Jason Group, the Milwaukee-based manufacturer of seating solutions and metal finishing products, which just eighteen months ago emerged from bankruptcy, has rebounded in a major way.  According to Brian Cassady, Jason’s CEO, Jason’s 2021 sales increased almost 20% and profit improved sharply with the elimination of restructuring and public company costs that had previously burdened the P&L.

“The results are gratifying,” stated Cassady. “While our 2020 results were somewhat impacted by COVID, we achieved much stronger performance in 2021 against a backdrop of lingering COVID impacts and severe supply chain interruptions. The performance is a testament to the reputation of our brands, technical expertise and the strength and perseverance of our team.”

The strong financial performance allowed Jason to re-invest in its businesses. For 2021 Jason spent over $6 million on capital expenditures to upgrade its production equipment and invested over $20 million in additional inventory to better serve our customers.

“The increased inventory especially positions us well for 2022,” commented Kevin Burke, Jason’s CFO.  

“Jason entered 2021 on the heels of a major financial restructuring which had depleted our inventories just as global supply chain issues materialized. This created quite an operational scramble for us throughout 2021. Fortunately, a strong balance sheet coming out of the restructuring combined with the 2021 performance facilitated re-investment. We exited the year much better prepared to service our customers’ 2022 peak demand periods.”

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