Janus International Group, Inc.

For information regarding factors that could affect our results of operations, financial condition, and liquidity, see the risk factors discussed in Part I, Item 1A “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended January 3, 2026.

Except for the risk factor below, there have been no material changes to the risk factors disclosed in our Annual Report on Form 10-K for the fiscal year ended January 3, 2026. We may disclose changes to such factors or disclose additional factors from time to time in our future filings with the SEC.

We have incurred, and could incur, asset impairment charges for goodwill, intangible assets, or other long-lived assets.

We have a significant amount of goodwill, intangible assets, and other long-lived assets. We test goodwill and indefinite lived intangibles for impairment on an annual basis and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value. Long-lived assets, identifiable intangible assets, and goodwill are also reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable from future cash flows. These events or circumstances could include a significant change in the business climate, general economic conditions, future acquisitions, legal factors, operating performance indicators, potential performance below expectations, competition, sale or disposition of a significant portion of the business, or other factors. If the carrying value of a long-lived asset is considered impaired, an impairment charge is recorded for the amount by which the carrying value of the long-lived asset exceeds its fair value. Our determination of future cash flows, future recoverability, and fair value of our long-lived assets as well as the reporting unit fair value used in our goodwill analysis include significant estimates and assumptions. Changes in those estimates or assumptions or lower than anticipated future financial performance have resulted in, and may in the future result in, the identification of an impaired asset and a noncash impairment charge, which could be material.

For example, we recognized goodwill impairment charges of $5.0 to our BETCO reporting unit and $7.4 to our Kiwi II reporting unit during the three and nine month periods ended October 3, 2026. Following the impairment, the carrying value of goodwill associated with our BETCO and Kiwi II reporting units were $17.7 and $37.0, respectively. We also determined that our DBCI and ACT tradename indefinite-lived intangible asset fair values were determined to be less than their respective carrying values. As such, we recognized impairment charges of $5.9 on our DBCI and ACT tradenames. Following the impairment, the carrying value of our DBCI tradename was $4.1 and our ACT tradename had a carrying value of zero. See Note 7 to our Unaudited Condensed Consolidated Financial Statements in this Form 10-Q and Note 7 to the financial statements contained in our Annual Report on Form 10-K for the fiscal year ended January 3, 2026 for further discussion. We may in the future identify additional impairment charges and any such charges could adversely affect our business, financial condition, and results of operations.