Financial Performance - Q2 2025 - Total revenue was $228.1 million[19], a decrease of 8.2%[21] - Adjusted EBITDA was $49.0 million[19], a decrease of 24.0%[21], representing a 21.5% margin[21] - Net income was $20.7 million, compared to $27.6 million in Q2 2024[19] - Adjusted diluted EPS was $0.20[21] - Free cash flow was $44.6 million[19] Financial Performance - Year-to-Date 2025 - Total revenue was $438.6 million[26], a decrease of 12.8%[26] - Adjusted EBITDA was $87.4 million[26], a decrease of 33.2%[26], representing a 19.9% margin[26] - Adjusted diluted EPS was $0.33[26] - Free cash flow was $86.5 million[26] Revenue Breakdown - Self-Storage accounted for 64.4% of revenue[18] - New Construction revenue was $93.9 million, down 15.2% year-over-year[33] - Restore, Rebuild & Replace ("R3") revenue was $52.9 million, down 14.0% year-over-year[33] - Commercial & Other revenue was $81.3 million, up 6.7% year-over-year, with organic growth of 1.7%[33] - International revenue was $28.4 million, up 57.8% year-over-year[19] Capital Allocation - The company repurchased 1.2 million shares of common stock for $10.1 million[19] - The Board of Directors approved a $75.0 million expansion of the existing share repurchase authorization[19] 2025 Guidance - Revenue is estimated to be between $860 million and $890 million[48] - Adjusted EBITDA is estimated to be between $175 million and $195 million[48]

FIRST QUARTER 2025 EARNINGS PRESENTATION May 8, 2025 JanusIntl.com 1 Adjusted EBITDA, 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 meas ...