Janus International (NYSE: JBI) posts Q1 2026 results, margins compress but 2026 guidance reaffirmed
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Janus International Group reported fiscal first quarter 2026 revenue of $222.7 million, up 5.8% year-over-year, driven by self-storage strength and the Kiwi II Construction acquisition. Total self-storage revenue rose 8.7%, with new construction up 10.9% and R3 up 5.3%, while commercial and other revenue was roughly flat.
Profitability weakened. Net income fell to $0.2 million from $10.8 million a year ago, and Adjusted EBITDA declined 14.1% to $33.0 million, compressing the margin to 14.8%. Higher operating expenses, amortization, restructuring charges, acquisition costs and a loss on debt extinguishment weighed on results.
Cash generation remained solid. Operating cash flow was $36.2 million and free cash flow reached $33.4 million, supporting share repurchases of about 2.9 million shares for $15.7 million and a $97.2 million cash acquisition of Kiwi II. Net leverage increased to 2.7x, but the company reaffirmed its 2026 outlook for revenue of $940–$980 million and Adjusted EBITDA of $165–$185 million.
Positive
- None.
Negative
- Profitability compressed sharply: Q1 2026 net income fell to $0.2 million from $10.8 million and Adjusted EBITDA declined 14.1% to $33.0 million, with margin down to 14.8% despite revenue growth.
- Higher leverage following cash outflows: A $97.2 million acquisition and $15.7 million of share repurchases contributed to net debt of $439.0 million and a higher non‑GAAP net leverage ratio of 2.7x.
Insights
Revenue grew modestly, but margins and leverage moved the wrong way.
Janus International delivered Q1 2026 revenue of $222.7 million, up 5.8%, with self-storage channels and the Kiwi II acquisition offsetting flat commercial demand. International revenue of $27.3 million grew 28.8%, underscoring strength outside North America.
Profitability deteriorated: net income dropped to $0.2 million from $10.8 million, and Adjusted EBITDA fell 14.1% to $33.0 million, a 14.8% margin. Management cites restructuring charges, acquisition expenses, and a loss on extinguishment and modification of debt, alongside higher operating costs, as key headwinds.
Cash flow was a relative bright spot. Operating cash flow reached $36.2 million and free cash flow $33.4 million, contributing to trailing twelve‑month free cash flow conversion of Adjusted Net Income of 155%. However, net debt increased after the $97.2 million Kiwi II cash acquisition and share repurchases, lifting net leverage to 2.7x. The company reaffirmed 2026 guidance, but delivering $165–$185 million of Adjusted EBITDA will require margin stabilization after this weak quarter.
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
Q1 2026 Revenue: $222.7 million
Q1 2026 Net Income: $0.2 million
Q1 2026 Adjusted EBITDA: $33.0 million
+5 more
8 metrics
Q1 2026 Revenue
$222.7 million
Three months ended April 4, 2026; up 5.8% year-over-year
Q1 2026 Net Income
$0.2 million
Three months ended April 4, 2026; down from $10.8 million in Q1 2025
Q1 2026 Adjusted EBITDA
$33.0 million
Three months ended April 4, 2026; 14.1% decline, 14.8% margin
Operating Cash Flow
$36.2 million
Three months ended April 4, 2026; supports free cash flow and capital returns
Free Cash Flow
$33.4 million
Three months ended April 4, 2026; trailing twelve‑month conversion 155%
Kiwi II Acquisition Price
$97.2 million
Cash paid for acquisition in Q1 2026, net of cash acquired
Share Repurchases Q1 2026
$15.7 million
Approximately 2.9 million shares, including commissions and excise taxes
Non-GAAP Net Leverage Ratio
2.7x
As of April 4, 2026; based on net debt and trailing Adjusted EBITDA
Key Terms
Adjusted EBITDA, Free Cash Flow Conversion of Adjusted Net Income, loss on extinguishment and modification of debt, Net Leverage Ratio, +1 more
5 terms
Adjusted EBITDA financial
"Adjusted EBITDA* of $33.0 million, down 14.1% 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 155%."
loss on extinguishment and modification of debt financial
"Loss on extinguishment and modification of debt | (2.1)"
Net Leverage Ratio financial
"Net Leverage Ratio is defined as the ratio of our consolidated senior secured indebtedness reduced by cash"
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.
Non-GAAP financial measures financial
"Janus uses measures of performance that are not required by or presented in accordance with GAAP in the United States."
Non-GAAP financial measures are numbers companies use to show their financial performance that exclude certain expenses or income. They help investors see how the company might perform without one-time costs or other unusual items, giving a different perspective from official reports. However, since they can be adjusted, they don’t always tell the full story and should be looked at alongside standard financial figures.
Earnings Snapshot
Revenue: $222.7 million · Guidance included
Q1 2026
Revenue
$222.7 million
+5.8% YoY
Net Income
$0.2 million
down from $10.8 million YoY
Adjusted EBITDA
$33.0 million
-14.1% YoY
Adjusted Diluted EPS
$0.01
down from $0.13 YoY
Operating Cash Flow
$36.2 million
Q1 2026 figure; prior-period comparison provided in tables
Guidance
For full-year 2026, Janus guides to total revenue of $940–$980 million, including $90–$100 million of inorganic revenue, and Adjusted EBITDA of $165–$185 million, representing 8.6% revenue growth and 4.0% Adjusted EBITDA growth at the midpoints.
_______________________________________________________________________________________________________________________________
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): May 12, 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 May 12, 2026, Janus International Group, Inc. (the “Company”) issued a press release announcing financial results for the quarter ended April 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 May 12, 2026, the Company provided an investor presentation for the quarter ended April 4, 2026 and an 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 is 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 May 12, 2026 | |||||||
| 99.2 | Earnings Presentation, dated May 12, 2026 | |||||||
| 99.3 | Investor Presentation, dated May 12, 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: May 12, 2026
JANUS INTERNATIONAL GROUP, INC.
By: /s/ Anselm Wong
Name: Anselm Wong
Title: Chief Financial Officer
JANUS INTERNATIONAL GROUP REPORTS FIRST QUARTER 2026 FINANCIAL RESULTS
TEMPLE, GA, May 12, 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 first quarter ended April 4, 2026.
First Quarter 2026 Highlights
•Revenues of $222.7 million, up 5.8% year-over-year.
•Net income of $0.2 million, or $0.00 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 $1.7 million; Adjusted Diluted EPS* of $0.01.
•Adjusted EBITDA* of $33.0 million, down 14.1% year-over-year. Adjusted EBITDA Margin* (defined as Adjusted EBITDA divided by Total Revenues) was 14.8%, down approximately 340 basis points year-over-year.
First Quarter 2026 Results
First quarter revenue increased 5.8% year-over-year. Total Self-Storage revenues increased 8.7%, as New Construction revenues increased 10.9%, and R3 revenues increased 5.3%. Commercial and Other revenues decreased 0.5%. The acquisition of Kiwi II Construction contributed $18.1 million to the New Construction sales channel.
Operating cash flow was $36.2 million, and free cash flow* was $33.4 million. For the trailing twelve-month period ended April 4, 2026, free cash flow conversion of adjusted net income* was 155%.
During the quarter, the Company repurchased approximately 2.9 million shares of common stock for a total of $15.7 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, “Janus delivered results for the first quarter ahead of our expectations despite a challenging economic environment. Against a dynamic backdrop, our team focused on disciplined execution, supporting our customers, and advancing our strategic priorities. Though self-storage development, particularly in North America, is likely to remain constrained until financing conditions ease, industry fundamentals continue to be supported by high occupancy rates and rising household utilization trends, and ongoing industry consolidation presents a meaningful opportunity for our business. Supported by our strong balance sheet, consistent cash generation and industry leadership position, we remain confident in our ability to deliver long-term value for our shareholders.”
2026 Financial Outlook
Based on the Company’s current business outlook, Janus is reaffirming its full year 2026 guidance as follows:
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| Range | Year-Over-Year Growth (at the midpoint) | ||||||||||
Total Revenue | $940 million | $980 million | 8.6% | ||||||||
Inorganic Revenue (included above) | $90 million | $100 million | NA | ||||||||
Adjusted EBITDA (non-GAAP) | $165 million | $185 million | 4.0% | ||||||||
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, May 12, 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 1-800-267-6316 or 1-203-518-9783, respectively. Upon dialing in, please request to join the Janus International Group First 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 11161304.
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 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,” “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
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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 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 from our cost-savings initiatives; 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 other matters, and certain tax positions. Because these adjustments are inherently variable and uncertain and depend
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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 | |||||||||||
| April 4, 2026 | March 29, 2025 | ||||||||||
| REVENUES | |||||||||||
| Product revenues | $ | 188.8 | $ | 175.7 | |||||||
| Service revenues | 33.9 | 34.8 | |||||||||
| Total revenues | $ | 222.7 | $ | 210.5 | |||||||
| Product cost of revenues | 125.2 | 104.7 | |||||||||
| Service cost of revenues | 22.3 | 23.9 | |||||||||
| Cost of revenues | $ | 147.5 | $ | 128.6 | |||||||
| GROSS PROFIT | $ | 75.2 | $ | 81.9 | |||||||
| OPERATING EXPENSES | |||||||||||
| Selling and marketing | 17.9 | 16.9 | |||||||||
| General and administrative | 44.2 | 39.7 | |||||||||
| Operating expenses | $ | 62.1 | $ | 56.6 | |||||||
INCOME FROM OPERATIONS | $ | 13.1 | $ | 25.3 | |||||||
Interest expense, net | (8.1) | (10.2) | |||||||||
Loss on extinguishment and modification of debt | (2.1) | — | |||||||||
| Other (expense) income | (0.4) | 0.3 | |||||||||
Other Expense, Net | $ | (10.6) | $ | (9.9) | |||||||
INCOME BEFORE TAXES | $ | 2.5 | $ | 15.4 | |||||||
Provision for income taxes | 2.3 | 4.6 | |||||||||
| NET INCOME | $ | 0.2 | $ | 10.8 | |||||||
| Other comprehensive (loss) income | $ | (0.5) | 0.9 | ||||||||
| COMPREHENSIVE (LOSS) INCOME | $ | (0.3) | $ | 11.7 | |||||||
| Weighted-average shares outstanding, basic and diluted | |||||||||||
| Basic | 138,364,384 | 140,050,632 | |||||||||
| Diluted | 138,774,254 | 140,270,494 | |||||||||
| Net income per share, basic and diluted | |||||||||||
| Basic | $ | 0.00 | $ | 0.08 | |||||||
| Diluted | $ | 0.00 | $ | 0.08 | |||||||
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Janus International Group, Inc.
Condensed Consolidated Balance Sheets
(In millions, except share and per share data - Unaudited)
| April 4, 2026 | January 3, 2026 | ||||||||||
| ASSETS | |||||||||||
| Current Assets | |||||||||||
| Cash and cash equivalents | $ | 112.0 | $ | 194.4 | |||||||
Accounts receivable, less allowance for credit losses of $12.2 and $12.1 as of April 4, 2026 and January 3, 2026, respectively | 111.4 | 107.9 | |||||||||
| Contract assets | 34.2 | 27.6 | |||||||||
| Inventories | 61.1 | 58.6 | |||||||||
| Prepaid expenses | 11.5 | 9.5 | |||||||||
| Other current assets | 24.8 | 23.8 | |||||||||
| Total current assets | $ | 355.0 | $ | 421.8 | |||||||
| Property, plant, and equipment, net | 67.2 | 66.2 | |||||||||
| Right-of-use assets, net | 73.4 | 73.4 | |||||||||
| Intangible assets, net | 368.9 | 341.1 | |||||||||
| Goodwill | 428.0 | 383.9 | |||||||||
| Deferred tax assets, net | 11.5 | 13.3 | |||||||||
| Other assets | 5.1 | 5.3 | |||||||||
| Total assets | $ | 1,309.1 | $ | 1,305.0 | |||||||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||
| Current Liabilities | |||||||||||
| Accounts payable | $ | 55.5 | $ | 40.7 | |||||||
| Contract liabilities | 16.2 | 16.7 | |||||||||
| Current maturities of long-term debt | 6.3 | 6.9 | |||||||||
| Accrued expenses and other current liabilities | 56.1 | 55.0 | |||||||||
| Total current liabilities | $ | 134.1 | $ | 119.3 | |||||||
| Long-term debt, net | 540.4 | 538.8 | |||||||||
| Deferred tax liabilities, net | 3.1 | 3.1 | |||||||||
| Other long-term liabilities | 71.4 | 71.3 | |||||||||
| Total liabilities | $ | 749.0 | $ | 732.5 | |||||||
| STOCKHOLDERS’ EQUITY | |||||||||||
Common Stock, 825,000,000 shares authorized, $0.0001 par value, 149,089,626 and 148,439,716 shares issued as of April 4, 2026 and January 3, 2026, respectively | $ | — | $ | — | |||||||
Treasury stock, at cost, 12,697,167 and 9,583,103 shares as of April 4, 2026 and January 3, 2026, respectively | (117.4) | (100.4) | |||||||||
| Additional paid in capital | 320.8 | 315.9 | |||||||||
Accumulated other comprehensive loss | (1.6) | (1.1) | |||||||||
Retained earnings | 358.3 | 358.1 | |||||||||
| Total stockholders’ equity | $ | 560.1 | $ | 572.5 | |||||||
| Total liabilities and stockholders’ equity | $ | 1,309.1 | $ | 1,305.0 | |||||||
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Janus International Group, Inc.
Condensed Consolidated Statements of Cash Flows
(In millions - Unaudited)
(In millions - Unaudited)
Three Months Ended | |||||||||||
| April 4, 2026 | March 29, 2025 | ||||||||||
Cash flows provided by operating activities | |||||||||||
| Net income | $ | 0.2 | $ | 10.8 | |||||||
| Adjustments to reconcile net income to net cash provided by operating activities | |||||||||||
| Depreciation of property, plant, and equipment | 3.6 | 2.9 | |||||||||
| Noncash lease expense | 2.1 | 1.9 | |||||||||
| Amortization of intangibles | 12.0 | 8.3 | |||||||||
| Deferred financing fee amortization | 0.4 | 1.2 | |||||||||
Provision for expected losses on accounts receivable | 0.3 | 0.2 | |||||||||
| Share-based compensation | 4.9 | 4.0 | |||||||||
Loss on extinguishment of debt repricing | 1.0 | — | |||||||||
| Deferred income taxes, net | 1.8 | 0.9 | |||||||||
| Other, net | 0.7 | 0.7 | |||||||||
| Changes in operating assets and liabilities, excluding effects of acquisition | |||||||||||
| Accounts receivable | 10.6 | 15.8 | |||||||||
| Contract assets | (2.9) | (4.9) | |||||||||
| Inventories | (1.7) | (0.4) | |||||||||
| Prepaid expenses and other current assets | (2.8) | 4.7 | |||||||||
| Other assets | — | 0.3 | |||||||||
| Accounts payable | 10.3 | 3.2 | |||||||||
| Contract liabilities | (0.3) | (0.2) | |||||||||
| Accrued expenses and other current liabilities | (2.2) | 0.4 | |||||||||
| Other long-term liabilities | (1.8) | (1.5) | |||||||||
Net cash provided by operating activities | $ | 36.2 | $ | 48.3 | |||||||
Cash flows used in investing activities | |||||||||||
| Purchases of property, plant, and equipment | $ | (2.8) | $ | (6.4) | |||||||
| Cash paid for acquisition, net of cash acquired | (97.2) | — | |||||||||
Net cash used in investing activities | $ | (100.0) | $ | (6.4) | |||||||
Cash flows used in financing activities | |||||||||||
| Principal payments on long-term debt | $ | — | $ | (41.5) | |||||||
| Repurchase of common stock | (15.5) | (5.0) | |||||||||
| Cash paid for common stock withheld for taxes | (1.3) | (2.6) | |||||||||
| Principal payments on finance lease obligations | (0.4) | (0.7) | |||||||||
| 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 | $ | (18.5) | $ | (50.6) | |||||||
| Effect of exchange rate changes on cash and cash equivalents | $ | (0.1) | $ | 0.2 | |||||||
Net decrease in cash | $ | (82.4) | $ | (8.5) | |||||||
Cash, beginning of period | $ | 194.4 | $ | 149.3 | |||||||
Cash, end of period | $ | 112.0 | $ | 140.8 | |||||||
7
Janus International Group, Inc.
Revenue by Sales Channel
(In millions, except percentages)
| Three Months Ended | Variance | ||||||||||||||||||||||||||||||||||
| April 4, 2026 | % of Total Sales | March 29, 2025 | % of Total Sales | $ | % | ||||||||||||||||||||||||||||||
| Self-storage - new construction | $ | 96.4 | 43.3 | % | $ | 86.9 | 41.3 | % | $ | 9.5 | 10.9 | % | |||||||||||||||||||||||
| Self-storage - R3 | 60.0 | 26.9 | % | 57.0 | 27.1 | % | 3.0 | 5.3 | % | ||||||||||||||||||||||||||
| Total self-storage | $ | 156.4 | 70.2 | % | $ | 143.9 | 68.4 | % | $ | 12.5 | 8.7 | % | |||||||||||||||||||||||
| Commercial and other | 66.3 | 29.8 | % | 66.6 | 31.6 | % | (0.3) | (0.5) | % | ||||||||||||||||||||||||||
| Total revenues | $ | 222.7 | 100.0 | % | $ | 210.5 | 100.0 | % | $ | 12.2 | 5.8 | % | |||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||
| April 4, 2026 | Margin(1) | March 29, 2025 | Margin(1) | $ | % | ||||||||||||||||||||||||||||||
| Net Income | $ | 0.2 | 0.1 | % | $ | 10.8 | 5.1 | % | $ | (10.6) | (98.1) | % | |||||||||||||||||||||||
| Interest, net | 8.1 | 10.2 | (2.1) | (20.6) | % | ||||||||||||||||||||||||||||||
| Income taxes | 2.3 | 4.6 | (2.3) | (50.0) | % | ||||||||||||||||||||||||||||||
| Depreciation | 3.6 | 2.9 | 0.7 | 24.1 | % | ||||||||||||||||||||||||||||||
| Amortization | 12.0 | 8.3 | 3.7 | 44.6 | % | ||||||||||||||||||||||||||||||
| EBITDA* | $ | 26.2 | 11.8 | % | $ | 36.8 | 17.5 | % | $ | (10.6) | (28.8) | % | |||||||||||||||||||||||
Restructuring charges(2) | 2.6 | 0.4 | 2.2 | 550.0 | % | ||||||||||||||||||||||||||||||
Acquisition expense(3) | 2.1 | 0.9 | 1.2 | 133.3 | % | ||||||||||||||||||||||||||||||
Loss on extinguishment and modification of debt(4) | 2.1 | — | 2.1 | — | % | ||||||||||||||||||||||||||||||
| Other | — | 0.3 | (0.3) | (100.0) | % | ||||||||||||||||||||||||||||||
| Adjusted EBITDA* | $ | 33.0 | 14.8 | % | $ | 38.4 | 18.2 | % | $ | (5.4) | (14.1) | % | |||||||||||||||||||||||
(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 | |||||||||||
| April 4, 2026 | March 29, 2025 | ||||||||||
Net Income | $ | 0.2 | $ | 10.8 | |||||||
Net Income Adjustments(1) | 6.8 | 1.6 | |||||||||
| Amortization | 12.0 | 8.3 | |||||||||
Tax Effect on Net Income Adjustments(2) | (17.3) | (3.0) | |||||||||
Non-GAAP Adjusted Net Income* | $ | 1.7 | $ | 17.7 | |||||||
(1)Net Income Adjustments for the three month period ended April 4, 2026 include $2.6 of restructuring charges, $2.1 of acquisition expenses and $2.1 of loss on extinguishment of debt. Net Income Adjustments for the three month period ended March 29, 2025 include $0.9 of acquisition expenses, $0.4 of restructuring charges and $0.3 of other. Refer to the Adjusted EBITDA table above for further details.
(2)The effective tax rates of 92.0% and 29.9% were used for the periods ended April 4, 2026 and March 29, 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 | |||||||||||
| April 4, 2026 | March 29, 2025 | ||||||||||
| Numerator: | |||||||||||
| GAAP Net Income | $ | 0.2 | $ | 10.8 | |||||||
Non-GAAP Adjusted Net Income* | $ | 1.7 | $ | 17.7 | |||||||
| Denominator: | |||||||||||
| Weighted average number of shares: | |||||||||||
| Basic | 138,364,384 | 140,050,632 | |||||||||
| Adjustment for Dilutive Securities | 409,870 | 219,862 | |||||||||
| Diluted | 138,774,254 | 140,270,494 | |||||||||
| GAAP Basic EPS | $ | 0.00 | $ | 0.08 | |||||||
| GAAP Diluted EPS | $ | 0.00 | $ | 0.08 | |||||||
| Non-GAAP Adjusted Basic EPS* | $ | 0.01 | $ | 0.13 | |||||||
| Non-GAAP Adjusted Diluted EPS* | $ | 0.01 | $ | 0.13 | |||||||
*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)
| Three Months Ended | |||||||||||
| April 4, 2026 | March 29, 2025 | ||||||||||
Cash flow from Operating Activities | $ | 36.2 | $ | 48.3 | |||||||
| Less: Purchases of property, plant and equipment | (2.8) | (6.4) | |||||||||
| Free Cash Flow* | $ | 33.4 | $ | 41.9 | |||||||
Non-GAAP Adjusted Net Income* | $ | 1.7 | $ | 17.7 | |||||||
Free Cash Flow Conversion of Non-GAAP Adjusted Net Income* | NM | 237 | % | ||||||||
| Trailing Twelve-Months Ended | |||||||||||
| April 4, 2026 | March 29, 2025 | ||||||||||
| Cash flow provided by Operating Activities | $ | 127.4 | $ | 173.7 | |||||||
| Less: Purchases of property, plant and equipment | (21.9) | (21.9) | |||||||||
| Free Cash Flow* | $ | 105.5 | $ | 151.8 | |||||||
Non-GAAP Adjusted Net Income*(1) | $ | 68.1 | $ | 89.1 | |||||||
Free Cash Flow Conversion of Non-GAAP Adjusted Net Income* | 155 | % | 170 | % | |||||||
*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 April 4, 2026 consists of the sum of Adjusted Net Income, of $28.2, $22.6, $15.6 and $1.7 for the periods ended June 28, 2025, September 27, 2025, January 3, 2026 and April 4, 2026, respectively. Trailing Twelve-month Adjusted Net Income for the period ended March 29, 2025 consists of the sum of Adjusted Net Income of $36.1, $21.8, $13.5 and $17.7 for the periods ended June 29, 2024, September 28, 2024, December 28, 2024 and March 29, 2025, respectively.
Janus International Group, Inc.
Non-GAAP Net Leverage Ratio*
(In millions, except ratios)
| April 4, 2026 | January 3, 2026 | ||||||||||
| Note payable - First Lien | $ | 551.0 | $ | 551.0 | |||||||
| Less: Cash | 112.0 | 194.4 | |||||||||
| Net Debt* | $ | 439.0 | $ | 356.6 | |||||||
Net Income*(1) | $ | 43.2 | $ | 53.8 | |||||||
Adjusted EBITDA*(2) | $ | 162.8 | $ | 168.2 | |||||||
Long-Term Debt to Net Income | 12.8 | 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 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. 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 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. 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 FIRST QUARTER 2026 EARNINGS PRESENTATION May 12, 2026
2JanusIntl.com Forward-Looking Statements Certain statements in this communication, including the estimated guidance provided under “2026 Guidance and Key Planning Assumptions” and “Long-Term Fundamentals and Investment Highlights”, 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 from our cost-savings initiatives; 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 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.
4JanusIntl.com Ramey Jackson Chief Executive Officer 1Q26 Review & Business Update Anselm Wong Chief Financial Officer 1Q26 Financial Overview & Guidance Update Agenda
5JanusIntl.com First Quarter 2026 Highlights • Delivered $222.7 million in Total Revenue compared to $210.5 million in 1Q 2025 • Total Self-Storage up 8.7% year-over-year; New Construction up 10.9%, Restore, Rebuild & Replace (“R3”) up 5.3% ◦ Kiwi II Construction contributed $18.1 million to the New Construction sales channel • Commercial & Other declined 0.5% • International revenue of $27.3 million, up 28.8% year-over-year • Net income of $0.2 million compared to Net Income of $10.8 million in 1Q 2025 • Adjusted EBITDA1 of $33.0 million, down 14.1% year-over-year, resulting in Adjusted EBITDA Margin1 of 14.8% • Cash flow from operations of $36.2 million. Free cash flow1 generation of $33.4 million; trailing twelve-month period ended April 4, 2026, free cash flow conversion of Adj. Net Income1 of 155% 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 477,000 at quarter end, up 24.2% year-over-year • Announced acquisition of Kiwi II Construction, a premier self-storage and pre-engineered buildings provider • Repurchased approximately 2.9 million shares for $15.7 million (including commissions and excise taxes) • Successfully completed repricing of First Lien Term Loan, reducing interest rate by 50 bps from SOFR + 250 bps to SOFR + 200 bps • Launched Nokē Infinitē, on-door, dual technology, wireless smart locking system that combines the robust features of Bluetooth with the power harvesting functionality of near-field communication (NFC) Subsequent Events
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 Kiwi II Construction Acquisition Services ProvidedOverview • Acquisition of Kiwi II expands and strengthens Janus’ building solutions capabilities • Elevates West Coast self-storage design-build presence • Premier self-storage buildings provider • Founded in 1982 and headquartered in Temecula, CA • Paid $97.2M in cash as consideration • Approximate 5x Adj. EBITDA1 multiple post synergies • Approximately $90M in revenue during 2025 Design Value Engineer Bid Supply Materials Erect / Install 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.
8JanusIntl.com Financial Results Overview 1. Adjusted EBITDA, Adjusted EBITDA Margin, 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 Appendix of this presentation. Adjusted EBITDA1 $33.0M 14.1% decrease 14.8% margin1 Total Revenue $222.7M 5.8% increase Adjusted Diluted EPS1 $0.01 Adj. Net Income1 of $1.7M Operating Cash Flow $36.2M FCF1 of $33.4M 1Q 2026 Inorganic Revenue $18.1M International Revenue $27.3M 28.8% increase
9JanusIntl.com Revenue Breakdown by Sales Channel New Construction R3 Commercial & Other • 1Q 2026 revenue of $96.4M up 10.9% year-over-year • $18.1 million of inorganic revenue • Strength in International business offset by continued softness in North America • 1Q 2026 revenue of $60.0M up 5.3% year-over-year • Strength in redevelopment and renovation activity • Normalization of retail big-box conversion and expansion activity • 1Q 2026 revenue of $66.3M down 0.5% year-over-year • Lower demand for commercial sheet doors • Partially offset by strength in rolling steel and freight terminal project activity $ in millions $86.9 $93.9 $97.3 $88.9 $96.4 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 $57.0 $52.9 $57.3 $63.9 $60.0 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 $66.6 $81.3 $64.7 $73.5 $66.3 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026
10JanusIntl.com First Quarter 2026 Revenue and Adj. EBITDA1 Drivers Revenue Adjusted EBITDA $ in millions $210.5 $(7.7) $1.7 $0.1 $18.1 $222.7 1Q25 Price Volume/Other FX Acquisition 1Q26 $— $50.0 $100.0 $150.0 $200.0 $250.0 $38.4 $(7.7) $0.7 $3.5 $(1.9) $33.0 1Q25 Price Volume/Mix SG&A Other 1Q26 $— $10.0 $20.0 $30.0 $40.0 $50.0 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.
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 2.9 million shares for $15.7M in 1Q 2026 (including commissions and excise taxes) • Announced expanded repurchase authorization up to $75.0M in 2Q 2025 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 access control technology 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 Strong Net Leverage1 Profile 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. $64.6 $79.7 $196.0 $133.9 $114.0 $105.5 68% 61% 122% 128% 137% 155% Free Cash Flow Free Cash Flow Conversion 2021 2022 2023 2024 2025 TTM 1Q 2026 $0.0 $120.0 $240.0 4.8x 2.8x 1.6x 2.2x 2.1x 2.7x Net Leverage 2021 2022 2023 2024 2025 TTM 1Q 2026 0.0x 2.5x 5.0x 7.5x ($ in millions) Strong Net Leverage1 Profile
12JanusIntl.com Revenue $940M - $980M Includes $90M - $100M inorganic revenue 8.6% growth at the midpoint year-over-year Adjusted EBITDA2 $165M - $185M 4.0% growth at the midpoint year-over-year Assumption Estimate Depreciation and Amortization $58M - $68M Capital Expenditures 1.5% - 2.0% of Revenue Interest Expense, net $29M - $34M Effective Tax Rate3 28% - 31% 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. 3. Adjusted from 27% - 29% previously. 2026 Guidance and Key Planning Assumptions1
13JanusIntl.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 8.9% 9.5% 8.9% 9.4% 10.6% 11.1% 12.6% 2005 2007 2013 2017 2020 2022 2024
14JanusIntl.com APPENDIX
15JanusIntl.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 April 4, 2026 Margin(1) March 29, 2025 Margin(1) $ % Net Income $ 0.2 0.1 % $ 10.8 5.1 % $ (10.6) (98.1) % Interest, net 8.1 10.2 (2.1) (20.6) % Income taxes 2.3 4.6 (2.3) (50.0) % Depreciation 3.6 2.9 0.7 24.1 % Amortization 12.0 8.3 3.7 44.6 % EBITDA* $ 26.2 11.8 % $ 36.8 17.5 % $ (10.6) (28.8) % Restructuring charges(2) 2.6 0.4 2.2 550.0 % Acquisition expense(3) 2.1 0.9 1.2 133.3 % Loss on extinguishment and modification of debt(4) 2.1 — 2.1 — % Other — 0.3 (0.3) (100.0) % Adjusted EBITDA* $ 33.0 14.8 % $ 38.4 18.2 % $ (5.4) (14.1) % 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.
16JanusIntl.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%
17JanusIntl.com Adjusted Net Income Reconciliation* (In millions, except percentages) Three Months Ended April 4, 2026 March 29, 2025 Net Income $ 0.2 $ 10.8 Net Income Adjustments(1) 6.8 1.6 Amortization 12.0 8.3 Tax Effect on Net Income Adjustments(2) (17.3) (3.0) Non-GAAP Adjusted Net Income * $ 1.7 $ 17.7 *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 April 4, 2026 include $2.6 of restructuring charges, $2.1 of acquisition expenses and $2.1 of loss on extinguishment of debt. Net Income Adjustments for the three month period ended March 29, 2025 include $0.9 of acquisition expenses, $0.4 of restructuring charges and $0.3 of other. Refer to the Adjusted EBITDA table above for further details. 2. The effective tax rates of 92.0% and 29.9% were used for the periods ended April 4, 2026 and March 29, 2025, respectively.
18JanusIntl.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.
19JanusIntl.com Non-GAAP Adjusted EPS* (In millions, except share and per share data) Three Months Ended April 4, 2026 March 29, 2025 Numerator: GAAP Net Income $ 0.2 $ 10.8 Non-GAAP Adjusted Net Income* $ 1.7 $ 17.7 Denominator: Weighted average number of shares: Basic 138,364,384 140,050,632 Adjustment for Dilutive Securities 409,870 219,862 Diluted 138,774,254 140,270,494 GAAP Basic EPS $ 0.00 $ 0.08 GAAP Diluted EPS $ 0.00 $ 0.08 Non-GAAP Adjusted Basic EPS* $ 0.01 $ 0.13 Non-GAAP Adjusted Diluted EPS* $ 0.01 $ 0.13 *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.
20JanusIntl.com Free Cash Flow Conversion* (In millions, except percentages) Three Months Ended Trailing Twelve-Months Ended Year Ended April 4, 2026 April 4, 2026 January 3, 2026 December 28, 2024 December 30, 2023 December 31, 2022 January 1, 2022 Cash flow from Operating Activities $ 36.2 $ 127.4 $ 139.5 $ 154.0 $ 215.0 $ 88.5 $ 74.8 Less: Purchases of property, plant and equipment (2.8) (21.9) (25.5) (20.1) (19.0) (8.8) 19.9 Plus one-time proceeds of sale/leaseback — — — — — — 9.6 Free Cash Flow* $ 33.4 $ 105.5 $ 114.0 $ 133.9 $ 196.0 $ 79.7 $ 64.6 Non-GAAP Adjusted Net Income(1)* $ 1.7 $ 68.1 $ 83.4 $ 104.6 $ 160.6 $ 131.2 $ 94.8 Free Cash Flow Conversion of Non-GAAP Adjusted Net Income* NM 155 % 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 April 4, 2026 consists of the sum of Adjusted Net Income, of $28.2, $22.6, $15.6 and $1.7 for the periods ended June 28, 2025, September 27, 2025, January 3, 2026 and April 4, 2026, respectively.
21JanusIntl.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. April 4, 2026 January 3, 2026 December 28, 2024 December 30, 2023 December 31, 2022 January 1, 2022 Note payable - First Lien $ 551.0 $ 551.0 $ 598.5 $ 623.4 $ 714.3 $ 722.4 Less: Cash 112.0 194.4 149.3 171.7 78.4 13.2 Net Debt* $ 439.0 $ 356.6 $ 449.2 $ 451.7 $ 635.9 $ 709.2 Net Income(1) $ 43.2 $ 53.8 $ 70.4 $ 135.7 $ 107.7 $ 43.8 Adjusted EBITDA*(2) $ 162.8 $ 168.2 $ 208.5 $ 285.6 $ 226.9 $ 148.2 Long-Term Debt to Net Income 12.8 10.2 8.5 4.6 6.6 16.5 Non-GAAP Net Leverage Ratio* 2.7 2.1 2.2 1.6 2.8 4.8 1. 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 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 May 2026 JANUS INTERNATIONAL GROUP, INC. Investor Presentation
1JanusIntl.com Forward-Looking Statements Certain statements in this communication, including the estimated guidance provided under “2026 Guidance and Key Planning Assumptions” and “Long-Term Fundamentals and Investment Highlights”, 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 from our cost-savings initiatives; 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 $896M Revenue 10,000+ Active Customers 18.2% Adj. EBITDA Margin(2) ~155% Free Cash Flow Conversion(2) 1,700+ Employees(3) 2.7x Net Leverage(2) Source: Janus Management Notes: 1. For the trailing twelve-month period ended April 4, 2026 as reported in the Company’s annual and quarterly filings, as applicabl e. 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 $896M LTM Revenue Self-Storage Mix: 68.1% 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. 31.9% 26.1% 42.0%
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) • 19.3 month average length of stay, up 1.2% 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 Q1 2026 Self-Storage Industry Pulse. 3. Source: Public filings for PSA, CUBE, SMA, NSA 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% 6.8% 7.7% 7.9% 5.8% 3.4% 2.3% 1.0% 14.0% 14.0% 3.6% -0.7% -0.2% -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 Restore, Rebuild, Replace (“R3”) • 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 Capabilities Demand Drivers • Age of existing facilities • Aging installed base drives R3 activity • 65% of facilities are 20+ years old(1) • Continued industry consolidation • Highly fragmented market • Third party managed facilities • Continued REIT consolidation • High ROIC on renovations 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
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 R3 and New Maintenance Capabilities Expand Content and Geographic Presence • Strengthen presence as a provider of self-storage buildings and exterior solutions • Continue to add new products and solutions to the portfolio • Refine offerings to appeal to additional international markets • Expand relationships with existing institutions across geographies • Position with large REITs to benefit from continued consolidation in the U.S. • Build upon existing reputation for service excellence • Expand value-added services by leveraging strength in R3 segment • Aging install base is an R3 opportunity • Expand maintenance capabilities through Facilitate offering Leverage Strong Relationships with Institutions REITs Institutional Operators Age of Current Self- Storage Facilities(1) Substantial Non- Institutional Base(2) ~65% of Self-Storage installed base over 20 years old 2B square feet of total self- storage capacity ● End-to-end Security-as-a- Service ● Massive IoT opportunity ● Exterior solutions ● Speed and certainty of construction Note: 1. Based on Yardi Matrix data comprising a representative universe of ~30,000 facilities; 2. Public REITs include Public Storage, Extra Space, CubeSmart, National Storage, SmartStop and U-Haul 14% 14% 37% 21-25 26-30 30+ 38% 62% Public REITs Other Customers
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 101,000 166,000 276,000 365,000 458,000 477,000 2021 2022 2023 2024 2025 1Q 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 $884M AREAS OF FOCUS Self-Storage Solutions Warehousing Systems Commercial / Loading Docks Technology / Wireless Solutions Service and Preventative Maintenance Highly Accretive M&A Strategy Robust Pipeline of M&A Targets • Diversification into attractive adjacencies • Geographic expansion and highly accretive bolt-on acquisitions • Technological innovation in both software and hardware Highlights of M&A Activity Since 2016 Australasia Australia G&M Stor-More
27JanusIntl.com FINANCIAL OVERVIEW
28JanusIntl.com Financial Strength Consistent top-line performance and profitability ($ 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 $960 $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 $175 19.8% 22.3% 26.8% 21.6% 19.0% 18.2% 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
29JanusIntl.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 2.9 million shares for $15.7M in 1Q 2026 (including commissions and excise taxes) • Announced expanded repurchase authorization up to $75.0M in 2Q 2025 Organic Growth • Invest in key growth initiatives • Further penetrate self-storage market and utilize scale and footprint to increase share in commercial door market • Drive adoption of access control technology through NokēTM platform Debt Management • Completed repricing of First Lien Term Loan in 1Q 2026, reducing interest rate from SOFR +250 bps to SOFR +200 bps 2 1 3 4 Solid Free Cash Flow1 Generation Strong Net Leverage1 Profile 1. Free Cash Flow, Free Cash Flow Conversion of Adjusted Net Income and Net Leverage are not financial measures determined in accordance with GAAP. For a definition of these metrics and a reconciliation to our most directly comparable financial measure calculated and presented in accordance with GAAP, please see the Appendix of this presentation. ($ in millions) Strong Net Leverage1 Profile
30JanusIntl.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
31JanusIntl.com APPENDIX
32JanusIntl.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:
33JanusIntl.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.
34JanusIntl.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.
35JanusIntl.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
36JanusIntl.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 April 4, 2026 January 3, 2026 December 28, 2024 December 30, 2023 December 31, 2022 January 1, 2022 Net Income $ 43.2 $ 53.8 $ 70.4 $ 135.7 $ 107.7 $ 43.8 Interest expense, net 34.7 36.8 49.6 60.0 42.0 32.9 Income taxes 20.3 21.7 29.9 47.1 37.6 6.5 Depreciation 13.6 12.9 12.0 9.3 7.9 6.4 Amortization 36.9 33.2 32.0 29.8 29.7 31.6 EBITDA* $ 148.7 $ 159.3 $ 193.9 $ 281.9 $ 224.9 $ 121.2 Restructuring (income) expenses 5.7 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) 5.4 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 0.2 0.5 0.3 — — — Adjusted EBITDA* $ 162.8 $ 168.2 $ 208.5 $ 285.6 $ 226.9 $ 148.2 Net Income Margin 4.8 % 6.1% 7.3% 12.7% 10.6% 5.8% Adjusted EBITDA Margin* 18.2 % 19.0% 21.6% 26.8% 22.3% 19.8%
37JanusIntl.comI l Adjusted Net Income 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. 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.
38JanusIntl.comI l Free Cash Flow Conversion* (In millions, except percentages) Three Months Ended Trailing Twelve-Months Ended Year Ended April 4, 2026 April 4, 2026 January 3, 2026 December 28, 2024 December 30, 2023 December 31, 2022 January 1, 2022 Cash flow from Operating Activities $ 36.2 $ 127.4 $ 139.5 $ 154.0 $ 215.0 $ 88.5 $ 74.8 Less: Purchases of property, plant and equipment (2.8) (21.9) (25.5) (20.1) (19.0) (8.8) 19.9 Plus one-time proceeds of sale/leaseback — — — — — — 9.6 Free Cash Flow* $ 33.4 $ 105.5 $ 114.0 $ 133.9 $ 196.0 $ 79.7 $ 64.6 Non-GAAP Adjusted Net Income(1)* $ 1.7 $ 68.1 $ 83.4 $ 104.6 $ 160.6 $ 131.2 $ 94.8 Free Cash Flow Conversion of Non-GAAP Adjusted Net Income* NM 155% 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 April 4, 2026 consists of the sum of Adjusted Net Income, of $28.2, $22.6, $15.6 and $1.7 for the periods ended June 28, 2025, September 27, 2025, January 3, 2026 and April 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. April 4, 2026 January 3, 2026 December 28, 2024 December 30, 2023 December 31, 2022 January 1, 2022 Note payable - First Lien $ 551.0 $ 551.0 $ 598.5 $ 623.4 $ 714.3 $ 722.4 Less: Cash 112.0 194.4 149.3 171.7 78.4 13.2 Net Debt* $ 439.0 $ 356.6 $ 449.2 $ 451.7 $ 635.9 $ 709.2 Net Income(1) $ 43.2 $ 53.8 $ 70.4 $ 135.7 $ 107.7 $ 43.8 Adjusted EBITDA*(2) $ 162.8 $ 168.2 $ 208.5 $ 285.6 $ 226.9 $ 148.2 Long-Term Debt to Net Income 12.8 10.2 8.5 4.6 6.6 16.5 Non-GAAP Net Leverage Ratio* 2.7 2.1 2.2 1.6 2.8 4.8 1. 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 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.
FAQ
How did Janus International (JBI) perform in Q1 2026?
Janus reported Q1 2026 revenue of $222.7 million, up 5.8% year-over-year. Net income dropped to $0.2 million, while Adjusted EBITDA fell 14.1% to $33.0 million, reflecting higher operating costs, acquisition-related items, and a debt extinguishment loss.
What drove Janus International’s revenue growth in Q1 2026?
Revenue growth came mainly from self-storage. Total self-storage revenue rose 8.7%, with new construction up 10.9% and R3 up 5.3%. The Kiwi II Construction acquisition contributed $18.1 million to new construction, while commercial and other revenue declined slightly by 0.5%.
Why did Janus International’s net income fall in Q1 2026?
Net income fell to $0.2 million from $10.8 million due to lower gross profit and higher operating expenses, plus restructuring charges, acquisition expenses, increased amortization, and a $2.1 million loss on extinguishment and modification of debt compared to the prior-year quarter.
How strong was Janus International’s cash flow in Q1 2026?
Operating cash flow was $36.2 million and free cash flow reached $33.4 million in Q1 2026. For the trailing twelve months ended April 4, 2026, free cash flow was $105.5 million, equating to free cash flow conversion of Adjusted Net Income of 155%.
What is Janus International’s 2026 financial guidance?
For full-year 2026, Janus reaffirms revenue guidance of $940–$980 million, including $90–$100 million of inorganic revenue. It also guides to Adjusted EBITDA of $165–$185 million, implying about 4.0% year-over-year growth at the midpoint of the range.
How did the Kiwi II Construction acquisition affect Janus International?
Janus paid $97.2 million in cash for Kiwi II Construction, a self-storage and pre‑engineered buildings provider. In Q1 2026, Kiwi II contributed $18.1 million to new construction revenue, supporting overall growth while increasing net debt and the company’s non‑GAAP net leverage ratio to 2.7x.