Canadian interior manufacturing company establishes co-headquarters in Legacy West
A Canadian company that manufactures products for adaptable workspaces is establishing a headquarters in Plano’s Legacy West.
DIRTT Environmental Solutions said the new office will serve as a “living laboratory” design center for architects, designers and contractors who will use the company’s proprietary technology. DIRTT stands for Doing It Right This Time.
The company, which started in Calgary, Alberta in 2003, works to build sustainable projects with software that reduces the challenges created by traditional construction. It also manufactures prefabricated products for use in commercial spaces.
DIRTT will retain its current head office in Calgary and share business operations between the two locations. The company has more than 900 employees.
“As the Dallas-Fort Worth area continues to experience an increase in high profile corporate relocations and unprecedented overall economic growth, we see a strategic opportunity to join the vibrant North Texas business community.” , said Jennifer Warawa, Chief Commercial Officer of DIRTT. , in a report.
Warawa, who lives in North Texas, said DIRTT helps companies make post-pandemic changes to their workspaces.
“As employees return to the office, companies and business owners are realizing that the type of office they had two years ago is not what will work post-pandemic, especially with the changing expectations around hybrid working arrangements,” she said.
DIRTT has held an eight-year lease in North Texas since March 2020 for 18,000 square feet of space, according to a regulatory file. The company’s revenue totaled $147 million last year, down considerably from the $247.7 million recorded in 2019 before the pandemic.
On Thursday, the company announced more upbeat results, with a forecast that its revenue for fiscal 2022 would be between $175 million and $185 million.
“We believe the decisive and strategic actions we have taken over the past few months are beginning to generate significant momentum towards a return to sustainable revenue growth,” interim CEO Todd Lillibridge said in a statement. “Our new market strategies and company-wide optimization initiatives are working.”
Under pressure from an activist investor, DIRTT reorganizes its business.
In the past two months, its board has replaced its CEO, cut spending by 14%, revised prices, reconfigured its manufacturing footprint and reduced its salaried workforce by 18%, according to a letter sent to shareholders.
In addition to the Plano office, DIRTT operates customer experience centers in Calgary, Toronto, Chicago, New York, Savannah, Georgia and Salt Lake City. Its US manufacturing operations are in Savannah and Rock Hill, SC