net Income*
(In millions)
| Three Months Ended | Six Months Ended | ||||||||||||||||||||||
| July 4, 2026 | June 28, 2025 | July 4, 2026 | June 28, 2025 | ||||||||||||||||||||
Net Income | $ | 10.7 | $ | 20.7 | $ | 10.9 | $ | 31.5 | |||||||||||||||
Net Income Adjustments(1) | 4.1 | 1.6 | 10.9 | 3.2 | |||||||||||||||||||
| Amortization | 12.0 | 8.2 | 24.0 | 16.5 | |||||||||||||||||||
Tax Effect on Net Income Adjustments(2) | (2.9) | (2.3) | (10.5) | (5.1) | |||||||||||||||||||
Non-GAAP Adjusted Net Income* | $ | 23.9 | $ | 28.2 | $ | 35.3 | $ | 46.1 | |||||||||||||||
(1)Net Income Adjustments for the three month period ended July 4, 2026 include $1.6 of restructuring charges, $2.1 of acquisition expenses and $0.4 of other. Net Income Adjustments for the six month period ended July 4, 2026 include $4.2 of acquisition expenses, $4.2 of restructuring charges, $2.1 of loss on extinguishment of debt, and $0.4 of other. Refer to the Adjusted EBITDA table above for further details.
(2)The effective tax rates of 18.3% and 23.6% were used for the three months ended July 4, 2026 and June 28, 2025, respectively. The effective tax rates of 30.1% and 25.9% were used for the six months ended July 4, 2026 and June 28, 2025, respectively.
*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.
Janus International Group, Inc.
Adjusted EPS*
(In millions, except share and per share data)
| Three Months Ended | Six Months Ended | ||||||||||||||||||||||
| July 4, 2026 | June 28, 2025 | July 4, 2026 | June 28, 2025 | ||||||||||||||||||||
| Numerator: | |||||||||||||||||||||||
| GAAP Net Income | $ | 10.7 | $ | 20.7 | $ | 10.9 | $ | 31.5 | |||||||||||||||
Non-GAAP Adjusted Net Income* | $ | 23.9 | $ | 28.2 | $ | 35.3 | $ | 46.1 | |||||||||||||||
| Denominator: | |||||||||||||||||||||||
| Weighted average number of shares: | |||||||||||||||||||||||
| Basic | 136,425,432 | 139,552,809 | 137,394,908 | 139,801,720 | |||||||||||||||||||
| Adjustment for Dilutive Securities | 161,472 | 451,281 | 285,671 | 335,572 | |||||||||||||||||||
| Diluted | 136,586,904 | 140,004,090 | 137,680,579 | 140,137,292 | |||||||||||||||||||
| GAAP Basic EPS | $ | 0.08 | $ | 0.15 | $ | 0.08 | $ | 0.23 | |||||||||||||||
| GAAP Diluted EPS | $ | 0.08 | $ | 0.15 | $ | 0.08 | $ | 0.22 | |||||||||||||||
| Non-GAAP Adjusted Basic EPS* | $ | 0.17 | $ | 0.20 | $ | 0.26 | $ | 0.33 | |||||||||||||||
| Non-GAAP Adjusted Diluted EPS* | $ | 0.17 | $ | 0.20 | $ | 0.26 | $ | 0.33 | |||||||||||||||
*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.
Janus International Group, Inc.
Free Cash Flow Conversion*
(In millions, except percentages)
| Six Months Ended | |||||||||||
| July 4, 2026 | June 28, 2025 | ||||||||||
Cash flow from Operating Activities | $ | 60.6 | $ | 99.7 | |||||||
| Less: Purchases of property, plant and equipment | (5.6) | (13.2) | |||||||||
| Free Cash Flow* | $ | 55.0 | $ | 86.5 | |||||||
Non-GAAP Adjusted Net Income* | $ | 35.3 | $ | 46.1 | |||||||
Free Cash Flow Conversion of Non-GAAP Adjusted Net Income* | 156 | % | 188 | % | |||||||
| Trailing Twelve-Months Ended | |||||||||||
| July 4, 2026 | June 28, 2025 | ||||||||||
| Cash flow provided by Operating Activities | $ | 100.4 | $ | 194.1 | |||||||
| Less: Purchases of property, plant and equipment | (17.9) | (23.0) | |||||||||
| Free Cash Flow* | $ | 82.5 | $ | 171.1 | |||||||
Non-GAAP Adjusted Net Income*(1) | $ | 63.8 | $ | 81.2 | |||||||
Free Cash Flow Conversion of Non-GAAP Adjusted Net Income* | 129 | % | 211 | % | |||||||
*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.
(1)Trailing Twelve-month Adjusted Net Income for the period ended July 4, 2026 consists of the sum of Adjusted Net Income, of $22.6, $15.6, $1.7 and $23.9 for the periods ended September 27, 2025, January 3, 2026, April 4, 2026 and July 4, 2026, respectively. Trailing Twelve-month Adjusted Net Income for the period ended June 28, 2025 consists of the sum of Adjusted Net Income of $21.8, $13.5, $17.7 and $28.2 for the periods ended September 28, 2024, December 28, 2024, March 29, 2025 and June 28, 2025, respectively.
Janus International Group, Inc.
Non-GAAP Net Leverage Ratio*
(In millions, except ratios)
| July 4, 2026 | January 3, 2026 | ||||||||||
| Note payable - First Lien | $ | 549.6 | $ | 551.0 | |||||||
| Less: Cash | 127.0 | 194.4 | |||||||||
| Net Debt* | $ | 422.6 | $ | 356.6 | |||||||
Net Income*(1) | $ | 33.2 | $ | 53.8 | |||||||
Adjusted EBITDA*(2) | $ | 154.0 | $ | 168.2 | |||||||
Long-Term Debt to Net Income | 16.6 | 10.2 | |||||||||
| Non-GAAP Net Leverage Ratio* | 2.7 | 2.1 | |||||||||
*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.
(1)Trailing Twelve-months Net Income for the period ended July 4, 2026 consists of the sum of Net Income as reported in the Company’s Quarterly and Annual Reports, as applicable of $15.2, $7.1, $0.2 and $10.7 for the periods ended September 27, 2025, January 3, 2026, April 4, 2026 and July 4, 2026, respectively. Trailing Twelve-months Net Income for the period ended January 3, 2026 is Net Income as reported in the Company’s Annual Report on Form 10-K for the year ended January 3, 2026.
(2)Trailing Twelve-months Adjusted EBITDA for the period ended July 4, 2026 consists of the sum of Adjusted EBITDA as reported in the Company’s Quarterly or Annual Reports, as applicable of $43.6, $37.2, $33.0 and $40.2 for the three month periods ended September 27, 2025, January 3, 2026, April 4, 2026 and July 4, 2026, respectively. Trailing Twelve-month Adjusted EBITDA for the period ended January 3, 2026 is Adjusted EBITDA as reported in the Company’s Annual Report on Form 10-K for the year ended January 3, 2026.
Investor Contact
Sara Macioch
Senior Director, Investor Relations
770-562- 6399
IR@janusintl.com
Media Contact
Christine DeBord
Marketing
Marketing@janusintl.com
Source: Janus International Group, Inc.
1JanusIntl.com Presented by: JanusIntl.com SECOND QUARTER 2026 EARNINGS PRESENTATION Augus 11, 2026
2JanusIntl.com Forward-Looking Statements Certain statements in this communication, including the estimated guidance provided under “2026 Guidance and Key Planning Assumptions,” “Long-Term Fundamentals and Investment Highlights” and “Positioned for Sequential Margin Improvement”, herein, may be considered “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this communication are forward-looking statements, including, but not limited to statements regarding Janus’s belief regarding the demand outlook for Janus’s products and the strength of the industrials markets. When used in this communication, words such as “plan,” “believe,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,” “forecast,” “project,” “continue,” “could,” “may,” “might,” “possible,” “potential,” “predict,” “should,” “would,” “will,” and other similar words and expressions or the negative of such terms or other similar expressions, identify forward-looking statements. The forward-looking statements contained in this communication are based on our current expectations and belief concerning future developments and their potential effects on us. We cannot assure you that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Some factors that could cause actual results to differ include, but are not limited to: (i) risks of the self-storage industry; (ii) the highly competitive nature of the self-storage industry and Janus’s ability to compete therein; (iii) litigation, complaints, and/or adverse publicity; (iv) general economic conditions, including the capital and credit markets, and adverse macroeconomic conditions, including unemployment, inflation, supply chain constraints, tariffs and trade restrictions, geopolitical conflicts, fluctuating interest rates, changes in consumer practices due to slower economic growth, and regional or global liquidity constraints; (v) cyber incidents or directed attacks that could result in information theft, data corruption, operational disruption and/or financial loss; (vi) risks related to our share repurchase program; (vii) the risk that we will not be able to successfully integrate and develop Kiwi II Construction into our operations; (viii) inability to realize expected benefits and efficiencies from our cost-savings initiatives and restructuring activities; and (ix) the risk that the demand outlook for Janus’s products may not be as strong as anticipated. There can be no assurance that the events, results, trends or guidance regarding financial outlook identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and Janus is not under any obligation and expressly disclaims any obligation, to update, alter or otherwise revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. This communication is not intended to be all-inclusive or to contain all the information that a person may desire in considering an investment in Janus and is not intended to form the basis of an investment decision in Janus. All subsequent written and oral forward-looking statements concerning Janus or other matters and attributable to Janus or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above and under the heading “Risk Factors” in Janus’s most recently filed Annual Report on Form 10-K and any subsequent Quarterly Report on Form 10-Q, as updated from time to time in amendments and its subsequent filings with the SEC.
3JanusIntl.com Non-GAAP Financial Measures 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. Please see the Appendix of this presentation, which includes definitions of non-GAAP measures and metrics used in this presentation and reconciliations of non-GAAP measures to the most directly comparable GAAP measure. Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Net Income, Adjusted Diluted EPS, Free Cash Flow, Free Cash Flow Conversion of Adjusted Net Income, and Net Leverage Ratio are non-GAAP financial measures used by Janus to evaluate its operating performance, generate future operating plans, and make strategic decisions, including those relating to operating expenses and the allocation of internal resources. Accordingly, Janus believes these non-GAAP financial measures provide useful information to investors and others in understanding and evaluating Janus’s operating results in the same manner as its management and board of directors and in comparison with Janus’s peer group companies. In addition, these non-GAAP financial measures provide useful measures for period-to-period comparisons of Janus’s business, as they remove the effect of certain non-recurring events and other non-recurring charges, such as acquisitions, and certain variable or non-recurring charges. Adjusted EBITDA is defined as net income excluding interest expense, income taxes, depreciation expense, amortization, and other non-operational, non-recurring items. Adjusted EBITDA Margin is defined as Adjusted EBITDA divided by total revenue. Adjusted Net Income is defined as net income as adjusted for the corresponding tax-adjusted add-backs shown in the Adjusted EBITDA reconciliation. Adjusted Diluted EPS is defined as Adjusted Net Income divided by the diluted weighted average number of shares outstanding. Free Cash Flow is calculated by subtracting capital expenditures from cash provided by operating activities. Free Cash Flow Conversion of Adjusted Net Income is calculated as free cash flow divided by Adjusted Net Income. Net Leverage Ratio is defined as the ratio of our consolidated senior secured indebtedness reduced by cash to our trailing four-quarter consolidated Adjusted EBITDA. Please note that the Company has not provided the most directly comparable GAAP financial measure, or a quantitative reconciliation thereto, for the Adjusted EBITDA and Inorganic Revenue forward-looking guidance for 2026 included in this communication in reliance on the "unreasonable efforts" exception provided under Item 10(e)(1)(i)(B) of Regulation S-K. Providing the most directly comparable GAAP financial measure, or a quantitative reconciliation thereto, cannot be done without unreasonable effort due to the inherent uncertainty and difficulty in predicting certain non-cash, material and/or non-recurring expenses or benefits, legal settlements or other matters, and certain tax positions. Because these adjustments are inherently variable and uncertain and depend on various factors that are beyond the Company's control, the Company is also unable to predict their probable significance. The variability of these items could have an unpredictable, and potentially significant, impact on our future GAAP financial results, and amounts excluded from these non-GAAP measures in future periods could be significant. Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Net Income, Adjusted Diluted EPS, Free Cash Flow, Free Cash Flow Conversion of Adjusted Net Income, and Net Leverage Ratio should not be considered in isolation of, or as an alternative to, measures prepared in accordance with GAAP. There are a number of limitations related to the use of these non-GAAP measures rather than the nearest GAAP equivalent of Adjusted EBITDA and Adjusted Net Income. These limitations include that the non-GAAP financial measures: exclude depreciation and amortization, and although these are non-cash expenses, the assets being depreciated may be replaced in the future; do not reflect interest expense, or the cash requirements necessary to service interest on debt, which reduces cash available; do not reflect the provision for or benefit from income tax that may result in payments that reduce cash available; exclude non-recurring items (i.e., the extinguishment of debt); and may not be comparable to similar non-GAAP financial measures used by other companies, because the expenses and other items that Janus excludes in the calculation of these non-GAAP financial measures may differ from the expenses and other items, if any, that other companies may exclude from these non-GAAP financial measures when they report their operating results. Because of these limitations, these non-GAAP financial measures should be considered along with other operating and financial performance measures presented in accordance with GAAP.
4JanusIntl.com Ramey Jackson Chief Executive Officer 2Q26 Review & Business Update Anselm Wong Chief Financial Officer 2Q26 Financial Overview & Guidance Update Agenda
5JanusIntl.com Second Quarter 2026 Highlights • Delivered $233.5 million in Total Revenue compared to $228.1 million in 2Q 2025 • Total Self-Storage up 15.4% year-over-year; New Construction up 20.3%, Restore, Rebuild & Replace (“R3”) up 6.6% ◦ Kiwi II Construction contributed $19.2 million to the New Construction sales channel • Commercial & Other declined 21.2% • International revenue of $31.1 million, up 9.5% year-over-year • Net Income of $10.7 million compared to Net Income of $20.7 million in 2Q 2025 • Adjusted EBITDA1 of $40.2 million, down 18.0% year-over-year, resulting in Adjusted EBITDA Margin1 of 17.2% • Cash flow from operations of $24.4 million. Free cash flow1 generation of $21.6 million; trailing twelve- month period ended July 4, 2026, free cash flow conversion of Adj. Net Income1 of 129% 1. Adjusted EBITDA, Adjusted EBITDA Margin, Free Cash Flow, and Free Cash Flow Conversion of Adjusted Net Income are not financial measures determined in accordance with GAAP. For a definition of these metrics and a reconciliation to our most directly comparable financial measure calculated and presented in accordance with GAAP, please see the Appendix of this presentation. Financial Results Operational & Capital Allocation • Nokē Smart Entry System total installed units of 501,000 at quarter end, up 22.5% year-over-year • Repurchased approximately 367,000 shares for $1.9 million (including commissions and excise taxes) • Repurchased 3.2 million shares for $17.6 million year-to-date (including commissions and excise taxes)
6JanusIntl.com G.R.O.W. Strategy Ramp Adoption of Smart Security Solutions Capitalize on existing customer relationships to drive further penetration of Nokē in self-storage Outperform in Commercial Markets Further develop product offering and utilize leading scale and global footprint to take share in highly fragmented commercial door market Greater Penetration of Self-Storage Expand design-build services, increase facility content, and leverage differentiated R3 capabilities to increase share Win Through Strategic, Accretive Acquisitions Continue to source, evaluate, and execute on strategic M&A to expand product and solutions offering G R O W Executing a focused strategy to expand share, scale technology and security solutions, and create long-term value
7JanusIntl.com Financial Results Overview 1. Adjusted EBITDA, Adjusted Net Income, Adjusted Diluted EPS, and Free Cash Flow are not financial measures determined in accordance with GAAP. For a definition of these metrics and a reconciliation to our most directly comparable financial measure calculated and presented in accordance with GAAP, please see the Company’s latest filings with the SEC as well as the Appendix of this presentation. Adj. EBITDA1 $40.2M 18.0% decrease 17.2% margin Revenue $233.5M 2.4% increase Adj. Diluted EPS1 $0.17 Adj. Net Income1 of $23.9M Operating Cash Flow $24.4M FCF1 of $21.6M Adj. EBITDA1 $73.2M 16.2% decrease 16.0% margin Revenue $456.2M 4.0% increase Adj. Diluted EPS1 $0.26 Adj. Net Income1 of $35.3M Operating Cash Flow $60.6M FCF1 of $55.0M 2Q 2026 YTD 2026
8JanusIntl.com Revenue Breakdown by Sales Channel New Construction R3 Commercial & Other • 2Q 2026 revenue of $113.0M up 20.3% year-over-year • $19.2 million in revenue from Kiwi II Construction • Strength in International business offset continued softness in North America • 2Q 2026 revenue of $56.4M up 6.6% year-over-year • Strength in door replacements and redevelopment activity • Increases in conversion and expansion activity • 2Q 2026 revenue of $64.1M down 21.2% year-over-year • Lower demand for commercial sheet doors • Partially offset by strength in rolling steel $ in millions
9JanusIntl.com Second Quarter 2026 Revenue and Adj. EBITDA1 Drivers Revenue Adjusted EBITDA $ in millions 1. Adjusted EBITDA is not a financial measure determined in accordance with GAAP. For a definition of this metric and a reconciliation to our most directly comparable financial measure calculated and presented in accordance with GAAP, please see the Appendix of this presentation.
10JanusIntl.com Year-to-Date 2026 Revenue and Adj. EBITDA1 Drivers Revenue Adjusted EBITDA 1. Adjusted EBITDA is not a financial measure determined in accordance with GAAP. For a definition of this metric and a reconciliation to our most directly comparable financial measure calculated and presented in accordance with GAAP, please see the Company’s latest filings with the SEC as well as the Appendix of this presentation. $ in millions
11JanusIntl.com Strong Balance Sheet & Liquidity Enable Financial Flexibility Balanced Capital Allocation Approach Acquisitions • Track record of identifying, executing, and integrating acquisitions to support strategic growth • Highly accretive M&A strategy • Acquired Kiwi II Construction in January 2026 Share Repurchases • Repurchased 3.2 million shares for $17.6M in 2026 YTD (including commissions and excise taxes) • $63.1 million remaining under share repurchase authorization at quarter end Organic Growth • Invest in key growth initiatives • Further penetrate self-storage market and utilize scale and footprint to increase share in commercial door market • Drive adoption of smart security solutions through NokēTM platform Debt Management • Completed repricing of First Lien Term Loan in 1Q 2026, reducing interest rate from SOFR +250 bps to SOFR +200 bps 2 1 3 4 Solid Free Cash Flow1 Generation 1. Free Cash Flow, Free Cash Flow Conversion of Adjusted Net Income and Net Leverage are not financial measures determined in accordance with GAAP. For a definition of these metrics and a reconciliation to our most directly comparable financial measure calculated and presented in accordance with GAAP, please see the Appendix of this presentation. ($ in millions) Strong Net Leverage1 Profile
12JanusIntl.com 1. Figures in this slide represent the Company’s targets and no guarantee can be provided that these figures or other potential results discussed in this Slide will be achieved. See “Forward-Looking Statements.” 2. Represents implied 2H 2026 Adjusted EBITDA Margin based on the midpoint of guidance. 3. Adjusted EBITDA Margin is not a financial measure determined in accordance with GAAP. The Company has not provided the most directly comparable GAAP financial measure, or a quantitative reconciliation thereto, for the 2H 2026 Adjusted EBITDA Margin forward-looking guidance for 2026. See "Non-GAAP Financial Measures" for more information. Positioned for Sequential Margin Improvement1 Actions Underway to Support Improved Second Half Margins • Further realization of commercial actions • Improved manufacturing efficiency and facility utilization • Continued operational optimization initiatives • Selective product development focused on customer driven, cost effective solutions Additional levers expected to support profitability in the second half despite ongoing macro volatility 2 3
13JanusIntl.com Assumption Estimate Depreciation and Amortization $58M - $68M Capital Expenditures 1.5% - 2.0% of Revenue Interest Expense, net $29M - $34M Effective Tax Rate 28% - 31% Revenue $925M - $945M Includes $80M - $90M inorganic revenue 5.7% growth at the midpoint year-over-year Adjusted EBITDA2 $150M - $170M 4.9% decline at the midpoint year-over-year 1. Figures in this slide represent the Company’s targets and no guarantee can be provided that these figures or other potential results discussed in this Slide will be achieved. See “Forward-Looking Statements.” 2. Adjusted EBITDA is not a financial measure determined in accordance with GAAP. The Company has not provided the most directly comparable GAAP financial measure, or a quantitative reconciliation thereto, for the Adjusted EBITDA and Inorganic Revenue forward-looking guidance for 2026. See "Non-GAAP Financial Measures" for more information. 2026 Guidance and Key Planning Assumptions1
14JanusIntl.com Long-Term Fundamentals and Investment Highlights Industry Leader in Well-Structured Market with Attractive Areas for Expansion Sustainable Demand Drivers Support Future Growth 1. Source; Yardi Matrix. 2. Source: MSM 2023 Self-Storage Almanac Self-Storage Demand Study and 2025 SSA Self-storage Demand Study. Self-Storage (New Construction & R3): • Demand driven by recurring life events • Elevated occupancy rates drive new capacity additions • Average age of facilities >20 years1 drives R3 activity • Increasing household utilization2 Commercial & Other: • Continued commercial construction with focus on efficiency and security • Investment in warehouse and distribution networks • Variety of offerings that touch multiple end markets Self-Storage (New Construction and R3): • Provider of end-to-end solutions, from early design to facility buildout to repair, upgrade, technological advancements and modernization • Industry leader, expanding scale in existing markets and leveraging innovation solutions • Global footprint across North America, Europe and Australia Commercial & Other: • Utilizing scale and footprint to increase share in growing market for commercial doors • Terminal maintenance capabilities
15JanusIntl.com APPENDIX
16JanusIntl.com Adjusted EBITDA* Reconciliation (In millions, except percentages) *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. Three Months Ended Variance July 4, 2026 Margin(1) June 28, 2025 Margin(1) $ % Net Income $ 10.7 4.6 % $ 20.7 9.1 % $ (10.0) (48.3) % Interest, net 7.4 9.1 (1.7) (18.7) % Income taxes 2.4 6.4 (4.0) (62.5) % Depreciation 3.6 3.0 0.6 20.0 % Amortization 12.0 8.2 3.8 46.3 % EBITDA* $ 36.1 15.5 % $ 47.4 20.8 % $ (11.3) (23.8) % Restructuring charges(2) 1.6 0.8 0.8 100.0 % Acquisition expense(3) 2.1 0.8 1.3 162.5 % Other 0.4 — 0.4 — % Adjusted EBITDA* $ 40.2 17.2 % $ 49.0 21.5 % $ (8.8) (18.0) % 1. Net Income Margin, EBITDA Margin, and Adjusted EBITDA Margin are defined as Net Income divided by revenue, EBITDA divided by total revenue, and Adjusted EBITDA divided by total revenue, respectively. 2. Restructuring charges consist of the following: 1) facility relocations, 2) severance and hiring costs associated with our strategic transformation, including leadership team changes, and 3) strategic business assessment and transformation projects. 3. Expenses related to various professional fees, acquisition related compensation, and various acquisition related activities.
17JanusIntl.com Adjusted EBITDA* Reconciliation Continued (In millions, except percentages) *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. Six Months Ended Variance July 4, 2026 Margin(1) June 28, 2025 Margin(1) $ % Net Income $ 10.9 2.4 % $ 31.5 7.2 % $ (20.6) (65.4) % Interest, net 15.5 19.3 (3.8) (19.7) % Income taxes 4.7 11.0 (6.3) (57.3) % Depreciation 7.2 5.9 1.3 22.0 % Amortization 24.0 16.5 7.5 45.5 % EBITDA* $ 62.3 13.7 % $ 84.2 19.2 % $ (21.9) (26.0) % Restructuring charges(2) 4.2 1.2 3.0 250.0 % Acquisition expense(3) 4.2 1.7 2.5 147.1 % Loss on extinguishment and modification of debt(4) 2.1 — 2.1 — % Other 0.4 0.3 0.1 33.3 % Adjusted EBITDA* $ 73.2 16.0 % $ 87.4 19.9 % $ (14.2) (16.2) % 1. Net Income Margin, EBITDA Margin, and Adjusted EBITDA Margin are defined as Net Income divided by revenue, EBITDA divided by total revenue, and Adjusted EBITDA divided by total revenue, respectively. 2. Restructuring charges consist of the following: 1) facility relocations, 2) severance and hiring costs associated with our strategic transformation, including leadership team changes, and 3) strategic business assessment and transformation projects. 3. Expenses related to various professional fees, acquisition related compensation, and various acquisition related activities. 4. Adjustment for loss on extinguishment and modification of debt regarding the write off of unamortized fees and third-party fees as a result of the debt modification completed in February 2026.
18JanusIntl.com Adjusted EBITDA* Reconciliation Continued (In millions, except percentages) *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. Year Ended January 3, 2026 December 28, 2024 December 30, 2023 December 31, 2022 January 1, 2022 Net Income $ 53.8 $ 70.4 $ 135.7 $ 107.7 $ 43.8 Interest expense, net 36.8 49.6 60.0 42.0 32.9 Income taxes 21.7 29.9 47.1 37.6 6.5 Depreciation 12.9 12.0 9.3 7.9 6.4 Amortization 33.2 32.0 29.8 29.7 31.6 EBITDA* $ 159.3 $ 193.9 $ 281.9 $ 224.9 $ 121.2 Restructuring (income) expenses 3.5 (2.9) 1.2 – – Impairment 0.7 12.0 – – – Loss on extinguishment and modification of debt – 1.7 3.9 – – Acquisition expense (income) 4.2 3.5 (1.4) 0.8 – Loss (gain) on extinguishment of debt – – – – 2.4 COVID-19 related expenses – – – 0.1 1.3 Transaction related expenses – – – – 10.4 Facility relocation – – – 0.6 1.1 Share-based compensation – – – – 5.2 Severance and transition costs – – – 0.5 – Change in fair value of contingent consideration – – – – 0.7 Change in fair value of derivative warrant liabilities – – – – 5.9 Other 0.5 0.3 – – – Adjusted EBITDA* $ 168.2 $ 208.5 $ 285.6 $ 226.9 $ 148.2 Net Income Margin 6.1% 7.3% 12.7% 10.6% 5.8% Adjusted EBITDA Margin* 19.0% 21.6% 26.8% 22.3% 19.8%
19JanusIntl.com Adjusted Net Income Reconciliation* (In millions, except percentages) Three Months Ended Six Months Ended July 4, 2026 June 28, 2025 July 4, 2026 June 28, 2025 Net Income $ 10.7 $ 20.7 $ 10.9 $ 31.5 Net Income Adjustments(1) 4.1 1.6 10.9 3.2 Amortization 12.0 8.2 24.0 16.5 Tax Effect on Net Income Adjustments(2) (2.9) (2.3) (10.5) (5.1) Non-GAAP Adjusted Net Income* $ 23.9 $ 28.2 $ 35.3 $ 46.1 *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. 1. Net Income Adjustments for the three month period ended July 4, 2026 include $1.6 of restructuring charges, $2.1 of acquisition expenses and $0.4 of other. Net Income Adjustments for the six month period ended July 4, 2026 include $4.2 of acquisition expenses, $4.2 of restructuring charges, $2.1 of loss on extinguishment of debt, and $0.4 of other. Refer to the Adjusted EBITDA table above for further details. 2. The effective tax rates of 18.3% and 23.6% were used for the three months ended July 4, 2026 and June 28, 2025, respectively. The effective tax rates of 30.1% and 25.9% were used for the six months ended July 4, 2026 and June 28, 2025, respectively.
20JanusIntl.com Adjusted Net Income Reconciliation* Continued (In millions, except percentages) *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. Year Ended January 3, 2026 December 28, 2024 December 30, 2023 December 31, 2022 January 1, 2022 Net Income $ 53.8 $ 70.4 $ 135.7 $ 107.7 $ 43.8 Net Income Adjustments(1) 8.9 14.6 3.7 2.1 27.0 Amortization 33.2 32.0 29.8 29.7 31.6 Prior Year Adjustment – 1.5 – – – Effective Tax Rate 29.8% 29.8% 25.8% 25.9% 12.9% Tax Effect on Non-GAAP Net Income Adjustments (12.5) (13.9) (8.6) (8.2) (7.6) Non-GAAP Adjusted Net Income* $ 83.4 $ 104.6 $ 160.6 $ 131.2 $ 94.8 1. Refer to the adjusted EBITDA tables above for detailed breakout of adjustment items.
21JanusIntl.com Non-GAAP Adjusted EPS* (In millions, except share and per share data) Three Months Ended Six Months Ended July 4, 2026 June 28, 2025 July 4, 2026 June 28, 2025 Numerator: GAAP Net Income $ 10.7 $ 20.7 $ 10.9 $ 31.5 Non-GAAP Adjusted Net Income* $ 23.9 $ 28.2 $ 35.3 $ 46.1 Denominator: Weighted average number of shares: Basic 136,425,432 139,552,809 137,394,908 139,801,720 Adjustment for Dilutive Securities 161,472 451,281 285,671 335,572 Diluted 136,586,904 140,004,090 137,680,579 140,137,292 GAAP Basic EPS $ 0.08 $ 0.15 $ 0.08 $ 0.23 GAAP Diluted EPS $ 0.08 $ 0.15 $ 0.08 $ 0.22 Non-GAAP Adjusted Basic EPS* $ 0.17 $ 0.20 $ 0.26 $ 0.33 Non-GAAP Adjusted Diluted EPS* $ 0.17 $ 0.20 $ 0.26 $ 0.33 *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.
22JanusIntl.com Free Cash Flow Conversion* (In millions, except percentages) Three Months Ended Six Months Ended Trailing Twelve-Months Ended Year Ended July 4, 2026 July 4, 2026 July 4, 2026 January 3, 2026 December 28, 2024 December 30, 2023 December 31, 2022 January 1, 2022 Cash flow from Operating Activities $ 24.4 $ 60.6 $ 100.4 $ 139.5 $ 154.0 $ 215.0 $ 88.5 $ 74.8 Less: Purchases of property, plant and equipment (2.8) (5.6) (17.9) (25.5) (20.1) (19.0) (8.8) 19.9 Plus one-time proceeds of sale/leaseback — — — — — — — 9.6 Free Cash Flow* $ 21.6 $ 55.0 $ 82.5 $ 114.0 $ 133.9 $ 196.0 $ 79.7 $ 64.6 Non-GAAP Adjusted Net Income(1)* $ 23.9 $ 35.3 $ 63.8 $ 83.4 $ 104.6 $ 160.6 $ 131.2 $ 94.8 Free Cash Flow Conversion of Non-GAAP Adjusted Net Income* 91% 156% 129% 137% 128% 122% 61% 68% *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. 1. Trailing Twelve-month Adjusted Net Income for the period ended July 4, 2026 consists of the sum of Adjusted Net Income, of $22.6, $15.6, $1.7 and $23.9 for the periods ended September 27, 2025, January 3, 2026, April 4, 2026 and July 4, 2026, respectively.
23JanusIntl.com Net Leverage Ratio* (In millions, except ratios) *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. July 4, 2026 April 4, 2026 January 3, 2026 December 28, 2024 December 30, 2023 December 31, 2022 January 1, 2022 Note payable - First Lien $ 549.6 $ 551.0 $ 551.0 $ 598.5 $ 623.4 $ 714.3 $ 722.4 Less: Cash 127.0 112.0 194.4 149.3 171.7 78.4 13.2 Net Debt* $ 422.6 $ 439.0 $ 356.6 $ 449.2 $ 451.7 $ 635.9 $ 709.2 Net Income(1) $ 33.2 $ 43.2 $ 53.8 $ 70.4 $ 135.7 $ 107.7 $ 43.8 Adjusted EBITDA*(2) $ 154.0 $ 162.8 $ 168.2 $ 208.5 $ 285.6 $ 226.9 $ 148.2 Long-Term Debt to Net Income 16.6 12.8 10.2 8.5 4.6 6.6 16.5 Non-GAAP Net Leverage Ratio* 2.7 2.7 2.1 2.2 1.6 2.8 4.8 1. Trailing Twelve-months Net Income for the period ended July 4, 2026 consists of the sum of Net Income as reported in the Company’s Quarterly and Annual Reports, as applicable of $15.2, $7.1, $0.2 and $10.7 for the periods ended September 27, 2025, January 3, 2026, April 4, 2026 and July 4, 2026, respectively. Trailing Twelve-months Net Income for the period ended April 4, 2026 consists of the sum of Net Income as reported in the Company’s Quarterly and Annual Reports, as applicable of $20.7, $15.2, $7.1 and $0.2 for the periods ended June 28, 2025, September 27, 2025, January 3, 2026 and April 4, 2026, respectively. Net Income for the years ended January 3, 2026, December 28, 2024, December 30, 2023, December 31, 2022 and January 1, 2022 is Net Income as reported in the Company’s Annual Report on Form 10-K as applicable. 2. Trailing Twelve-months Adjusted EBITDA for the period ended July 4, 2026 consists of the sum of Adjusted EBITDA as reported in the Company’s Quarterly or Annual Reports, as applicable of $43.6, $37.2, $33.0 and $40.2 for the three month periods ended September 27, 2025, January 3, 2026, April 4, 2026 and July 4, 2026, respectively. Trailing Twelve-months Adjusted EBITDA for the period ended April 4, 2026 consists of the sum of Adjusted EBITDA as reported in the Company’s Quarterly or Annual Reports, as applicable of $49.0, $43.6, $37.2 and $33.0 for the three month periods ended June 28, 2025, September 27, 2025, January 3, 2026 and April 4, 2026, respectively. Adjusted EBITDA for the years ended January 3, 2026, December 28, 2024, December 30, 2023, December 31, 2022 and January 1, 2022 is Adjusted EBITDA as reported in the Company’s Annual Report on Form 10-K as applicable.
0JanusIntl.com Presented by: JanusIntl.com Augus 2026 JANUS INTERNATIONAL GROUP, INC. Investor Presentation
1JanusIntl.com Forward-Looking Statements Certain statements in this communication, including the estimated guidance provided under “Financial Strength” herein, may be considered “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this communication are forward-looking statements, including, but not limited to statements regarding Janus’s belief regarding the demand outlook for Janus’s products and the strength of the industrials markets. When used in this communication, words such as “plan,” “believe,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,” “forecast,” “project,” “continue,” “could,” “may,” “might,” “possible,” “potential,” “predict,” “should,” “would,” “will,” and other similar words and expressions or the negative of such terms or other similar expressions, identify forward-looking statements. The forward-looking statements contained in this communication are based on our current expectations and beliefs concerning future developments and their potential effects on us. We cannot assure you that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Some factors that could cause actual results to differ include, but are not limited to: (i) risks of the self-storage industry; (ii) the highly competitive nature of the self-storage industry and Janus’s ability to compete therein; (iii) litigation, complaints, and/or adverse publicity; (iv) general economic conditions, including the capital and credit markets, and adverse macroeconomic conditions, including unemployment, inflation, supply chain constraints, tariffs and trade restrictions, geopolitical conflicts, fluctuating interest rates, changes in consumer practices due to slower economic growth, and regional or global liquidity constraints; (v) cyber incidents or directed attacks that could result in information theft, data corruption, operational disruption and/or financial loss; (vi) risks related to our share repurchase program; (vii) the risk that we will not be able to successfully integrate and develop Kiwi II Construction into our operations; (viii) inability to realize expected benefits and efficiencies from our cost-savings initiatives and restructuring activities; and (ix) the risk that the demand outlook for Janus’s products may not be as strong as anticipated. There can be no assurance that the events, results, trends or guidance regarding financial outlook identified in these forward- looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and Janus is not under any obligation and expressly disclaims any obligation, to update, alter or otherwise revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. This communication is not intended to be all-inclusive or to contain all the information that a person may desire in considering an investment in Janus and is not intended to form the basis of an investment decision in Janus. All subsequent written and oral forward-looking statements concerning Janus or other matters and attributable to Janus or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above and under the heading “Risk Factors” in Janus’s most recently filed Annual Report on Form 10-K and any subsequent Quarterly Report on Form 10-Q, as updated from time to time in amendments and its subsequent filings with the SEC.
2JanusIntl.com Non-GAAP Financial Measures 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. Please see Appendix, which includes definitions of non-GAAP measures and metrics used in this presentation and reconciliations of non-GAAP measures to the most directly comparable GAAP measure. Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Net Income, Adjusted Diluted EPS, Free Cash Flow, Free Cash Flow Conversion of Adjusted Net Income, and Net Leverage Ratio are non-GAAP financial measures used by Janus to evaluate its operating performance, generate future operating plans, and make strategic decisions, including those relating to operating expenses and the allocation of internal resources. Accordingly, Janus believes these non-GAAP financial measures provide useful information to investors and others in understanding and evaluating Janus’s operating results in the same manner as its management and board of directors and in comparison with Janus’s peer group companies. In addition, these non-GAAP financial measures provide useful measures for period-to-period comparisons of Janus’s business, as they remove the effect of certain non-recurring events and other non-recurring charges, such as acquisitions, and certain variable or non-recurring charges. Adjusted EBITDA is defined as net income excluding interest expense, income taxes, depreciation expense, amortization, and other non-operational, non-recurring items. Adjusted EBITDA Margin is defined as Adjusted EBITDA divided by total revenue. Adjusted Net Income is defined as net income as adjusted for the corresponding tax-adjusted add-backs shown in the Adjusted EBITDA reconciliation. Adjusted Diluted EPS is defined as Adjusted Net Income divided by the diluted weighted average number of shares outstanding. Free Cash Flow is calculated by subtracting capital expenditures from cash provided by operating activities. Free Cash Flow Conversion of Adjusted Net Income is calculated as free cash flow divided by Adjusted Net Income. Net Leverage Ratio is defined as the ratio of our consolidated senior secured indebtedness reduced by cash to our trailing four-quarter consolidated Adjusted EBITDA. Please note that the Company has not provided the most directly comparable GAAP financial measure, or a quantitative reconciliation thereto, for the Adjusted EBITDA and Inorganic Revenue forward-looking guidance for 2026 included in this communication in reliance on the "unreasonable efforts" exception provided under Item 10(e)(1)(i)(B) of Regulation S-K. Providing the most directly comparable GAAP financial measure, or a quantitative reconciliation thereto, cannot be done without unreasonable effort due to the inherent uncertainty and difficulty in predicting certain non-cash, material and/or non-recurring expenses or benefits, legal settlements or other matters, and certain tax positions. Because these adjustments are inherently variable and uncertain and depend on various factors that are beyond the Company's control, the Company is also unable to predict their probable significance. The variability of these items could have an unpredictable, and potentially significant, impact on our future GAAP financial results, and amounts excluded from these non-GAAP measures in future periods could be significant. Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Net Income, Adjusted Diluted EPS, Free Cash Flow, Free Cash Flow Conversion of Adjusted Net Income, and Net Leverage Ratio should not be considered in isolation of, or as an alternative to, measures prepared in accordance with GAAP. There are a number of limitations related to the use of these non-GAAP measures rather than the nearest GAAP equivalent of Adjusted EBITDA and Adjusted Net Income. These limitations include that the non-GAAP financial measures: exclude depreciation and amortization, and although these are non-cash expenses, the assets being depreciated may be replaced in the future; do not reflect interest expense, or the cash requirements necessary to service interest on debt, which reduces cash available; do not reflect the provision for or benefit from income tax that may result in payments that reduce cash available; exclude non-recurring items (i.e., the extinguishment of debt); and may not be comparable to similar non-GAAP financial measures used by other companies, because the expenses and other items that Janus excludes in the calculation of these non-GAAP financial measures may differ from the expenses and other items, if any, that other companies may exclude from these non-GAAP financial measures when they report their operating results. Because of these limitations, these non-GAAP financial measures should be considered along with other operating and financial performance measures presented in accordance with GAAP.
3JanusIntl.com COMPANY OVERVIEW
4JanusIntl.com FOUNDED IN 2002, Janus is a leading global manufacturer and provider of turnkey self-storage, commercial, and industrial building solutions.
5JanusIntl.com Janus at a Glance \ Self-Storage demand driven by recurring life events • Recurring life events drive usage: dislocation, disaster, divorce, death, decluttering and distribution • Elevated occupancy rates drive new capacity additions • Industry consolidation and average age of facilities >20 years drives R3 activity Commercial & Other • eCommerce driving growing conversion of existing brick and mortar to warehousing and distribution • LTL trucking terminal maintenance Self-Storage (New Construction and Restore, Rebuild, Replace (“R3”)): • Provider of end-to-end solutions, from early design to facility buildout to repair, upgrade, technological advancements and modernization • Industry leader, expanding scale in existing markets and leveraging innovative solutions • Global footprint across North America, Europe and Australia Commercial & Other: • Increasing share in growing market for commercial doors • Terminal maintenance capabilities $902M Revenue 10,000+ Active Customers 17.1% Adj. EBITDA Margin(2) ~130% Free Cash Flow Conversion(2) 1,500+ Employees(3) 2.7x Net Leverage(2) Source: Janus Management Notes: 1. For the trailing twelve-month period ended July 4, 2026 as reported in the Company’s annual and quarterly filings, as applicable. 2 . Adjusted EBITDA Margin, Free Cash Flow Conversion and Net Leverage are not financial measures determined in accordance with GAAP. For a definition of these metrics and a reconciliation to our most directly comparable financial measure calculated and presented in accordance with GAAP, please see the Appendix of this presentation. 3. Excludes contract workers. By the Numbers(1) Attractive Position in Well- Structured Markets Structural Demand Drivers
6JanusIntl.com Market Leader Leader in the attractive self-storage market with structural drivers supporting long-term industry demand Investment Highlights Global Reach Diversified solutions provider with a global network of manufacturing and installation capabilities Expansion Engine Adjacent markets provide opportunities to fuel future growth Tech Advantage Unique technology offerings present recurring revenue opportunity Trusted Partner Strong customer relationships and integration across full project lifecycles Financial Strength Solid balance sheet and robust cash flow generation
7JanusIntl.com Sales Channel Overview and Fundamentals $902M LTM Revenue Self-Storage Mix: 70.2% New Construction Restore, Rebuild, Replace (R3) High Facility Occupancy Rates • Currently > 90%(1) • Historical ~ 85% Well-Capitalized Owners • REITs • Institutional investors Age of Existing Facilities • Average facility > 20 years old Consolidation • Self-Storage M&A • 3rd party managed facilities Growing Small Business Use Commercial & Other LTL Trucking Terminal Maintenance Greater Use = Shorter Life = More Frequent Replacement Variety of offerings that touch multiple end markets Opportunities for new technology Notes: 1. Source: Public filings for PSA, CUBE, SMA, NSA and EXR. 29.8% 26.3% 43.9%
8JanusIntl.com Solutions Portfolio by Sales Channels Commercial & OtherSelf-Storage – New Construction and R3 Pr od uc ts Pr od uc ts Se rv ic es Se rv ic es INTERIOR FACILITY OFFERINGS: • Roll-up and swing doors • Movable additional storage structures • Mezzanine systems • Hallway systems • Nokē product line EXTERIOR FACILITY OFFERINGS: • Buildings and building components • Roofing solutions • Access control systems • Facility planning and assessments • Installation and support services • Renovations and replacements • Unit remix / reconfigurations • Maintenance services • Commercial sheet doors • Medium-duty roll-up doors • Heavy-duty roll-up doors • Rolling steel doors • Motor operators • Carports & sheds • LTL trucking terminal maintenance services • Dock door & bay repairs • Installation and support services
9JanusIntl.com GO-TO-MARKET OVERVIEW
10JanusIntl.com Self-Storage Market Fundamentals • 12.6% of U.S. households utilize self-storage, up from 9.0% in 2005(1) • 19.0 month average length of stay, up 1.1% year-over-year(2) Public Self-Storage REIT Same-Store YOY Revenue Growth(3) Notes: 1. 2025 SSA Self-storage Demand Study. MSM Self-Storage Almanac Self-Storage Demand Study, 2023. 2 . Source: Storable Q2 2026 Self-Storage Industry Pulse. 3. Source: Public filings for PSA, CUBE, SMA and EXR. 4. Source: Yardi Matrix. Structural demand drivers for self-storage are not fully dependent on market, mainly arising from recurring life events such as dislocation, divorce, decluttering, disaster, death and distribution Favorable Tailwinds for R3 ActivityIncreasing Awareness and Length of Stay High Occupancy Rates Support New Construction • 90%+ occupancy rates(3) • Operating above ~85% historical average • 65% of facilities are 20+ years old(4) • Continued Industry consolidation drives R3 activity 4.9% 2.7% 2.7% -3.4% -0.5% 4.5% 5.2% 6.6% 6.7% 7.7% 7.9% 5.8% 3.2% 1.9% 0.8% 13.7% 14.5% 3.9% -0.2% 0.3% -10.0% -5.0% 0.0% 5.0% 10.0% 15.0% 20.0% 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
11JanusIntl.com Full Lifecycle Partner to Self-Storage Developers Highly integrated with customers at each phase of a project across the planning, construction, security, and renovation ` ` ` Restore, Rebuild, Replace (R3) Construction Facility Planning Access Control ⚫ Integrated in customer planning cycles ⚫ Delivers design consultation and industry-leading architectural network ⚫ Critical to optimizing unit economics ⚫ Industry leading self-storage products ⚫ Robust building solutions and trusted GC and installationnetwork ⚫ Speed and reliability of construction ⚫ Replace damaged or end-of-life products ⚫ Remix to optimize facility economics ⚫ Renovate to refresh / rebrand locations ⚫ Industry leading access control technology platform ⚫ New construction and retrofit ⚫ Attractive recurring revenue opportunity Facility plan ✓ Integrated into the facility planning / renovation process, where Janus’ products are spec'd-in (often on a sole source basis) ✓ Trusted network of GCs and installers who specialize in Janus solutions ensure projects are completed with speed and reliability ✓ R3 platform serves as the “one-stop-shop” to revitalize, enhance, and improve the economics of aging self-storage assets
12JanusIntl.com Provider of Self-Storage Solutions for New Facilities Note: 1. Value-added sales include material, freight, and installation sales; material only includes material and freight sales. 40% 25% 10% 15% 5-10% Structure / Building Labor Interior Systems & Components Other (e.g., Paving Roofing • Leveraging favorable industry reputation to increase content within self- storage facilities through design-build businesses • Installation of Janus’ interior products is typically the final action before a self-storage unit can generate rental income • High cost of failure and small portion of overall facility cost results in customers placing a premium on efficiency and reliability • Low incentive to switch suppliers, sole source arrangements Example of Self-Storage CapEx Breakout (New Build) • Janus provides value-added services, such as site pre-work planning, site drawings, installation, project management, and 3rd party security • Janus differentiatesitself through on-time delivery, efficient installation, best-in-class service, and a reputation for high quality products • Purchase decisions at the large institutional accounts is driven in large part by value-added services and installation Janus Sales Breakdown (2025A)(1) Janus Focuses on Value-Added SalesDevelopers Partner with Janus for Quality and Reliability 87% 13% Value-Added Self-Storage Sales Material Only Self Storage Sales 30 25 20% 15 10%
13JanusIntl.com Interior Solutions for Self-Storage Janus offers a full-suite of products, solutions, and value-added services1 2 3 4 5 6 7 8 9 10 11 12 13 14 1518 16 Nokē AppNokē Ion16 17 Mezzanine Systems Hallway SystemsHardware & Accessories 6 87 Swing Doors4 Movable Additional Storage Structures5 Internal Hallway Soffit Ceiling Systems and Integrated Light FixturesLocker Systems9 10 Diamond Plate Wainscotting 13 Door LocksFiller Panels11 12 Galvanized Angles and Mitered Corner Guard Non-Structural Unit Partitions 14 15 Roll-Up Doors1 Faux Doors2 Faux Windows3 Not Shown in Diagrams Products Systems and Components Security Solutions Value-Added Services Nokē smart lock systems provide wireless access control and security technologies to self-storage operators Pre-Work Visit & Measuring General Contracting Site Drawings Project Management Installation 3rd Party Security Nokē Accessories18 17 7
14JanusIntl.com Exterior Solutions for Self-Storage Janus has extensive solutions for self-storage and other steel buildings Metal-Over-Metal RetrofitTear-Off & Replacement Flex Space 5 Single-Story Buildings Buildings & Components Roofing Solutions Smart Buildings Climate Controlled Multi-Story Buildings Boat & RV Storage Roofing, Siding & Partition Walls 15Replacement Parts 5 Framing Components Steel Decking & Accessories Nokē ScreenNokē Pad Security Solutions Value-Added Services Pre-Work Visit & Measuring General Contracting Site Drawings Project Management Installation 3rd Party Security FencingGates Exterior Solutions 1 2 1 2 3 3 4 4 5 6 5 6 7 7 8 8 14 15 10 11 1 12 13 14 15 10 11 13 12 Moveable Additional Storage Structures Relocatable Unit9 9
15JanusIntl.com Self-Storage Building Capabilities BRAND OFFERING Self-storage building engineering, design, manufacturing and construction Self-storage design-build services and manufacturing of select steel components CUSTOMER BASE Focus on smaller, regional players Largely institutional developers ASSORTMENT FOCUS Premier quality offerings; focus on single story buildings High-quality offerings; multi-story construction specialists GEOGRAPHICAL FOCUS Coast-to-Coast Robust design-build, metal building and component manufacturing capabilities Two Brands, Differentiated Solutions Building Offerings • Single-story buildings • Multi-story buildings • Pre-engineered metal buildings • Conversions and mezzanine systems • Boat & RV storage • Climate-controlled • Business flex space • Portables
16JanusIntl.com Nokē Smart Entry Advantaged Security Significantly reduces break ins Unit level security solutions Suspicious behavior intelligence Efficiency & Savings Labor automation savings Maximize digital transaction Automate site checks and move ins Software Integration, Implementation Data & Analytics Products Offers an End-to-End Security-as-a-Service PlatformHighlights ✓ Reduces operating costs for self-storage facility owners by enhancing security and streamlining labor needs ✓ SaaS model with stable recurring revenue and high customer retention • Patented smart locks and access control products • Industry exclusive hardwired smart locking system • Wireless battery powered solutions; dual technology offering supported by NFC Industry-leading smart security solution redefining the self-storage experience and driving recurring revenue opportunities Superior Insights Unit level data Customer usage trends Enhanced Customer Experience No codes or keys Digital key sharing • Digital products for tenants, site managers and enterprise portfolios • Apple and Google apps allow for seamless access • AI-supported software experience designed for self-storage use cases • Seamless customer workflow integration with largest partner ecosystem network • Full service onboarding, installation and maintenance
17JanusIntl.com R3 – Restore, Rebuild, Replace • Facility Planning & Assessment • Evaluate existing conditions and develop a strategic renovation plan • Exterior & Interior Renovations • Modernize curb appeal and interiors to attract and retain tenants • Door & Hallway System Replacements • Upgrade aging components with new systems built to last • Unit Conversions & Reconfigurations • Optimize layouts to meet market demand • Movable Additional Storage Structures • Increase facility capacity by optimizing unused space Capabilities Demand Drivers • Continued industry consolidation • Highly fragmented market • Third party managed facilities • Continued REIT consolidation • High ROIC on renovations • Upgrades support rate increases and occupancy gains • Age of existing facilities(1) Maximize ROI by transforming underused facilities Modernize appearance to attract new tenants Expand capacity without the cost of building new Janus developed the R3 category for self-storage and is uniquely positioned to upgrade facilities through its differentiated platform Notes: 1. Source: Yardi Matrix ~65% of Self-Storage installed base is over 20 years old 14% 14% 37% 21-25 26-30 30+
18JanusIntl.com Commercial Door Market Opportunity Note: 1. Source: ResearchAndMarkets Estimated Market Size(1) $9B+ Expected Growth Rate(1) Low Single Digits Favorable Demand Drivers • Continued commercial construction with focus on efficiency and security • Investment in warehouse and distribution networks • Variety of offerings that touch multiple end markets Go-To Market ApproachMarket Dynamics Partner with architects to secure product specifications Provide a robust suite of commercial door solutions Distribute through conveniently located facilities
19JanusIntl.com Supplier of Commercial Door Solutions Rolling Steel Doors • Commercial applications • Pre-engineered buildings • Quick installation and versatile fit APPLICATIONS AND HIGHLIGHTS • Applications demanding greater durability • Heavy industrial applications Commercial Sheet Doors Motor Operators • Residential or commercial applications • Developing a comprehensive solutions offering • Variety of designs and features for a broad range of applications • Operators available for various types of doors Carports and Sheds Our Commercial Brands: APPLICATIONS AND HIGHLIGHTS APPLICATIONS AND HIGHLIGHTS APPLICATIONS AND HIGHLIGHTS
20JanusIntl.com GROWTH STRATEGY
21JanusIntl.comI l G.R.O.W. Strategy Ramp Adoption of Smart Security Solutions Capitalize on existing customer relationships to drive further penetration of Nokē in self-storage Outperform in Commercial Markets Further develop product offering and utilize leading scale and global footprint to take share in highly fragmented commercial door market Greater Penetration of Self-Storage Expand design-build services, increase facility content, and leverage differentiated R3 capabilities to increase share Win Through Strategic, Accretive Acquisitions Continue to source, evaluate, and execute on strategic M&A to expand product and solutions offering G R O W Executing a focused strategy to expand share, scale technology and security solutions, and create long-term value
22JanusIntl.com Further Penetration of Self-Storage End Markets Leverage Differentiated R3 Capabilities Expand Design-Build Services and Facility Content • Strengthen presence as a provider of self-storage buildings and exterior solutions • Continue to add new products and solutions to the portfolio to refine end-to-end offering • Deepen collaboration across design- build and core business to capture cross-sell opportunities • Build on continued momentum in the international business as global self-storage expands • Refine product offering and go-to- market approach to better serve customers • Selectively expand into additional geographies with favorable market conditions • Continue to invest in and expand R3 offerings to meet customer needs and position Janus as a long-term strategic partner • ~65% of facilities are 20+ years old, anchoring a durable R3 opportunity • Capitalize on industry consolidation as larger operators integrate acquired assets Drive Performance of International Business Substantial Non- Institutional Base(2) Note: 1. Based on Yardi Matrix data comprising a representative universe of ~30,000 facilities; 2. U.S. market share by square footage. Represents Public REITs include Public Storage, Extra Space, CubeSmart, SmartStop and U-Haul 38% 62% Public REITs Other Customers REITs Manufacturing Center Corporate Office Distribution Coverage
23JanusIntl.com Nokē Growth Strategy Provide Enterprise Grade Products at Attractive Prices Growing Install Base Drives Recurring Revenue Note: Total Units is defined as the total number of Nokē keypads (PAD or SCREEN) and Nokē locks (VOLT, ONE or ION). Smart Security Growth Potential Factors Driving Adoption & Supporting Growth CUSTOMER DEMAND GO TO MARKET • Reduce facility labor and operating costs • Improve facility security and tenant satisfaction • Enable new “data driven” applications and pricing optimization • Competitive differentiation to capture premium rental rates • Cross-sell Nokē on every opportunity through broader Janus sales team • Continue to drive awareness and adoption through marketing & training • Expand into new markets internationally U.S. Self-Storage Facilities ~55,000 Total Market Opportunity (2)~$4.4B ~$200 Average # of Units / Facility ~400 Potential Nokē $ Content / Unit (1) Note: 1. Approximate based on selling prices of Nokē Ion product line; 2. Reflects R3 opportunity only OPERATOR VALUE • Improve facility experience and tenant satisfaction • Enhanced unit security and safety with remote monitoring • 24-hour unit access and ability to easily share key 2018 Acquisition of Nokē by Janus 2024 Launched Nokē Ion, a lower cost inside the door, magnetic, hardwired smart locking system 2020 Launched Nokē ONE and Nokē Pad to address the significant self-storage retrofit opportunity 2026 Introduced Nokē Infinitē, a dual-technology powered lock utilizing Bluetooth and NFC 101,000 166,000 276,000 365,000 458,000 501,000 2021 2022 2023 2024 2025 2Q 2026 34% CAGR
24JanusIntl.com Nokē Recurring Revenue Opportunity Unlocking long-duration revenue by scaling the smart access platform across software, data and new markets Services tailored for self-storage to deliver operating efficiency and superior tenant experience Access Control Expanded Security Data Analytics Adjacent Markets Future Potential Additional unit and site level products and 24/7 monitoring service to deter, detect and respond to risk Access Control Expanded Security Adjacent Services New Verticals Future Potential(1) Facility and building management products, services and workflow automation Expansion into commercial use cases (warehousing, third-party logistics sites, garage door operators) TODAY: ~$5M annualized recurring revenue as of YE 2025 Note: 1. Relative sizes are illustrative and not drawn to scale.
25JanusIntl.com Increase Share in the Commercial Market Strategically Position Distribution Footprint Target Strategic Partners and Secure Product Specifications Refine and Expand Product Offering • Continue to identify, develop and manage high-value commercial customers • Partner with architects to secure specifications and build industry presence • Offer detailed specs • Offer AIA-approved courses for certifications • Establish Janus as a “one-stop shop” for commercial door solutions • Leverage manufacturing expertise to supply high-quality offerings and complementary products • Fire doors • Motor operators • Carports and sheds • Utilize strategic locations to better serve customers and expand geographically • Cartersville, GA • Temple, GA • Mt. Airy, NC • Houston, TX • Explore targeted geographic expansion opportunities (Rolling Steel Capabilities) 2017 2020 2021 Launch of Full Commercial Product Line with Rolling Steel (New End Markets & Customers) 2024 Opened Mt. Airy, NC Distribution Center
26JanusIntl.com Pursue Strategic, Accretive Acquisitions Track record of identifying, executing and integrating acquisitions to support strategic growth Technology & Transformative Adjacent & Bolt-On Janus 2025 Revenue $884M AREAS OF FOCUS Self-Storage Solutions Warehousing Systems Commercial / Loading Docks Technology / Wireless Solutions Service and Preventative Maintenance Highly Accretive, Capital-Efficient M&A Strategy Robust Pipeline of M&A Targets • Diversification into attractive adjacencies • Leverage existing infrastructure to drive strong returns with limited incremental capital • Geographic expansion and highly accretive bolt- on acquisitions • Technological innovation in both software and hardware Highlights of M&A Activity Since 2016 Australasia Australia G&M Stor-More
27JanusIntl.com Capital-Efficient Model Drives Strong Free Cash Flow1 Capital-Efficient Operating Model • Moderate capital expenditure requirements relative to revenue • Scalable manufacturing, distribution, and service infrastructure • Disciplined working capital management supports strong cash conversion Disciplined, Accretive M&A Strategy • Focus on targeted acquisitions in core markets, adjacencies and technology • Leverage existing customer relationships, manufacturing footprint, and distribution network • Minimal incremental capital required to integrate and scale acquisitions Strong Free Cash Flow1 & Returns Profile • High conversion of earnings into free cash flow • Limited reinvestment needed to support organic and acquisitive growth • Attractive returns on invested capital through disciplined acquisition multiples and synergy realization Leverages Existing Platform & Infrastructure Organic Growth and Disciplined M&A Low Incremental Capital Requirements Strong Free Cash Flow Generation Reinvestment into Growth & Returns Janus combines its scalable operating platform with disciplined M&A, enabling growth with low capital intensity and consistent free cash flow conversion1 1. Free Cash Flow and Free Cash Flow Conversion of Adjusted Net Income are not financial measures determined in accordance with GAAP. For a definition of these metrics and a reconciliation to our most directly comparable financial measure calculated and presented in accordance with GAAP, please see the Appendix of this presentation. 2.6% 0.9% 1.8% 2.1% 2.9% FY 2021A FY 2022A FY 2023A FY 2024A FY 2025A Historical Capex as a % of Revenue
28JanusIntl.com FINANCIAL OVERVIEW
29JanusIntl.com Financial Strength Consistent top-line performance and profitability ($ in millions) Adj. EBITDA and Margin(1)Revenue Notes: 1. Adjusted EBITDA and Adjusted EBITDA Margin are not financial measures determined in accordance with GAAP. For a definition of these metrics and a reconciliation to our most directly comparable financial measure calculated and presented in accordance with GAAP, please see the Company’s latest filings with the SEC as well as the Appendix of this presentation. * FY 2026E represents the midpoint of guidance. $750 $1,020 $1,066 $964 $884 $935 $0 $200 $400 $600 $800 $1,000 $1,200 FY 2021A FY 2022A FY 2023A FY 2024A FY 2025A FY 2026E* $148 $227 $286 $209 $168 $160 19.8% 22.3% 26.8% 21.6% 19.0% 17.1% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0% 45.0% 50.0% $0 $50 $100 $150 $200 $250 $300 FY 2021A FY 2022A FY 2023A FY 2024A FY 2025A FY 2026E* Adj. EBITDA Adj. EBITDA Margin
30JanusIntl.comI l Strong Balance Sheet & Liquidity Enable Financial Flexibility Balanced Capital Allocation Approach Acquisitions • Track record of identifying, executing, and integrating acquisitions to support strategic growth • Highly accretive M&A strategy • Acquired Kiwi II Construction in January 2026 Share Repurchases • Repurchased 3.2 million shares for $17.6M in 2026 YTD (including commissions and excise taxes) • $63.1 million remaining under share repurchase authorization at quarter end Organic Growth • Invest in key growth initiatives • Further penetrate self-storage market and utilize scale and footprint to increase share in commercial door market • Drive adoption of smart security solutions through NokēTM platform Debt Management • Completed repricing of First Lien Term Loan in 1Q 2026, reducing interest rate from SOFR +250 bps to SOFR +200 bps 2 1 3 4 Solid Free Cash Flow1 Generation 1. Free Cash Flow, Free Cash Flow Conversion of Adjusted Net Income and Net Leverage are not financial measures determined in accordance with GAAP. For a definition of these metrics and a reconciliation to our most directly comparable financial measure calculated and presented in accordance with GAAP, please see the Appendix of this presentation. ($ in millions) Strong Net Leverage1 Profile
31JanusIntl.com Market Leader Leader in the attractive self-storage market with structural drivers supporting long-term industry demand Investment Highlights Global Reach Diversified solutions provider with a global network of manufacturing and installation capabilities Expansion Engine Adjacent markets provide opportunities to fuel future growth Tech Advantage Unique technology offerings present recurring revenue opportunity Trusted Partner Strong customer relationships and integration across full project lifecycles Financial Strength Solid balance sheet and robust cash flow generation
32JanusIntl.com APPENDIX
33JanusIntl.com Experienced Management Team Morgan Hodges Executive Vice President Joined Janus in 2002 25+ yrs. of industry experience Prior experience: Anselm Wong Executive Vice President & Chief Financial Officer Joined Janus in 2022 25+ yrs. of experience Prior experience: Ramey Jackson Chief Executive Officer Joined Janus in 2002 25+ yrs. of industry experience Prior experience: Vic Nettie Executive Vice President – Corporate Operations Joined Janus in 2002 25+ yrs. of industry experience Prior experience: Elliot Kahler General Counsel and Corporate Secretary Joined Janus in 2018 10+ yrs. of experience Prior experience: David Vanevenhoven Chief Accounting Officer Joined Janus in 2023 15+ yrs. of experience Prior experience: Jason Williams President, Janus International Group LLC Joined Janus in 2025 15+ yrs. of experience Prior experience: Rebecca Castillo Vice President of Human Resources Joined Janus in 2016 25+ yrs. of experience Prior experience:
34JanusIntl.com Distinct Portfolio and Offering Solutions Roll-up doors Swing doors Hallway systems Movable additional storage structures Commercial sheet doors Facility planning and assessments Installation and support services Renovations and replacements Conversions and expansions Roll-up doors Swing doors Hallway systems Mezzanines External units Lockers, locks and latches Unit partitions Facility planning and assessments Installation and support services Renovations and replacements Nokē Ion Nokē One Nokē Pad Nokē Screen Nokē Elevate Mobile App Buildings Roofing solutions Building components Consultation Drafting & design Installation Conversions and expansions Buildings Multi-story buildings Conversions & mezzanine systems Engineering & design Installation Access control systems Surveillance & alarm systems Structured cabling Low voltage system design Installation Service & maintenance Rolling steel doors Sheet doors Motor operators Carports & sheds Fire doors High- performance doors Dock door & bay repairs Preventative maintenance Unit door & latch repairs General facility repairs Concrete & asphalt work Fencing & gate repairs Sales Channel Self-Storage – New Construction X X X X X X Self-Storage – R3 X X X X Commercial & Other X X X X X (1) Notes: 1. Janus International Group includes the DBCI brand.
35JanusIntl.com Nokē Case Study — Superior Storage Longview CHALLENGE: When a Janus Customer began developing their self-storage facility in Longview, Texas, the bar was high to build the best facility in the city. And they knew that would require something different, especially with challenging occupancies. SOLUTION: The implementation of Nokē Smart Entry and smart-locking technology at facility entry points and on all individual unit doors has allowed Superior Storage Longview to adopt a virtual management model requiring zero on-site staff. RESULT: With the implementation of Nokē and the remote model, Superior Storage has seen: • A roughly 50% reduction in labor costs; • Near-zero break-in and theft claims; • Reduced property insurance and higher occupancy and rental rates.
36JanusIntl.com CASE STUDY: LOCKAWAY STORAGE TURNING AGING FACILITIES INTO HIGH- PERFORMING ASSETS R3 Case Study — Lockaway Storage CHALLENGE: A Janus customer had an aging portfolio of self-storage assets driving inconsistent tenant experiences, security vulnerabilities, and limited revenue growth. Large portions of underutilized outdoor parking constrained overall performance, resulting in low revenue per square foot and inefficient land use. SOLUTION: A targeted upgrade of 38 facilities was implemented, including the installation of Nokē smart lock and access control systems and selective door replacements to improve security and customer experience. Underperforming outdoor parking areas were converted into MASS drive-up units, unlocking additional rentable space without requiring ground- up development. RESULT: With the implementation of these upgrades, the portfolio has seen: • Increased rental rates and more rapid lease-up • 190%+ increase in revenue per square foot • ~ $300K in tax savings through cost segregation
37JanusIntl.comI l Adjusted EBITDA* Reconciliation (In millions, except percentages) *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. Trailing Twelve- Months Ended Year Ended July 4, 2026 January 3, 2026 December 28, 2024 December 30, 2023 December 31, 2022 January 1, 2022 Net Income $ 33.2 $ 53.8 $ 70.4 $ 135.7 $ 107.7 $ 43.8 Interest expense, net 33.0 36.8 49.6 60.0 42.0 32.9 Income taxes 16.3 21.7 29.9 47.1 37.6 6.5 Depreciation 14.2 12.9 12.0 9.3 7.9 6.4 Amortization 40.7 33.2 32.0 29.8 29.7 31.6 EBITDA* $ 137.4 $ 159.3 $ 193.9 $ 281.9 $ 224.9 $ 121.2 Restructuring (income) expenses 6.5 3.5 (2.9) 1.2 — — Impairment 0.7 0.7 12.0 — — — Loss on extinguishment and modification of 2.1 — 1.7 3.9 — — Acquisition expense (income) 6.7 4.2 3.5 (1.4) 0.8 — Loss (gain) on extinguishment of debt – — — — — 2.4 COVID-19 related expenses – — — — 0.1 1.3 Transaction related expenses – — — — — 10.4 Facility relocation – — — — 0.6 1.1 Share-based compensation – — — — — 5.2 Severance and transition costs – — — — 0.5 — Change in fair value of contingent consideration – — — — — 0.7 Change in fair value of derivative warrant liabilities – — — — — 5.9 Other 0.6 0.5 0.3 — — — Adjusted EBITDA* $ 154.0 $ 168.2 $ 208.5 $ 285.6 $ 226.9 $ 148.2 Net Income Margin 3.7% 6.1% 7.3% 12.7% 10.6% 5.8% Adjusted EBITDA Margin* 17.2% 19.0% 21.6% 26.8% 22.3% 19.8%
38JanusIntl.comI l Free Cash Flow Conversion* (In millions, except percentages) Trailing Twelve-Months Ended Year Ended July 4, 2026 January 3, 2026 December 28, 2024 December 30, 2023 December 31, 2022 January 1, 2022 Cash flow from Operating Activities $ 100.4 $ 139.5 $ 154.0 $ 215.0 $ 88.5 $ 74.8 Less: Purchases of property, plant and equipment (17.9) (25.5) (20.1) (19.0) (8.8) 19.9 Plus one-time proceeds of sale/leaseback — — — — — 9.6 Free Cash Flow* $ 82.5 $ 114.0 $ 133.9 $ 196.0 $ 79.7 $ 64.6 Non-GAAP Adjusted Net Income(1)* $ 63.8 $ 83.4 $ 104.6 $ 160.6 $ 131.2 $ 94.8 Free Cash Flow Conversion of Non-GAAP Adjusted Net Income* 129% 137% 128% 122% 61% 68% *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. 1. Trailing Twelve-month Adjusted Net Income for the period ended July 4, 2026 consists of the sum of Adjusted Net Income, of $22.6, $15.6, $1.7 and $23.9 for the periods ended September 27, 2025, January 3, 2026, April 4, 2026 and July 4, 2026, respectively.
39JanusIntl.comI l Net Leverage Ratio* (In millions, except ratios) *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. July 4, 2026 April 4, 2026 January 3, 2026 December 28, 2024 December 30, 2023 December 31, 2022 January 1, 2022 Note payable - First Lien $ 549.6 $ 551.0 $ 551.0 $ 598.5 $ 623.4 $ 714.3 $ 722.4 Less: Cash 127.0 112.0 194.4 149.3 171.7 78.4 13.2 Net Debt* $ 422.6 $ 439.0 $ 356.6 $ 449.2 $ 451.7 $ 635.9 $ 709.2 Net Income(1) $ 33.2 $ 43.2 $ 53.8 $ 70.4 $ 135.7 $ 107.7 $ 43.8 Adjusted EBITDA*(2) $ 154.0 $ 162.8 $ 168.2 $ 208.5 $ 285.6 $ 226.9 $ 148.2 Long-Term Debt to Net Income 16.6 12.8 10.2 8.5 4.6 6.6 16.5 Non-GAAP Net Leverage Ratio* 2.7 2.7 2.1 2.2 1.6 2.8 4.8 1. Trailing Twelve-months Net Income for the period ended July 4, 2026 consists of the sum of Net Income as reported in the Company’s Quarterly and Annual Reports, as applicable of $15.2, $7.1, $0.2 and $10.7 for the periods ended September 27, 2025, January 3, 2026, April 4, 2026 and July 4, 2026, respectively. Trailing Twelve-months Net Income for the period ended April 4, 2026 consists of the sum of Net Income as reported in the Company’s Quarterly and Annual Reports, as applicable of $20.7, $15.2, $7.1 and $0.2 for the periods ended June 28, 2025, September 27, 2025, January 3, 2026 and April 4, 2026, respectively. Net Income for the years ended January 3, 2026, December 28, 2024, December 30, 2023, December 31, 2022 and January 1, 2022 is Net Income as reported in the Company’s Annual Report on Form 10-K as applicable. 2. Trailing Twelve-months Adjusted EBITDA for the period ended July 4, 2026 consists of the sum of Adjusted EBITDA as reported in the Company’s Quarterly or Annual Reports, as applicable of $43.6, $37.2, $33.0 and $40.2 for the three month periods ended September 27, 2025, January 3, 2026, April 4, 2026 and July 4, 2026, respectively. Trailing Twelve-months Adjusted EBITDA for the period ended April 4, 2026 consists of the sum of Adjusted EBITDA as reported in the Company’s Quarterly or Annual Reports, as applicable of $49.0, $43.6, $37.2 and $33.0 for the three month periods ended June 28, 2025, September 27, 2025, January 3, 2026 and April 4, 2026, respectively. Adjusted EBITDA for the years ended January 3, 2026, December 28, 2024, December 30, 2023, December 31, 2022 and January 1, 2022 is Adjusted EBITDA as reported in the Company’s Annual Report on Form 10-K as applicable.