The following discussion and analysis provides information which management believes is relevant to an assessment and understanding of consolidated results of operations and financial condition. You should read the following discussion and analysis of our financial condition and results of operations in conjunction with the Unaudited Condensed Consolidated Financial Statements and notes thereto contained in this Quarterly Report on Form 10-Q (the “Form 10-Q”) and the Consolidated Financial Statements and notes thereto contained in our Annual Report on Form 10-K for the year ended January 3, 2026. Certain information contained in this discussion and analysis or set forth elsewhere in this Form 10-Q, including information with respect to plans and strategy for our business, includes forward-looking statements that involve risks and uncertainties. As a result of many factors, including those factors set forth in the section entitled “Risk Factors,” our actual results could differ materially from the results described in or implied by the forward-looking statements contained in the following discussion and analysis. Factors that could cause or contribute to such differences include, but are not limited to, capital expenditures, economic and competitive conditions, regulatory changes and other uncertainties, as well as those factors discussed below and elsewhere in this Form 10-Q. We assume no obligation to update any of these forward-looking statements. Unless otherwise indicated or the context otherwise requires, references in this Management’s Discussion and Analysis of Financial Condition and Results of Operations section to “Janus,” “we,” “us,” “our,” and other similar terms refer to Janus International Group Inc. and its consolidated subsidiaries. Percentage amounts included in this Form 10-Q have not in all cases been calculated on the basis of such rounded figures, but on the basis of such amounts prior to rounding. For this reason, percentage amounts in this Form 10-Q may vary from those obtained by performing the same calculations using the figures in our Unaudited Condensed Consolidated Financial Statements included elsewhere in this Form 10-Q. Certain other amounts that appear in this Form 10-Q may not sum due to rounding. Dollar amounts are shown in millions of dollars, unless otherwise noted, and rounded to the nearest tenth of a million except for share and per share amounts. Introduction This Management’s Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”) is a supplement to the accompanying Unaudited Condensed Consolidated Financial Statements and provides additional information on our business, recent developments, financial condition, liquidity and capital resources, cash flows and results of operations. MD&A is organized as follows: •Business Overview: This section provides a general description of our business, and a discussion of management’s general outlook regarding market demand, our competitive position and product innovation, as well as recent developments that we believe are important to understanding our results of operations and financial condition or in understanding anticipated future trends. •Basis of Presentation: This section provides a discussion of the basis on which our Unaudited Condensed Consolidated Financial Statements were prepared. •Results of Operations: This section provides an analysis of our results of operations for the three and six month periods ended July 4, 2026 and June 28, 2025. •Liquidity and Capital Resources: This section provides a discussion of our financial condition and an analysis of our cash flows for the six month periods ended July 4, 2026 and June 28, 2025. This section also provides a discussion of our contractual obligations, other purchase commitments and customer credit risk that existed at July 4, 2026, as well as a discussion of our ability to fund our future commitments and ongoing operating activities through internal and external sources of capital. •Critical Accounting Estimates: This section identifies and summarizes those accounting estimates that significantly impact our reported results of operations and financial condition and require significant judgment or estimates on the part of management in their application. 29 Business Overview We are a global manufacturer and supplier of turn-key self-storage, commercial, and industrial building solutions including: roll up and swing doors, hallway systems, relocatable storage units, and facility and door automation technologies with manufacturing operations in Georgia, Texas, Arizona, Indiana, North Carolina, Tennessee, Poland, United Kingdom (“U.K.”), and Australia. The self-storage industry is comprised of institutional and non-institutional facilities. Institutional facilities typically include multi-story, climate controlled facilities located in prime locations owned and/or managed by large real estate investment trusts (“REITs”) or returns-driven operators of scale and are primarily located in the top 50 U.S. metropolitan statistical areas (“MSAs”), whereas the vast majority of non-institutional facilities are single-story, non-climate controlled facilities located outside of city centers owned and/or managed by smaller private operators that are mostly located outside of the top 50 U.S. MSAs. We are highly integrated with customers at every phase of a project, including facility planning/design, construction, access control, and the restoration, rebuilding, and replacement (“R3”) of self-storage facilities and damaged or end-of-life products. Our business is operated through two geographic regions that comprise our two reportable segments: Janus North America and Janus International. Our Janus International segment is comprised of JIEH, whose production and sales are largely in Europe and Australia. Our Janus North America segment is comprised of all the other entities including Janus International Group, LLC (“Janus Core”), together with each of its operating subsidiaries, Noke, Inc. (“NOKE”), Asta Industries, Inc. (“ASTA”), Access Control Technologies, LLC (“ACT”), Janus Door, LLC (“Janus Door”), Steel Door Depot.com, LLC (“Steel Door Depot”), Janus International Canada, Ltd. (“Janus Canada”), and Terminal Door, LLC (“Terminal Door”). Janus Core includes our Kiwi II Construction, BETCO, and DBCI branded offerings. Furthermore, our business is comprised of three primary sales channels: self-storage - new construction, self-storage - R3 (R3), and commercial and other. The commercial and other category is primarily comprised of roll-up sheet and rolling steel door sales into the commercial marketplace. New construction consists of engineering and project management work pertaining to the design, building, and logistics of a greenfield new self-storage facility tailored to customer specifications. Any Nokē Smart Entry System revenue associated with a new construction project also rolls up into this sales channel. The concept of R3 is to remodel self-storage facilities including storage unit doors, hallways, ceilings, and offices, optimizing unit mix and utilizing vacant land for movable storage units (“MASS” relocatable storage units), and adding a more robust security solution to enable customers to (1) charge higher rental rates and (2) compete with modern self-storage facilities and large operators. In addition, the R3 sales channel includes new self-storage capacity being brought online through conversions and expansions. R3 transforms facilities through door replacement, facility upgrades, Nokē Smart Entry Systems, and relocatable storage MASS units. Commercial light duty steel roll-up doors are designed for applications that require less frequent and less demanding operations. We offer heavy duty commercial grade steel doors (minimized dead-load, or constant weight of the curtain itself) perfect for warehouses, commercial buildings, and terminals, designed with a higher gauge and deeper guides, which combat the heavy scale of use with superior strength and durability. We offer rolling steel doors known for minimal maintenance and easy installation with, but not limited to, the following options for: commercial slat doors, heavy duty service doors, fire doors, fire rated counter shutters, insulated service doors, counter shutters and grilles. We also provide trucking terminal renovation, construction, remodeling, and maintenance services to trucking customers in the United States. 30 Executive Overview Our operational and corporate strategy is to penetrate the self-storage, commercial and industrial storage markets, as well as capitalizing on aging self-storage facilities, while continuing to diversify our products and solutions. We are a bespoke provider of products and solutions for our clients. •Total revenues of $233.5 for the three month period ended July 4, 2026 compared to $228.1 for the three month period ended June 28, 2025. •Net income of $10.7 for the three month period ended July 4, 2026 compared to $20.7 for the three month period ended June 28, 2025. •Adjusted EBITDA of $40.2 for the three month period ended July 4, 2026 compared to $49.0 for the three month period ended June 28, 2025. •Adjusted EBITDA as a percentage of revenues was 17.2% for the three month period ended July 4, 2026 compared to 21.5% for the three month period ended June 28, 2025. •Cash flows provided by operations of $24.4 were generated for the three month period ended July 4, 2026 compared to $51.4 cash flows provided by operations for the three month period ended June 28, 2025. •Common stock worth $1.9 was repurchased in the three months ended July 4, 2026, which consisted of 367,096 shares, as part of our share repurchase program. We have $63.1 in remaining capacity under our share repurchase program. Information regarding use of Adjusted EBITDA — a non-GAAP measure, and a reconciliation to the most comparable GAAP measure, are included in “Non-GAAP Financial Measures.” Business Segment Information Our business is operated through two geographic regions that comprise our two reportable segments: Janus North America and Janus International. Janus North America is comprised of Corporate, Janus Core (inclusive of our BETCO, Kiwi, and DBCI branded offerings), Janus Door, Janus Canada, Steel Door Depot, ASTA, NOKE, ACT, and T.M.C. Janus North America produces and provides various fabricated components such as commercial and self-storage doors, walls, hallway systems and building components used primarily by owners or builders of self-storage facilities and also offers installation services along with the products. Janus North America represents approximately 85% to 95% of the Company’s revenue. Janus International is comprised of Janus International Europe Holdings Ltd. (“Janus Europe Holdings”) and its subsidiaries, Janus International Australia Pty Ltd (“Janus Australia”), Janus International Europe Ltd (“Janus Europe”), Janus International France SARL (“Janus France”), and Janus International Poland sp. z.o.o (“Janus Poland”). The Janus International segment produces and provides similar products and services as Janus North America but largely in Europe, the U.K., and Australia. Janus International represents approximately 5% to 15% of the Company’s consolidated revenue. Acquisitions Our accretive merger and acquisition (“M&A”) strategy focuses on (i) portfolio diversification into attractive and logical adjacencies, (ii) geographic expansion, and (iii) technological innovation. Inorganic growth, through acquisitions, serves to increase Janus’s strategic growth. On January 8, 2026, through our wholly owned subsidiary Janus Core, we acquired 100% of the business operations (such transaction, the “Kiwi II Acquisition”) of Kiwi II Construction, Inc., a California corporation, Kiwi II East Inc., a Tennessee corporation, and Metal Tech, Inc., a California corporation, (collectively, the “Kiwi II Sellers”). Pursuant to the asset purchase agreement for such acquisition, we acquired substantially all the assets of the Kiwi II Sellers related to the business of designing, supplying, and constructing self-storage facilities and manufacturing certain components used in those facilities for a total cash consideration of $98.8. Human Capital Human capital is one of the main cost drivers of our manufacturing, selling, and administrative processes. As a result, we believe that headcount generally provides a reflection of our operational status, indicating whether the business is expanding or contracting. As of July 4, 2026 and June 28, 2025, our headcount was 1,950 employees (including 367 temporary employees) and 2,257 employees (including 410 temporary employees), respectively. Basis of Presentation The Unaudited Condensed Consolidated Financial Statements have been derived from the accounts of Janus and its wholly owned subsidiaries. Our fiscal year follows a 4-4-5 calendar which divides a year into four quarters of 13 weeks, grouped into two 4-week “months” and one 5-week “month.” The major advantage of a 4-4-5 calendar is that the end date of the period is always the same day of the week, 31 making manufacturing planning easier as every period is the same length. Every fifth or sixth year will require a 53rd week. As a result, some reporting periods are not as comparable as other reporting periods. Our most recent 53 week year was fiscal 2025. We have presented results of operations, including the related discussion and analysis for: •The thirteen week period ended July 4, 2026 compared to the thirteen week period ended June 28, 2025. •The twenty-six week period ended July 4, 2026 compared to the twenty-six week period ended June 28, 2025. Components of Results of Operations Product Revenues. Product revenues represent the revenue from the sale of products, including steel roll-up and swing doors, rolling steel doors, steel structures, as well as hallway systems and facility and door automation technologies for commercial and self-storage customers. Product revenue is recognized upon transfer of control to the customer, which generally takes place at the point of destination. Product revenues also include all revenues affiliated with erecting a self-storage facility for our customers, which is recognized over time, over the life of the contract, which is generally less than a year. We expect our product revenue may vary from period to period based on, among other things, the timing and size of orders and delivery of products and the impact of significant transactions. Revenues are monitored and analyzed as a function of sales reporting within the following sales channels: new construction, R3, and commercial and other. Service Revenues. Service revenues reflect installation services to customers for facilities, including steel roll-up and swing doors, hallway systems, and relocatable storage units, which are recognized over time based on the satisfaction of our performance obligation. We are highly integrated with customers at every phase of a project, including facility planning/design, construction, access control, and the R3 of damaged, or end-of-life products or rebranding of facilities due to market consolidation. Service revenues also include software license revenue generated through our Nokē Smart Entry platform and trucking terminal renovation, construction, remodeling, and maintenance services to provided to certain trucking customers. Revenues are monitored and analyzed as a function of sales reporting within the following sales channels: new construction, R3, and commercial and other. Service obligations are primarily short term and completed within a one-year time period. We expect our service revenue to increase as we add new customers and as our existing customers continue to add more content per square foot. Product Cost of Revenues. Product costs of revenues includes the manufacturing cost of our steel roll-up and swing doors, rolling steel doors, steel structures, and hallway systems which primarily consists of amounts paid to our third-party contract suppliers and personnel-related costs directly associated with manufacturing operations, depreciation on certain assets, as well as other overhead and indirect costs. Our product cost of revenues includes warranty costs, excess and obsolete inventory charges, shipping costs, cost of spare or replacement parts, and an allocated portion of overhead costs, including depreciation. Product costs of revenues also include all costs affiliated with erecting a self-storage facility for our customers. We expect our product cost of revenues to correlate with our product revenues. Service Cost of Revenues. Cost of services includes third-party installation-based subcontractor costs directly associated with the installation of our products. We expect our service cost of revenues to correlate with our service revenues. Selling and Marketing Expense. Selling expenses consist primarily of compensation and benefits of employees engaged in selling activities as well as related travel, advertising, and trade shows/conventions. We expect selling expenses to correlate with overall revenues, with some deviations for strategic investments. General and Administrative Expense. General and administrative (“G&A”) expenses are comprised primarily of expenses relating to back office employee compensation and benefits, provision for expected credit losses, travel, meals, and entertainment expenses as well as depreciation on certain assets, and amortization. Interest Expense, net. Consists of interest expense on short-term and long-term debt and amortization on deferred financing fees (see Note 10 to our Unaudited Condensed Consolidated Financial Statements in this Form 10-Q for additional information), partially offset by interest income earned on cash equivalents. 32 Key Performance Measures We evaluate the performance of our reportable segments based on the revenue of services and products, gross profit, operating margins, and cash from business operations. We use Adjusted EBITDA, which is a non-GAAP financial metric, as a supplemental measure of our performance in order to provide investors with an improved understanding of underlying performance trends. Please see the section “Non-GAAP Financial Measures” below for further discussion of this financial measure, including the reasons why we use such financial measures and reconciliations of such financial measures to the nearest GAAP financial measures. The following tables set forth key performance measures for the three and six month periods ended July 4, 2026 and June 28, 2025: Three Months Ended Variance (dollar amounts in millions) July 4, 2026 June 28, 2025 $ % Total Revenue $ 233.5 $ 228.1 $ 5.4 2.4 % Adjusted EBITDA $ 40.2 $ 49.0 $ (8.8) (18.0) % Adjusted EBITDA (% of revenue) 17.2 % 21.5 % (4.3) % Six Months Ended Variance (dollar amounts in millions) July 4, 2026 June 28, 2025 $ % Total Revenue $ 456.2 $ 438.6 $ 17.6 4.0 % Adjusted EBITDA* $ 73.2 $ 87.4 $ (14.2) (16.2) % Adjusted EBITDA (% of revenue) 16.0 % 19.9 % (3.9) % *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. Total revenue increased by $5.4 or 2.4% and by $17.6 or 4.0% for the three and six month periods ended July 4, 2026 compared to the three and six month periods ended June 28, 2025. These increases are primarily attributable to inorganic revenues of $19.2 and $37.3 for the three and six month periods from the Kiwi II Acquisition, which more than offset the continuation of organic volume declines associated with uncertainty in the macroeconomic environment, sustained elevated interest rates, along with lower housing churn Adjusted EBITDA decreased by $8.8 or 18.0% and by $14.2 or 16.2% for the three and six month periods ended July 4, 2026 compared to the three and six month periods ended June 28, 2025. Adjusted EBITDA as a percentage of revenue decreased by 4.3% and 3.9% for the three and six month periods ended July 4, 2026, respectively. These decreases were primarily attributable to a decline in organic revenues from pricing pressures in conjunction with loss of leverage on our fixed costs as well as higher steel prices. (See “Non-GAAP Financial Measures” section). 33 Factors Affecting the Results of Operations Key Factors Affecting the Business and Financial Statements We believe our performance and future growth depends on a number of factors that present significant opportunities but also pose risks and challenges. Factors Affecting Revenues Our revenues from products sold are driven by economic conditions, which impacts new construction of self-storage facilities, R3 of self-storage facilities, and commercial revenue. We periodically modify sales prices of our products due to changes in costs for raw materials and energy, market conditions, labor and logistics costs, and the competitive environment. In certain cases, realized price increases are less than the announced price increases due to project pricing, competitive reactions, and changing market conditions. We also offer a wide assortment of products that are differentiated by style, design, and performance attributes. Pricing and margins for products within the assortment vary. In addition, changes in the relative quantity of products purchased at different price points can impact year-to-year comparisons of revenues and income from operations. Service revenue is driven by the product revenue and the increase in value-added services, which consists primarily of installation and project management, and third-party security. We believe Janus differentiates itself through on-time delivery, efficient installation, customer service satisfaction, and a reputation for high quality products. Factors Affecting Growth Through Acquisitions Our business strategy includes growth through the acquisition of other companies that yield our acceptable internal rate of return. We evaluate companies that we believe will strategically fit into our business and growth objectives, including those that will support our overall strategy of portfolio diversification, geographic expansion, and technological innovation, among other areas of focus. While we seek acquisition opportunities that we believe will augment our business and growth objectives, certain factors could prevent acquisition opportunities from materializing, including target-company availability, relative valuation expectations, and certain due diligence considerations, among other factors. Factors Affecting Operating Costs Our operating expenses are comprised of direct production costs (principally raw materials, labor, and energy), manufacturing overhead costs, freight, costs to purchase sourced products, selling and marketing, and general and administrative expenses. Our largest individual raw material expenditure is steel coils. Fluctuations in the prices of steel coil are generally beyond our control and have a direct impact on the financial results. We enter into agreements with large suppliers in order to lock in steel coil prices for part of our production needs. These agreements are renewed annually and partially mitigate the potential impacts of short-term steel coil price fluctuations. These arrangements allow us to purchase quantities of product within specified ranges as outlined in the contracts. Outbound and inbound freight costs are driven by our volume of product revenues and are subject to the freight market pricing environment. Tariffs and Trade Restrictions Some of our products, components, and raw materials may be impacted by recent tariff announcements and restrictions on trade. On February 10, 2025, President Trump issued an executive order re-imposing 25% tariffs on steel imports from all sources under Section 232, effective March 12, 2025, ending country and product exemptions. Effective June 4, 2025, the tariffs on steel imports were increased to 50% for all countries other than the U.K. On February 20, 2026, the U.S. Supreme Court ruled that tariffs under the International Emergency Economic Powers Act (“IEEPA”) are unlawful. The Trump Administration responded by immediately revoking tariffs implemented under IEEPA and imposing a new 10% global tariff pursuant to Section 122 of the Trade Act of 1974, effective February 24, 2026 for a period of 150 days. While we cannot fully predict the impact of potential new tariffs on global trade and economic growth, we believe that our regional presence, strong customer relationships, and strategic approach to supplying raw materials for our operations positions us well to manage through these challenges. We actively monitor the regulatory environment and continue to make adjustments whenever necessary. Most of our steel strategically comes from domestic suppliers. We plan to continue to invest in our key strategic growth objectives while closely managing our cost structure and seeking alternative sources of supply to further reduce the impact of tariffs as appropriate. See Item 1A. Risk Factors – “Changes in U.S. trade policy and the imposition of tariffs could negatively impact our business, financial condition, and results of operations” in our Annual Report on Form 10-K for the year ended on January 3, 2026 for a further discussion on risks associated with tariffs and trade restrictions. Results of Operations - Consolidated 34 The period to period comparisons of our results of operations have been prepared using the historical periods included in our Unaudited Condensed Consolidated Financial Statements. The following discussion should be read in conjunction with the Unaudited Condensed Consolidated Financial Statements and related notes included elsewhere in this document. The following tables set forth our results of operations for the periods presented in dollars and as a percentage of total revenue. 35 Consolidated Results of Operations For the three and six month periods ended July 4, 2026 compared to the three and six month periods ended June 28, 2025 Three Months Ended Variance (dollar amounts in millions) July 4, 2026 June 28, 2025 $ % REVENUES Product revenues $ 197.9 $ 190.9 $ 7.0 3.7 % Service revenues 35.6 37.2 (1.6) (4.3) % Total revenues $ 233.5 $ 228.1 $ 5.4 2.4 % Product cost of revenues 129.1 108.6 20.5 18.9 % Service cost of revenues 24.1 26.3 (2.2) (8.4) % Cost of revenues $ 153.2 $ 134.9 $ 18.3 13.6 % GROSS PROFIT $ 80.3 $ 93.2 $ (12.9) (13.8) % OPERATING EXPENSES Selling and marketing 17.5 16.7 0.8 4.8 % General and administrative 42.2 40.5 1.7 4.2 % Operating Expenses $ 59.7 $ 57.2 $ 2.5 4.4 % INCOME FROM OPERATIONS $ 20.6 $ 36.0 $ (15.4) (42.8) % Interest expense, net (7.4) (9.1) 1.7 (18.7) % Other income (expense) (0.1) 0.2 (0.3) (150.0) % Other Expense, Net $ (7.5) $ (8.9) $ 1.4 (15.7) % INCOME BEFORE TAXES $ 13.1 $ 27.1 $ (14.0) (51.7) % Provision for Income Taxes 2.4 6.4 (4.0) (62.5) % NET INCOME $ 10.7 $ 20.7 $ (10.0) (48.3) % Adjusted EBITDA* $ 40.2 $ 49.0 $ (8.8) (18.0) % Six Months Ended Variance (dollar amounts in table in millions) July 4, 2026 June 28, 2025 $ % REVENUES Product revenues $ 386.7 $ 366.6 $ 20.1 5.5 % Service revenues 69.5 72.0 (2.5) (3.5) % Total revenues $ 456.2 $ 438.6 $ 17.6 4.0 % Product cost of revenues 254.3 213.3 41.0 19.2 % Service cost of revenues 46.4 50.2 (3.8) (7.6) % Cost of revenues $ 300.7 $ 263.5 $ 37.2 14.1 % GROSS PROFIT $ 155.5 $ 175.1 $ (19.6) (11.2) % OPERATING EXPENSES Selling and marketing 35.4 33.6 1.8 5.4 % General and administrative 86.4 80.2 6.2 7.7 % Operating Expenses $ 121.8 $ 113.8 $ 8.0 7.0 % INCOME FROM OPERATIONS $ 33.7 $ 61.3 $ (27.6) (45.0) % Interest expense, net (15.5) (19.3) 3.8 (19.7) % Loss on extinguishment and modification of debt (2.1) — (2.1) — % Other (expense) income (0.5) 0.5 (1.0) (200.0) % Other Expense, Net $ (18.1) $ (18.8) $ 0.7 (3.7) % INCOME BEFORE TAXES $ 15.6 $ 42.5 $ (26.9) (63.3) % Provision for Income Taxes 4.7 11.0 (6.3) (57.3) % NET INCOME $ 10.9 $ 31.5 $ (20.6) (65.4) % Adjusted EBITDA* $ 73.2 $ 87.4 $ (14.2) (16.2) % *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. 36 Consolidated Revenues Three Months Ended Variance Variance Breakdown (dollar amounts in millions) July 4, 2026 June 28, 2025 $ % Acquisition Revenue Organic Growth Organic Growth % Product revenues $ 197.9 $ 190.9 $ 7.0 3.7 % $ 19.2 $ (12.2) (6.4) % Service revenues 35.6 37.2 (1.6) (4.3) % — (1.6) (4.3) % Total revenues $ 233.5 $ 228.1 $ 5.4 2.4 % $ 19.2 $ (13.8) (6.0) % Six Months Ended Variance Variance Breakdown (dollar amounts in millions) July 4, 2026 June 28, 2025 $ % Acquisition Revenue Organic Growth Organic Growth % Product revenues $ 386.7 $ 366.6 $ 20.1 5.5 % $ 37.3 $ (17.2) (4.7) % Service revenues 69.5 72.0 (2.5) (3.5) % — (2.5) (3.5) % Total revenues $ 456.2 $ 438.6 $ 17.6 4.0 % $ 37.3 $ (19.7) (4.5) % Total revenue increased by $5.4 or 2.4% and by $17.6 or 4.0% for the three and six month periods ended July 4, 2026 compared to the three and six month periods ended June 28, 2025. These increases were primarily attributed to $19.2 and $37.3 for the three and six month periods ended July 4, 2026, respectively, in inorganic revenue from the Kiwi II acquisition. These increases more than offset organic revenue volume declines of $13.8 and $19.7 for the three and six month periods associated with uncertainty in the macroeconomic environment, sustained elevated interest rates, along with lower housing churn. The following tables and discussion compare Janus’s sales by sales channel: (dollar amounts in millions) Three Months Ended Variance Consolidated July 4, 2026 % of Total Sales June 28, 2025 % of Total Sales $ % Self-storage - new construction $ 113.0 48.4 % $ 93.9 41.2 % $ 19.1 20.3 % Self-storage - R3 56.4 24.2 % 52.9 23.2 % 3.5 6.6 % Total self-storage 169.4 72.5 % 146.8 64.4 % 22.6 15.4 % Commercial and other 64.1 27.5 % 81.3 35.6 % (17.2) (21.2) % Total revenues $ 233.5 100.0 % $ 228.1 100.0 % $ 5.4 2.4 % (dollar amounts in millions) Six Months Ended Variance Consolidated July 4, 2026 % of Total Sales June 28, 2025 % of Total Sales $ % Self-storage - new construction $ 209.4 45.9 % $ 177.6 40.5 % $ 31.8 17.9 % Self-storage - R3 116.4 25.5 % 112.7 25.7 % 3.7 3.3 % Total self-storage 325.8 71.4 % 290.3 66.2 % 35.5 12.2 % Commercial and other 130.4 28.6 % 148.3 33.8 % (17.9) (12.1) % Total revenues $ 456.2 100.0 % $ 438.6 100.0 % $ 17.6 4.0 % New construction revenues increased by $19.1 or 20.3% and by $31.8 or 17.9% for the three and six month periods ended July 4, 2026 compared to the three and six month periods ended June 28, 2025. The increases in the three and six month periods ended July 4, 2026 are primarily attributable to $19.2 and $37.3 related to inorganic revenue from the Kiwi II Acquisition. R3 revenues increased by $3.5 or 6.6% and by $3.7 or 3.3% for the three and six month periods ended July 4, 2026 compared to the three and six month periods ended June 28, 2025 driven by increases in door replacements and redevelopment activity, as well as increases in conversion and expansion activity. Commercial and other revenues decreased by $17.2 or 21.2% and by $17.9 or 12.1% for the three and six month periods ended July 4, 2026 compared to the three and six month periods ended June 28, 2025, driven by continued softness in demand for commercial sheet doors and project delays, partially offset by strength in rolling steel. 37 Consolidated Cost of Revenues Three Months Ended Variance Variance Breakdown (dollar amounts in millions) July 4, 2026 June 28, 2025 $ % Acquisition Cost of Revenues Organic Growth Organic Growth % Product cost of revenues $ 129.1 $ 108.6 $ 20.5 18.9 % $ 16.4 $ 4.1 3.8 % Service cost of revenues 24.1 26.3 (2.2) (8.4) % — (2.2) (8.4) % Cost of revenues $ 153.2 $ 134.9 $ 18.3 13.6 % $ 16.4 $ 1.9 1.4 % Six Months Ended Variance Variance Breakdown (dollar amounts in millions) July 4, 2026 June 28, 2025 $ % Acquisition Cost of Revenues Organic Growth Organic Growth % Product cost of revenues $ 254.3 $ 213.3 $ 41.0 19.2 % $ 30.4 $ 10.6 5.0 % Service cost of revenues 46.4 50.2 (3.8) (7.6) % — $ (3.8) (7.6) % Cost of revenues $ 300.7 $ 263.5 $ 37.2 14.1 % $ 30.4 $ 6.8 2.6 % Total cost of revenues increased by $18.3 or 13.6% and by $37.2 or 14.1% for the three and six month periods ended July 4, 2026, respectively, compared to the three and six month periods ended June 28, 2025. The increases in product cost of revenues of $20.5 and $41.0 for the three and six month periods ended July 4, 2026, respectively, were primarily attributable to the Kiwi II acquisition as well as higher steel prices and freight costs on the organic business. The $2.2 and $3.8 decreases in service cost of revenues for the three and six month periods ended July 4, 2026 were primarily attributable to the decline in service revenues. Operating Expenses - Selling and marketing Selling and marketing expense increased $0.8 or 4.8% and $1.8 or 5.4% for the three and six month periods ended July 4, 2026 compared to the three and six month periods ended June 28, 2025, respectively. The increase for the three and six month periods was primarily attributable to increases in revenue for these periods. Operating Expenses - General and administrative General and administrative expenses increased $1.7 or 4.2% and $6.2 or 7.7% for the three and six month periods ended July 4, 2026 compared to the three and six month periods ended June 28, 2025, respectively. The increase for the three and six month periods is primarily attributable to non-cash amortization expense related to the Kiwi II Acquisition, which were offset by decreases in employee related costs from the organic business from our ongoing restructuring initiatives. Interest Expense, net Interest expense, net decreased $1.7 or 18.7% and $3.8 or 19.7% for the three and six month periods ended July 4, 2026 compared to the three and six month periods ended June 28, 2025, respectively, primarily due to a lower overall interest rate from the February 2026 Repricing Amendment. Additionally, due to our lower balance of cash and cash equivalents, we earned interest income of $0.9 and $1.6 for the three and six month periods ended July 4, 2026, respectively compared to $1.2 and $2.3 for the three and six month periods ended June 28, 2025, respectively. (See “Liquidity and Capital Resources” section). Income Taxes Income tax expense decreased by $4.0 or 62.5% and by $6.3 or 57.3% for the three and six month periods ended July 4, 2026. The changes for both periods are primarily attributable to the decrease in income before taxes. Net Income The $10.0 or 48.3% and $20.6 or 65.4% decrease in net income for three and six month periods ended July 4, 2026 as compared to the three and six month periods ended June 28, 2025, respectively, is primarily attributable to declines in organic revenues along with increases in cost of revenues and operating expenses for the three and six month periods ended July 4, 2026. Adjusted EBITDA Adjusted EBITDA decreased $8.8 or 18.0% and by $14.2 or 16.2% for the three and six month periods ended July 4, 2026 compared to the three and six month periods ended June 28, 2025, primarily attributable to a decline in organic revenues from pricing pressures in conjunction with loss of leverage on our fixed costs. 38 Segment Results of Operations We operate in and report financial results for two segments: Janus North America and Janus International with the following sales channels: self-storage - new construction, self-storage - R3, and commercial and other. Gross profit and Adjusted EBITDA are the measures of profit and loss that our Chief Operating Decision Maker (“CODM”) uses to evaluate the financial performance of the business and as the basis for resource allocation, performance reviews and compensation. Adjusted EBITDA is defined as net income excluding interest expense, income taxes, depreciation, amortization, and other non-operational, non-recurring items. The CODM uses Adjusted EBITDA, a non-GAAP financial measure, as a primary performance metric to assess operating performance, develop future operating plans, and make strategic decisions related to operating expenses and resource allocation, among others. The segment discussion that follows describes the significant factors contributing to the changes in results for each segment included in net earnings. Results of Operations - Janus North America For the three and six month periods ended July 4, 2026 compared to the three and six month periods ended June 28, 2025 Three Months Ended Variance (dollar amounts in millions) July 4, 2026 June 28, 2025 $ % REVENUES Product revenues $ 167.7 $ 163.2 $ 4.5 2.8 % Service revenues 35.2 37.1 (1.9) (5.1) % Total revenues $ 202.9 $ 200.3 $ 2.6 1.3 % Product cost of revenues 106.6 88.9 17.7 19.9 % Service cost of revenues 24.0 26.1 (2.1) (8.0) % Cost of revenues $ 130.6 $ 115.0 $ 15.6 13.6 % GROSS PROFIT $ 72.3 $ 85.3 $ (13.0) (15.2) % OPERATING EXPENSES Selling and marketing 16.1 15.4 0.7 4.5 % General and administrative 38.9 36.7 2.2 6.0 % Operating Expenses $ 55.0 $ 52.1 $ 2.9 5.6 % INCOME FROM OPERATIONS $ 17.3 $ 33.2 $ (15.9) (47.9) % Adjusted EBITDA* $ 36.4 $ 44.8 $ (8.4) (18.8) % Six Months Ended Variance (dollar amounts in millions) July 4, 2026 June 28, 2025 $ % REVENUES Product revenues $ 329.9 $ 319.2 $ 10.7 3.4 % Service revenues 68.9 71.8 (2.9) (4.0) % Total revenues $ 398.8 $ 391.0 $ 7.8 2.0 % Product cost of revenues 210.6 178.3 32.3 18.1 % Service cost of revenues 46.2 50.0 (3.8) (7.6) % Cost of revenues $ 256.8 $ 228.3 $ 28.5 12.5 % GROSS PROFIT $ 142.0 $ 162.7 $ (20.7) (12.7) % OPERATING EXPENSES Selling and marketing 32.8 31.2 1.6 5.1 % General and administrative 79.7 73.2 6.5 8.9 % Operating Expenses $ 112.5 $ 104.4 $ 8.1 7.8 % INCOME FROM OPERATIONS $ 29.5 $ 58.3 $ (28.8) (49.4) % Adjusted EBITDA* $ 67.9 $ 81.7 $ (13.8) (16.9) % *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. 39 Janus North America Revenues Three Months Ended Variance Variance Breakdown (dollar amounts in millions) July 4, 2026 June 28, 2025 $ % Acquisition Revenue Organic Growth Organic Growth % Product revenues $ 167.7 $ 163.2 $ 4.5 2.8 % $ 19.2 $ (14.7) (9.0) % Service revenues 35.2 37.1 (1.9) (5.1) % — $ (1.9) (5.1) % Total revenues $ 202.9 $ 200.3 $ 2.6 1.3 % $ 19.2 $ (16.6) (8.3) % Six Months Ended Variance Variance Breakdown (dollar amounts in millions) July 4, 2026 June 28, 2025 $ % Acquisition Revenue Organic Growth Organic Growth % Product revenues $ 329.9 $ 319.2 $ 10.7 3.4 % $ 37.3 $ (26.6) (8.3) % Service revenues 68.9 71.8 (2.9) (4.0) % — $ (2.9) (4.0) % Total revenues $ 398.8 $ 391.0 $ 7.8 2.0 % $ 37.3 $ (29.5) (7.5) % Total revenue increased by $2.6 or 1.3% and $7.8 or 2.0% for the three and six month periods ended July 4, 2026 compared to the three and six month periods ended June 28, 2025, respectively. These increases were primarily attributed to $19.2 and $37.3 for the three and six month periods ended July 4, 2026, respectively, in inorganic revenue from the Kiwi II acquisition. These increases more than offset organic revenue volume declines of $16.6 and $29.5 for the three and six month periods associated with uncertainty in the macroeconomic environment, sustained elevated interest rates, along with lower housing churn. The following tables and discussion compare Janus North America revenues by sales channel. Three Months Ended Variance (dollar amounts in millions) July 4, 2026 % of Total Sales June 28, 2025 % of Total Sales $ % Self-storage - new construction $ 84.2 41.5 % $ 68.8 34.3 % $ 15.4 22.4 % Self-storage - R3 54.1 26.7 % 49.6 24.8 % 4.5 9.1 % Total self-storage 138.3 68.2 % 118.4 59.1 % 19.9 16.8 % Commercial and Other 64.6 31.8 % 81.9 40.9 % (17.3) (21.1) % Total $ 202.9 100.0 % $ 200.3 100.0 % $ 2.6 1.3 % Six Months Ended Variance (dollar amounts in millions) July 4, 2026 % of Total Sales June 28, 2025 % of Total Sales $ % Self-storage - new construction $ 155.5 39.0 % $ 132.6 33.9 % $ 22.9 17.3 % Self-storage - R3 111.9 28.1 % 108.0 27.6 % 3.9 3.6 % Total self-storage 267.4 67.1 % 240.6 61.5 % 26.8 11.1 % Commercial and Other 131.4 32.9 % 150.4 38.5 % (19.0) (12.6) % Total $ 398.8 100.0 % $ 391.0 100.0 % $ 7.8 2.0 % New construction sales increased by $15.4 or 22.4% and $22.9 or 17.3% for the three and six month periods ended July 4, 2026 compared to the three and six month periods ended June 28, 2025, respectively. The increases in the three and six month periods ended July 4, 2026 are primarily attributable to $19.2 and $37.3 related to the Kiwi II Acquisition, which more than offset decline in volume in the organic business associated with continued macroeconomic uncertainty. R3 sales increased by $4.5 or 9.1% and by $3.9 or 3.6% for the three and six month periods ended July 4, 2026 compared to the three and six month periods ended June 28, 2025. The R3 sales increase was driven by increases in door replacements and redevelopment activity, as well as increases in conversion and expansion activity. Commercial and other sales decreased by $17.3 or 21.1% and $19.0 or 12.6% for the three and six month periods ended July 4, 2026 compared to the three and six month periods ended June 28, 2025, respectively. These decreases were driven by continued softness in demand for commercial sheet doors and project delays, partially offset by strength in rolling steel. 40 Janus North America Cost of Revenues Three Months Ended Variance Variance Breakdown (dollar amounts in millions) July 4, 2026 June 28, 2025 $ % Acquisition Cost of Revenues Organic Growth Organic Growth % Product cost of revenues $ 106.6 $ 88.9 $ 17.7 19.9 % $ 16.4 $ 1.3 1.5 % Service cost of revenues 24.0 26.1 (2.1) (8.0) % — (2.1) (8.0) % Cost of revenues $ 130.6 $ 115.0 $ 15.6 13.6 % $ 16.4 $ (0.8) (0.7) % Six Months Ended Variance Variance Breakdown (dollar amounts in millions) July 4, 2026 June 28, 2025 $ % Acquisition Cost of Revenues Organic Growth Organic Growth % Product cost of revenues $ 210.6 $ 178.3 $ 32.3 18.1 % $ 30.4 $ 1.9 1.1 % Service cost of revenues 46.2 50.0 (3.8) (7.6) % — (3.8) (7.6) % Cost of revenues $ 256.8 $ 228.3 $ 28.5 12.5 % $ 30.4 $ (1.9) (0.8) % The $15.6 or 13.6% and $28.5 or 12.5% increase in cost of revenues for the three and six month periods periods ended July 4, 2026 compared to the three and six month periods ended June 28, 2025, respectively, were primarily attributable to the Kiwi II acquisition as well as higher steel prices and freight costs on the organic business. The $2.1 and $3.8 decreases in service cost of revenues for the three and six month periods ended July 4, 2026 was primarily attributable to the decline in service revenue. Operating Expenses - Selling and marketing Selling and marketing expenses increased $0.7 or 4.5% and $1.6 or 5.1% from for the three and six month periods ended July 4, 2026 compared to the three and six month periods ended June 28, 2025, respectively. The increases for the three and six month periods are primarily due to increases in revenue for these periods. Operating Expenses - General and administrative General and administrative expenses increased $2.2 or 6.0% and $6.5 or 8.9% for the three and six month periods ended July 4, 2026 compared to the three and six month periods ended June 28, 2025, respectively. The increase for the three and six month periods is primarily attributable to non-cash amortization expense related to the Kiwi II Acquisition, which were offset by decreases in employee related costs from the organic business from our ongoing restructuring initiatives. Income from Operations Income from operations decreased by $15.9 or 47.9% and by $28.8 or 49.4% for the three and six month periods ended July 4, 2026 compared to the three and six month periods ended June 28, 2025, respectively. These decreases were primarily attributable to declines in gross margins and operating expenses for the three and six month periods ended July 4, 2026. Adjusted EBITDA Adjusted EBITDA decreased by $8.4 or 18.8% and by $13.8 or 16.9% for the three and six month periods ended July 4, 2026 compared to the three and six month periods ended June 28, 2025, primarily attributable to declines in organic revenue from pricing pressures in conjunction with loss of leverage on our fixed costs. 41 Results of Operations - Janus International - For the three and six month periods ended July 4, 2026 compared to the three and six month periods ended June 28, 2025: Three Months Ended Variance (dollar amounts in millions) July 4, 2026 June 28, 2025 $ % REVENUE Product revenues $ 30.7 $ 28.3 $ 2.4 8.5 % Service revenues 0.4 0.1 0.3 300.0 % Total revenues $ 31.1 $ 28.4 $ 2.7 9.5 % Product cost of revenues 23.0 20.4 2.6 12.7 % Service cost of revenues 0.1 0.1 — — % Cost of revenues $ 23.1 $ 20.5 $ 2.6 12.7 % GROSS PROFIT $ 8.0 $ 7.9 $ 0.1 1.3 % OPERATING EXPENSES Selling and marketing 1.4 1.3 0.1 7.7 % General and administrative 3.3 3.8 (0.5) (13.2) % Operating Expenses $ 4.7 $ 5.1 $ (0.4) (7.8) % INCOME FROM OPERATIONS $ 3.3 $ 2.8 $ 0.5 17.9 % Adjusted EBITDA* $ 3.8 $ 4.2 $ (0.4) (9.5) % Six Months Ended Variance (dollar amounts in millions) July 4, 2026 June 28, 2025 $ % REVENUE Product revenues $ 57.8 $ 49.4 $ 8.4 17.0 % Service revenues 0.6 0.2 0.4 200.0 % Total revenues $ 58.4 $ 49.6 $ 8.8 17.7 % Product cost of revenues 44.7 37.0 7.7 20.8 % Service cost of revenues 0.2 0.2 — — % Cost of revenues $ 44.9 $ 37.2 $ 7.7 20.7 % GROSS PROFIT $ 13.5 $ 12.4 $ 1.1 8.9 % OPERATING EXPENSES Selling and marketing 2.6 2.3 0.3 13.0 % General and administrative 6.7 7.0 (0.3) (4.3) % Operating Expenses $ 9.3 $ 9.3 $ — — % INCOME FROM OPERATIONS $ 4.2 $ 3.1 $ 1.1 35.5 % Adjusted EBITDA* $ 5.3 $ 5.7 $ (0.4) (7.0) % *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. 42 Janus International Revenues Three Months Ended Variance (dollar amounts in millions) July 4, 2026 June 28, 2025 $ % Product revenues $ 30.7 $ 28.3 $ 2.4 8.5 % Service revenues 0.4 0.1 0.3 300.0 % Total revenues $ 31.1 $ 28.4 $ 2.7 9.5 % Six Months Ended Variance (dollar amounts in millions) July 4, 2026 June 28, 2025 $ % Product revenues $ 57.8 $ 49.4 $ 8.4 17.0 % Service revenues 0.6 0.2 0.4 200.0 % Total revenues $ 58.4 $ 49.6 $ 8.8 17.7 % Revenues increased $2.7 or 9.5% and $8.8 or 17.7% for the three and six month periods ended July 4, 2026 compared to the three and six month periods ended June 28, 2025. The increase for the three month period ended July 4, 2026 is due to an increase in volume as well as favorable currency activity compared to the prior year. The increase for the six month period is due to an increase in volume as compared to prior year. The following table illustrates the revenues by sales channel for the three and six month periods ended July 4, 2026 and June 28, 2025. Three Months Ended Variance (dollar amounts in millions) July 4, 2026 % of Total Sales June 28, 2025 % of Total Sales $ % Self-storage - new construction $ 28.8 92.6 % $ 25.1 88.4 % $ 3.7 14.7 % Self-storage - R3 2.3 7.4 % 3.3 11.6 % (1.0) (30.3) % Total $ 31.1 100.0 % $ 28.4 100.0 % $ 2.7 9.5 % Six Months Ended Variance (dollar amounts in millions) July 4, 2026 % of Total Sales June 28, 2025 % of Total Sales $ % Self-storage - new construction $ 53.9 92.3 % $ 45.0 90.7 % $ 8.9 19.8 % Self-storage - R3 4.5 7.7 % 4.6 9.3 % (0.1) (2.2) % Total $ 58.4 100.0 % $ 49.6 100.0 % $ 8.8 17.7 % New construction sales increased by $3.7 or 14.7% and $8.9 or 19.8% for the three and six month periods ended July 4, 2026 compared to the three and six month periods ended June 28, 2025, respectively. These increases are due to increased volume as compared to prior year. R3 sales decreased by $1.0 or 30.3% and by $0.1 or 2.2% for the three and six month periods ended July 4, 2026 compared to the three and six month periods ended June 28, 2025, respectively. Janus International Cost of Revenues Three Months Ended Variance (dollar amounts in millions) July 4, 2026 June 28, 2025 $ % Product cost of revenues $ 23.0 $ 20.4 $ 2.6 12.7 % Service cost of revenues 0.1 0.1 — — % Cost of revenues $ 23.1 $ 20.5 $ 2.6 12.7 % Six Months Ended Variance (dollar amounts in millions) July 4, 2026 June 28, 2025 $ % Product cost of revenues $ 44.7 $ 37.0 $ 7.7 20.8 % Service cost of revenues 0.2 0.2 — — % Cost of revenues $ 44.9 $ 37.2 $ 7.7 20.7 % Cost of revenues increased by $2.6 or 12.7% and $7.7 or 20.7% for the three and six month periods ended July 4, 2026 compared to the three and six month periods ended June 28, 2025, respectively. The change in cost of revenues is driven by the aforementioned changes in revenue. Operating Expenses - General and administrative 43 General and administrative expenses decreased $0.5 or 13.2% and $0.3 or 4.3% for the three and six month periods ended July 4, 2026 compared to the three and six month periods ended June 28, 2025. This is primarily attributable to decreases in employee related costs from our previous restructuring initiatives. Income from Operations Income from operations increased from $2.8 to $3.3 and from $3.1 to $4.2 for the three and six month periods ended July 4, 2026 compared to the three and six month periods ended June 28, 2025. The increase for the periods is primarily due to an increase in sales volume. Results of Operations - Eliminations Eliminations include transactions to account for intercompany activity. The eliminations necessary to arrive at consolidated financial information activity for the three and six month periods ended July 4, 2026 and June 28, 2025 are as follows: Revenues Three Months Ended Six Months Ended (dollar amounts in millions) July 4, 2026 June 28, 2025 July 4, 2026 June 28, 2025 North America segment revenues before eliminations $ 202.9 $ 200.3 $ 398.8 $ 391.0 International segment revenues before eliminations 31.1 28.4 58.4 49.6 Intersegment eliminations (0.5) (0.6) (1.0) (2.0) Consolidated total revenues $ 233.5 $ 228.1 $ 456.2 $ 438.6 Cost of revenues Three Months Ended Six Months Ended (dollar amounts in millions) July 4, 2026 June 28, 2025 July 4, 2026 June 28, 2025 North America segment cost of revenues before eliminations $ 130.6 $ 115.0 $ 256.8 $ 228.3 International segment cost of revenues before eliminations 23.1 20.5 44.9 37.2 Intersegment eliminations (0.5) (0.6) (1.0) (2.0) Consolidated total cost of revenues $ 153.2 $ 134.9 $ 300.7 $ 263.5 Liquidity and Capital Resources We assess our liquidity in terms of our ability to generate cash to fund our operating, investing, and financing activities. In doing so, we review and analyze our current cash on hand, borrowing capacity, days sales outstanding, inventory turns, days payable outstanding, capital expenditure forecasts, interest and principal payments on debt, and income tax payments. Our primary sources of liquidity include cash balances on hand, cash flows from operations, term loans, and borrowing availability under our existing credit facility. As market conditions warrant, we may, from time to time, repurchase our outstanding debt securities in the open market, in privately negotiated transactions, by tender offer, by exchange transaction, or otherwise. Such repurchases, if any, will depend on prevailing market conditions, our liquidity, and other factors and may be commenced or suspended at any time. At times, we may purchase transferable environmental tax credits that can be used to offset our current year or a prior year income tax liability. We believe our operating cash flows, along with funds available under the line of credit, provide sufficient liquidity to support our short and long-term liquidity and financing needs, which are working capital requirements, capital expenditures, service of indebtedness, and acquisitions. Financial Policy Our financial policy seeks to: (i) maintain appropriate leverage by using free cash flows to repay outstanding borrowing, including certain strategic capital investments, (ii) selectively invest in organic and inorganic growth to enhance our portfolio, and (iii) deploy capital through repurchases of common stock. Liquidity Policy We maintain a strong focus on liquidity and define our liquidity risk tolerance based on sources and uses to maintain a sufficient liquidity position to meet our obligations under both normal and stressed conditions. We manage our liquidity to provide access to sufficient funding to meet our business needs and financial obligations, as well as capital allocation and growth objectives, throughout business cycles. 44 Debt Profile (dollar amounts in millions) Principal Amount Issuance Date Maturity Date Interest Rate Net Carrying Value July 4, 2026 January 3, 2026 Notes payable - First Lien $ 600.0 August 3, 2023(1) August 3, 2030 5.62% (2) $ 549.6 $ 551.0 Financing leases 1.2 2.2 Total principal debt $ 550.8 $ 553.2 Less: unamortized deferred financing fees 5.8 7.5 Less: current portion of long-term debt 6.1 6.9 Long-term debt, net of current portion $ 538.9 $ 538.8 (1)Represents the original issuance date for the First Lien Credit and Guarantee Agreement, dated as of February 12, 2018 (as amended to date, the “First Lien Term Loan”). Subsequent to the original issuance of the First Lien Term Loan, we have amended the First Lien Term Loan on a number of occasions, including most recently on February 2, 2026 when we completed a repricing pursuant to the 2026 Repricing Amendment described below. (2)The interest rate on the 2026 Repricing Amendment as of July 4, 2026, was 5.62%, which is a variable rate based on Adjusted Term SOFR plus an applicable margin percent of 2.00%. First Lien Term Loan - On April 30, 2024, the Company completed a repricing pursuant to Amendment No. 7 (the “Repricing Amendment”) to the First Lien Term Loan. The Repricing Amendment reduced the applicable interest rate margins on the $600.0 First Lien Term Loan from 2.00% to 1.50% for the term loans bearing interest at rates based on the base rate, and from 3.00% to 2.50% for the term loans bearing interest at rates based on the secured overnight financing rate. In addition to the change in the applicable margin rate, the Company is no longer subject to a CSA rate of 0.10%. On February 2, 2026, we completed a repricing pursuant to Amendment No. 8 (the “2026 Repricing Amendment”) to the First Lien Term Loan, dated as of February 12, 2018, by and among Janus Intermediate, LLC, our wholly owned subsidiary (“Janus Intermediate”), Janus Core, our wholly owned subsidiary, Goldman Sachs Bank USA (as successor to UBS AG, Stamford Branch), as administrative agent and collateral agent and the other parties thereto. The 2026 Repricing Amendment reduces the applicable interest rate margins on the First Lien’s term loans by 50 basis points to 1.00% (for the term loans bearing interest at rates based on the base rate) and to 2.00% (for the term loans bearing interest at rates based on the secured overnight financing rate). Line of Credit - We maintain a $125.0 revolving credit facility, pursuant to an ABL Credit and Guarantee Agreement (the “2023 LOC Agreement”). Interest payments with respect to the 2023 LOC Agreement are due in arrears. The maturity date is August 3, 2028. The revolving credit facility bears interest at a floating rate per annum consisting of the SOFR rate plus an applicable margin percent based on excess availability and a 10 basis points flat CSA. There was no outstanding balance on the line of credit as of July 4, 2026. As of July 4, 2026, the interest rate in effect for the facility was 5.22%. The line of credit is secured by accounts receivable and inventories. See Note 9 to our Unaudited Condensed Consolidated Financial Statements in this Form 10-Q for a further discussion. As of July 4, 2026, we were compliant with our covenants under the agreements governing our outstanding indebtedness. As of July 4, 2026 and January 3, 2026, we maintained one letter of credit totaling approximately $0.4 on which there were no balances due. The amount available on the line of credit as of July 4, 2026 and January 3, 2026 was approximately $78.3 and $66.1, respectively. Statement of Cash Flows The following table presents a summary of cash flows from operating, investing and financing activities for the following comparative periods. For additional detail, please see the Unaudited Condensed Consolidated Statements of Cash Flows in the Unaudited Condensed Consolidated Financial Statements. Six month period ended July 4, 2026 compared to the six month period ended June 28, 2025: Six Months Ended Variance (dollar amounts in millions) July 4, 2026 June 28, 2025 $ % Net cash provided by operating activities $ 60.6 $ 99.7 (39.1) (39.2) % Net cash used in investing activities (104.4) (13.2) (91.2) NM Net cash used in financing activities (23.4) (62.8) 39.4 (62.7) % Effect of foreign currency rate changes on cash (0.2) 0.6 (0.8) (133.3) % Net (decrease) increase in cash $ (67.4) $ 24.3 $ (91.7) (377.4) % 45 Net cash provided by operating activities Net cash provided by operating activities decreased by $39.1, or 39.2%, to $60.6 for the six month period ended July 4, 2026, compared to $99.7 for the six month period ended June 28, 2025. This was primarily driven by a $25.4 reduction in net cash activity from net working capital requirements, as well as a $13.4 decrease in net income adjusted for non-cash items. Net cash used in investing activities Net cash used in investing activities increased by $91.2 for the six month period ended July 4, 2026, compared to the six month period ended June 28, 2025. This increase was primarily due to the Kiwi II Acquisition, which resulted in $98.8 of cash outflows during the six month period ended July 4, 2026. Net cash used in financing activities Net cash used in financing activities decreased by $39.4 or 62.7% for the six month period ended July 4, 2026, compared to the six month period ended June 28, 2025. This was driven by a $40.0 early debt repayment during the six month period ended June 28, 2025, which did not recur in the current period. This was offset by an increase in share repurchases of $17.4 as compared to $15.0 in the prior six month period. Capital allocation strategy We continually assess our capital allocation strategy, including decisions relating to M&A, dividends, stock repurchases, capital expenditures, and debt pay-downs. The timing, declaration, and payment of future dividends, if any, falls within the discretion of our Board of Directors and will depend upon many factors, including, but not limited to, our financial condition and earnings, the capital requirements of the business, restrictions imposed by applicable law, and any other factors our Board of Directors deems relevant from time to time. 46 Non-GAAP Financial Measures 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. 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 We use Adjusted EBITDA, a non-GAAP financial measure, to evaluate our operating performance, generate future operating plans, and make strategic decisions, including those relating to operating expenses and the allocation of internal resources. EBITDA is earnings before interest, taxes, depreciation, and amortization (“EBITDA”). We present Adjusted EBITDA which is a non-GAAP financial performance measure, which excludes from reported GAAP results, the impact of items consisting of restructuring, acquisition related activities, impairment and loss on extinguishment and modification of debt, and other non-recurring charges. We believe such items are not indicative of normal, ongoing operations, and their inclusion in results makes for more difficult comparisons between years and with peer group companies. Accordingly, we believe these measures provide useful information to investors and others in understanding and evaluating our operating results in the same manner as our management and board of directors. In addition, they provide useful measures for period-to-period comparisons of our business, as they remove the effect of certain non-cash items and certain variable 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 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 Adjusted EBITDA rather than net income, which is the nearest GAAP equivalent of Adjusted EBITDA. 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 which are outside of our normal operations (e.g., the extinguishment of debt); and •may not be comparable to similar non-GAAP financial measures used by other companies, because the expenses and other acquisition related and other non-recurring items that Janus excludes in the calculation of these non-GAAP financial measures may differ from the expenses and acquisition related and other non-recurring 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. The following tables present a reconciliation of net income to Adjusted EBITDA for the periods indicated: Three Months Ended Variance (dollar amounts in millions) July 4, 2026 Margin(1) June 28, 2025 Margin(1) $ % Net Income $ 10.7 4.6 % $ 20.7 9.1 % $ (10.0) (48.3) % Interest, net 7.4 9.1 (1.7) (18.7) % Income taxes 2.4 6.4 (4.0) (62.5) % Depreciation 3.6 3.0 0.6 20.0 % Amortization 12.0 8.2 3.8 46.3 % EBITDA* $ 36.1 15.5 % $ 47.4 20.8 % $ (11.3) (23.8) % Restructuring charges(2) 1.6 0.8 0.8 100.0 % Acquisition expense(3) 2.1 0.8 1.3 162.5 % Other 0.4 — 0.4 — % Adjusted EBITDA* $ 40.2 17.2 % $ 49.0 21.5 % $ (8.8) (18.0) % 47 Six Months Ended Variance (dollar amounts in millions) July 4, 2026 Margin(1) June 28, 2025 Margin(1) $ % Net Income $ 10.9 2.4 % $ 31.5 7.2 % $ (20.6) (65.4) % Interest, net 15.5 19.3 (3.8) (19.7) % Income taxes 4.7 11.0 (6.3) (57.3) % Depreciation 7.2 5.9 1.3 22.0 % Amortization 24.0 16.5 7.5 45.5 % EBITDA* $ 62.3 13.7 % $ 84.2 19.2 % $ (21.9) (26.0) % Restructuring charges(2) 4.2 1.2 3.0 250.0 % Acquisition expense(3) 4.2 1.7 2.5 147.1 % Loss on extinguishment and modification of debt(4) 2.1 — 2.1 — % Other 0.4 0.3 0.1 33.3 % Adjusted EBITDA* $ 73.2 16.0 % $ 87.4 19.9 % $ (14.2) (16.2) % (1)Net Income Margin, EBITDA Margin, and Adjusted EBITDA Margin are defined as Net Income divided by revenue, EBITDA divided by total revenue, and Adjusted EBITDA divided by total revenue, respectively. (2)Restructuring charges consist of the following: 1) facility relocations, 2) severance and hiring costs associated with our strategic transformation, including leadership team changes, and 3) strategic business assessment and transformation projects. (3)Expenses related to various professional fees, acquisition related compensation, and various acquisition related activities. (4)Adjustment for loss on extinguishment and modification of debt regarding the write off of unamortized fees and third-party fees as a result of the debt modification completed in February 2026. *We use measures of performance that are not required by or presented in accordance with GAAP in the United States. Non-GAAP financial performance measures are used to supplement the financial information presented on a GAAP basis. These non-GAAP financial measures should not be considered in isolation or as a substitute for the relevant GAAP measures and should be read in conjunction with information presented on a GAAP basis. Credit Ratings Costs of borrowing and our respective ability to access the capital markets are affected not only by market conditions but also by the short-term and long-term credit ratings assigned to our respective debt by the major credit rating agencies. In determining our credit ratings, the rating agencies consider a number of quantitative factors, including but not limited to, debt to total capitalization, operating cash flow relative to outstanding debt, and operating cash flow coverage of interest. In addition, the rating agencies consider qualitative factors such as consistency of our earnings over time and the quality of our management and business strategy. Our debt is rated by two rating agencies: Standard & Poor’s Corporation (S&P) and Moody’s Investors Service (Moody’s). As of July 4, 2026, our outlook and current debt ratings are as follows: S&P Moody’s Corporate BB- Ba3 Senior secured long-term debt(1) BB Ba3 Outlook Stable Stable (1)A credit rating is not a recommendation to buy, sell or hold securities. Our credit ratings may be revised or withdrawn at any time by the rating agencies, and each rating should be evaluated independently of any other rating. There can be no assurance that a rating will remain in effect for any given period of time or that a rating will not be lowered, or withdrawn entirely, by a rating agency if, in its judgment, circumstances so warrant. Contractual Obligations Summarized below are our contractual obligations as of July 4, 2026 and their expected impact on our liquidity and cash flows in future periods: (dollar amounts in millions) Total 2026 2027-2028 2029-2030 Thereafter Debt obligations $ 549.6 $ 2.8 $ 11.0 $ 535.8 $ — Finance lease obligations 1.2 0.3 0.8 0.1 — Unconditional purchase obligations 5.2 2.7 1.8 0.6 0.1 Operating lease obligations 77.4 4.1 14.8 12.2 46.3 Total $ 633.4 $ 9.9 $ 28.4 $ 548.7 $ 46.4 48 Debt obligations are presented for the principal balance and include the First Lien Term Loan payments. The First Lien Term Loan has a maturity date of August 3, 2030. (See Note 10, Long-Term Debt, to our Unaudited Condensed Consolidated Financial Statements in this Form 10-Q for a further discussion). Finance lease obligations include future payments related to finance leases. Operating lease obligations consist of future payments related to operating lease liabilities for real and personal property leases with various lease expiration dates. The amount included in the “Thereafter” column is primarily comprised of twelve real property leases with expiration dates ranging from 2031–2044. Finance and operating lease obligations are presented net of imputed interest. (See Note 5, Leases, to our Unaudited Condensed Consolidated Financial Statements in this Form 10-Q for a further discussion of future lease payments). Unconditional purchase obligations consist of supply contracts that relate to fixed price arrangements as well as multi-year software contracts. As we continue to analyze the impact of previously announced and threatened tariffs as well as potential mitigation strategies, we may look to renegotiate certain fixed pricing arrangements or enter into more favorable fixed pricing arrangements to offset fluctuations in prices for raw materials. The table above does not include $3.7 in estimated warranty liabilities because it is not certain when or if these liabilities will be funded. In addition to the contractual obligations and commitments listed and described above, we also had another commitment for which we are contingently liable as of July 4, 2026 and January 3, 2026 consisting of an outstanding letter of credit of $0.4. Other Matters Tariffs and Trade Restrictions Some of our products may be impacted by recent tariff announcements and restrictions on trade. While we cannot predict the impact of potential new tariffs on global trade and economic growth, our regional presence, strong customer relationships, and strategic approach to supplying raw materials for our operations position us well to manage through these challenges. We actively monitor the regulatory environment and continue to make adjustments whenever necessary. Most of our steel strategically comes from domestic suppliers. We plan to continue to invest in our key strategic growth objectives while closely managing our cost structure and seeking alternative sources of supply to further reduce the impact of tariffs as appropriate. Critical Accounting Estimates For the critical accounting estimates used in preparing our Unaudited Condensed Consolidated Financial Statements, we make assumptions, judgments and estimates that can have a significant impact on our revenue, results from operations and net income, as well as on the value of certain assets and liabilities on our consolidated balance sheets. We base our assumptions, judgments and estimates on historical experience and various other factors that we believe to be reasonable under the circumstances. Actual results could differ materially from these estimates under different assumptions or conditions. Our critical accounting estimates requiring significant judgment that could materially impact the results of operations, financial position and cash flows are described in Management’s Discussion and Analysis of Financial Condition and Results of Operations included in our Annual Report on Form 10-K for the year ended January 3, 2026. Recently Issued Accounting Standards See Note 2 to our Unaudited Condensed Consolidated Financial Statements in this Form 10-Q for a discussion of recently issued accounting pronouncements.