Janus International (JBI)2025-02-26 22:18Financial Exposure and Risk Management - Steel coils account for approximately 55% to 60% of the company's raw material spend, indicating significant exposure to price volatility[349] - The company has not entered into hedges for raw material costs but may consider doing so in the future to manage price fluctuations[349] - The company maintains a dual sourcing strategy for steel coil purchases to mitigate supply chain risks[349] - The company is subject to foreign currency exchange risk due to operations in countries like the United Kingdom, Australia, and Poland[347] - Inflationary factors may adversely affect operating results if the company is unsuccessful in passing cost increases to customers[356] Financing and Debt Management - The company refinanced its First Lien Term Loan of 125.0 million revolving credit facility with an interest rate of 5.9% as of December 28, 2024[351] - A hypothetical 100 basis points increase or decrease in the SOFR rate would result in an approximate $6.0 million change in annual interest expense for the First Lien Term Loan[352] Workforce and Employee Development - As of December 28, 2024, the company employed 1,883 full-time and part-time employees, with 58% engaged in manufacturing and production roles[62][63] - The company is committed to developing its talent through programs like Janus University, focusing on long-term employee development[71] Safety and Operational Performance - The company has established safety targets and tracks OSHA recordable injuries and lost time rates monthly to enhance workplace safety[65][66] Customer Concentration - One customer accounted for 11% of the accounts receivable balance as of December 30, 2023[355]