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Janus International Group, Inc. announced restructuring initiatives in 2026 to improve profitability, including…
JBIJanus International Group, Inc.
Janus International Group, Inc. announced restructuring initiatives in 2026 to improve profitability, including consolidating ASTA operations into Janus Core in Houston, reducing workforce at multiple sites, converting an Indiana plant to a distribution center, exiting a Nokē facility early, and relocating Kiwi II operations. These measures are expected to generate $10.8 million in annualized pre-tax cost savings but will incur approximately $5.6 million in non-recurring charges, primarily for severance and lease obligations, with implementation substantially complete by the end of fiscal 2027. Additionally, the company granted special one-time restricted stock unit awards valued at $750,000 each to CFO Anselm Wong and Executive Vice Presidents Morgan Hodges and Vic Nettie to incentivize retention and align interests with shareholders; these awards vest over three years contingent on continued employment. Janus International Group operates in the industrial storage and racking industry.