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Business Segment Data | 6 Months Ended
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Aug. 30, 2025
Segment Reporting [Abstract] |
Business Segment Data | Business Segment Data We have four operating segments which are also reportable segments. Each of our four segments has distinct economic characteristics, including products and services provided, production processes and varying ranges in performance and results: •The Architectural Metals Segment designs, engineers, fabricates and finishes aluminum window, curtainwall, storefront and entrance systems used primarily in non-residential construction. •The Architectural Services Segment integrates technical services, project management, and field installation services to design, engineer, fabricate, and install architectural curtainwall and other façade-related systems primarily in non-residential construction. •The Architectural Glass Segment cuts, treats, coats and fabricates high-performance glass used in custom window and wall systems primarily for non-residential buildings. •The Performance Surfaces Segment develops and manufactures high-performance coated materials for a variety of applications, including wall decor, museums, graphic design, digital displays, architectural interiors, and industrial flooring. The Company’s CEO is the chief operating decision maker (CODM). The CODM utilizes net sales and adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) to assess segment performance and make decisions about the allocation of operating and capital resources by analyzing recent results, trends, and variances of each segment in relation to forecasts and historical performance. Net sales, adjusted cost of sales, adjusted SG&A, adjusted other income (expense), depreciation and amortization and the resulting adjusted EBITDA for each of the Company’s four reportable segments are presented below. Segment net sales is defined as net sales for a certain segment and includes revenue related to intersegment transactions. We report net sales intersegment eliminations separately to exclude these sales from our consolidated total. Segment adjusted EBITDA includes intersegment sales transactions and excludes certain corporate costs that are not allocated at a segment level. We report these unallocated corporate costs in Corporate and Other.
|  | Three Months Ended August 30, 2025
(In thousands) |  | Architectural Metals |  | Architectural Services |  | Architectural Glass |  | Performance Surfaces |  |  |  | Total
Net sales |  | $ | 140,922 |  |  | $ | 100,490 |  |  | $ | 68,392 |  |  | $ | 48,390 |  |  |  |  | $ | 358,194 |
Intersegment net sales |  | 13 |  |  | — |  |  | 3,789 |  |  | — |  |  |  |  | 3,802 |
Total segment net sales |  | 140,935 |  |  | 100,490 |  |  | 72,181 |  |  | 48,390 |  |  |  |  | 361,996 |
Adjusted cost of sales (1) |  | (100,178) |  |  | (85,968) |  |  | (53,213) |  |  | (31,941) |  |  |  |  | (271,300) |
Adjusted SG&A (2) |  | (23,681) |  |  | (10,417) |  |  | (10,636) |  |  | (9,017) |  |  |  |  | (53,751) |
Adjusted other expense, net (3) |  | — |  |  | — |  |  | (8) |  |  | — |  |  |  |  | (8) |
Depreciation and amortization |  | 3,752 |  |  | 911 |  |  | 3,323 |  |  | 3,789 |  |  |  |  | 11,775 |
Adjusted EBITDA |  | $ | 20,828 |  |  | $ | 5,016 |  |  | $ | 11,647 |  |  | $ | 11,221 |  |  |  |  | $ | 48,712 |
|  | Three Months Ended August 31, 2024
(In thousands) |  | Architectural Metals |  | Architectural Services |  | Architectural Glass |  | Performance Surfaces |  |  |  | Total
Net sales |  | $ | 141,340 |  |  | $ | 98,018 |  |  | $ | 83,250 |  |  | $ | 19,832 |  |  |  |  | $ | 342,440 |
Intersegment net sales |  | 10 |  |  | — |  |  | 6,851 |  |  | — |  |  |  |  | 6,861 |
Total segment net sales |  | 141,350 |  |  | 98,018 |  |  | 90,101 |  |  | 19,832 |  |  |  |  | 349,301 |
Adjusted cost of sales (1) |  | (98,898) |  |  | (80,366) |  |  | (58,739) |  |  | (12,350) |  |  |  |  | (250,353) |
Adjusted SG&A (2) |  | (24,396) |  |  | (11,263) |  |  | (10,296) |  |  | (3,687) |  |  |  |  | (49,642) |
Adjusted other expense, net (3) |  | — |  |  | — |  |  | (7) |  |  | — |  |  |  |  | (7) |
Depreciation and amortization |  | 4,172 |  |  | 955 |  |  | 3,080 |  |  | 790 |  |  |  |  | 8,997 |
Adjusted EBITDA |  | $ | 22,229 |  |  | $ | 7,344 |  |  | $ | 24,140 |  |  | $ | 4,584 |  |  |  |  | $ | 58,297 |
|  | Six Months Ended August 30, 2025
(In thousands) |  | Architectural Metals |  | Architectural Services |  | Architectural Glass |  | Performance Surfaces |  |  |  | Total
Net sales |  | $ | 269,519 |  |  | $ | 206,995 |  |  | $ | 137,662 |  |  | $ | 90,640 |  |  |  |  | $ | 704,816 |
Intersegment net sales |  | 40 |  |  | — |  |  | 7,792 |  |  | — |  |  |  |  | 7,832 |
Total segment net sales |  | 269,559 |  |  | 206,995 |  |  | 145,454 |  |  | 90,640 |  |  |  |  | 712,648 |
Adjusted cost of sales (1) |  | (197,782) |  |  | (176,630) |  |  | (104,973) |  |  | (60,157) |  |  |  |  | (539,542) |
Adjusted SG&A (2) |  | (49,148) |  |  | (21,264) |  |  | (21,944) |  |  | (18,642) |  |  |  |  | (110,998) |
Adjusted other expense, net (3) |  | — |  |  | — |  |  | (66) |  |  | — |  |  |  |  | (66) |
Depreciation and amortization |  | 7,566 |  |  | 1,983 |  |  | 6,593 |  |  | 7,338 |  |  |  |  | 23,480 |
Adjusted EBITDA |  | $ | 30,195 |  |  | $ | 11,084 |  |  | $ | 25,064 |  |  | $ | 19,179 |  |  |  |  | $ | 85,522 |
|  | Six Months Ended August 31, 2024
(In thousands) |  | Architectural Metals |  | Architectural Services |  | Architectural Glass |  | Performance Surfaces |  |  |  | Total
Net sales |  | $ | 274,449 |  |  | $ | 197,045 |  |  | $ | 161,426 |  |  | $ | 41,036 |  |  |  |  | $ | 673,956 |
Intersegment net sales |  | 73 |  |  | — |  |  | 15,378 |  |  | — |  |  |  |  | 15,451 |
Total segment net sales |  | 274,522 |  |  | 197,045 |  |  | 176,804 |  |  | 41,036 |  |  |  |  | 689,407 |
Adjusted cost of sales (1) |  | (187,448) |  |  | (162,218) |  |  | (117,024) |  |  | (24,836) |  |  |  |  | (491,526) |
Adjusted SG&A (2) |  | (49,683) |  |  | (22,815) |  |  | (21,620) |  |  | (7,561) |  |  |  |  | (101,679) |
Adjusted other income, net (3) |  | — |  |  | — |  |  | 123 |  |  | — |  |  |  |  | 123 |
Depreciation and amortization |  | 8,679 |  |  | 1,905 |  |  | 6,089 |  |  | 1,586 |  |  |  |  | 18,259 |
Adjusted EBITDA |  | $ | 46,070 |  |  | $ | 13,917 |  |  | $ | 44,371 |  |  | $ | 10,225 |  |  |  |  | $ | 114,583 |
(1) | Adjusted cost of sales excludes $0.3 million and $3.0 million of adjustments related to acquisition and restructuring expense, respectively, for the three months ended August 30, 2025, and excludes $0.4 million and $9.9 million of adjustments related to acquisition and restructuring expense, respectively, for the six months ended August 30, 2025. Adjusted cost of sales excludes $0.9 million and $1.4 million of adjustments related restructuring expense for the three and six months ended August 31, 2024, respectively. These adjustments are described in greater detail in the reconciliation below.
(2) | Adjusted SG&A expense excludes $0.9 million and $0.1 million of adjustments related to acquisition and restructuring expense, respectively, for the three months ended August 30, 2025, and excludes $1.1 million and $5.9 million of adjustments related to acquisition and restructuring expense, respectively, for the six months ended August 30, 2025. Adjusted SG&A expense excludes $0.3 million and $0.7 million of adjustments related restructuring expense for the three and six months ended August 31, 2024, respectively These adjustments are described in greater detail in the reconciliation below.
(3) | Adjusted other income, net excludes $4.6 million of NMTC gain recognized for the three and six months ended August 30, 2025.
The following table presents the reconciliation of adjusted EBITDA to net earnings, the nearest measurement under U.S. GAAP:
|  | Three Months Ended |  | Six Months Ended |  |
(In thousands) |  | August 30, 2025 |  | August 31, 2024 |  | August 30, 2025 |  | August 31, 2024 |  |
Segment Adjusted EBITDA |  | $ | 48,712 |  |  | $ | 58,297 |  |  | $ | 85,522 |  |  | $ | 114,583 |  |  |
Corporate and Other Expenses |  | (4,474) |  |  | (5,175) |  |  | (9,603) |  |  | (8,839) |  |  |
Segment acquisition-related costs (1) |  | (1,187) |  |  | — |  |  | (1,464) |  |  | — |  |  |
Segment restructuring costs (2) |  | (3,113) |  |  | (1,179) |  |  | (15,832) |  |  | (2,301) |  |  |
Depreciation and amortization |  | (12,507) |  |  | (9,688) |  |  | (24,943) |  |  | (19,664) |  |  |
Other income (3) |  | 4,597 |  |  | — |  |  | 4,597 |  |  | — |  |  |
Interest expense, net |  | (4,075) |  |  | (1,140) |  |  | (7,921) |  |  | (1,590) |  |  |
Income tax expense |  | (4,304) |  |  | (10,549) |  |  | (9,394) |  |  | (20,612) |  |  |
Net earnings |  | $ | 23,649 |  |  | $ | 30,566 |  |  | $ | 20,962 |  |  | $ | 61,577 |  |  |
(1) | Acquisition-related costs include costs related to one-time expenses incurred to integrate the UW Solutions acquisition.
(2) | Segment restructuring charges related to Project Fortify.
(3) | Other income, net includes $4.6 million of NMTC gain recognized for the three and six months ended August 30, 2025.

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