10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended August 29, 2026

☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from             to             

Commission File Number: 0-6365

_________________________________ 

APOGEE ENTERPRISES, INC.

(Exact name of registrant as specified in its charter)

 _________________________________

Minnesota			41-0919654
(State or other jurisdiction of incorporation or organization)			(I.R.S. Employer Identification No.)
4400 West 78th Street, Suite 520	Minneapolis	Minnesota	55435
(Address of principal executive offices)			(Zip Code)

Registrant’s telephone number, including area code: (952) 835-1874

Not Applicable

(Former name, former address and former fiscal year, if changed since last report)

_________________________________ 

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common stock, par value $0.33 1/3 per share	APOG	The Nasdaq Stock Market

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    x  Yes    o  No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).     x  Yes    o  No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer”, “accelerated filer”, “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	x	Accelerated filer	☐
Non-accelerated filer	☐	Smaller reporting company	☐
Emerging growth company	☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.			☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    ☐  Yes    x  No

As of October 2, 2026, 20,895,599 shares of the registrant’s common stock, par value $0.33 1/3 per share, were outstanding.

APOGEE ENTERPRISES, INC. AND SUBSIDIARIES

		Page
PART I	Financial Information
Item 1.	Financial Statements (Unaudited):
	Consolidated Balance Sheets	3
	Consolidated Results of Operations	4
	Consolidated Statements of Comprehensive Earnings	5
	Consolidated Statements of Cash Flows	6
	Consolidated Statements of Shareholders' Equity	7
	Notes to Consolidated Financial Statements	8
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	20
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	28
Item 4.	Controls and Procedures	28
PART II	Other Information
Item 1.	Legal Proceedings	29
Item 1A.	Risk Factors	29
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	29
Item 5.	Other Information	29
Item 6.	Exhibits	30
Signatures		31

2

PART I. FINANCIAL INFORMATION

Item 1.Financial Statements

CONSOLIDATED BALANCE SHEETS

	(Unaudited)
(In thousands, except stock data)	August 29, 2026		February 28, 2026
Assets
Current assets
Cash and cash equivalents	$	36,529	$	39,523
Receivables, net	206,327		198,516
Inventories, net	116,760		98,059
Contract assets	68,806		59,512
Other current assets	43,888		43,823
Total current assets	472,310		439,433
Property, plant and equipment, net	277,349		255,032
Operating lease right-of-use assets	42,534		48,736
Goodwill	255,499		236,744
Intangible assets, net	154,383		111,261
Other non-current assets	42,029		31,139
Total assets	$	1,244,104	$	1,122,345
Liabilities and Shareholders’ Equity
Current liabilities
Accounts payable	$	89,423	$	105,478
Accrued compensation and benefits	45,506		39,667
Contract liabilities	59,343		60,903
Operating lease liabilities	14,618		14,729
Other current liabilities	55,749		46,079
Total current liabilities	264,639		266,856
Long-term debt	335,545		232,279
Non-current operating lease liabilities	32,351		39,375
Non-current self-insurance reserves	26,866		24,914
Other non-current liabilities	61,369		47,127
Commitments and contingent liabilities (Note 6)
Shareholders’ equity
Common stock of $0.33-1/3 par value; authorized 50,000,000 shares; issued and outstanding 20,893,469 and 21,220,350, respectively	6,964		7,073
Additional paid-in capital	160,039		159,085
Retained earnings	386,047		376,438
Accumulated other comprehensive loss	(29,716)		(30,802)
Total shareholders’ equity	523,334		511,794
Total liabilities and shareholders’ equity	$	1,244,104	$	1,122,345

See accompanying notes to consolidated financial statements.

3

CONSOLIDATED RESULTS OF OPERATIONS

(Unaudited)

	Three Months Ended				Six Months Ended
(In thousands, except per share data)	August 29, 2026		August 30, 2025		August 29, 2026		August 30, 2025
Net sales	$	391,135	$	358,194	$	733,820	$	704,816
Cost of sales	294,970		275,587		562,624		547,084
Gross profit	96,165		82,607		171,196		157,732
Selling, general and administrative expenses	62,679		55,719		118,870		123,913
Operating income	33,486		26,888		52,326		33,819
Interest expense, net	3,554		4,075		6,388		7,921
Other income, net	485		5,140		412		4,458
Earnings before income taxes	30,417		27,953		46,350		30,356
Income tax expense	8,037		4,304		12,433		9,394
Net earnings	$	22,380	$	23,649	$	33,917	$	20,962
Basic earnings per share	$	1.08	$	1.10	$	1.62	$	0.98
Diluted earnings per share	$	1.07	$	1.10	$	1.61	$	0.97
Weighted average basic shares outstanding	20,722		21,408		20,884		21,373
Weighted average diluted shares outstanding	20,901		21,590		21,014		21,562

See accompanying notes to consolidated financial statements.

4

CONSOLIDATED STATEMENTS OF COMPREHENSIVE EARNINGS

(Unaudited)

	Three Months Ended				Six Months Ended
(In thousands)	August 29, 2026		August 30, 2025		August 29, 2026		August 30, 2025
Net earnings	$	22,380	$	23,649	$	33,917	$	20,962
Other comprehensive earnings:
Unrealized (loss) gain on marketable securities, net of $(24), (2), (53) and $8 of tax (benefit) expense, respectively	(91)		(7)		(199)		28
Unrealized (loss) gain on derivative instruments, net of $(483), (144), 357 and $(176) of tax (benefit) expense, respectively	(1,441)		(388)		1,021		(482)
Foreign currency translation adjustments	(36)		479		264		3,146
Other comprehensive (loss) earnings	(1,568)		84		1,086		2,692
Total comprehensive earnings	$	20,812	$	23,733	$	35,003	$	23,654

See accompanying notes to consolidated financial statements.

5

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

	Six Months Ended
(In thousands)	August 29, 2026		August 30, 2025
Operating Activities
Net earnings	$	33,917	$	20,962
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:
Depreciation and amortization	26,569		24,943
Share-based compensation	4,927		2,773
Deferred income taxes	3,494		17,214
Impairment of long-lived assets	—		7,418
Settlement of New Markets Tax Credit transaction	—		(4,597)
Non-cash lease expense	6,064		5,474
Other, net	4,137		4,129
Changes in operating assets and liabilities:
Receivables	4,666		(9,204)
Inventories	(9,931)		(9,735)
Contract assets	(9,379)		10,518
Accounts payable	(15,576)		(2,575)
Accrued compensation and benefits	2,971		(9,681)
Contract liabilities	(1,621)		15,734
Operating lease liability	(6,952)		(4,608)
Accrued income taxes	2,426		(11,008)
Other current assets and liabilities	(2,453)		(20,477)
Net cash provided by operating activities	43,259		37,280
Investing Activities
Capital expenditures	(17,796)		(11,827)
Purchases of marketable securities	(7,418)		(200)
Acquisition of business, net of cash acquired	(99,574)		—
Other, net	2,957		1,144
Net cash used in investing activities	(121,831)		(10,883)
Financing Activities
Proceeds from revolving credit facilities	161,000		76,000
Repayment on revolving credit facilities	(54,867)		(91,000)
Repayment of term loans	(2,867)		—
Repurchase of common stock	(16,099)		—
Dividends paid	(11,175)		(11,043)
Other, net	(1,117)		(3,087)
Net cash provided by (used in) financing activities	74,875		(29,130)
Effect of exchange rates on cash	702		811
Decrease in cash and cash equivalents	(2,994)		(1,922)
Cash and cash equivalents at beginning of period	39,523		41,448
Cash and cash equivalents at end of period	$	36,529	$	39,526
Non-cash Activity
Capital expenditures in accounts payable	$	1,348	$	2,202

See accompanying notes to consolidated financial statements.

6

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY

(Unaudited)

(In thousands)	Common Shares Outstanding	Common Stock at Par Value		Additional Paid-In Capital		Retained Earnings		Accumulated Other Comprehensive (Loss) Income		Total Shareholders' Equity
Balance at February 28, 2026	21,220	$	7,073	$	159,085	$	376,438	$	(30,802)	$	511,794
Net earnings	—	—		—		11,535		—		11,535
Other comprehensive income, net of tax	—	—		—		—		2,654		2,654
Issuance of stock, net of cancellations	123	41		(109)		—		—		(68)
Share-based compensation	—	—		2,309		—		—		2,309
Share repurchases	(259)	(86)		(2,069)		(7,499)		—		(9,654)
Other share retirements	(22)	(7)		(173)		(741)		—		(921)
Cash dividends, $0.27 per share	—	—		—		(5,630)		—		(5,630)
Balance at May 30, 2026	21,062	$	7,021	$	159,043	$	374,103	$	(28,148)	$	512,019
Net earnings	—	—		—		22,380		—		22,380
Other comprehensive loss, net of tax	—	—		—		—		(1,568)		(1,568)
Issuance of stock, net of cancellations	1	—		(91)		—		—		(91)
Share-based compensation	—	—		2,618		—		—		2,618
Share repurchases	(169)	(57)		(1,526)		(4,862)		—		(6,445)
Other share retirements	(1)	—		(5)		(29)		—		(34)
Cash dividends, $0.27 per share	—	—		—		(5,545)		—		(5,545)
Balance at August 29, 2026	20,893	$	6,964	$	160,039	$	386,047	$	(29,716)	$	523,334

(In thousands)	Common Shares Outstanding	Common Stock at Par Value		Additional Paid-In Capital		Retained Earnings		Accumulated Other Comprehensive (Loss) Income		Total Shareholders' Equity
Balance at March 1, 2025	21,418	$	7,139	$	156,075	$	359,976	$	(35,292)	$	487,898
Net loss	—	—		—		(2,688)		—		(2,688)
Other comprehensive income, net of tax	—	—		—		—		2,608		2,608
Issuance of stock, net of cancellations	182	61		(61)		—		—		—
Share-based compensation	—	—		2,300		—		—		2,300
Other share retirements	(67)	(22)		(526)		(2,267)		—		(2,815)
Cash dividends, $0.26 per share	—	—		—		(5,520)		—		(5,520)
Balance at May 31, 2025	21,533	$	7,178	$	157,788	$	349,501	$	(32,684)	$	481,783
Net loss	—	—		—		23,649		—		23,649
Other comprehensive income, net of tax	—	—		—		—		84		84
Cancellations of stock, net of issuance	(16)	(5)		(184)		—		—		(189)
Share-based compensation		—		474		—		—		474
Other share retirements	(2)	(1)		(13)		(49)		—		(63)
Cash dividends, $0.26 per share	—	—		—		(5,523)		—		(5,523)
Balance at August 30, 2025	21,515	$	7,172	$	158,065	$	367,578	$	(32,600)	$	500,215

See accompanying notes to consolidated financial statements.

7

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

1.Summary of Significant Accounting Policies

Basis of presentation

The consolidated financial statements of Apogee Enterprises, Inc. (Apogee, we, us, our or the Company) have been prepared in accordance with accounting principles generally accepted in the United States (U.S. GAAP). The information included in this Form 10-Q should be read in conjunction with the Company’s Form 10-K for the year ended February 28, 2026. We use the same accounting policies in preparing quarterly and annual financial statements. All adjustments necessary for a fair presentation of quarterly and year to date operating results are reflected herein. The results of operations for the three and six month period ended August 29, 2026, are not necessarily indicative of the results to be expected for the full year.

Accounting standards not yet adopted

In November 2024, the FASB issued ASU 2024-03, Disaggregation of Income Statement Expenses. This guidance requires entities to disclose more detailed information about the types of expenses, including purchases of inventory, employee compensation, depreciation, amortization, and depletion in commonly presented expense captions such as cost of sales and selling, general and administrative (SG&A) expenses. Such guidance is effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027, although early adoption is permitted. This guidance should be applied either prospectively to financial statements issued for reporting periods after the effective date of this ASU or retrospectively to any or all prior periods presented in the financial statements. While the adoption of this ASU will not have an impact on our financial position and/or results of operations, we are currently evaluating the impact this ASU may have on our consolidated financial statement disclosures, including the processes and controls around the collection of this information.

2.Revenue, Receivables and Contract Assets and Liabilities

Revenue

The following table disaggregates total revenue by timing of recognition (see Note 12 for disclosure of revenue by segment):

	Three Months Ended				Six Months Ended
(In thousands)	August 29, 2026		August 30, 2025		August 29, 2026		August 30, 2025
Recognized at shipment	$	214,752	$	171,681	$	380,762	$	329,837
Recognized over time (input method)	108,849		118,134		224,845		237,357
Recognized over time (output method)	67,534		68,379		128,213		137,622
Total	$	391,135	$	358,194	$	733,820	$	704,816

Receivables

Receivables reflected in the financial statements represent the net amount expected to be collected. An allowance for credit losses is established based on expected losses. Expected losses are estimated by reviewing individual accounts, considering aging, financial condition of the debtor, recent payment history, current and forecasted economic conditions and other relevant factors. Upon billing, aging of receivables is monitored until collection. An account is considered current when it is within agreed upon payment terms. An account is written off when it is determined that the amount is no longer collectible.

(In thousands)	August 29, 2026		February 28, 2026
Trade accounts	$	147,505	$	111,679
Construction contracts	61,005		88,445
Total receivables	208,510		200,124
Less: allowance for credit losses	2,183		1,608
Receivables, net	$	206,327	$	198,516

8

The following table summarizes the activity in the allowance for credit losses for the six months ended August 29, 2026:

(In thousands)	August 29, 2026
Beginning balance	$	1,608
Credits against costs and expenses	152
Deductions from allowance, net of recoveries	(97)
Allowance for credit losses from acquisitions	520
Ending balance	$	2,183

Contract assets and liabilities

Contract assets consist of retainage, costs and earnings in excess of billings and other unbilled amounts typically generated when revenue recognized exceeds the amount billed to the customer. Retainage on construction contracts represents amounts withheld by our customers on long-term projects until the project reaches a level of completion where amounts are released to us from the customer. Contract liabilities consist of billings in excess of costs and earnings and other deferred revenue on contracts.

The time period between when performance obligations are complete and payment is due is not significant. In certain parts of our business that recognize revenue over time, progress billings follow an agreed-upon schedule of values.

(In thousands)	August 29, 2026		February 28, 2026
Contract assets	$	68,806	$	59,512
Contract liabilities	59,343		60,903

Other contract-related disclosures

	Three Months Ended				Six Months Ended
(In thousands)	August 29, 2026		August 30, 2025		August 29, 2026		August 30, 2025
Revenue recognized related to contract liabilities from prior year-end	$	8,933	$	21,499	$	51,537	$	28,329
Revenue recognized related to prior satisfaction of performance obligations	1,386		1,935		627		2,408

Some of our contracts have an expected duration of longer than a year, with performance obligations extending over that time frame. The transaction price associated with performance obligations that were not yet satisfied as of August 29, 2026, will be recognized as revenue in the following estimated time periods:

(In thousands)	August 29, 2026
Within one year	$	444,374
Between one and two years	289,941
Beyond two years	100,948
Total	$	835,263

Due to the nature of the work required under these long-term contracts, the estimation of total revenue and costs of sales is subject to many variables and requires significant judgment. We estimate variable consideration at the most likely amount to which we expect to be entitled. Our final cost of sales estimates are based largely on our assessments of anticipated performance and all information (historical, current and forecasted) that is reasonably available to us. Changes in estimated revenue, cost of sales and the related effect on operating income are recognized using a cumulative catch-up adjustment, which recognizes in the current period the cumulative effect of the changes on current and prior periods based on a long-term contracts percentage of completion. When the current estimates of total revenues and costs at completion for a long-term contract indicate a loss, a provision for the entire loss on the long-term contract is recognized.

9

The net cumulative catch-up adjustments on our longer-term contracts for changes in estimates had the following effect on the respective periods shown:

(in thousands, except earnings per share data)	Three Months Ended				Six Months Ended
	August 29, 2026		August 30, 2025		August 29, 2026		August 30, 2025
Operating income	$	1,532	$	731	$	863	$	799
Earnings per share:
Basic	0.06		0.03		0.03		0.03
Diluted	0.06		0.03		0.03		0.03

3.Supplemental Balance Sheet Information

Inventories

Inventories	August 29, 2026		February 28, 2026
Raw materials	$	53,740	$	43,441
Work-in-process	23,658		18,089
Finished goods	39,362		36,529
Total inventories, net	$	116,760	$	98,059

4.Financial Assets and Liabilities

Marketable securities

Through our wholly-owned insurance subsidiary, Prism Assurance, Ltd. (Prism), we hold the following available-for-sale marketable securities, made up of fixed-maturity investments:

(In thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
August 29, 2026	$	19,420	$	3	$	326	$	19,097
February 28, 2026	14,989		23		94		14,918

Prism insures a portion of our general liability, workers’ compensation and automobile liability risks using third-party agreements to meet statutory requirements. The reinsurance carrier requires Prism to maintain fixed-maturity investments, for the purpose of providing collateral for Prism's obligations under the reinsurance agreements.

The amortized cost and estimated fair values of these investments at August 29, 2026, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities, as borrowers may have the right to call or prepay obligations with or without penalty. Investments that are due within one year are included in other current assets while those due after one year are included as other non-current assets. Gross realized gains and losses were insignificant for all periods presented.

(In thousands)	Amortized Cost		Estimated Fair Value
Due within one year	$	5,964	$	5,925
Due after one year through five years	9,186		9,044
Due after five years through 10 years	4,270		4,128
Total	$	19,420	$	19,097

Derivative instruments

We may use interest rate swaps, currency put options, forward purchase contracts, or other instruments to manage risks generally associated with foreign exchange rate, interest rate and commodity price fluctuations. The information that follows explains the various types of derivatives and financial instruments used, how such instruments are accounted for, and how such instruments impact our financial position and performance.

We have entered into interest rate swaps with a total notional value of $175.0 million, with expiration dates throughout fiscal 2030, to hedge a portion of our exposure to variability in cash flows from interest payments on our floating-rate revolving credit facility.

10

We have also entered into multiple aluminum commodity swap contracts with an aggregate notional value of $27.2 million to hedge a portion of our exposure to variability in cash flows associated with forecasted aluminum purchases. These swap contracts mature over the next twelve months, with final settlements occurring by May 2027.

The mark-to-market adjustments on these derivative instruments are recorded within our Consolidated Balance Sheets within other current assets or other current liabilities. Gains or losses associated with these instruments are recorded as a component within the Consolidated Statements of Comprehensive Earnings until which time the hedged transaction is settled and gains or losses are recorded in net earnings.

Fair value measurements

Financial assets and liabilities are classified in the fair value hierarchy based on the lowest level input that is significant to the fair value measurement: Level 1 (unadjusted quoted prices in active markets for identical assets or liabilities); Level 2 (observable market inputs, other than quoted prices included in Level 1); and Level 3 (unobservable inputs that cannot be corroborated by observable market data). We do not have any Level 3 financial assets or liabilities.

Financial assets and liabilities measured at fair value on a recurring basis were:

(In thousands)	Quoted Prices in Active Markets (Level 1)		Other Observable Inputs (Level 2)		Total Fair Value
August 29, 2026
Assets:
Money market funds	$	24,546	$	—	$	24,546
Municipal bonds	—		19,097		19,097
Aluminum hedging contract	—		692		692
Interest rate swap contracts	—		603		603
Liabilities:
Interest rate swap contracts	—		124		124
February 28, 2026
Assets:
Money market funds	$	31,662	$	—	$	31,662
Municipal bonds	—		14,918		14,918
Aluminum hedging contract	—		401		401
Liabilities:
Interest rate swap contracts	—		701		701

Money market funds

Fair value of money market funds was determined based on quoted prices for identical assets in active markets. These assets are included within cash and cash equivalents on our Consolidated Balance Sheets.

Municipal bonds

Municipal bonds were measured at fair value based on market prices from recent trades of similar securities and are classified within our Consolidated Balance Sheets as other current or other non-current assets based on maturity date.

Derivative instruments

Interest rate swaps are measured at fair value using other observable market inputs, based off benchmark interest rates. Forward purchase aluminum contracts are measured at fair value using other observable market inputs. Derivative positions are primarily valued using standard calculations and models that use as their basis readily observable market parameters. Industry standard data providers are our primary source for forward and spot rate information for interest and currency rates and aluminum prices.

Nonrecurring fair value measurements

We measure certain long‑lived assets — including goodwill, intangible assets, property and equipment, and right‑of‑use lease assets — at fair value on a nonrecurring basis when indicators of impairment are present. These assets, initially recorded at fair value upon acquisition or purchase, are evaluated periodically, and if impairment indicators exist, we compare their carrying values to their estimated fair values and recognize an impairment charge for any excess carrying value.

11

5.Debt

We are party to a Credit Agreement (the Credit Agreement) with Bank of America, N.A., as administrative agent, and other lenders. The Credit Agreement provides for an unsecured senior credit facility in an aggregate principal amount of up to $700.0 million, in which commitments were made through a $450.0 million, five-year floating rate revolving credit facility and a committed $250.0 million delayed draw term loan facility. Borrowings under the revolving credit facility can be in Canadian dollars (CAD) limited to $25.0 million USD. The senior credit facility has a term of five years with a maturity date of July 19, 2029.

The Credit Agreement contains two maintenance financial covenants that require our Consolidated Leverage Ratio (as defined in the Credit Agreement) to be less than 3.50 and our Consolidated Interest Coverage Ratio (as defined in the Credit Agreement) to exceed 3.00. At August 29, 2026, we were in compliance with all covenants as defined under the terms of the Credit Agreement.

Borrowings under the Credit Agreement bear floating interest at either the Base Rate or Term Secured Overnight Financing Rate (SOFR), or, for CAD borrowings, Canadian Overnight Repo Rate Average (CORRA), plus a margin based on the Consolidated Leverage Ratio (as defined in the Credit Agreement). For Base Rate borrowings, the margin ranges from 0.25% to 0.75%. For Term SOFR and CORRA borrowings, the margin ranges from 1.25% to 1.75%, with an incremental Term SOFR and CORRA adjustment of 0.10% and 0.29547%, respectively.

Outstanding borrowings under the term loan facility and current floating rate revolving facility were $206.5 million and $129.0 million, respectively, as of August 29, 2026. At August 29, 2026, we had a total of $2.6 million of ongoing letters of credit related to the senior credit facility, construction contracts and insurance collateral that expire in fiscal 2027 and reduce borrowing capacity under the floating rate revolving credit facility to an amount of $318.4 million.

Interest payments under the credit facilities were $6.7 million and $9.0 million for the six months ended August 29, 2026 and August 30, 2025, respectively. The weighted average interest rates on borrowings outstanding, inclusive of the impact of our interest rate swaps as of August 29, 2026, and February 28, 2026, were 4.45% and 4.44%, respectively.

	Three Months Ended				Six Months Ended
(In thousands)	August 29, 2026		August 30, 2025		August 29, 2026		August 30, 2025
Interest on debt	$	3,988	$	4,612	$	7,038	$	9,094
Interest rate swap expense (income)	113		(132)		198		(313)
Other interest expense	102		187		294		302
Interest income	(649)		(591)		(1,142)		(1,163)
Interest expense, net	$	3,554	$	4,076	$	6,388	$	7,920

The fair value of our senior credit facility approximated carrying value at August 29, 2026, and would be classified as Level 2 within the fair value hierarchy described in Note 4, due to the variable interest rates on these instruments.

6.Commitments and Contingent Liabilities

Bond commitments

In the ordinary course of business, predominantly in our Architectural Services Segment, we are required to provide surety or performance bonds that commit payments to our customers for non-performance against our contracts. At August 29, 2026, $1.2 billion of these types of bonds were outstanding, of which $264.3 million is in our backlog. These bonds have expiration dates that align with the completion of these contracts. We have never been required to make payments under surety or performance bonds with respect to our existing businesses.

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Warranty and project-related contingencies

We reserve estimated exposures on known claims, as well as on a portion of anticipated claims, for product warranty and rework cost, based on historical product liability claims as a ratio of sales. Claim costs are deducted from the accrual when paid. Factors that could have an impact on these accruals in any given period include changes in manufacturing quality, changes in product mix, and any significant changes in sales volume.

	Six Months Ended
(In thousands)	August 29, 2026
Beginning balance	$	12,903
Additional provision	3,790
Acquired reserves from acquisitions	1,479
Claims paid	(2,449)
Ending balance	$	15,723

Additionally, we are subject to project management and installation-related contingencies as a result of our fixed-price material supply and installation service contracts, primarily in our Architectural Services Segment and in certain parts of our Architectural Metals Segment. We manage the risk of these exposures through contract negotiations, proactive project management and insurance coverages.

Letters of credit

At August 29, 2026, we had $2.6 million of ongoing letters of credit as discussed in Note 5.

Purchase obligations

Purchase obligations for raw material commitments and capital expenditures totaled $33.5 million as of August 29, 2026.

Litigation

The Company is a party to various legal proceedings incidental to its normal operating activities. In particular, like others in the construction supply and services industry, the Company is routinely involved in various disputes and claims arising out of construction projects, sometimes involving significant monetary damages or product replacement. We have in the past and are currently subject to product liability and warranty claims, including certain legal claims related to a commercial sealant product formerly incorporated into our products.

The Company is also subject to litigation arising out of areas such as employment practices, workers compensation and general liability matters. Although it is very difficult to accurately predict the outcome of any such proceedings, facts currently available indicate that no matters will result in losses that would have a material adverse effect on the results of operations, cash flows or financial condition of the Company.

7.Supplier Finance Program Obligations

We have a supplier financing arrangement that enables select suppliers, at their sole discretion, to sell our receivables (i.e., our payment obligations to the suppliers) on a non-recourse basis in order to be paid earlier than our payment terms provide. These suppliers’ voluntary inclusion of invoices in the supplier financing arrangement has no bearing on our payment terms, the amounts we pay, or our liquidity. We have no economic interest in the supplier’s decision to participate in the supplier financing program, and we do not provide any guarantees in connection with it. The balances owed are reflected in accounts payable in the Consolidated Balance Sheets and are reflected in operating activities in our Consolidated Statements of Cash Flows when settled.

The following table summarizes the obligation activity and outstanding balance for the six months ended August 29, 2026, that we have confirmed as valid to the administrators of our program:

(In thousands)	August 29, 2026
Balance at beginning of period	$	7,857
Obligations added to the program	26,087
Obligations settled	(24,624)
Balance at end of period	$	9,320

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8.Shareholders' Equity

We paid dividends totaling $11.2 million ($0.54 per share) in the first six months of fiscal 2027, compared to dividends paid of $11.0 million ($0.52 per share) in the comparable prior year period.

During fiscal 2004, the Board of Directors authorized a share repurchase program allowing us to repurchase shares of our outstanding common stock, with subsequent increases in authorization. During the six months ended August 29, 2026, we repurchased 428,220 shares under the program, for a total of $16.1 million. No shares were repurchased during the six months ended August 30, 2025. We have repurchased a total of 12,880,009 shares, at a total cost of $469.3 million, since the inception of this program in fiscal 2004. We have remaining authority to repurchase 1,369,991 shares under this program, which has no expiration date. We may elect to repurchase additional shares of common stock under our authorization, subject to limitations contained in our debt agreements and based upon our assessment of a number of factors, including share price, trading volume and general market conditions, working capital requirements, general business conditions, financial conditions, any applicable contractual limitations, and other factors, including alternative investment opportunities. We may finance share repurchases with available cash, additional debt or other sources of financing.

Additionally, shares withheld from the vesting of restricted awards, or the settlement of performance-based awards, are treated as purchases and retirements, and are included within Other, net in the financing activities section in the Consolidated Statement of Cash Flows.

The Company maintains a Junior Preferred Stock plan, under which 200,000 shares of $1.00 par value junior preferred stock are authorized, with zero shares issued and outstanding as of August 29, 2026.

9.Share-Based Compensation

As part of our compensation structure, we grant stock-based compensation awards to certain employees and non-employee directors during the fiscal year. We have a 2019 Stock Incentive Plan and a 2019 Non-Employee Director Stock Plan (the Plans) that provide for the issuance of 2,950,000 and 300,000 shares, respectively, for various forms of stock-based compensation to employees and non-employee directors. Awards under these Plans may be in the form of incentive stock options (to employees only), non-statutory options, stock-settled stock appreciation rights (SARs), restricted stock awards, or performance share unit awards, all of which are granted at a price or with an exercise price equal to the fair market value of the Company’s stock at the date of award.

We recorded share-based compensation expense, in which we account for any forfeitures as they occur, as follows:

	Three Months Ended				Six Months Ended
(In thousands)	August 29, 2026		August 30, 2025		August 29, 2026		August 30, 2025
Restricted stock awards and restricted stock units	$	2,390	$	1,598	$	4,472	$	3,186
Performance share units	227		(1,124)		455		(413)
Share-based compensation expense	$	2,617	$	474	$	4,927	$	2,773

At August 29, 2026, there was $13.0 million of total unrecognized compensation cost related to nonvested share and nonvested share unit awards, which is expected to be recognized over a weighted average period of approximately 1.7 years. The total fair value of shares vested during the six months ended August 29, 2026, was $3.3 million.

The table below sets forth the number of stock-based compensation awards granted during the six months ended August 29, 2026, along with the weighted average grant date fair value:

Awards	Number of Awards	Weighted Average Grant Date Fair Value
Restricted stock awards and restricted stock units(1)	166,957	$	37.08
Performance share units (2)	37,596	$	35.42

(1)

Represent service condition awards which generally vest over a two- or three-year period.

(2)

Represent performance condition awards with the grant equal to the target number of performance shares based on the share price at grant date. These grants allow for the right to receive a variable number of shares, between 0% and 200% of target, dependent on being employed at the end of the performance period and achieving defined performance goals for average adjusted return on invested capital and cumulative adjusted earnings per share.

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10.Income Taxes

The Company files income tax returns in the U.S. (federal and certain states), Canada, Brazil and other international jurisdictions and is generally subject to limited audit activity. The Internal Revenue Service is in the process of conducting a U.S. federal examination for fiscal year 2023.

For the three months ended August 29, 2026, income tax expense as a percentage of earnings before income taxes was 26.4%, compared to 15.4% for the same period last year. The increase in the effective tax rate was primarily attributable to non-recurring favorable discrete tax items recognized in the prior year. For the six months ended August 29, 2026, income tax expense as a percentage of earnings before income tax was 26.8% compared to 30.9% for the same period last year due to lower earnings before income tax in the prior year.

11.Earnings per Share

Basic earnings per share is computed by dividing net earnings by the weighted average number of common shares outstanding. Diluted earnings per share is computed by dividing net earnings by the weighted average number of common shares outstanding, including the dilutive effects of stock options, SARs and nonvested shares.

The following table presents a reconciliation of the share amounts used in the computation of basic and diluted earnings per share:

	Three Months Ended		Six Months Ended
(In thousands)	August 29, 2026	August 30, 2025	August 29, 2026	August 30, 2025
Basic earnings per share – weighted common shares outstanding	20,722	21,408	20,884	21,373
Weighted average effect of nonvested share grants and assumed exercise of stock options	179	182	130	189
Diluted earnings per share – weighted common shares and potential common shares outstanding	20,901	21,590	21,014	21,562
Stock awards excluded from the calculation of earnings per share because the exercise price was greater than the average market price of the common shares	79	230	118	215

12.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 segment net sales and adjusted 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 expense, net, 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 of the segment including sales related to intersegment transactions. We present intersegment net sales 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.

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	Three Months Ended August 29, 2026
(In thousands)	Architectural Metals		Architectural Services		Architectural Glass		Performance Surfaces
Net sales to external customers	$	143,520	$	108,464	$	83,894	$	55,257
Intersegment net sales	—		—		3,529		—
Total segment net sales	143,520		108,464		87,423		55,257
Adjusted cost of sales (1)	(101,895)		(91,956)		(66,080)		(37,421)
Adjusted SG&A (2)	(23,020)		(11,060)		(12,558)		(9,355)
Depreciation and amortization	3,511		801		4,207		3,929
Adjusted EBITDA	$	22,116	$	6,249	$	12,992	$	12,410

	Three Months Ended August 30, 2025
(In thousands)	Architectural Metals		Architectural Services		Architectural Glass		Performance Surfaces
Net sales to external customers	$	140,922	$	100,490	$	68,392	$	48,390
Intersegment net sales	13		—		3,789		—
Total segment net sales	140,935		100,490		72,181		48,390
Adjusted cost of sales (1)	(100,178)		(85,968)		(53,213)		(31,941)
Adjusted SG&A (2)	(23,681)		(10,417)		(10,644)		(9,017)
Depreciation and amortization	3,752		911		3,323		3,789
Adjusted EBITDA	$	20,828	$	5,016	$	11,647	$	11,221

	Six Months Ended August 29, 2026
(In thousands)	Architectural Metals		Architectural Services		Architectural Glass		Performance Surfaces
Net sales to external customers	$	265,954	$	223,700	$	144,585	$	99,581
Intersegment net sales	9		—		10,552		—
Total segment net sales	265,963		223,700		155,137		99,581
Adjusted cost of sales (1)	(191,948)		(190,866)		(120,959)		(69,334)
Adjusted SG&A (2)	(45,264)		(22,048)		(22,998)		(19,139)
Depreciation and amortization	7,065		1,599		7,705		7,879
Adjusted EBITDA	$	35,816	$	12,385	$	18,885	$	18,987

	Six Months Ended August 30, 2025
(In thousands)	Architectural Metals		Architectural Services		Architectural Glass		Performance Surfaces
Net sales to external customers	$	269,519	$	206,995	$	137,662	$	90,640
Intersegment net sales	40		—		7,792		—
Total segment net sales	269,559		206,995		145,454		90,640
Adjusted cost of sales (1)	(197,782)		(176,630)		(104,973)		(60,157)
Adjusted SG&A (2)	(49,148)		(21,264)		(22,010)		(18,642)
Depreciation and amortization	7,566		1,983		6,593		7,338
Adjusted EBITDA	$	30,195	$	11,084	$	25,064	$	19,179

(1)	There were no adjustments to cost of sales related to acquisition expense for the three and six months ended August 29, 2026, and adjusted cost of sales excludes $3.3 million and $10.3 million related to acquisition and restructuring expense for the three and six months ended August 30, 2025.
(2)	Adjusted SG&A expense excludes $1.0 million related to acquisition expense for the three and six months ended August 29, 2026, and excludes $1.0 million and $7.0 million related to acquisition and restructuring expense for the three and six months ended August 30, 2025. Adjusted SG&A includes adjusted Other income and (expense).

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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 29, 2026		August 30, 2025		August 29, 2026		August 30, 2025
Segment adjusted EBITDA	$	53,767	$	48,712	$	86,073	$	85,522
Corporate and Other expenses (1)	(5,567)		(4,474)		(6,528)		(9,603)
Segment acquisition-related costs (2)	(1,038)		(1,187)		(1,038)		(1,464)
Segment restructuring costs (3)	—		(3,113)		—		(15,832)
Depreciation and amortization	(13,191)		(12,507)		(25,769)		(24,943)
Other income (4)	—		4,597		—		4,597
Interest expense, net	(3,554)		(4,075)		(6,388)		(7,921)
Income tax expense	(8,037)		(4,304)		(12,433)		(9,394)
Net earnings	$	22,380	$	23,649	$	33,917	$	20,962

(1)	Includes $1.3 million and $2.1 million in acquisition related costs incurred at Corporate for the Keller Companies, Inc. (Kalwall) in the three and six months ended August 29, 2026. Includes $0.1 million and $0.2 million of acquisition related costs and $0.0 million and $2.6 million of restructuring costs in the three and six months ended August 30, 2025.
(2)	Acquisition-related costs incurred to integrate Kalwall during the three and six months ended August 29, 2026, and UW Solutions during the three and six months ended August 30, 2025.
(3)	Restructuring charges related to Project Fortify.
(4)	New Markets Tax Credit (NMTC) gain recognized in the three and six months ended August 30, 2025.

13.Acquisition

On July 1, 2026, we completed the acquisition of Kalwall for $104.7 million in cash and an estimated $7.5 million of contingent consideration in the form of an earn-out. Kalwall is a U.S.-based, vertically integrated manufacturer of high-performance translucent day lighting solutions. The Kalwall business activity is included in our Glass Segment.

The total purchase consideration was $112.2 million of cash and contingent consideration, net of a preliminary net working capital adjustment of $0.8 million and cash acquired of $5.1 million. The acquisition was funded with borrowings under our existing credit facility. During the three-month and six-month period ended August 29, 2026, we incurred acquisition costs of $1.6 million and $2.4 million, respectively, which are included in selling, general and administrative expenses in our Consolidated Results of Operations.

The purchase of Kawall includes contingent consideration of up to $10 million, which may be earned this fiscal year upon achieving certain financial targets. As of August 29, 2026, fair value of this contingent consideration is estimated to be $7.5 million, which is included in other current liabilities in our Consolidated Balance Sheet.

We accounted for the acquisition as a purchase of a business and recorded the excess of the purchase price over the estimated fair value of the assets acquired and liabilities assumed as goodwill of $18.9 million. The goodwill recognized is attributable primarily to expected synergies and by providing a more comprehensive glass and substrate offering for the building envelope market by integrating Kalwall into our Glass Segment. The transaction was structured as a stock acquisition; therefore, the associated goodwill is not deductible for tax purposes. We have provisionally determined the fair values of the acquired intangible assets and the economic lives of the assets acquired. We assigned $34.3 million to customer relationships to be amortized over a 15-year expected life, based on Kalwall's historical customer attrition rates. We assigned $13.1 million to trade names to be amortized over a 15-year expected life. We assigned $2.4 million to contract backlog to be amortized over a 6-month expected life.

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The following table presents the preliminary estimated fair values of assets acquired and liabilities assumed at the acquisition date:

(In thousands)
Assets:
Cash and cash equivalents	$	5,105
Receivables, net	12,460
Inventories, net	8,735
Other current assets	2,042
Property, plant, and equipment	27,282
Intangible assets	49,800
Goodwill	18,936
Total Assets	124,360
Liabilities:
Accounts payable	2,314
Accrued compensation and benefits	2,893
Other current liabilities	13,558
Other non-current liabilities	918
Total Liabilities	19,683
Net assets recorded	$	104,677

The impact of the acquisition of Kalwall on our consolidated results of operations for the three-month and six-month period ended on August 29, 2026 was $16.4 million of net sales and $0.9 million of net earnings. The net sales and net earnings represent approximately eight weeks of operating results, and include transaction and integration-related costs, interest and the net tax effect.

14.Restructuring

Project Fortify, announced in the fourth quarter of fiscal 2024, was a restructuring program designed to streamline operations, improve cost efficiency, and enhance the Company’s operating model, primarily within the Architectural Metals Segment. The program was completed in the fourth quarter of fiscal 2025. A second phase of Project Fortify (Phase 2) was announced during the first quarter of fiscal 2026, and focused on driving additional cost efficiencies and further optimizing the Company’s operating footprint and resource alignment.

During the second quarter of fiscal 2026, we incurred $3.1 million of pre-tax costs associated with Phase 2, of which $3.0 million was included in cost of sales and $0.1 million was included within SG&A. During the first six months of fiscal 2026, we incurred $18.5 million of pre-tax costs associated with Phase 2, of which, $9.9 million was included in cost of sales and $8.6 million was included within SG&A. During the first six months of fiscal 2026, SG&A charges include a $5.0 million non-cash intangible asset impairment charge in the Architectural Services Segment and a $2.6 million non-cash asset write-off and other charges in Corporate and Other. The actions associated with Phase 2 were substantially completed in the fourth quarter of fiscal 2026, and therefore no further activity occurred during the first six months of fiscal 2027.

The table below reflects the pretax impact of Project Fortify Phase 2 for the quarter ended August 30, 2025.

(In thousands)	Architectural Metals		Architectural Services		Corporate and Other		Total
August 30, 2025
Termination benefits	$	—	$	476	$	—	$	476
Contract termination costs	201		1,659		—		1,860
Other restructuring charges	154		623		10		787
Total restructuring charges	$	355	$	2,758	$	10	$	3,123

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The table below reflects the pretax impact of Project Fortify Phase 2 for the six months ended August 30, 2025.

(In thousands)	Architectural Metals		Architectural Services		Corporate and Other		Total
August 30, 2025
Termination benefits	$	805	$	6,424	$	—	$	7,229
Contract termination costs	802		1,932		—		2,734
Other restructuring charges	218		5,650		2,641		8,509
Total restructuring charges	$	1,825	$	14,006	$	2,641	$	18,472

The following table summarizes our restructuring related accrual balances included within accrued payroll and related benefits and other current liabilities in the Consolidated Balance Sheets. All remaining accrual balances are expected to be paid within fiscal 2027.

(In thousands)	Architectural Metals		Architectural Services		Corporate and Other		Total
Balance at February 28, 2026	$	3,581	$	2,311	$	1,082	$	6,974
Payments	(1,576)		(297)		(956)		(2,829)
Other adjustments	(182)		(67)		—		(249)
Balance at August 29, 2026	$	1,823	$	1,947	$	126	$	3,896

15.Subsequent Events

On September 18, 2026, we completed the acquisition of SIA “Alzette”, the parent company of SIA “GroGlass” (“Groglass”), a Latvia-based provider of high-performance glass surface solutions specializing in anti-reflective and other advanced coating technologies, for up to €62.5 million on a cash-free, debt-free basis, subject to certain customary purchase price adjustments. The purchase price includes up to €10 million in contingent consideration payable based on Groglass achieving specified financial performance targets during the three-year period following closing. The acquisition was funded with borrowings under our existing credit facility. Groglass will be integrated into our Performance Surfaces Segment, and its results will be included in our consolidated results of operations from the acquisition date. Due to the proximity of the acquisition date to the filing date of this Form 10-Q, the Company has not yet completed the valuation analyses necessary to determine the fair value of assets acquired and liabilities assumed and as a result, the disclosures required by ASC 805 are not yet complete. The Company expects to finalize purchase accounting during the measurement period and provide required disclosure information in future filings.

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Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations

Forward-looking statements

This Quarterly Report on Form 10-Q, including the section, Management’s Discussion and Analysis of Financial Condition and Results of Operations, contains certain statements that are considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect our current views with respect to future events and financial performance. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may,” “believe,” “expect,” “anticipate,” “intend,” “estimate,” “forecast,” “project,” “should,” “will,” “continue” or similar words or expressions. All forecasts and projections in this document are “forward-looking statements,” and are based on management’s current expectations or beliefs of the Company's near-term results, based on current information available pertaining to the Company. From time to time, we may also provide oral and written forward-looking statements in other materials we release to the public, such as press releases, presentations to securities analysts or investors, or other communications by the Company. Any or all of our forward-looking statements in this report and in any public statements we make could be materially different from actual results.

Accordingly, we wish to caution investors that any forward-looking statements made by or on behalf of the Company are subject to uncertainties and other factors that could cause actual results to differ materially from such statements. These uncertainties and other risk factors include, but are not limited to, the risks and uncertainties set forth under “Risk Factors” section of our Annual Report on Form 10-K for the year ended February 28, 2026, and in subsequent filings with the U.S. Securities and Exchange Commission, including this Quarterly Report on Form 10-Q.

We also wish to caution investors that other factors might in the future prove to be important in affecting the Company’s results of operations. New factors emerge from time to time; it is not possible for management to predict all such factors, nor can it assess the impact of each such factor on the business or the extent to which any factor, or a combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. We undertake no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Overview

We are a leading provider of architectural products and services for enclosing buildings, and high-performance coating products used in applications for preservation, protection and enhanced viewing. Our four reporting segments are: Architectural Metals, Architectural Services, Architectural Glass, and Performance Surfaces.

Our enterprise strategy is based on the following three key elements:

1.Accelerate Leadership in Target Markets. We intend to enhance our position in targeted end markets by differentiating through deep customer focus and insight, using an informed understanding of customer needs to shape our offerings and delivery models. By aligning our capabilities, investments, and operating approach around this customer‑focused strategy, we believe we will be better positioned to differentiate, compete effectively, and strengthen our position in the markets we serve.

2.Grow and Strengthen the Portfolio. We seek to grow and strengthen our portfolio through disciplined organic and inorganic investments in differentiated solutions that align with evolving customer needs. By prioritizing opportunities that enhance our competitive positioning and directly address customer challenges, we will reinforce our disciplined approach to portfolio growth and improvement.

3.Advance Core Capabilities. We expect to advance core capabilities by fostering a culture of continuous improvement grounded in operational excellence, talent development, and disciplined process execution. Through targeted investments in people, systems, and technology, we will strengthen our ability to deliver consistent performance and enhance the customer experience across the organization.

Recent Developments

On July 1, 2026, we completed the acquisition of Keller Companies, Inc. ("Kalwall"), the controlling shareholder of Kalwall Corporation and Structures Unlimited Inc. The total purchase consideration was $112.2 million, including contingent earn-out consideration of $7.5 million. The acquisition was funded with borrowings under our existing credit facility. The acquired business is reported within our Architectural Glass Segment, and its results of operations have been included in our consolidated financial statements since the acquisition date.

On September 18, 2026, we completed the acquisition of SIA “Alzette”, the parent company of SIA “GroGlass” (“Groglass”), a Latvia-based provider of high-performance glass surface solutions specializing in anti-reflective and other advanced coating technologies, for up to €62.5 million on a cash-free, debt-free basis, subject to certain customary purchase price adjustments. For additional information regarding this acquisition, see Note 15, Subsequent Events, in our consolidated financial statements.

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The following selected financial data should be read in conjunction with the Company’s Form 10-K for the year ended February 28, 2026, and the consolidated financial statements, including the notes to consolidated financial statements, included therein.

Results of Operations

The following is a discussion of our financial condition and results of operations during the three and six months ended August 29, 2026 and August 30, 2025.

	Three Months Ended						% of Net Sales
(in thousands, except percentages)	August 29, 2026			August 30, 2025			August 29, 2026		August 30, 2025
Net sales	$	391,135		$	358,194		100.0	%	100.0	%
Cost of sales	294,970			275,587			75.4	%	76.9	%
Gross profit	96,165			82,607			24.6	%	23.1	%
Selling, general and administrative expenses	62,679			55,719			16.0	%	15.6	%
Operating income	33,486			26,888			8.6	%	7.5	%
Interest expense, net	3,554			4,075			0.9	%	1.1	%
Other income, net	485			5,140			0.1	%	1.4	%
Earnings before income taxes	30,417			27,953			7.8	%	7.8	%
Income tax expense	8,037			4,304			2.1	%	1.2	%
Net earnings	$	22,380		$	23,649		5.7	%	6.6	%
Effective tax rate	26.4		%	15.4		%
Non-GAAP Measures
Adjusted EBITDA	$	49,538		$	44,368		12.7	%	12.4	%
Adjusted net earnings	$	24,401		$	21,098		6.2	%	5.9	%

	Six Months Ended						% of Net Sales
(in thousands, except percentages)	August 29, 2026			August 30, 2025			August 29, 2026		August 30, 2025
Net sales	$	733,820		$	704,816		100.0	%	100.0	%
Cost of sales	562,624			547,084			76.7	%	77.6	%
Gross profit	171,196			157,732			23.3	%	22.4	%
Selling, general and administrative expenses	118,870			123,913			16.2	%	17.6	%
Operating income	52,326			33,819			7.1	%	4.8	%
Interest expense, net	6,388			7,921			0.9	%	1.1	%
Other income, net	412			4,458			0.1	%	0.6	%
Earnings before income taxes	46,350			30,356			6.3	%	4.3	%
Income tax expense	12,433			9,394			1.7	%	1.3	%
Net earnings	$	33,917		$	20,962		4.6	%	3.0	%
Effective tax rate	26.8		%	30.9		%
Non-GAAP Measures
Adjusted EBITDA	$	81,653		$	78,752		11.1	%	11.2	%
Adjusted net earnings	$	36,520		$	32,948		5.0	%	4.7	%

The following table summarizes the changes in net sales from Second Quarter Fiscal 2027 to Second Quarter Fiscal 2026:

21

Components of Changes in Net Sales
(Unaudited)
Three Months Ended August 29, 2026
(In thousands, except percentages)	Architectural Metals			Architectural Services			Architectural Glass			Performance Surfaces			Intersegment eliminations			Consolidated
Fiscal 2026 net sales	$	140,935		$	100,490		$	72,181		$	48,390		$	(3,802)		$	358,194
Organic business (1)	2,585			7,974			(1,120)			6,867			273			16,579
Acquisition (2)	—			—			16,362			—			—			16,362
Fiscal 2027 net sales	$	143,520		$	108,464		$	87,423		$	55,257		$	(3,529)		$	391,135
Total net sales growth (decline)	1.8		%	7.9		%	21.1		%	14.2		%	7.2		%	9.2		%
Organic business (1)	1.8		%	7.9		%	(1.6)		%	14.2		%	7.2		%	4.6		%
Acquisition (2)	—		%	—		%	22.7		%	—		%	—		%	4.6		%
Six Months Ended August 29, 2026
(In thousands, except percentages)	Architectural Metals			Architectural Services			Architectural Glass			Performance Surfaces			Intersegment eliminations			Consolidated
Fiscal 2026 net sales	$	269,559		$	206,995		$	145,454		$	90,640		$	(7,832)		$	704,816
Organic business (1)	(3,596)			16,705			(6,679)			8,941			(2,729)			12,642
Acquisition (2)	—			—			16,362			—			—			16,362
Fiscal 2027 net sales	$	265,963		$	223,700		$	155,137		$	99,581		$	(10,561)		$	733,820
Total net sales (decline) growth	(1.3)		%	8.1		%	6.7		%	9.9		%	(34.8)		%	4.1		%
Organic business (1)	(1.3)		%	8.1		%	(4.6)		%	9.9		%	(34.8)		%	1.8		%
Acquisition (2)	—		%	—		%	11.2		%	—		%	—		%	2.3		%

(1)	Organic business is defined as growth (decline) in net sales from legacy businesses and from acquired businesses, twelve months after the acquisition date.
(2)	Kalwall was acquired on July 1, 2026.

Comparison of Second Quarter Fiscal 2027 to Second Quarter Fiscal 2026

•Consolidated net sales increased 9.2%, to $391.1 million, driven by a $16.4 million contribution from the Kalwall acquisition, price, and favorable mix, partially offset by lower volume.

•Gross margin increased 150 basis points to 24.6%, compared to 23.1%, primarily due to price, and productivity improvements including the net benefit from Project Fortify 2, and the accretive impact of the Kalwall acquisition, partially offset by higher material and manufacturing costs and impacts from lower volume.

•Selling, general, and administrative (SG&A) expense as a percent of net sales increased to 16.0%, compared to 15.6%, primarily due to higher incentive compensation expense, partially offset by cost savings from Fortify Phase 2.

•Operating income increased to $33.5 million from $26.9 million, and operating margin increased 110 basis points to 8.6%.

•Interest expense decreased to $3.6 million, primarily due to lower average debt balance.

•Other income was $0.5 million compared to $5.1 million. The prior year included a $4.6 million gain related to a New Markets Tax Credit.

•Income tax expense as a percentage of earnings before income tax was 26.4%, compared to 15.4%. The increase in the effective tax rate was primarily attributable to non-recurring favorable discrete tax items recognized in the prior year.

•Net earnings were $22.4 million compared to $23.6 million in the prior year.

•Adjusted EBITDA increased to $49.5 million, compared to $44.4 million, and adjusted EBITDA margin increased to 12.7%, compared to 12.4%.

Comparison of First Six Months Fiscal 2027 to First Six Months Fiscal 2026

•Consolidated net sales increased 4.1%, to $733.8 million, primarily driven by price and mix favorability, in addition to the $16.4 million contribution from the Kalwall acquisition, partially offset by lower volume.

22

•Gross margin increased to 23.3%, compared to 22.4%, primarily due to price and productivity improvements, including the net benefit from Fortify Phase 2, and favorable mix, partially offset by higher material and manufacturing costs and impacts from lower volume.

•SG&A expenses as a percent of net sales decreased to 16.2%, compared to 17.6%. The decrease was driven by the net cost savings from Fortify Phase 2, partially offset by higher incentive expense.

•Operating income increased to $52.3 million from $33.8 million, and operating margin increased 230 basis points to 7.1%.

•Interest expense, net decreased to $6.4 million, due to a lower average debt balance compared to the prior year.

•Other income was $0.4 million compared to $4.5 million. The prior year included a $4.6 million gain related to a New Markets Tax Credit.

•Income tax expense as a percentage of earnings before income tax was 26.8%, compared to 30.9% for the same period last year, as a result of the similar value of discrete tax items on higher earnings before income tax in the current year.

•Net earnings were $33.9 million compared to $21.0 million.

•Adjusted EBITDA increased to $81.7 million compared to $78.8 million and adjusted EBITDA margin remained consistent at 11.1% compared to 11.2% in the prior year.

Use and Reconciliation of Non-GAAP Financial Measures

In addition to reporting financial results in accordance with U.S. GAAP, we also provide certain non-GAAP financial measures. These measures are not in accordance with, nor are they a substitute for U.S. GAAP measures, and may not be comparable to similarly titled measures used by other companies. Management uses non-GAAP measures to evaluate the Company’s historical and prospective financial performance, measure operational profitability on a consistent basis, as a factor in determining executive compensation, and to provide enhanced transparency to the investment community. For each of these non-GAAP measures, we provide a reconciliation between the non-GAAP measure and the most directly comparable U.S. GAAP measure, and an explanation of why we believe the non-GAAP measure provides useful information to management and investors.

Non-GAAP measures include:

•Adjusted net earnings and adjusted earnings per diluted share (adjusted diluted EPS), is used by the Company to provide meaningful supplemental information about its operating performance by excluding amounts that are not considered part of core operating results, to enhance comparability from period-to-period.

•Adjusted EBITDA, defined as adjusted net earnings before interest, taxes, depreciation, and amortization, and adjusted EBITDA margin, defined as adjusted EBITDA as a percentage of net sales. We use adjusted EBITDA and adjusted EBITDA margin 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.

Reconciliation of Non-GAAP Financial Measures

Adjusted EBITDA and Adjusted EBITDA Margin

(Unaudited)

	Three Months Ended August 29, 2026
(In thousands)	Architectural Metals			Architectural Services			Architectural Glass			Performance Surfaces			Corporate and Other		Consolidated
Net earnings (loss)	$	18,221		$	5,488		$	7,804		$	8,349		$	(17,482)	$	22,380
Interest expense (income), net	384			(40)			(250)			—			3,461		3,554
Income tax expense	—			—			325			—			7,711		8,037
Depreciation and amortization	3,511			801			4,207			3,929			743		13,191
EBITDA	22,116			6,249			12,086			12,278			(5,567)		47,162
Acquisition-related costs (1)	—			—			906			132			1,338		2,376
Adjusted EBITDA	$	22,116		$	6,249		$	12,992		$	12,410		$	(4,229)	$	49,538
EBITDA margin	15.4		%	5.8		%	14.4		%	22.2		%	N/M		12.1		%
Adjusted EBITDA margin	15.4		%	5.8		%	15.5		%	22.5		%	N/M		12.6		%

23

	Three Months Ended August 30, 2025
(In thousands)	Architectural Metals			Architectural Services			Architectural Glass			Performance Surfaces			Corporate and Other		Consolidated
Net earnings (loss)	$	20,874		$	1,433		$	8,429		$	6,245		$	(13,332)	$	23,649
Interest expense (income), net	444			(86)			(131)			—			3,848		4,075
Income tax expense	—			—			26			—			4,278		4,304
Depreciation and amortization	3,752			911			3,323			3,789			732		12,507
EBITDA	25,070			2,258			11,647			10,034			(4,474)		44,535
Acquisition-related costs (1)	—			—			—			1,187			120		1,307
Restructuring costs (2)	355			2,758			—			—			10		3,123
NMTC settlement gain (3)	(4,597)			—			—			—			—		(4,597)
Adjusted EBITDA	$	20,828		$	5,016		$	11,647		$	11,221		$	(4,344)	$	44,368
EBITDA margin	17.8		%	2.2		%	16.1		%	20.7		%	N/M		12.4		%
Adjusted EBITDA margin	14.8		%	5.0		%	16.1		%	23.2		%	N/M		12.4		%

	Six Months Ended August 29, 2026
(In thousands)	Architectural Metals			Architectural Services			Architectural Glass			Performance Surfaces			Corporate and Other		Consolidated
Net earnings (loss)	$	27,981		$	10,860		$	10,300		$	10,976		$	(26,200)	$	33,917
Interest expense (income), net	770			(74)			(422)			—			6,114		6,388
Income tax expense	—			—			396			—			12,037		12,433
Depreciation and amortization	7,065			1,599			7,705			7,879			1,521		25,769
EBITDA	35,816			12,385			17,979			18,855			(6,528)		78,507
Acquisition-related costs (1)	—			—			906			132			2,108		3,146
Adjusted EBITDA	$	35,816		$	12,385		$	18,885		$	18,987		$	(4,420)	$	81,653
EBITDA margin	13.5		%	5.5		%	12.4		%	18.9		%	N/M		10.7		%
Adjusted EBITDA margin	13.5		%	5.5		%	13.1		%	19.1		%	N/M		11.0		%

	Six Months Ended August 30, 2025
(In thousands)	Architectural Metals			Architectural Services			Architectural Glass			Performance Surfaces			Corporate and Other		Consolidated
Net earnings (loss)	$	24,543		$	(4,759)		$	18,631		$	10,377		$	(27,830)	$	20,962
Interest expense (income), net	901			(138)			(276)			—			7,434		7,921
Income tax (benefit) expense	(43)			(8)			116			—			9,329		9,394
Depreciation and amortization	7,566			1,983			6,593			7,338			1,463		24,943
EBITDA	32,967			(2,922)			25,064			17,715			(9,604)		63,220
Acquisition-related costs (1)	—			—			—			1,464			193		1,657
Restructuring costs (2)	1,825			14,006			—			—			2,641		18,472
NMTC settlement gain (3)	(4,597)			—			—			—			—		(4,597)
Adjusted EBITDA	$	30,195		$	11,084		$	25,064		$	19,179		$	(6,770)	$	78,752
EBITDA margin	12.2		%	(1.4)		%	17.2		%	19.5		%	N/M		9.0		%
Adjusted EBITDA margin	11.2		%	5.4		%	17.2		%	21.2		%	N/M		11.2		%

(1)	Acquisition-related costs for the Kalwall acquisition in fiscal 2027 and UW Solutions acquisition in fiscal 2026, respectively, which management does not consider reflective of core operating performance for the periods presented.
(2)	Restructuring costs related to Project Fortify Phase 2 in fiscal 2026.
(3)	Settlement of a New Markets Tax Credit transactions.

24

Reconciliation of Non-GAAP Financial Measures

Adjusted Net Earnings

(Unaudited)

	Three Months Ended				Six Months Ended
(In thousands)	August 29, 2026		August 30, 2025		August 29, 2026		August 30, 2025
Net earnings	$	22,380	$	23,649	$	33,917	$	20,962
Acquisition-related costs (1)	2,376		1,307		3,146		1,657
Restructuring costs (2)	—		3,123		—		18,472
NMTC settlement gain (3)	—		(4,597)		—		(4,597)
Income tax impact on above adjustments (4)	(355)		(2,384)		(543)		(3,546)
Adjusted net earnings	$	24,401	$	21,098	$	36,520	$	32,948

(1)	Acquisition-related costs for the Kalwall acquisition in fiscal 2027 and UW Solutions acquisition in fiscal 2026, respectively, which management does not consider reflective of core operating performance for the periods presented.
(2)	Restructuring costs related to Project Fortify Phase 2 in fiscal 2026.
(3)	Settlement of a New Markets Tax Credit transactions.
(4)	Income tax impact reflects the estimated blended statutory tax rate for the jurisdictions in which the charge or income occurred.

Segment Analysis

Disclosures related to our business segments are included in Note 12 of our Consolidated Financial Statements. We manage our business in four reportable segments: Architectural Metals, Architectural Services, Architectural Glass and Performance Surfaces.

The following table presents net sales, adjusted EBITDA and adjusted EBITDA margin by segment and the consolidated total.

	Three Months Ended							Six Months Ended
(In thousands, except percentages)	August 29, 2026			August 30, 2025			% Change	August 29, 2026			August 30, 2025			% Change
Segment net sales
Architectural Metals	$	143,520		$	140,935		1.8%	$	265,963		$	269,559		(1.3)%
Architectural Services	108,464			100,490			7.9%	223,700			206,995			8.1%
Architectural Glass	87,423			72,181			21.1%	155,137			145,454			6.7%
Performance Surfaces	55,257			48,390			14.2%	99,581			90,640			9.9%
Intersegment eliminations	(3,529)			(3,802)			(7.2)%	(10,561)			(7,832)			34.8%
Net sales	$	391,135		$	358,194		9.2%	$	733,820		$	704,816		4.1%
Segment adjusted EBITDA
Architectural Metals	$	22,116		$	20,828		6.2%	$	35,816		$	30,195		18.6%
Architectural Services	6,249			5,016			24.6%	12,385			11,084			11.7%
Architectural Glass	12,992			11,647			11.5%	18,885			25,064			(24.7)%
Performance Surfaces	12,410			11,221			10.6%	18,987			19,179			(1.0)%
Corporate and Other	(4,229)			(4,344)			2.6%	(4,420)			(6,770)			(34.7)%
Adjusted EBITDA	$	49,538		$	44,368		11.7%	$	81,653		$	78,752		3.7%
Segment adjusted EBITDA margin
Architectural Metals	15.4		%	14.8		%		13.5		%	11.2		%
Architectural Services	5.8		%	5.0		%		5.5		%	5.4		%
Architectural Glass	14.9		%	16.1		%		12.2		%	17.2		%
Performance Surfaces	22.5		%	23.2		%		19.1		%	21.2		%
Corporate and Other	N/A			N/A				N/M			N/M
Adjusted EBITDA margin	12.7		%	12.4		%		11.1		%	11.2		%

25

Architectural Metals

Comparison of Second Quarter Fiscal 2027 to Second Quarter Fiscal 2026

•Net sales were $143.5 million, compared to $140.9 million, driven by favorable price, partially offset by lower volume.

•Adjusted EBITDA was $22.1 million, or 15.4% of net sales, compared to $20.8 million, or 14.8% of net sales, driven by price, improved productivity and cost savings from Fortify Phase 2, and favorable mix, partially offset by the net impact from higher aluminum costs and lower volume.

Comparison of First Six Months of Fiscal 2027 to First Six Months of Fiscal 2026

•Net sales were $266.0 million, compared to $269.6 million, driven by lower volume offsetting favorable price and mix.

•Adjusted EBITDA was $35.8 million, or 13.5% of net sales, compared to $30.2 million, or 11.2% of net sales. The improvement in adjusted EBITDA margin was primarily driven by price, improved productivity and cost savings from Fortify Phase 2, and favorable mix, partially offset by the net impact from higher aluminum costs and lower volume.

Architectural Services

Comparison of Second Quarter Fiscal 2027 to Second Quarter Fiscal 2026

•Net sales were $108.5 million, compared to $100.5 million, primarily due to increased volume.

•Adjusted EBITDA increased to $6.2 million, or 5.8% of net sales, compared to $5.0 million, or 5.0% of net sales, primarily driven by project mix and higher volume.

Comparison of First Six Months of Fiscal 2027 to First Six Months of Fiscal 2026

•Net sales were $223.7 million, compared to $207.0 million, driven by increased volume.

•Adjusted EBITDA increased to $12.4 million, or 5.5% of net sales, compared to $11.1 million, or 5.4% of net sales, driven by increased volume, partially offset by unfavorable mix and price.

Cumulative catch-up adjustments on our longer-term contracts for changes in estimates were as follows:

	Three Months Ended				Six Months Ended
(in thousands)	August 29, 2026		August 30, 2025		August 29, 2026		August 30, 2025
Gross favorable adjustments	$	4,949	$	9,454	$	9,250	$	14,747
Gross unfavorable adjustments	(3,416)		(8,722)		(8,386)		(13,948)
Net adjustments	$	1,532	$	731	$	863	$	799

Architectural Glass

Comparison of Second Quarter Fiscal 2027 to Second Quarter Fiscal 2026

•Net sales were $87.4 million compared to $72.2 million, driven by the $16.4 million contribution from the Kalwall acquisition and favorable mix, partially offset by lower volume and price.

•Adjusted EBITDA was $13.0 million, or 14.9% of net sales, compared to $11.6 million, or 16.1% of net sales. The decrease in adjusted EBITDA margin was primarily driven by price, higher manufacturing and freight costs, and lower volume, partially offset by the accretive contribution of the Kalwall acquisition and favorable mix.

Comparison of First Six Months of Fiscal 2027 to First Six Months of Fiscal 2026

•Net sales were $155.1 million compared to $145.5 million, driven by the $16.4 million contribution from the Kalwall acquisition and favorable mix, partially offset by lower volume and price.

•Adjusted EBITDA decreased to $18.9 million, or 13.1% of net sales, compared to $25.1 million, or 17.2% of net sales. The decrease in adjusted EBITDA margin was primarily driven by price, lower volume and higher manufacturing and freight costs, partially offset by the accretive contribution of the Kalwall acquisition and favorable mix.

Performance Surfaces

Comparison of Second Quarter Fiscal 2027 to Second Quarter Fiscal 2026

•Net sales were $55.3 million, compared to $48.4 million, due to higher volume and price.

26

•Adjusted EBITDA was $12.4 million, or 22.5% of net sales, compared to $11.2 million, or 23.2% of net sales. The decrease in adjusted EBITDA margin was primarily driven by the impact of higher material costs, partially offset by price and increased volume.

Comparison of First Six Months of Fiscal 2027 to First Six Months of Fiscal 2026

•Net sales were $99.6 million, compared to $90.6 million, due to higher volume and price.

•Adjusted EBITDA was $19.0 million, or 19.1% of net sales, compared to $19.2 million, or 21.2% of net sales. The decrease in adjusted EBITDA margin was primarily driven by the impact of higher material costs, partially offset by favorable price and increased volume.

Corporate and Other

Comparison of Second Quarter Fiscal 2027 to Second Quarter Fiscal 2026

•Corporate and Other adjusted EBITDA expense was $4.2 million, compared to $4.3 million in the prior year. The improvement was primarily due to the benefits from cost savings related to Fortify Phase 2 and lower health insurance costs, partially offset by higher incentive compensation expense.

Comparison of First Six Months of Fiscal 2027 to First Six Months of Fiscal 2026

•Corporate and Other adjusted EBITDA expense was $4.4 million, compared to $6.8 million in the prior year driven by net cost savings related to Fortify Phase 2 and lower health insurance costs, partially offset by higher incentive compensation expense.

Backlog

Backlog is defined as the dollar amount of signed contracts or firm orders, generally as a result of a competitive bidding process, which is expected to be recognized as revenue. Backlog is an operating measure used by management to assess future potential sales revenue. Backlog is not a term defined under U.S. GAAP and is not a measure of contract profitability. Backlog should not be used as the sole indicator of future revenue because we have a substantial number of projects with short lead times that book-and-bill within the same reporting period that are not included in backlog. It is most meaningful for the Architectural Services segment, due to the long-term nature of their projects.

As of August 29, 2026, segment backlog in the Architectural Services Segment was approximately $833.0 million, compared to approximately $792.3 million at the end of the second quarter of fiscal 2026.

Liquidity and Capital Resources

We rely on cash provided by operations for our ongoing cash requirements, including working capital needs, capital expenditures, satisfaction of contractual commitments (including principal and interest payments on our outstanding indebtedness) and shareholder return through dividend payments and share repurchases.

Operating Activities. Net cash provided by operating activities was $43.3 million for the first six months of fiscal 2027, compared to $37.3 million in the prior year period. The increase in cash provided by operating activities is driven by higher net earnings, partially offset by increased cash used for working capital.

Investing Activities. Net cash used in investing activities was $121.8 million for the first six months of fiscal 2027, compared to $10.9 million in the prior-year period. The increase net cash used in investing activities was primarily related to the acquisition of Kalwall.

Financing Activities. Net cash provided by financing activities was $74.9 million for the first six months of fiscal 2027, compared to $29.1 million of cash used in financing activities in the prior year period. The increase primarily relates to additional proceeds from our revolving credit facility used to fund the Kalwall acquisition, as well as lower debt payments compared to the prior year.

Additional Liquidity Considerations. We periodically evaluate our liquidity requirements, cash needs and availability of debt resources relative to acquisition plans, significant capital plans, and other working capital needs. See Note 5 to our Consolidated Financial Statements for more information related to our debt agreements.

Outstanding borrowings under the term loan facility were $206.5 million as of August 29, 2026. Outstanding borrowings under the revolving credit facility were $129.0 million as of August 29, 2026.

At August 29, 2026, we had a total of $2.6 million of ongoing letters of credit related to the senior credit facility, construction contracts and insurance collateral that expire in fiscal 2027 and reduce borrowing capacity under the revolving credit facility. As of August 29, 2026, the amount available for revolving borrowings was $318.4 million.

27

We acquire the use of certain assets through operating leases, such as property, manufacturing equipment, vehicles and other equipment. Future payments for such leases, excluding leases with initial terms of one year or less, were $53.0 million at August 29, 2026, with $7.9 million payable during the remainder of fiscal 2027.

As of August 29, 2026, we had $33.5 million of open purchase obligations, of which payments totaling $10.6 million are expected to become due during the remainder of fiscal 2027.

We are required, in the ordinary course of business, to provide surety or performance bonds that commit payments to our customers for any non-performance. At August 29, 2026, $1.2 billion of these types of bonds were outstanding, of which $264.3 million is in our backlog. These bonds have expiration dates that align with completion of the purchase order or contract. We have not been required to make any payments under these bonds with respect to our existing businesses.

Due to our ability to generate strong cash from operations and our borrowing capability under our committed revolving credit facility, we believe that our sources of liquidity will be adequate to meet our short-term and long-term liquidity and capital expenditure needs. In addition, we believe we have the ability to obtain both short-term and long-term debt to meet our financing needs, including additional sources of debt to finance potential acquisitions, for the foreseeable future. We also believe we will be able to operate our business so as to continue to be in compliance with our existing debt covenants over the next fiscal year.

We continually review our portfolio of businesses and their assets and how they support our business strategy and performance objectives. As part of this review, we may acquire other businesses, pursue geographic expansion, take actions to manage capacity and further invest in, divest and/or sell parts of our current businesses.

Related Party Transactions

No material changes have occurred in the disclosure with respect to our related party transactions set forth in our Annual Report on Form 10-K for the fiscal year ended February 28, 2026.

Critical Accounting Policies

There have been no significant changes to our critical accounting policies from those disclosed in our Annual Report on Form 10-K for the fiscal year ended February 28, 2026.

Item 3.Quantitative and Qualitative Disclosures About Market Risk

Refer to the Company’s Annual Report on Form 10-K for the fiscal year ended February 28, 2026, for a discussion of the Company’s market risk. There have been no material changes in market risk since February 28, 2026.

Item 4.Controls and Procedures

a)Evaluation of disclosure controls and procedures: As of the end of the period covered by this report (the Evaluation Date), we carried out an evaluation, under the supervision and with the participation of management, including the Chief Executive Officer and the Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rules 13a-15(e) or 15d-15(e) of the Securities Exchange Act of 1934, as amended (the Exchange Act)). Based upon that evaluation, the Chief Executive Officer and Chief Financial Officer concluded that, as of the Evaluation Date, our disclosure controls and procedures were effective to ensure that information required to be disclosed by the Company in the reports that it files or submits under the Exchange Act is (i) recorded, processed, summarized and reported within the time periods specified in applicable rules and forms, and (ii) accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, to allow timely decisions regarding required disclosure.

b)On July 1, 2026, we completed our acquisition of Kalwall. In accordance with Securities Exchange Commission guidance permitting a company to exclude an acquired business from management’s assessment of the effectiveness of internal control over financial reporting for the year in which the acquisition is completed, we have excluded Kalwall from our assessment of the effectiveness of internal control over financial reporting as of August 29, 2026. The assets and net sales of Kalwall that were excluded from our assessment constituted approximately 10% and 4%, respectively, of the related consolidated financial statement amounts as of and for the three months ended August 29, 2026. The scope of management’s assessment of the effectiveness of the design and operation of our disclosure controls and procedures as of August 29, 2026 includes all of our consolidated operations except for those disclosure controls and procedures of Kalwall. See Note 13 for additional information regarding the Kalwall acquisition. Based on

our assessment, the Company's management believes that, as of August 29, 2026, the Company's internal control over financial reporting was effective based on those criteria.

c)Changes in internal controls: There was no change in the Company’s internal control over financial reporting that occurred during the fiscal quarter ended August 29, 2026, that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.

28

PART II. OTHER INFORMATION

Item 1.Legal Proceedings

The Company is a party to various legal proceedings incidental to its normal operating activities. In particular, like others in the construction supply and services industry, the Company is routinely involved in various disputes and claims arising out of construction projects, sometimes involving significant monetary damages or product replacement. We have in the past and are currently subject to product liability and warranty claims, including certain legal claims related to a commercial sealant product formerly incorporated into our products.

The Company is also subject to litigation arising out of areas such as employment practices, workers compensation and general liability matters. Although it is very difficult to accurately predict the outcome of any such proceedings, facts currently available indicate that no matters will result in losses that would have a material adverse effect on the results of operations, cash flows or financial condition of the Company.

Item 1A.Risk Factors

There have been no significant changes or additions to our risk factors discussed in our Annual Report on Form 10-K for the fiscal year ended February 28, 2026.

Item 2.Unregistered Sales of Equity Securities and Use of Proceeds

The following table provides information with respect to purchases made by the Company of its own stock during the second quarter of fiscal 2027:

Period	Total Number of Shares Purchased (a)	Average Price Paid per Share		Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (b)	Maximum Number of Shares that May Yet Be Purchased under the Plans or Programs (b)
May 31, 2026 to June 27, 2026	169,420	$	39.09	169,420	1,370,291
June 28, 2026 to July 25, 2026	300	43.70		300	1,369,991
July 26, 2026 to August 29, 2026	—	—		—	1,369,991
Total	169,720	$	37.90	169,720	1,369,991

(a)This column includes shares repurchased pursuant to our publicly announced repurchase program and, to the extent applicable, shares that were surrendered by plan participants to satisfy withholding tax obligations related to share-based compensation.

(b)In fiscal 2004, announced on April 10, 2003, the Board of Directors authorized the repurchase of 1,500,000 shares of Company stock. The Board increased the authorization by 750,000 shares, announced on January 24, 2008; by 1,000,000 shares on each of the announcement dates of October 8, 2008, January 13, 2016, January 9, 2018, January 14, 2020, October 7, 2021, and June 22, 2022; and by 2,000,000 shares, on each of the announcement dates of October 3, 2018, January 14, 2022 and October 6, 2023. The repurchase program does not have an expiration date.

Item 5.    Other Information

Insider Adoption or Termination of Trading Arrangements

During the three months ended August 29, 2026, none of our directors or officers (as defined in Rule 16a-1(f) of the Exchange Act) adopted or terminated any “Rule 10b5-1 trading arrangement” or any “non-Rule 10b5-1 trading arrangement”, as each term is defined in Item 408(c) of Regulation S-K.

29

Item 6. Exhibits

2.1	Merger Agreement, dated as of May 27 2026, by and among Keller Companies, Inc., Robert Keller Family Trust (2007), Bruce M. Keller 2012 Irrevocable Trust, Richard R. Keller 2012 Irrevocable Trust, Ark 2012 Irrevocable Trust, Scott F. Keller 2012 Irrevocable Trust and Apogee Enterprises, Inc. Incorporate by reference to Exhibit 2.1 to Registrant's Current Report on Form 8-K filed on May 28, 2026.
3.1	Restated Articles of Incorporation. (Incorporated by reference to Exhibit 3.1 to Registrant's Annual Report on Form 10-K for the year-ended February 28, 2004.)
3.2	Articles of Amendment to Restated Articles of Incorporation. Incorporated by reference to Exhibit 3.1 to Registrant's Current Report on Form 8-K filed on January 16, 2020.
3.3	Amended and Restated Bylaws of Apogee Enterprises, Inc. (Incorporated by reference to Exhibit 3.3 to the Registrant’s Quarterly Report on Form 10-Q filed on July 1, 2021.)
31.1#	Certification of Chief Executive Officer pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934.
31.2#	Certification of Chief Financial Officer pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934.
32.1#	Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2#	Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101#	The following materials from Apogee Enterprises, Inc.’s Quarterly Report on Form 10-Q for the quarter ended August 29, 2026, formatted in iXBRL (Inline Extensible Business Reporting Language): (i) the Consolidated Balance Sheets as of August 29, 2026 and February 28, 2026, (ii) the Consolidated Results of Operations for the three and six months ended August 29, 2026 and August 30, 2025, (iii) the Consolidated Statements of Comprehensive Earnings for the three and six months ended August 29, 2026 and August 30, 2025, (iv) the Consolidated Statements of Cash Flows for the six-months ended August 29, 2026 and August 30, 2025, (v) the Consolidated Statements of Shareholders' Equity for the three and six months ended August 29, 2026 and August 30, 2025, and (vi) Notes to Consolidated Financial Statements.
104#	Cover Page Interactive Data File (formatted as iXBRL and contained in Exhibit 101)
	Exhibits marked with a (#) sign are filed herewith.

30

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	APOGEE ENTERPRISES, INC.
Date: October 6, 2026	By: /s/ Donald A. Nolan
		Donald A. Nolan Executive Chair and Chief Executive Officer (Principal Executive Officer)

Date: October 6, 2026	By: /s/ Mark R. Augdahl
		Mark R. Augdahl Executive Vice President and Chief Financial Officer (Principal Financial and Accounting Officer)

31

EX-31.1

Exhibit 31.1

CERTIFICATION

I, Donald A. Nolan, certify that:

1.I have reviewed this quarterly report on Form 10-Q of Apogee Enterprises, Inc.;

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a)    designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b)    designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c)    evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d)    disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a)    all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b)    any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: Date: October 6, 2026

/s/ Donald A. Nolan

Donald A. Nolan

Executive Chair, President and Chief Executive Officer

EX-31.2

Exhibit 31.2

CERTIFICATION

I, Mark R. Augdahl, certify that:

1.I have reviewed this quarterly report on Form 10-Q of Apogee Enterprises, Inc.;

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a.designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b.designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c.evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d.disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a.all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b.any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: Date: October 6, 2026

/s/ Mark R. Augdahl

Mark R. Augdahl

Executive Vice President and Chief Financial Officer

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Apogee Enterprises, Inc. (the “Company”) on Form 10-Q for the period ended August 29, 2026 as filed with the Securities and Exchange Commission (the “Report”), I, Donald A. Nolan, Executive Chair, President and Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that based on my knowledge:

(1)The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2)The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

 /s/ Donald A. Nolan

Donald A. Nolan
Executive Chair, President and Chief Executive Officer

Date: October 6, 2026

EX-32.2

Exhibit 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Apogee Enterprises, Inc. (the “Company”) on Form 10-Q for the period ended August 29, 2026 as filed with the Securities and Exchange Commission (the “Report”), I, Mark R. Augdahl, Executive Vice President and Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that based on my knowledge:

(1)The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2)The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ Mark R. Augdahl

Mark R. Augdahl
Executive Vice President and Chief Financial Officer

Date: October 6, 2026

XML

Cover Page - shares	6 Months Ended
	Aug. 29, 2026	Oct. 02, 2026
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Aug. 29, 2026
Document Transition Report	false
Entity File Number	0-6365
Entity Registrant Name	APOGEE ENTERPRISES, INC.
Entity Incorporation, State or Country Code	MN
Entity Tax Identification Number	41-0919654
Entity Address, Address Line One	4400 West 78th Street, Suite 520
Entity Address, City or Town	Minneapolis
Entity Address, State or Province	MN
Entity Address, Postal Zip Code	55435
City Area Code	952
Local Phone Number	835-1874
Title of 12(b) Security	Common stock, par value $0.33 1/3 per share
Trading Symbol	APOG
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		20,895,599
Entity Central Index Key	0000006845
Amendment Flag	false
Document Fiscal Year Focus	2027
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--02-27

XML

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Aug. 29, 2026	Feb. 28, 2026
Current assets
Cash and cash equivalents	$ 36,529	$ 39,523
Receivables, net	206,327	198,516
Inventories, net	116,760	98,059
Contract assets	68,806	59,512
Other current assets	43,888	43,823
Total current assets	472,310	439,433
Property, plant and equipment, net	277,349	255,032
Operating lease right-of-use assets	42,534	48,736
Goodwill	255,499	236,744
Intangible assets, net	154,383	111,261
Other non-current assets	42,029	31,139
Total assets	1,244,104	1,122,345
Current liabilities
Accounts payable	89,423	105,478
Accrued compensation and benefits	45,506	39,667
Contract liabilities	59,343	60,903
Operating lease liabilities	14,618	14,729
Other current liabilities	55,749	46,079
Total current liabilities	264,639	266,856
Long-term debt	335,545	232,279
Non-current operating lease liabilities	32,351	39,375
Non-current self-insurance reserves	26,866	24,914
Other non-current liabilities	61,369	47,127
Commitments and contingent liabilities (Note 6)
Shareholders’ equity
Common stock of $0.33-1/3 par value; authorized 50,000,000 shares; issued and outstanding 20,893,469 and 21,220,350, respectively	6,964	7,073
Additional paid-in capital	160,039	159,085
Retained earnings	386,047	376,438
Accumulated other comprehensive loss	(29,716)	(30,802)
Total shareholders’ equity	523,334	511,794
Total liabilities and shareholders’ equity	$ 1,244,104	$ 1,122,345

XML

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Aug. 29, 2026	Feb. 28, 2026
Statement of Financial Position [Abstract]
Common stock, par value (in usd per share)	$ 0.33	$ 0.33
Common stock, authorized (in shares)	50,000,000	50,000,000
Common stock, issued (in shares)	20,893,469	21,220,350
Common stock, outstanding (in shares)	20,893,469	21,220,350

XML

CONSOLIDATED RESULTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 29, 2026	Aug. 30, 2025	Aug. 29, 2026	Aug. 30, 2025
Income Statement [Abstract]
Net sales	$ 391,135	$ 358,194	$ 733,820	$ 704,816
Cost of sales	294,970	275,587	562,624	547,084
Gross profit	96,165	82,607	171,196	157,732
Selling, general and administrative expenses	62,679	55,719	118,870	123,913
Operating income	33,486	26,888	52,326	33,819
Interest expense, net	3,554	4,075	6,388	7,921
Other income, net	485	5,140	412	4,458
Earnings before income taxes	30,417	27,953	46,350	30,356
Income tax expense	8,037	4,304	12,433	9,394
Net earnings	$ 22,380	$ 23,649	$ 33,917	$ 20,962
Basic earnings per share (in usd per share)	$ 1.08	$ 1.10	$ 1.62	$ 0.98
Diluted earnings per share (in usd per share)	$ 1.07	$ 1.10	$ 1.61	$ 0.97
Weighted average basic shares outstanding (in shares)	20,722	21,408	20,884	21,373
Weighted average diluted shares outstanding (in shares)	20,901	21,590	21,014	21,562

XML

CONSOLIDATED STATEMENTS OF COMPREHENSIVE EARNINGS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 29, 2026	Aug. 30, 2025	Aug. 29, 2026	Aug. 30, 2025
Statement of Comprehensive Income [Abstract]
Net earnings	$ 22,380	$ 23,649	$ 33,917	$ 20,962
Other comprehensive earnings:
Unrealized (loss) gain on marketable securities, net of $(24), (2), (53) and $8 of tax (benefit) expense, respectively	(91)	(7)	(199)	28
Unrealized (loss) gain on derivative instruments, net of $(483), (144), 357 and $(176) of tax (benefit) expense, respectively	(1,441)	(388)	1,021	(482)
Foreign currency translation adjustments	(36)	479	264	3,146
Other comprehensive (loss) earnings	(1,568)	84	1,086	2,692
Total comprehensive earnings	$ 20,812	$ 23,733	$ 35,003	$ 23,654

XML

CONSOLIDATED STATEMENTS OF COMPREHENSIVE EARNINGS (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 29, 2026	Aug. 30, 2025	Aug. 29, 2026	Aug. 30, 2025
Statement of Comprehensive Income [Abstract]
Unrealized (loss) on marketable securities, tax (benefit)	$ (24)	$ (2)	$ (53)	$ 8
Unrealized (loss) on derivative instruments, tax (benefit)	$ (483)	$ (144)	$ 357	$ (176)

XML

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Aug. 29, 2026	Aug. 30, 2025
Operating Activities
Net earnings	$ 33,917	$ 20,962
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:
Depreciation and amortization	26,569	24,943
Share-based compensation	4,927	2,773
Deferred income taxes	3,494	17,214
Impairment of long-lived assets	0	7,418
Settlement of New Markets Tax Credit transaction	0	(4,597)
Non-cash lease expense	6,064	5,474
Other, net	4,137	4,129
Changes in operating assets and liabilities:
Receivables	4,666	(9,204)
Inventories	(9,931)	(9,735)
Contract assets	(9,379)	10,518
Accounts payable	(15,576)	(2,575)
Accrued compensation and benefits	2,971	(9,681)
Contract liabilities	(1,621)	15,734
Operating lease liability	(6,952)	(4,608)
Accrued income taxes	2,426	(11,008)
Other current assets and liabilities	(2,453)	(20,477)
Net cash provided by operating activities	43,259	37,280
Investing Activities
Capital expenditures	(17,796)	(11,827)
Purchases of marketable securities	(7,418)	(200)
Acquisition of business, net of cash acquired	(99,574)	0
Other, net	2,957	1,144
Net cash used in investing activities	(121,831)	(10,883)
Financing Activities
Proceeds from revolving credit facilities	161,000	76,000
Repayment on revolving credit facilities	(54,867)	(91,000)
Repayment of term loans	(2,867)	0
Repurchase of common stock	(16,099)	0
Dividends paid	(11,175)	(11,043)
Other, net	(1,117)	(3,087)
Net cash provided by (used in) financing activities	74,875	(29,130)
Effect of exchange rates on cash	702	811
Decrease in cash and cash equivalents	(2,994)	(1,922)
Cash and cash equivalents at beginning of period	39,523	41,448
Cash and cash equivalents at end of period	36,529	39,526
Non-cash Activity
Capital expenditures in accounts payable	$ 1,348	$ 2,202

XML

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands	Total	Common Stock at Par Value	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive (Loss) Income
Beginning balance (in shares) at Mar. 01, 2025		21,418,000
Beginning balance at Mar. 01, 2025	$ 487,898	$ 7,139	$ 156,075	$ 359,976	$ (35,292)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	(2,688)			(2,688)
Other comprehensive income, net of tax	2,608				2,608
Issuance of stock, net of cancellations (in shares)		182,000
Issuance of stock, net of cancellations		$ 61	(61)
Share-based compensation	2,300		2,300
Other share retirements (in shares)		(67,000)
Other share retirements	(2,815)	$ (22)	(526)	(2,267)
Cash dividends	(5,520)			(5,520)
Ending balance (in shares) at May. 31, 2025		21,533,000
Ending balance at May. 31, 2025	481,783	$ 7,178	157,788	349,501	(32,684)
Beginning balance (in shares) at Mar. 01, 2025		21,418,000
Beginning balance at Mar. 01, 2025	487,898	$ 7,139	156,075	359,976	(35,292)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	20,962
Ending balance (in shares) at Aug. 30, 2025		21,515,000
Ending balance at Aug. 30, 2025	500,215	$ 7,172	158,065	367,578	(32,600)
Beginning balance (in shares) at May. 31, 2025		21,533,000
Beginning balance at May. 31, 2025	481,783	$ 7,178	157,788	349,501	(32,684)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	23,649			23,649
Other comprehensive income, net of tax	84				84
Cancellations of stock, net of issuance (in shares)		(16,000)
Cancellations of stock, net of issuance	(189)	$ (5)	(184)
Share-based compensation	474		474
Other share retirements (in shares)		(2,000)
Other share retirements	(63)	$ (1)	(13)	(49)
Cash dividends	(5,523)			(5,523)
Ending balance (in shares) at Aug. 30, 2025		21,515,000
Ending balance at Aug. 30, 2025	$ 500,215	$ 7,172	158,065	367,578	(32,600)
Beginning balance (in shares) at Feb. 28, 2026	21,220,350	21,220,000
Beginning balance at Feb. 28, 2026	$ 511,794	$ 7,073	159,085	376,438	(30,802)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	11,535			11,535
Other comprehensive income, net of tax	2,654				2,654
Issuance of stock, net of cancellations (in shares)		123,000
Issuance of stock, net of cancellations	(68)	$ 41	(109)
Share-based compensation	2,309		2,309
Share repurchases (in shares)		(259,000)
Share repurchases	(9,654)	$ (86)	(2,069)	(7,499)
Other share retirements (in shares)		(22,000)
Other share retirements	(921)	$ (7)	(173)	(741)
Cash dividends	(5,630)			(5,630)
Ending balance (in shares) at May. 30, 2026		21,062,000
Ending balance at May. 30, 2026	$ 512,019	$ 7,021	159,043	374,103	(28,148)
Beginning balance (in shares) at Feb. 28, 2026	21,220,350	21,220,000
Beginning balance at Feb. 28, 2026	$ 511,794	$ 7,073	159,085	376,438	(30,802)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	$ 33,917
Ending balance (in shares) at Aug. 29, 2026	20,893,469	20,893,000
Ending balance at Aug. 29, 2026	$ 523,334	$ 6,964	160,039	386,047	(29,716)
Beginning balance (in shares) at May. 30, 2026		21,062,000
Beginning balance at May. 30, 2026	512,019	$ 7,021	159,043	374,103	(28,148)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	22,380			22,380
Other comprehensive income, net of tax	(1,568)				(1,568)
Issuance of stock, net of cancellations (in shares)		1,000
Issuance of stock, net of cancellations	(91)	$ 0	(91)
Share-based compensation	2,618		2,618
Share repurchases (in shares)		(169,000)
Share repurchases	(6,445)	$ (57)	(1,526)	(4,862)
Other share retirements (in shares)		(1,000)
Other share retirements	(34)	$ 0	(5)	(29)
Cash dividends	$ (5,545)			(5,545)
Ending balance (in shares) at Aug. 29, 2026	20,893,469	20,893,000
Ending balance at Aug. 29, 2026	$ 523,334	$ 6,964	$ 160,039	$ 386,047	$ (29,716)

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CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Unaudited) (Parenthetical) - $ / shares	3 Months Ended			6 Months Ended
	Aug. 29, 2026	May 30, 2026	May 31, 2025	Aug. 30, 2025
Statement of Stockholders' Equity [Abstract]
Common dividends (in dollars per share)	$ 0.27	$ 0.27	$ 0.26	$ 0.26

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Summary of Significant Accounting Policies

6 Months Ended

Aug. 29, 2026

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Summary of Significant Accounting Policies

Basis of presentation

The consolidated financial statements of Apogee Enterprises, Inc. (Apogee, we, us, our or the Company) have been prepared in accordance with accounting principles generally accepted in the United States (U.S. GAAP). The information included in this Form 10-Q should be read in conjunction with the Company’s Form 10-K for the year ended February 28, 2026. We use the same accounting policies in preparing quarterly and annual financial statements. All adjustments necessary for a fair presentation of quarterly and year to date operating results are reflected herein. The results of operations for the three and six month period ended August 29, 2026, are not necessarily indicative of the results to be expected for the full year.

Accounting standards not yet adopted

In November 2024, the FASB issued ASU 2024-03, Disaggregation of Income Statement Expenses. This guidance requires entities to disclose more detailed information about the types of expenses, including purchases of inventory, employee compensation, depreciation, amortization, and depletion in commonly presented expense captions such as cost of sales and selling, general and administrative (SG&A) expenses. Such guidance is effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027, although early adoption is permitted. This guidance should be applied either prospectively to financial statements issued for reporting periods after the effective date of this ASU or retrospectively to any or all prior periods presented in the financial statements. While the adoption of this ASU will not have an impact on our financial position and/or results of operations, we are currently evaluating the impact this ASU may have on our consolidated financial statement disclosures, including the processes and controls around the collection of this information.

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Revenue, Receivables and Contract Assets and Liabilities

6 Months Ended

Aug. 29, 2026

Revenue from Contract with Customer [Abstract]

Revenue, Receivables and Contract Assets and Liabilities

Revenue, Receivables and Contract Assets and Liabilities

Revenue

The following table disaggregates total revenue by timing of recognition (see Note 12 for disclosure of revenue by segment):

	Three Months Ended				Six Months Ended
(In thousands)	August 29, 2026		August 30, 2025		August 29, 2026		August 30, 2025
Recognized at shipment	$	214,752	$	171,681	$	380,762	$	329,837
Recognized over time (input method)	108,849		118,134		224,845		237,357
Recognized over time (output method)	67,534		68,379		128,213		137,622
Total	$	391,135	$	358,194	$	733,820	$	704,816

Receivables

Receivables reflected in the financial statements represent the net amount expected to be collected. An allowance for credit losses is established based on expected losses. Expected losses are estimated by reviewing individual accounts, considering aging, financial condition of the debtor, recent payment history, current and forecasted economic conditions and other relevant factors. Upon billing, aging of receivables is monitored until collection. An account is considered current when it is within agreed upon payment terms. An account is written off when it is determined that the amount is no longer collectible.

(In thousands)	August 29, 2026		February 28, 2026
Trade accounts	$	147,505	$	111,679
Construction contracts	61,005		88,445
Total receivables	208,510		200,124
Less: allowance for credit losses	2,183		1,608
Receivables, net	$	206,327	$	198,516

The following table summarizes the activity in the allowance for credit losses for the six months ended August 29, 2026:

(In thousands)	August 29, 2026
Beginning balance	$	1,608
Credits against costs and expenses	152
Deductions from allowance, net of recoveries	(97)
Allowance for credit losses from acquisitions	520
Ending balance	$	2,183

Contract assets and liabilities

Contract assets consist of retainage, costs and earnings in excess of billings and other unbilled amounts typically generated when revenue recognized exceeds the amount billed to the customer. Retainage on construction contracts represents amounts withheld by our customers on long-term projects until the project reaches a level of completion where amounts are released to us from the customer. Contract liabilities consist of billings in excess of costs and earnings and other deferred revenue on contracts.

The time period between when performance obligations are complete and payment is due is not significant. In certain parts of our business that recognize revenue over time, progress billings follow an agreed-upon schedule of values.

(In thousands)	August 29, 2026		February 28, 2026
Contract assets	$	68,806	$	59,512
Contract liabilities	59,343		60,903

Other contract-related disclosures

	Three Months Ended				Six Months Ended
(In thousands)	August 29, 2026		August 30, 2025		August 29, 2026		August 30, 2025
Revenue recognized related to contract liabilities from prior year-end	$	8,933	$	21,499	$	51,537	$	28,329
Revenue recognized related to prior satisfaction of performance obligations	1,386		1,935		627		2,408

Some of our contracts have an expected duration of longer than a year, with performance obligations extending over that time frame. The transaction price associated with performance obligations that were not yet satisfied as of August 29, 2026, will be recognized as revenue in the following estimated time periods:

(In thousands)	August 29, 2026
Within one year	$	444,374
Between one and two years	289,941
Beyond two years	100,948
Total	$	835,263

Due to the nature of the work required under these long-term contracts, the estimation of total revenue and costs of sales is subject to many variables and requires significant judgment. We estimate variable consideration at the most likely amount to which we expect to be entitled. Our final cost of sales estimates are based largely on our assessments of anticipated performance and all information (historical, current and forecasted) that is reasonably available to us. Changes in estimated revenue, cost of sales and the related effect on operating income are recognized using a cumulative catch-up adjustment, which recognizes in the current period the cumulative effect of the changes on current and prior periods based on a long-term contracts percentage of completion. When the current estimates of total revenues and costs at completion for a long-term contract indicate a loss, a provision for the entire loss on the long-term contract is recognized.

The net cumulative catch-up adjustments on our longer-term contracts for changes in estimates had the following effect on the respective periods shown:

(in thousands, except earnings per share data)	Three Months Ended				Six Months Ended
	August 29, 2026		August 30, 2025		August 29, 2026		August 30, 2025
Operating income	$	1,532	$	731	$	863	$	799
Earnings per share:
Basic	0.06		0.03		0.03		0.03
Diluted	0.06		0.03		0.03		0.03

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Supplemental Balance Sheet Information

6 Months Ended

Aug. 29, 2026

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Supplemental Balance Sheet Information

Supplemental Balance Sheet Information

Inventories

Inventories	August 29, 2026		February 28, 2026
Raw materials	$	53,740	$	43,441
Work-in-process	23,658		18,089
Finished goods	39,362		36,529
Total inventories, net	$	116,760	$	98,059

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Financial Assets and Liabilities

6 Months Ended

Aug. 29, 2026

Marketable Securities [Abstract]

Financial Assets and Liabilities

Financial Assets and Liabilities

Marketable securities

Through our wholly-owned insurance subsidiary, Prism Assurance, Ltd. (Prism), we hold the following available-for-sale marketable securities, made up of fixed-maturity investments:

(In thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
August 29, 2026	$	19,420	$	3	$	326	$	19,097
February 28, 2026	14,989		23		94		14,918

Prism insures a portion of our general liability, workers’ compensation and automobile liability risks using third-party agreements to meet statutory requirements. The reinsurance carrier requires Prism to maintain fixed-maturity investments, for the purpose of providing collateral for Prism's obligations under the reinsurance agreements.

The amortized cost and estimated fair values of these investments at August 29, 2026, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities, as borrowers may have the right to call or prepay obligations with or without penalty. Investments that are due within one year are included in other current assets while those due after one year are included as other non-current assets. Gross realized gains and losses were insignificant for all periods presented.

(In thousands)	Amortized Cost		Estimated Fair Value
Due within one year	$	5,964	$	5,925
Due after one year through five years	9,186		9,044
Due after five years through 10 years	4,270		4,128
Total	$	19,420	$	19,097

Derivative instruments

We may use interest rate swaps, currency put options, forward purchase contracts, or other instruments to manage risks generally associated with foreign exchange rate, interest rate and commodity price fluctuations. The information that follows explains the various types of derivatives and financial instruments used, how such instruments are accounted for, and how such instruments impact our financial position and performance.

We have entered into interest rate swaps with a total notional value of $175.0 million, with expiration dates throughout fiscal 2030, to hedge a portion of our exposure to variability in cash flows from interest payments on our floating-rate revolving credit facility.

We have also entered into multiple aluminum commodity swap contracts with an aggregate notional value of $27.2 million to hedge a portion of our exposure to variability in cash flows associated with forecasted aluminum purchases. These swap contracts mature over the next twelve months, with final settlements occurring by May 2027.

The mark-to-market adjustments on these derivative instruments are recorded within our Consolidated Balance Sheets within other current assets or other current liabilities. Gains or losses associated with these instruments are recorded as a component within the Consolidated Statements of Comprehensive Earnings until which time the hedged transaction is settled and gains or losses are recorded in net earnings.

Fair value measurements

Financial assets and liabilities are classified in the fair value hierarchy based on the lowest level input that is significant to the fair value measurement: Level 1 (unadjusted quoted prices in active markets for identical assets or liabilities); Level 2 (observable market inputs, other than quoted prices included in Level 1); and Level 3 (unobservable inputs that cannot be corroborated by observable market data). We do not have any Level 3 financial assets or liabilities.

Financial assets and liabilities measured at fair value on a recurring basis were:

(In thousands)	Quoted Prices in Active Markets (Level 1)		Other Observable Inputs (Level 2)		Total Fair Value
August 29, 2026
Assets:
Money market funds	$	24,546	$	—	$	24,546
Municipal bonds	—		19,097		19,097
Aluminum hedging contract	—		692		692
Interest rate swap contracts	—		603		603
Liabilities:
Interest rate swap contracts	—		124		124
February 28, 2026
Assets:
Money market funds	$	31,662	$	—	$	31,662
Municipal bonds	—		14,918		14,918
Aluminum hedging contract	—		401		401
Liabilities:
Interest rate swap contracts	—		701		701

Money market funds

Fair value of money market funds was determined based on quoted prices for identical assets in active markets. These assets are included within cash and cash equivalents on our Consolidated Balance Sheets.

Municipal bonds

Municipal bonds were measured at fair value based on market prices from recent trades of similar securities and are classified within our Consolidated Balance Sheets as other current or other non-current assets based on maturity date.

Derivative instruments

Interest rate swaps are measured at fair value using other observable market inputs, based off benchmark interest rates. Forward purchase aluminum contracts are measured at fair value using other observable market inputs. Derivative positions are primarily valued using standard calculations and models that use as their basis readily observable market parameters. Industry standard data providers are our primary source for forward and spot rate information for interest and currency rates and aluminum prices.

Nonrecurring fair value measurements

We measure certain long‑lived assets — including goodwill, intangible assets, property and equipment, and right‑of‑use lease assets — at fair value on a nonrecurring basis when indicators of impairment are present. These assets, initially recorded at fair value upon acquisition or purchase, are evaluated periodically, and if impairment indicators exist, we compare their carrying values to their estimated fair values and recognize an impairment charge for any excess carrying value.

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Debt

6 Months Ended

Aug. 29, 2026

Debt Disclosure [Abstract]

Debt

Debt

We are party to a Credit Agreement (the Credit Agreement) with Bank of America, N.A., as administrative agent, and other lenders. The Credit Agreement provides for an unsecured senior credit facility in an aggregate principal amount of up to $700.0 million, in which commitments were made through a $450.0 million, five-year floating rate revolving credit facility and a committed $250.0 million delayed draw term loan facility. Borrowings under the revolving credit facility can be in Canadian dollars (CAD) limited to $25.0 million USD. The senior credit facility has a term of five years with a maturity date of July 19, 2029.

The Credit Agreement contains two maintenance financial covenants that require our Consolidated Leverage Ratio (as defined in the Credit Agreement) to be less than 3.50 and our Consolidated Interest Coverage Ratio (as defined in the Credit Agreement) to exceed 3.00. At August 29, 2026, we were in compliance with all covenants as defined under the terms of the Credit Agreement.

Borrowings under the Credit Agreement bear floating interest at either the Base Rate or Term Secured Overnight Financing Rate (SOFR), or, for CAD borrowings, Canadian Overnight Repo Rate Average (CORRA), plus a margin based on the Consolidated Leverage Ratio (as defined in the Credit Agreement). For Base Rate borrowings, the margin ranges from 0.25% to 0.75%. For Term SOFR and CORRA borrowings, the margin ranges from 1.25% to 1.75%, with an incremental Term SOFR and CORRA adjustment of 0.10% and 0.29547%, respectively.

Outstanding borrowings under the term loan facility and current floating rate revolving facility were $206.5 million and $129.0 million, respectively, as of August 29, 2026. At August 29, 2026, we had a total of $2.6 million of ongoing letters of credit related to the senior credit facility, construction contracts and insurance collateral that expire in fiscal 2027 and reduce borrowing capacity under the floating rate revolving credit facility to an amount of $318.4 million.

Interest payments under the credit facilities were $6.7 million and $9.0 million for the six months ended August 29, 2026 and August 30, 2025, respectively. The weighted average interest rates on borrowings outstanding, inclusive of the impact of our interest rate swaps as of August 29, 2026, and February 28, 2026, were 4.45% and 4.44%, respectively.

	Three Months Ended				Six Months Ended
(In thousands)	August 29, 2026		August 30, 2025		August 29, 2026		August 30, 2025
Interest on debt	$	3,988	$	4,612	$	7,038	$	9,094
Interest rate swap expense (income)	113		(132)		198		(313)
Other interest expense	102		187		294		302
Interest income	(649)		(591)		(1,142)		(1,163)
Interest expense, net	$	3,554	$	4,076	$	6,388	$	7,920

The fair value of our senior credit facility approximated carrying value at August 29, 2026, and would be classified as Level 2 within the fair value hierarchy described in Note 4, due to the variable interest rates on these instruments.

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Commitments and Contingent Liabilities

6 Months Ended

Aug. 29, 2026

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingent Liabilities

Commitments and Contingent Liabilities

Bond commitments

In the ordinary course of business, predominantly in our Architectural Services Segment, we are required to provide surety or performance bonds that commit payments to our customers for non-performance against our contracts. At August 29, 2026, $1.2 billion of these types of bonds were outstanding, of which $264.3 million is in our backlog. These bonds have expiration dates that align with the completion of these contracts. We have never been required to make payments under surety or performance bonds with respect to our existing businesses.

Warranty and project-related contingencies

We reserve estimated exposures on known claims, as well as on a portion of anticipated claims, for product warranty and rework cost, based on historical product liability claims as a ratio of sales. Claim costs are deducted from the accrual when paid. Factors that could have an impact on these accruals in any given period include changes in manufacturing quality, changes in product mix, and any significant changes in sales volume.

	Six Months Ended
(In thousands)	August 29, 2026
Beginning balance	$	12,903
Additional provision	3,790
Acquired reserves from acquisitions	1,479
Claims paid	(2,449)
Ending balance	$	15,723

Additionally, we are subject to project management and installation-related contingencies as a result of our fixed-price material supply and installation service contracts, primarily in our Architectural Services Segment and in certain parts of our Architectural Metals Segment. We manage the risk of these exposures through contract negotiations, proactive project management and insurance coverages.

Letters of credit

At August 29, 2026, we had $2.6 million of ongoing letters of credit as discussed in Note 5.

Purchase obligations

Purchase obligations for raw material commitments and capital expenditures totaled $33.5 million as of August 29, 2026.

Litigation

The Company is a party to various legal proceedings incidental to its normal operating activities. In particular, like others in the construction supply and services industry, the Company is routinely involved in various disputes and claims arising out of construction projects, sometimes involving significant monetary damages or product replacement. We have in the past and are currently subject to product liability and warranty claims, including certain legal claims related to a commercial sealant product formerly incorporated into our products.

The Company is also subject to litigation arising out of areas such as employment practices, workers compensation and general liability matters. Although it is very difficult to accurately predict the outcome of any such proceedings, facts currently available indicate that no matters will result in losses that would have a material adverse effect on the results of operations, cash flows or financial condition of the Company.

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Supplier Finance Program Obligations

6 Months Ended

Aug. 29, 2026

Payables and Accruals [Abstract]

Supplier Finance Program Obligations

Supplier Finance Program Obligations

We have a supplier financing arrangement that enables select suppliers, at their sole discretion, to sell our receivables (i.e., our payment obligations to the suppliers) on a non-recourse basis in order to be paid earlier than our payment terms provide. These suppliers’ voluntary inclusion of invoices in the supplier financing arrangement has no bearing on our payment terms, the amounts we pay, or our liquidity. We have no economic interest in the supplier’s decision to participate in the supplier financing program, and we do not provide any guarantees in connection with it. The balances owed are reflected in accounts payable in the Consolidated Balance Sheets and are reflected in operating activities in our Consolidated Statements of Cash Flows when settled.

The following table summarizes the obligation activity and outstanding balance for the six months ended August 29, 2026, that we have confirmed as valid to the administrators of our program:

(In thousands)	August 29, 2026
Balance at beginning of period	$	7,857
Obligations added to the program	26,087
Obligations settled	(24,624)
Balance at end of period	$	9,320

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Shareholders' Equity

6 Months Ended

Aug. 29, 2026

Equity [Abstract]

Shareholders' Equity

Shareholders' Equity

We paid dividends totaling $11.2 million ($0.54 per share) in the first six months of fiscal 2027, compared to dividends paid of $11.0 million ($0.52 per share) in the comparable prior year period.

During fiscal 2004, the Board of Directors authorized a share repurchase program allowing us to repurchase shares of our outstanding common stock, with subsequent increases in authorization. During the six months ended August 29, 2026, we repurchased 428,220 shares under the program, for a total of $16.1 million. No shares were repurchased during the six months ended August 30, 2025. We have repurchased a total of 12,880,009 shares, at a total cost of $469.3 million, since the inception of this program in fiscal 2004. We have remaining authority to repurchase 1,369,991 shares under this program, which has no expiration date. We may elect to repurchase additional shares of common stock under our authorization, subject to limitations contained in our debt agreements and based upon our assessment of a number of factors, including share price, trading volume and general market conditions, working capital requirements, general business conditions, financial conditions, any applicable contractual limitations, and other factors, including alternative investment opportunities. We may finance share repurchases with available cash, additional debt or other sources of financing.

Additionally, shares withheld from the vesting of restricted awards, or the settlement of performance-based awards, are treated as purchases and retirements, and are included within Other, net in the financing activities section in the Consolidated Statement of Cash Flows.

The Company maintains a Junior Preferred Stock plan, under which 200,000 shares of $1.00 par value junior preferred stock are authorized, with zero shares issued and outstanding as of August 29, 2026.

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Share-Based Compensation

6 Months Ended

Aug. 29, 2026

Share-Based Payment Arrangement [Abstract]

Share-Based Compensation

Share-Based Compensation

As part of our compensation structure, we grant stock-based compensation awards to certain employees and non-employee directors during the fiscal year. We have a 2019 Stock Incentive Plan and a 2019 Non-Employee Director Stock Plan (the Plans) that provide for the issuance of 2,950,000 and 300,000 shares, respectively, for various forms of stock-based compensation to employees and non-employee directors. Awards under these Plans may be in the form of incentive stock options (to employees only), non-statutory options, stock-settled stock appreciation rights (SARs), restricted stock awards, or performance share unit awards, all of which are granted at a price or with an exercise price equal to the fair market value of the Company’s stock at the date of award.

We recorded share-based compensation expense, in which we account for any forfeitures as they occur, as follows:

	Three Months Ended				Six Months Ended
(In thousands)	August 29, 2026		August 30, 2025		August 29, 2026		August 30, 2025
Restricted stock awards and restricted stock units	$	2,390	$	1,598	$	4,472	$	3,186
Performance share units	227		(1,124)		455		(413)
Share-based compensation expense	$	2,617	$	474	$	4,927	$	2,773

At August 29, 2026, there was $13.0 million of total unrecognized compensation cost related to nonvested share and nonvested share unit awards, which is expected to be recognized over a weighted average period of approximately 1.7 years. The total fair value of shares vested during the six months ended August 29, 2026, was $3.3 million.

The table below sets forth the number of stock-based compensation awards granted during the six months ended August 29, 2026, along with the weighted average grant date fair value:

Awards	Number of Awards	Weighted Average Grant Date Fair Value
Restricted stock awards and restricted stock units(1)	166,957	$	37.08
Performance share units (2)	37,596	$	35.42

(1)

Represent service condition awards which generally vest over a two- or three-year period.

(2)

Represent performance condition awards with the grant equal to the target number of performance shares based on the share price at grant date. These grants allow for the right to receive a variable number of shares, between 0% and 200% of target, dependent on being employed at the end of the performance period and achieving defined performance goals for average adjusted return on invested capital and cumulative adjusted earnings per share.

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Income Taxes

6 Months Ended

Aug. 29, 2026

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

The Company files income tax returns in the U.S. (federal and certain states), Canada, Brazil and other international jurisdictions and is generally subject to limited audit activity. The Internal Revenue Service is in the process of conducting a U.S. federal examination for fiscal year 2023.

For the three months ended August 29, 2026, income tax expense as a percentage of earnings before income taxes was 26.4%, compared to 15.4% for the same period last year. The increase in the effective tax rate was primarily attributable to non-recurring favorable discrete tax items recognized in the prior year. For the six months ended August 29, 2026, income tax expense as a percentage of earnings before income tax was 26.8% compared to 30.9% for the same period last year due to lower earnings before income tax in the prior year.

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Earnings per Share

6 Months Ended

Aug. 29, 2026

Earnings Per Share [Abstract]

Earnings per Share

Earnings per Share

Basic earnings per share is computed by dividing net earnings by the weighted average number of common shares outstanding. Diluted earnings per share is computed by dividing net earnings by the weighted average number of common shares outstanding, including the dilutive effects of stock options, SARs and nonvested shares.

The following table presents a reconciliation of the share amounts used in the computation of basic and diluted earnings per share:

	Three Months Ended		Six Months Ended
(In thousands)	August 29, 2026	August 30, 2025	August 29, 2026	August 30, 2025
Basic earnings per share – weighted common shares outstanding	20,722	21,408	20,884	21,373
Weighted average effect of nonvested share grants and assumed exercise of stock options	179	182	130	189
Diluted earnings per share – weighted common shares and potential common shares outstanding	20,901	21,590	21,014	21,562
Stock awards excluded from the calculation of earnings per share because the exercise price was greater than the average market price of the common shares	79	230	118	215

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Business Segment Data

6 Months Ended

Aug. 29, 2026

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 segment net sales and adjusted 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 expense, net, 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 of the segment including sales related to intersegment transactions. We present intersegment net sales 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 29, 2026
(In thousands)	Architectural Metals		Architectural Services		Architectural Glass		Performance Surfaces
Net sales to external customers	$	143,520	$	108,464	$	83,894	$	55,257
Intersegment net sales	—		—		3,529		—
Total segment net sales	143,520		108,464		87,423		55,257
Adjusted cost of sales (1)	(101,895)		(91,956)		(66,080)		(37,421)
Adjusted SG&A (2)	(23,020)		(11,060)		(12,558)		(9,355)
Depreciation and amortization	3,511		801		4,207		3,929
Adjusted EBITDA	$	22,116	$	6,249	$	12,992	$	12,410

	Three Months Ended August 30, 2025
(In thousands)	Architectural Metals		Architectural Services		Architectural Glass		Performance Surfaces
Net sales to external customers	$	140,922	$	100,490	$	68,392	$	48,390
Intersegment net sales	13		—		3,789		—
Total segment net sales	140,935		100,490		72,181		48,390
Adjusted cost of sales (1)	(100,178)		(85,968)		(53,213)		(31,941)
Adjusted SG&A (2)	(23,681)		(10,417)		(10,644)		(9,017)
Depreciation and amortization	3,752		911		3,323		3,789
Adjusted EBITDA	$	20,828	$	5,016	$	11,647	$	11,221

	Six Months Ended August 29, 2026
(In thousands)	Architectural Metals		Architectural Services		Architectural Glass		Performance Surfaces
Net sales to external customers	$	265,954	$	223,700	$	144,585	$	99,581
Intersegment net sales	9		—		10,552		—
Total segment net sales	265,963		223,700		155,137		99,581
Adjusted cost of sales (1)	(191,948)		(190,866)		(120,959)		(69,334)
Adjusted SG&A (2)	(45,264)		(22,048)		(22,998)		(19,139)
Depreciation and amortization	7,065		1,599		7,705		7,879
Adjusted EBITDA	$	35,816	$	12,385	$	18,885	$	18,987

	Six Months Ended August 30, 2025
(In thousands)	Architectural Metals		Architectural Services		Architectural Glass		Performance Surfaces
Net sales to external customers	$	269,519	$	206,995	$	137,662	$	90,640
Intersegment net sales	40		—		7,792		—
Total segment net sales	269,559		206,995		145,454		90,640
Adjusted cost of sales (1)	(197,782)		(176,630)		(104,973)		(60,157)
Adjusted SG&A (2)	(49,148)		(21,264)		(22,010)		(18,642)
Depreciation and amortization	7,566		1,983		6,593		7,338
Adjusted EBITDA	$	30,195	$	11,084	$	25,064	$	19,179

(1)	There were no adjustments to cost of sales related to acquisition expense for the three and six months ended August 29, 2026, and adjusted cost of sales excludes $3.3 million and $10.3 million related to acquisition and restructuring expense for the three and six months ended August 30, 2025.
(2)	Adjusted SG&A expense excludes $1.0 million related to acquisition expense for the three and six months ended August 29, 2026, and excludes $1.0 million and $7.0 million related to acquisition and restructuring expense for the three and six months ended August 30, 2025. Adjusted SG&A includes adjusted Other income and (expense).

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 29, 2026		August 30, 2025		August 29, 2026		August 30, 2025
Segment adjusted EBITDA	$	53,767	$	48,712	$	86,073	$	85,522
Corporate and Other expenses (1)	(5,567)		(4,474)		(6,528)		(9,603)
Segment acquisition-related costs (2)	(1,038)		(1,187)		(1,038)		(1,464)
Segment restructuring costs (3)	—		(3,113)		—		(15,832)
Depreciation and amortization	(13,191)		(12,507)		(25,769)		(24,943)
Other income (4)	—		4,597		—		4,597
Interest expense, net	(3,554)		(4,075)		(6,388)		(7,921)
Income tax expense	(8,037)		(4,304)		(12,433)		(9,394)
Net earnings	$	22,380	$	23,649	$	33,917	$	20,962

(1)	Includes $1.3 million and $2.1 million in acquisition related costs incurred at Corporate for the Keller Companies, Inc. (Kalwall) in the three and six months ended August 29, 2026. Includes $0.1 million and $0.2 million of acquisition related costs and $0.0 million and $2.6 million of restructuring costs in the three and six months ended August 30, 2025.
(2)	Acquisition-related costs incurred to integrate Kalwall during the three and six months ended August 29, 2026, and UW Solutions during the three and six months ended August 30, 2025.
(3)	Restructuring charges related to Project Fortify.
(4)	New Markets Tax Credit (NMTC) gain recognized in the three and six months ended August 30, 2025.

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Acquisitions

6 Months Ended

Aug. 29, 2026

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Acquisitions

Acquisition

On July 1, 2026, we completed the acquisition of Kalwall for $104.7 million in cash and an estimated $7.5 million of contingent consideration in the form of an earn-out. Kalwall is a U.S.-based, vertically integrated manufacturer of high-performance translucent day lighting solutions. The Kalwall business activity is included in our Glass Segment.

The total purchase consideration was $112.2 million of cash and contingent consideration, net of a preliminary net working capital adjustment of $0.8 million and cash acquired of $5.1 million. The acquisition was funded with borrowings under our existing credit facility. During the three-month and six-month period ended August 29, 2026, we incurred acquisition costs of $1.6 million and $2.4 million, respectively, which are included in selling, general and administrative expenses in our Consolidated Results of Operations.

The purchase of Kawall includes contingent consideration of up to $10 million, which may be earned this fiscal year upon achieving certain financial targets. As of August 29, 2026, fair value of this contingent consideration is estimated to be $7.5 million, which is included in other current liabilities in our Consolidated Balance Sheet.

We accounted for the acquisition as a purchase of a business and recorded the excess of the purchase price over the estimated fair value of the assets acquired and liabilities assumed as goodwill of $18.9 million. The goodwill recognized is attributable primarily to expected synergies and by providing a more comprehensive glass and substrate offering for the building envelope market by integrating Kalwall into our Glass Segment. The transaction was structured as a stock acquisition; therefore, the associated goodwill is not deductible for tax purposes. We have provisionally determined the fair values of the acquired intangible assets and the economic lives of the assets acquired. We assigned $34.3 million to customer relationships to be amortized over a 15-year expected life, based on Kalwall's historical customer attrition rates. We assigned $13.1 million to trade names to be amortized over a 15-year expected life. We assigned $2.4 million to contract backlog to be amortized over a 6-month expected life.

The following table presents the preliminary estimated fair values of assets acquired and liabilities assumed at the acquisition date:

(In thousands)
Assets:
Cash and cash equivalents	$	5,105
Receivables, net	12,460
Inventories, net	8,735
Other current assets	2,042
Property, plant, and equipment	27,282
Intangible assets	49,800
Goodwill	18,936
Total Assets	124,360
Liabilities:
Accounts payable	2,314
Accrued compensation and benefits	2,893
Other current liabilities	13,558
Other non-current liabilities	918
Total Liabilities	19,683
Net assets recorded	$	104,677

The impact of the acquisition of Kalwall on our consolidated results of operations for the three-month and six-month period ended on August 29, 2026 was $16.4 million of net sales and $0.9 million of net earnings. The net sales and net earnings represent approximately eight weeks of operating results, and include transaction and integration-related costs, interest and the net tax effect.

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Restructuring

6 Months Ended

Aug. 29, 2026

Restructuring and Related Activities [Abstract]

Restructuring

Restructuring

Project Fortify, announced in the fourth quarter of fiscal 2024, was a restructuring program designed to streamline operations, improve cost efficiency, and enhance the Company’s operating model, primarily within the Architectural Metals Segment. The program was completed in the fourth quarter of fiscal 2025. A second phase of Project Fortify (Phase 2) was announced during the first quarter of fiscal 2026, and focused on driving additional cost efficiencies and further optimizing the Company’s operating footprint and resource alignment.

During the second quarter of fiscal 2026, we incurred $3.1 million of pre-tax costs associated with Phase 2, of which $3.0 million was included in cost of sales and $0.1 million was included within SG&A. During the first six months of fiscal 2026, we incurred $18.5 million of pre-tax costs associated with Phase 2, of which, $9.9 million was included in cost of sales and $8.6 million was included within SG&A. During the first six months of fiscal 2026, SG&A charges include a $5.0 million non-cash intangible asset impairment charge in the Architectural Services Segment and a $2.6 million non-cash asset write-off and other charges in Corporate and Other. The actions associated with Phase 2 were substantially completed in the fourth quarter of fiscal 2026, and therefore no further activity occurred during the first six months of fiscal 2027.

The table below reflects the pretax impact of Project Fortify Phase 2 for the quarter ended August 30, 2025.

(In thousands)	Architectural Metals		Architectural Services		Corporate and Other		Total
August 30, 2025
Termination benefits	$	—	$	476	$	—	$	476
Contract termination costs	201		1,659		—		1,860
Other restructuring charges	154		623		10		787
Total restructuring charges	$	355	$	2,758	$	10	$	3,123

The table below reflects the pretax impact of Project Fortify Phase 2 for the six months ended August 30, 2025.

(In thousands)	Architectural Metals		Architectural Services		Corporate and Other		Total
August 30, 2025
Termination benefits	$	805	$	6,424	$	—	$	7,229
Contract termination costs	802		1,932		—		2,734
Other restructuring charges	218		5,650		2,641		8,509
Total restructuring charges	$	1,825	$	14,006	$	2,641	$	18,472

The following table summarizes our restructuring related accrual balances included within accrued payroll and related benefits and other current liabilities in the Consolidated Balance Sheets. All remaining accrual balances are expected to be paid within fiscal 2027.

(In thousands)	Architectural Metals		Architectural Services		Corporate and Other		Total
Balance at February 28, 2026	$	3,581	$	2,311	$	1,082	$	6,974
Payments	(1,576)		(297)		(956)		(2,829)
Other adjustments	(182)		(67)		—		(249)
Balance at August 29, 2026	$	1,823	$	1,947	$	126	$	3,896

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Subsequent Events

6 Months Ended

Aug. 29, 2026

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

On September 18, 2026, we completed the acquisition of SIA “Alzette”, the parent company of SIA “GroGlass” (“Groglass”), a Latvia-based provider of high-performance glass surface solutions specializing in anti-reflective and other advanced coating technologies, for up to €62.5 million on a cash-free, debt-free basis, subject to certain customary purchase price adjustments. The purchase price includes up to €10 million in contingent consideration payable based on Groglass achieving specified financial performance targets during the three-year period following closing. The acquisition was funded with borrowings under our existing credit facility. Groglass will be integrated into our Performance Surfaces Segment, and its results will be included in our consolidated results of operations from the acquisition date. Due to the proximity of the acquisition date to the filing date of this Form 10-Q, the Company has not yet completed the valuation analyses necessary to determine the fair value of assets acquired and liabilities assumed and as a result, the disclosures required by ASC 805 are not yet complete. The Company expects to finalize purchase accounting during the measurement period and provide required disclosure information in future filings.

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Insider Trading Arrangements	3 Months Ended
	Aug. 29, 2026
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

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Summary of Significant Accounting Policies (Policies)

6 Months Ended

Aug. 29, 2026

Accounting Policies [Abstract]

Basis of presentation

Basis of presentation

The consolidated financial statements of Apogee Enterprises, Inc. (Apogee, we, us, our or the Company) have been prepared in accordance with accounting principles generally accepted in the United States (U.S. GAAP). The information included in this Form 10-Q should be read in conjunction with the Company’s Form 10-K for the year ended February 28, 2026. We use the same accounting policies in preparing quarterly and annual financial statements. All adjustments necessary for a fair presentation of quarterly and year to date operating results are reflected herein. The results of operations for the three and six month period ended August 29, 2026, are not necessarily indicative of the results to be expected for the full year.

Accounting standards not yet adopted

Accounting standards not yet adopted

In November 2024, the FASB issued ASU 2024-03, Disaggregation of Income Statement Expenses. This guidance requires entities to disclose more detailed information about the types of expenses, including purchases of inventory, employee compensation, depreciation, amortization, and depletion in commonly presented expense captions such as cost of sales and selling, general and administrative (SG&A) expenses. Such guidance is effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027, although early adoption is permitted. This guidance should be applied either prospectively to financial statements issued for reporting periods after the effective date of this ASU or retrospectively to any or all prior periods presented in the financial statements. While the adoption of this ASU will not have an impact on our financial position and/or results of operations, we are currently evaluating the impact this ASU may have on our consolidated financial statement disclosures, including the processes and controls around the collection of this information.

Money market funds, Municipal bonds, Derivative instruments and Nonrecurring fair value measurements

Money market funds

Fair value of money market funds was determined based on quoted prices for identical assets in active markets. These assets are included within cash and cash equivalents on our Consolidated Balance Sheets.

Municipal bonds

Municipal bonds were measured at fair value based on market prices from recent trades of similar securities and are classified within our Consolidated Balance Sheets as other current or other non-current assets based on maturity date.

Derivative instruments

Interest rate swaps are measured at fair value using other observable market inputs, based off benchmark interest rates. Forward purchase aluminum contracts are measured at fair value using other observable market inputs. Derivative positions are primarily valued using standard calculations and models that use as their basis readily observable market parameters. Industry standard data providers are our primary source for forward and spot rate information for interest and currency rates and aluminum prices.

Nonrecurring fair value measurements

We measure certain long‑lived assets — including goodwill, intangible assets, property and equipment, and right‑of‑use lease assets — at fair value on a nonrecurring basis when indicators of impairment are present. These assets, initially recorded at fair value upon acquisition or purchase, are evaluated periodically, and if impairment indicators exist, we compare their carrying values to their estimated fair values and recognize an impairment charge for any excess carrying value.

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Revenue, Receivables and Contract Assets and Liabilities (Tables)

6 Months Ended

Aug. 29, 2026

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregates Total Revenue by Timing of Recognition

The following table disaggregates total revenue by timing of recognition (see Note 12 for disclosure of revenue by segment):

	Three Months Ended				Six Months Ended
(In thousands)	August 29, 2026		August 30, 2025		August 29, 2026		August 30, 2025
Recognized at shipment	$	214,752	$	171,681	$	380,762	$	329,837
Recognized over time (input method)	108,849		118,134		224,845		237,357
Recognized over time (output method)	67,534		68,379		128,213		137,622
Total	$	391,135	$	358,194	$	733,820	$	704,816

Schedule of Receivables

(In thousands)	August 29, 2026		February 28, 2026
Trade accounts	$	147,505	$	111,679
Construction contracts	61,005		88,445
Total receivables	208,510		200,124
Less: allowance for credit losses	2,183		1,608
Receivables, net	$	206,327	$	198,516

Schedule of Allowance for Credit Losses

The following table summarizes the activity in the allowance for credit losses for the six months ended August 29, 2026:

(In thousands)	August 29, 2026
Beginning balance	$	1,608
Credits against costs and expenses	152
Deductions from allowance, net of recoveries	(97)
Allowance for credit losses from acquisitions	520
Ending balance	$	2,183

Schedule of Other Contract-Related Disclosures

(In thousands)	August 29, 2026		February 28, 2026
Contract assets	$	68,806	$	59,512
Contract liabilities	59,343		60,903

	Three Months Ended				Six Months Ended
(In thousands)	August 29, 2026		August 30, 2025		August 29, 2026		August 30, 2025
Revenue recognized related to contract liabilities from prior year-end	$	8,933	$	21,499	$	51,537	$	28,329
Revenue recognized related to prior satisfaction of performance obligations	1,386		1,935		627		2,408

Schedule of Performance Obligations Expected to be Satisfied

The transaction price associated with performance obligations that were not yet satisfied as of August 29, 2026, will be recognized as revenue in the following estimated time periods:

(In thousands)	August 29, 2026
Within one year	$	444,374
Between one and two years	289,941
Beyond two years	100,948
Total	$	835,263

Schedule of Impact of Adjustments on Operating Income

The net cumulative catch-up adjustments on our longer-term contracts for changes in estimates had the following effect on the respective periods shown:

(in thousands, except earnings per share data)	Three Months Ended				Six Months Ended
	August 29, 2026		August 30, 2025		August 29, 2026		August 30, 2025
Operating income	$	1,532	$	731	$	863	$	799
Earnings per share:
Basic	0.06		0.03		0.03		0.03
Diluted	0.06		0.03		0.03		0.03

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Supplemental Balance Sheet Information (Tables)

6 Months Ended

Aug. 29, 2026

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Inventories

Inventories

Inventories	August 29, 2026		February 28, 2026
Raw materials	$	53,740	$	43,441
Work-in-process	23,658		18,089
Finished goods	39,362		36,529
Total inventories, net	$	116,760	$	98,059

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Financial Assets and Liabilities (Tables)

6 Months Ended

Aug. 29, 2026

Marketable Securities [Abstract]

Schedule of Available-for-Sale Marketable Securities

Through our wholly-owned insurance subsidiary, Prism Assurance, Ltd. (Prism), we hold the following available-for-sale marketable securities, made up of fixed-maturity investments:

(In thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
August 29, 2026	$	19,420	$	3	$	326	$	19,097
February 28, 2026	14,989		23		94		14,918

Schedule of Amortized Cost and Estimated Fair Values of Investments by Contractual Maturity

The amortized cost and estimated fair values of these investments at August 29, 2026, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities, as borrowers may have the right to call or prepay obligations with or without penalty. Investments that are due within one year are included in other current assets while those due after one year are included as other non-current assets. Gross realized gains and losses were insignificant for all periods presented.

(In thousands)	Amortized Cost		Estimated Fair Value
Due within one year	$	5,964	$	5,925
Due after one year through five years	9,186		9,044
Due after five years through 10 years	4,270		4,128
Total	$	19,420	$	19,097

Schedule of Fair Value Measurements

Financial assets and liabilities measured at fair value on a recurring basis were:

(In thousands)	Quoted Prices in Active Markets (Level 1)		Other Observable Inputs (Level 2)		Total Fair Value
August 29, 2026
Assets:
Money market funds	$	24,546	$	—	$	24,546
Municipal bonds	—		19,097		19,097
Aluminum hedging contract	—		692		692
Interest rate swap contracts	—		603		603
Liabilities:
Interest rate swap contracts	—		124		124
February 28, 2026
Assets:
Money market funds	$	31,662	$	—	$	31,662
Municipal bonds	—		14,918		14,918
Aluminum hedging contract	—		401		401
Liabilities:
Interest rate swap contracts	—		701		701

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Debt (Tables)

6 Months Ended

Aug. 29, 2026

Debt Disclosure [Abstract]

Schedule of Interest Expense

	Three Months Ended				Six Months Ended
(In thousands)	August 29, 2026		August 30, 2025		August 29, 2026		August 30, 2025
Interest on debt	$	3,988	$	4,612	$	7,038	$	9,094
Interest rate swap expense (income)	113		(132)		198		(313)
Other interest expense	102		187		294		302
Interest income	(649)		(591)		(1,142)		(1,163)
Interest expense, net	$	3,554	$	4,076	$	6,388	$	7,920

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Commitments and Contingent Liabilities (Tables)

6 Months Ended

Aug. 29, 2026

Commitments and Contingencies Disclosure [Abstract]

Schedule of Guarantees and warranties

	Six Months Ended
(In thousands)	August 29, 2026
Beginning balance	$	12,903
Additional provision	3,790
Acquired reserves from acquisitions	1,479
Claims paid	(2,449)
Ending balance	$	15,723

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Supplier Finance Program Obligations (Tables)

6 Months Ended

Aug. 29, 2026

Payables and Accruals [Abstract]

Schedule of Obligation Activity and Outstanding Balances

The following table summarizes the obligation activity and outstanding balance for the six months ended August 29, 2026, that we have confirmed as valid to the administrators of our program:

(In thousands)	August 29, 2026
Balance at beginning of period	$	7,857
Obligations added to the program	26,087
Obligations settled	(24,624)
Balance at end of period	$	9,320

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Share-Based Compensation (Tables)

6 Months Ended

Aug. 29, 2026

Share-Based Payment Arrangement [Abstract]

Schedule of Share-Based Compensation Expense

We recorded share-based compensation expense, in which we account for any forfeitures as they occur, as follows:

	Three Months Ended				Six Months Ended
(In thousands)	August 29, 2026		August 30, 2025		August 29, 2026		August 30, 2025
Restricted stock awards and restricted stock units	$	2,390	$	1,598	$	4,472	$	3,186
Performance share units	227		(1,124)		455		(413)
Share-based compensation expense	$	2,617	$	474	$	4,927	$	2,773

Schedule of Stock-Based Compensation Awards Granted and Weighted Average Grant Date Fair Value

The table below sets forth the number of stock-based compensation awards granted during the six months ended August 29, 2026, along with the weighted average grant date fair value:

Awards	Number of Awards	Weighted Average Grant Date Fair Value
Restricted stock awards and restricted stock units(1)	166,957	$	37.08
Performance share units (2)	37,596	$	35.42

(1)

Represent service condition awards which generally vest over a two- or three-year period.

(2)

Represent performance condition awards with the grant equal to the target number of performance shares based on the share price at grant date. These grants allow for the right to receive a variable number of shares, between 0% and 200% of target, dependent on being employed at the end of the performance period and achieving defined performance goals for average adjusted return on invested capital and cumulative adjusted earnings per share.

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Earnings per Share (Tables)

6 Months Ended

Aug. 29, 2026

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Earnings Per Share

The following table presents a reconciliation of the share amounts used in the computation of basic and diluted earnings per share:

	Three Months Ended		Six Months Ended
(In thousands)	August 29, 2026	August 30, 2025	August 29, 2026	August 30, 2025
Basic earnings per share – weighted common shares outstanding	20,722	21,408	20,884	21,373
Weighted average effect of nonvested share grants and assumed exercise of stock options	179	182	130	189
Diluted earnings per share – weighted common shares and potential common shares outstanding	20,901	21,590	21,014	21,562
Stock awards excluded from the calculation of earnings per share because the exercise price was greater than the average market price of the common shares	79	230	118	215

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Business Segment Data (Tables)

6 Months Ended

Aug. 29, 2026

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

	Three Months Ended August 29, 2026
(In thousands)	Architectural Metals		Architectural Services		Architectural Glass		Performance Surfaces
Net sales to external customers	$	143,520	$	108,464	$	83,894	$	55,257
Intersegment net sales	—		—		3,529		—
Total segment net sales	143,520		108,464		87,423		55,257
Adjusted cost of sales (1)	(101,895)		(91,956)		(66,080)		(37,421)
Adjusted SG&A (2)	(23,020)		(11,060)		(12,558)		(9,355)
Depreciation and amortization	3,511		801		4,207		3,929
Adjusted EBITDA	$	22,116	$	6,249	$	12,992	$	12,410

	Three Months Ended August 30, 2025
(In thousands)	Architectural Metals		Architectural Services		Architectural Glass		Performance Surfaces
Net sales to external customers	$	140,922	$	100,490	$	68,392	$	48,390
Intersegment net sales	13		—		3,789		—
Total segment net sales	140,935		100,490		72,181		48,390
Adjusted cost of sales (1)	(100,178)		(85,968)		(53,213)		(31,941)
Adjusted SG&A (2)	(23,681)		(10,417)		(10,644)		(9,017)
Depreciation and amortization	3,752		911		3,323		3,789
Adjusted EBITDA	$	20,828	$	5,016	$	11,647	$	11,221

	Six Months Ended August 29, 2026
(In thousands)	Architectural Metals		Architectural Services		Architectural Glass		Performance Surfaces
Net sales to external customers	$	265,954	$	223,700	$	144,585	$	99,581
Intersegment net sales	9		—		10,552		—
Total segment net sales	265,963		223,700		155,137		99,581
Adjusted cost of sales (1)	(191,948)		(190,866)		(120,959)		(69,334)
Adjusted SG&A (2)	(45,264)		(22,048)		(22,998)		(19,139)
Depreciation and amortization	7,065		1,599		7,705		7,879
Adjusted EBITDA	$	35,816	$	12,385	$	18,885	$	18,987

	Six Months Ended August 30, 2025
(In thousands)	Architectural Metals		Architectural Services		Architectural Glass		Performance Surfaces
Net sales to external customers	$	269,519	$	206,995	$	137,662	$	90,640
Intersegment net sales	40		—		7,792		—
Total segment net sales	269,559		206,995		145,454		90,640
Adjusted cost of sales (1)	(197,782)		(176,630)		(104,973)		(60,157)
Adjusted SG&A (2)	(49,148)		(21,264)		(22,010)		(18,642)
Depreciation and amortization	7,566		1,983		6,593		7,338
Adjusted EBITDA	$	30,195	$	11,084	$	25,064	$	19,179

(1)	There were no adjustments to cost of sales related to acquisition expense for the three and six months ended August 29, 2026, and adjusted cost of sales excludes $3.3 million and $10.3 million related to acquisition and restructuring expense for the three and six months ended August 30, 2025.
(2)	Adjusted SG&A expense excludes $1.0 million related to acquisition expense for the three and six months ended August 29, 2026, and excludes $1.0 million and $7.0 million related to acquisition and restructuring expense for the three and six months ended August 30, 2025. Adjusted SG&A includes adjusted Other income and (expense).

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 29, 2026		August 30, 2025		August 29, 2026		August 30, 2025
Segment adjusted EBITDA	$	53,767	$	48,712	$	86,073	$	85,522
Corporate and Other expenses (1)	(5,567)		(4,474)		(6,528)		(9,603)
Segment acquisition-related costs (2)	(1,038)		(1,187)		(1,038)		(1,464)
Segment restructuring costs (3)	—		(3,113)		—		(15,832)
Depreciation and amortization	(13,191)		(12,507)		(25,769)		(24,943)
Other income (4)	—		4,597		—		4,597
Interest expense, net	(3,554)		(4,075)		(6,388)		(7,921)
Income tax expense	(8,037)		(4,304)		(12,433)		(9,394)
Net earnings	$	22,380	$	23,649	$	33,917	$	20,962

(1)	Includes $1.3 million and $2.1 million in acquisition related costs incurred at Corporate for the Keller Companies, Inc. (Kalwall) in the three and six months ended August 29, 2026. Includes $0.1 million and $0.2 million of acquisition related costs and $0.0 million and $2.6 million of restructuring costs in the three and six months ended August 30, 2025.
(2)	Acquisition-related costs incurred to integrate Kalwall during the three and six months ended August 29, 2026, and UW Solutions during the three and six months ended August 30, 2025.
(3)	Restructuring charges related to Project Fortify.
(4)	New Markets Tax Credit (NMTC) gain recognized in the three and six months ended August 30, 2025.

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Acquisitions (Tables)

6 Months Ended

Aug. 29, 2026

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Schedule of Estimated Fair Values of Assets Acquired and Liabilities Assumed

The following table presents the preliminary estimated fair values of assets acquired and liabilities assumed at the acquisition date:

(In thousands)
Assets:
Cash and cash equivalents	$	5,105
Receivables, net	12,460
Inventories, net	8,735
Other current assets	2,042
Property, plant, and equipment	27,282
Intangible assets	49,800
Goodwill	18,936
Total Assets	124,360
Liabilities:
Accounts payable	2,314
Accrued compensation and benefits	2,893
Other current liabilities	13,558
Other non-current liabilities	918
Total Liabilities	19,683
Net assets recorded	$	104,677

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Restructuring (Tables)

6 Months Ended

Aug. 29, 2026

Restructuring and Related Activities [Abstract]

Schedule of Restructuring

The table below reflects the pretax impact of Project Fortify Phase 2 for the quarter ended August 30, 2025.

(In thousands)	Architectural Metals		Architectural Services		Corporate and Other		Total
August 30, 2025
Termination benefits	$	—	$	476	$	—	$	476
Contract termination costs	201		1,659		—		1,860
Other restructuring charges	154		623		10		787
Total restructuring charges	$	355	$	2,758	$	10	$	3,123

The table below reflects the pretax impact of Project Fortify Phase 2 for the six months ended August 30, 2025.

(In thousands)	Architectural Metals		Architectural Services		Corporate and Other		Total
August 30, 2025
Termination benefits	$	805	$	6,424	$	—	$	7,229
Contract termination costs	802		1,932		—		2,734
Other restructuring charges	218		5,650		2,641		8,509
Total restructuring charges	$	1,825	$	14,006	$	2,641	$	18,472

Schedule of Restructuring Reserve

The following table summarizes our restructuring related accrual balances included within accrued payroll and related benefits and other current liabilities in the Consolidated Balance Sheets. All remaining accrual balances are expected to be paid within fiscal 2027.

(In thousands)	Architectural Metals		Architectural Services		Corporate and Other		Total
Balance at February 28, 2026	$	3,581	$	2,311	$	1,082	$	6,974
Payments	(1,576)		(297)		(956)		(2,829)
Other adjustments	(182)		(67)		—		(249)
Balance at August 29, 2026	$	1,823	$	1,947	$	126	$	3,896

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Revenue, Receivables and Contract Assets and Liabilities - Schedule of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 29, 2026	Aug. 30, 2025	Aug. 29, 2026	Aug. 30, 2025
Disaggregation of Revenue [Line Items]
Total	$ 391,135	$ 358,194	$ 733,820	$ 704,816
Recognized at shipment
Disaggregation of Revenue [Line Items]
Total	214,752	171,681	380,762	329,837
Recognized over time (input method)
Disaggregation of Revenue [Line Items]
Total	108,849	118,134	224,845	237,357
Recognized over time (output method)
Disaggregation of Revenue [Line Items]
Total	$ 67,534	$ 68,379	$ 128,213	$ 137,622

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Revenue, Receivables and Contract Assets and Liabilities Accounts - Schedule of Receivable (Details) - USD ($) $ in Thousands	Aug. 29, 2026	Feb. 28, 2026
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total receivables	$ 208,510	$ 200,124
Less: allowance for credit losses	2,183	1,608
Receivables, net	206,327	198,516
Trade accounts
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total receivables	147,505	111,679
Construction contracts
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total receivables	$ 61,005	$ 88,445

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Revenue, Receivables and Contract Assets and Liabilities - Schedule of Allowance for Credit Losses (Details) $ in Thousands	6 Months Ended
	Aug. 29, 2026 USD ($)
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 1,608
Credits against costs and expenses	152
Deductions from allowance, net of recoveries	(97)
Allowance for credit losses from acquisitions	520
Ending balance	$ 2,183

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Revenue, Receivables and Contract Assets and Liabilities - Schedule of Contract Assets and Liabilities (Details) - USD ($) $ in Thousands	Aug. 29, 2026	Feb. 28, 2026
Revenue Recognition and Deferred Revenue [Abstract]
Contract assets	$ 68,806	$ 59,512
Contract liabilities	$ 59,343	$ 60,903

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Revenue, Receivables and Contract Assets and Liabilities - Schedule of Other Contract-Related Disclosures (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 29, 2026	Aug. 30, 2025	Aug. 29, 2026	Aug. 30, 2025
Revenue from Contract with Customer [Abstract]
Revenue recognized related to contract liabilities from prior year-end	$ 8,933	$ 21,499	$ 51,537	$ 28,329
Revenue recognized related to prior satisfaction of performance obligations	$ 1,386	$ 1,935	$ 627	$ 2,408

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Revenue, Receivables and Contract Assets and Liabilities - Schedule of Other contract-related disclosures (Details) $ in Thousands	Aug. 29, 2026 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue to be recognized	$ 835,263
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-08-30
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Expected timing of satisfaction	1 year
Revenue to be recognized	$ 444,374
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-08-30
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Expected timing of satisfaction	2 years
Revenue to be recognized	$ 289,941
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2029-08-30
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Expected timing of satisfaction
Revenue to be recognized	$ 100,948

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Revenue, Receivables and Contract Assets and Liabilities - Schedule of Impact of Adjustments on Operating Income (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 29, 2026	Aug. 30, 2025	Aug. 29, 2026	Aug. 30, 2025
Disaggregation of Revenue [Line Items]
Operating income	$ 33,486	$ 26,888	$ 52,326	$ 33,819
Earnings per share:
Basic (in usd per share)	$ 1.08	$ 1.10	$ 1.62	$ 0.98
Diluted (in usd per share)	$ 1.07	$ 1.10	$ 1.61	$ 0.97
Revision of Prior Period, Adjustment
Disaggregation of Revenue [Line Items]
Operating income	$ 1,532	$ 731	$ 863	$ 799
Earnings per share:
Basic (in usd per share)	$ 0.06	$ 0.03	$ 0.03	$ 0.03
Diluted (in usd per share)	$ 0.06	$ 0.03	$ 0.03	$ 0.03

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Supplemental Balance Sheet Information (Details) - USD ($) $ in Thousands	Aug. 29, 2026	Feb. 28, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Raw materials	$ 53,740	$ 43,441
Work-in-process	23,658	18,089
Finished goods	39,362	36,529
Total inventories, net	$ 116,760	$ 98,059

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Financial Assets and Liabilities - Schedule of Available-for-Sale Marketable Securities (Details) - USD ($) $ in Thousands	Aug. 29, 2026	Feb. 28, 2026
Debt Securities, Available-for-sale [Line Items]
Total	$ 19,420
Estimated Fair Value	19,097	$ 14,918
Municipal and Corporate Bonds
Debt Securities, Available-for-sale [Line Items]
Total	19,420	14,989
Gross Unrealized Gains	3	23
Gross Unrealized Losses	326	94
Estimated Fair Value	$ 19,097	$ 14,918

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Financial Assets and Liabilities - Schedule of Amortized Cost and Estimated Fair Values of Investments by Contractual Maturity (Details) - USD ($) $ in Thousands	Aug. 29, 2026	Feb. 28, 2026
Amortized Cost
Due within one year	$ 5,964
Due after one year through five years	9,186
Due after five years through 10 years	4,270
Total	19,420
Estimated Fair Value
Due within one year	5,925
Due after one year through five years	9,044
Due after five years through 10 years	4,128
Total	$ 19,097	$ 14,918

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Financial Assets and Liabilities - Additional Information (Details) - Designated as Hedging Instrument $ in Millions	Aug. 29, 2026 USD ($)
Interest rate swap contracts
Derivatives, Fair Value [Line Items]
Notional value	$ 175.0
Commodity Swap Contracts
Derivatives, Fair Value [Line Items]
Notional value	$ 27.2

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Financial Assets and Liabilities -Schedule of Fair Value Measurements (Details) - USD ($) $ in Thousands	Aug. 29, 2026	Feb. 28, 2026
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	$ 24,546	$ 31,662
Municipal bonds	19,097	14,918
Aluminum hedging contract
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	692	401
Interest rate swap contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	603
Derivative liabilities	124	701
Quoted Prices in Active Markets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	24,546	31,662
Municipal bonds	0	0
Quoted Prices in Active Markets (Level 1) | Aluminum hedging contract
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	0
Quoted Prices in Active Markets (Level 1) | Interest rate swap contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0
Derivative liabilities	0	0
Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	0	0
Municipal bonds	19,097	14,918
Other Observable Inputs (Level 2) | Aluminum hedging contract
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	692	401
Other Observable Inputs (Level 2) | Interest rate swap contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	603
Derivative liabilities	$ 124	$ 701

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Debt - Additional Information (Details)		6 Months Ended
	Jul. 19, 2024 USD ($)	Aug. 29, 2026 USD ($)	Aug. 30, 2025 USD ($)	Feb. 28, 2026
Line of Credit Facility [Line Items]
Letters of credit outstanding, amount		$ 2,600,000
Interest payments		$ 6,700,000	$ 9,000,000.0
Interest rate swap contracts
Line of Credit Facility [Line Items]
Weighted average interest rates		4.45%		4.44%
Line of Credit | Minimum | Base Rate
Line of Credit Facility [Line Items]
Basis spread		0.25%
Line of Credit | Minimum | Term SOFR and CORRA
Line of Credit Facility [Line Items]
Basis spread		1.25%
Line of Credit | Minimum | Incremental Term SOFR and CORRA Adjustment
Line of Credit Facility [Line Items]
Basis spread		0.10%
Line of Credit | Maximum | Base Rate
Line of Credit Facility [Line Items]
Basis spread		0.75%
Line of Credit | Maximum | Term SOFR and CORRA
Line of Credit Facility [Line Items]
Basis spread		1.75%
Line of Credit | Maximum | Incremental Term SOFR and CORRA Adjustment
Line of Credit Facility [Line Items]
Basis spread		0.29547%
Line of Credit | Revolving credit facility
Line of Credit Facility [Line Items]
Maximum debt-to-EBITDA ratio		3.50
Minimum ratio of EBITDA-to-interest expense		3.00
Outstanding borrowings		$ 129,000,000.0
Amount of available commitment		318,400,000
Unsecured Senior Credit Facility | Line of Credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 700,000,000.0
Debt instrument term	5 years
Unsecured Senior Credit Facility | Line of Credit | Revolving credit facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 450,000,000.0
Debt instrument term	5 years
Unsecured Senior Credit Facility | Line of Credit | Term Loan Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 250,000,000.0
Outstanding borrowings		$ 206,500,000
Unsecured Senior Credit Facility | Line of Credit | Revolving Credit Facility - CAD
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 25,000,000.0

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Debt - Schedule of Interest Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 29, 2026	Aug. 30, 2025	Aug. 29, 2026	Aug. 30, 2025
Debt Disclosure [Abstract]
Interest on debt	$ 3,988	$ 4,612	$ 7,038	$ 9,094
Interest rate swap expense (income)	113	(132)	198	(313)
Other interest expense	102	187	294	302
Interest income	(649)	(591)	(1,142)	(1,163)
Interest expense, net	$ 3,554	$ 4,076	$ 6,388	$ 7,920

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Commitments and Contingent Liabilities - Additional Information (Details) $ in Millions	Aug. 29, 2026 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Face value of performance bonds	$ 1,200.0
Companies backlog related to sales	264.3
Letters of credit outstanding, amount	2.6
Purchase obligations	$ 33.5

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Commitments and Contingent Liabilities - Schedule of Guarantees and warranties (Details) $ in Thousands	6 Months Ended
	Aug. 29, 2026 USD ($)
Guarantees and warranties
Beginning balance	$ 12,903
Additional provision	3,790
Acquired reserves from acquisitions	1,479
Claims paid	(2,449)
Ending balance	$ 15,723

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Supplier Finance Program Obligations (Details) $ in Thousands	6 Months Ended
	Aug. 29, 2026 USD ($)
Supplier Finance Program, Obligation [Roll Forward]
Balance at beginning of period	$ 7,857
Obligations added to the program	26,087
Obligations settled	(24,624)
Balance at end of period	$ 9,320

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Shareholders' Equity (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended		230 Months Ended
	Aug. 29, 2026	Aug. 30, 2025	Feb. 25, 2023
Class of Stock [Line Items]
Dividends paid	$ 11,175	$ 11,043
Common dividends (in dollars per share)	$ 0.54	$ 0.52
Junior preferred stock authorized (in shares)	200,000
Junior preferred stock par value (in usd per share)	$ 1.00
Junior preferred stock outstanding (in shares)	0
Junior preferred stock issued (in shares)	0
Share Repurchase Program
Class of Stock [Line Items]
Share repurchases (in shares)	428,220	0	12,880,009
Share repurchases, value	$ 16,100		$ 469,300
Remaining shares authorized to be repurchased (in shares)	1,369,991

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Share-Based Compensation - Additional Information (Details) $ in Millions	6 Months Ended
	Aug. 29, 2026 USD ($) shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost related to nonvested share | $	$ 13.0
Weighted average period	1 year 8 months 12 days
Total fair value of shares vested | $	$ 3.3
2019 Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for issuance (in shares) | shares	2,950,000
2019 Non-Employee Director Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for issuance (in shares) | shares	300,000

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Share-Based Compensation - Schedule of Share-Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 29, 2026	Aug. 30, 2025	Aug. 29, 2026	Aug. 30, 2025
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 2,617	$ 474	$ 4,927	$ 2,773
Restricted stock awards and restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	2,390	1,598	4,472	3,186
Performance share units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 227	$ (1,124)	$ 455	$ (413)

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Share-Based Compensation - Schedule of Stock-Based Compensation Awards Granted and Weighted Average Grant Date Fair Value (Details)	6 Months Ended
	Aug. 29, 2026 $ / shares shares
Restricted stock awards and restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Awards (in shares) | shares	166,957
Weighted Average Grant Date Fair Value (in usd per share) | $ / shares	$ 37.08
Restricted stock awards and restricted stock units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	2 years
Restricted stock awards and restricted stock units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Performance share units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Awards (in shares) | shares	37,596
Weighted Average Grant Date Fair Value (in usd per share) | $ / shares	$ 35.42
Performance share units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Target number of performance shares	0.00%
Performance share units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Target number of performance shares	200.00%

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Income Taxes (Details)	3 Months Ended		6 Months Ended
	Aug. 29, 2026	Aug. 30, 2025	Aug. 29, 2026	Aug. 30, 2025
Income Tax Disclosure [Abstract]
Income tax expense as a percentage of earnings before income taxes	26.40%	15.40%	26.80%	30.90%

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Earnings per Share (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Aug. 29, 2026	Aug. 30, 2025	Aug. 29, 2026	Aug. 30, 2025
Earnings Per Share [Abstract]
Basic earnings per share – weighted common shares outstanding (in shares)	20,722	21,408	20,884	21,373
Weighted average effect of nonvested share grants and assumed exercise of stock options (in shares)	179	182	130	189
Diluted earnings per share – weighted common shares and potential common shares outstanding (in shares)	20,901	21,590	21,014	21,562
Stock awards excluded from the calculation of earnings per share because the exercise price was greater than the average market price of the common shares (in shares)	79	230	118	215

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Business Segment Data - Additional Information (Details)	6 Months Ended
	Aug. 29, 2026 segment
Segment Reporting [Abstract]
Number of operating segments	4
Number of reportable segments	4

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Business Segment Data - Schedule of Certain Segment Data (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 29, 2026	Aug. 30, 2025	Aug. 29, 2026	Aug. 30, 2025
Segment Reporting [Line Items]
Total segment net sales	$ 391,135	$ 358,194	$ 733,820	$ 704,816
Project Fortify | Income Statement Location [Axis]: us-gaap:CostOfGoodsAndServicesSold
Segment Reporting [Line Items]
Acquisition-related cost	0	3,300	0	10,300
Project Fortify | Income Statement Location [Axis]: us-gaap:SellingGeneralAndAdministrativeExpense
Segment Reporting [Line Items]
Acquisition-related cost	1,000	1,000	1,000	7,000
Architectural Metals
Segment Reporting [Line Items]
Total segment net sales	143,520	140,922	265,954	269,519
Architectural Metals | Intersegment net sales
Segment Reporting [Line Items]
Total segment net sales	0	13	9	40
Architectural Metals | Operating Segments
Segment Reporting [Line Items]
Total segment net sales	143,520	140,935	265,963	269,559
Adjusted cost of sales	(101,895)	(100,178)	(191,948)	(197,782)
Adjusted SG&A	(23,020)	(23,681)	(45,264)	(49,148)
Depreciation and amortization	3,511	3,752	7,065	7,566
Adjusted EBITDA	22,116	20,828	35,816	30,195
Architectural Services
Segment Reporting [Line Items]
Total segment net sales	108,464	100,490	223,700	206,995
Architectural Services | Intersegment net sales
Segment Reporting [Line Items]
Total segment net sales	0	0	0	0
Architectural Services | Operating Segments
Segment Reporting [Line Items]
Total segment net sales	108,464	100,490	223,700	206,995
Adjusted cost of sales	(91,956)	(85,968)	(190,866)	(176,630)
Adjusted SG&A	(11,060)	(10,417)	(22,048)	(21,264)
Depreciation and amortization	801	911	1,599	1,983
Adjusted EBITDA	6,249	5,016	12,385	11,084
Architectural Glass
Segment Reporting [Line Items]
Total segment net sales	83,894	68,392	144,585	137,662
Architectural Glass | Intersegment net sales
Segment Reporting [Line Items]
Total segment net sales	3,529	3,789	10,552	7,792
Architectural Glass | Operating Segments
Segment Reporting [Line Items]
Total segment net sales	87,423	72,181	155,137	145,454
Adjusted cost of sales	(66,080)	(53,213)	(120,959)	(104,973)
Adjusted SG&A	(12,558)	(10,644)	(22,998)	(22,010)
Depreciation and amortization	4,207	3,323	7,705	6,593
Adjusted EBITDA	12,992	11,647	18,885	25,064
Performance Surfaces
Segment Reporting [Line Items]
Total segment net sales	55,257	48,390	99,581	90,640
Performance Surfaces | Intersegment net sales
Segment Reporting [Line Items]
Total segment net sales	0	0	0	0
Performance Surfaces | Operating Segments
Segment Reporting [Line Items]
Total segment net sales	55,257	48,390	99,581	90,640
Adjusted cost of sales	(37,421)	(31,941)	(69,334)	(60,157)
Adjusted SG&A	(9,355)	(9,017)	(19,139)	(18,642)
Depreciation and amortization	3,929	3,789	7,879	7,338
Adjusted EBITDA	$ 12,410	$ 11,221	$ 18,987	$ 19,179

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Business Segment Data - Schedule of Adjusted EBITDA (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Aug. 29, 2026	May 30, 2026	Aug. 30, 2025	May 31, 2025	Aug. 29, 2026	Aug. 30, 2025
Segment Reporting [Line Items]
Segment restructuring costs			$ (3,123)			$ (18,472)
Depreciation and amortization					$ (26,569)	(24,943)
Interest expense, net	$ (3,554)		(4,075)		(6,388)	(7,921)
Income tax expense	(8,037)		(4,304)		(12,433)	(9,394)
Net earnings	22,380	$ 11,535	23,649	$ (2,688)	33,917	20,962
Other restructuring charges
Segment Reporting [Line Items]
Segment restructuring costs			(787)			(8,509)
Reportable Segment
Segment Reporting [Line Items]
Segment adjusted EBITDA	53,767		48,712		86,073	85,522
Corporate and Other expenses	(5,567)		(4,474)		(6,528)	(9,603)
Segment acquisition-related costs	(1,038)		(1,187)		(1,038)	(1,464)
Segment restructuring costs	0		(3,113)		0	(15,832)
Depreciation and amortization	(13,191)		(12,507)		(25,769)	(24,943)
Other income	0		4,597		0	4,597
Interest expense, net	(3,554)		(4,075)		(6,388)	(7,921)
Income tax expense	(8,037)		(4,304)		(12,433)	(9,394)
Net earnings	$ 22,380		23,649		$ 33,917	20,962
Reportable Segment | Other restructuring charges
Segment Reporting [Line Items]
Segment restructuring costs			(0)			(2,600)
Reportable Segment | Keller Companies Inc
Segment Reporting [Line Items]
Segment acquisition-related costs			$ (100)			$ (200)

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Acquisitions - Additional Information (Details) - USD ($) $ in Thousands		3 Months Ended	6 Months Ended
	Jul. 01, 2026	Aug. 29, 2026	Aug. 29, 2026	Aug. 30, 2025	Feb. 28, 2026
Business Combination [Line Items]
Cash consideration			$ 99,574	$ 0
Goodwill		$ 255,499	255,499		$ 236,744
Keller Companies Inc
Business Combination [Line Items]
Consideration transferred	$ 104,700
Estimated contingent consideration earn-out	7,500
Cash consideration	112,200
Net working capital adjustment	800
Cash acquired	5,100
Maximum amount of future payments	10,000
Goodwill	18,936
Fair values of acquired intangible assets	49,800
Net sales		16,400	16,400
Net earnings		900	900
Keller Companies Inc | Customer Relationships
Business Combination [Line Items]
Fair values of acquired intangible assets	$ 34,300
Expected life (in years)	15 years
Keller Companies Inc | Trade Names
Business Combination [Line Items]
Fair values of acquired intangible assets	$ 13,100
Expected life (in years)	15 years
Keller Companies Inc | Contract Backlog
Business Combination [Line Items]
Fair values of acquired intangible assets	$ 2,400
Expected life (in years)	6 months
Keller Companies Inc | Location, Statement of Financial Position, Balance [Axis]: us-gaap:OtherLiabilitiesNoncurrent
Business Combination [Line Items]
Fair value of this contingent consideration		7,500	7,500
Keller Companies Inc | Income Statement Location [Axis]: us-gaap:SellingGeneralAndAdministrativeExpense
Business Combination [Line Items]
Integration costs		$ 1,600	$ 2,400

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Acquisitions - Schedule of Estimated Fair Values of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Aug. 29, 2026	Jul. 01, 2026	Feb. 28, 2026
Assets:
Goodwill	$ 255,499		$ 236,744
Keller Companies Inc
Assets:
Cash and cash equivalents		$ 5,105
Receivables, net		12,460
Inventories, net		8,735
Other current assets		2,042
Property, plant, and equipment		27,282
Intangible assets, net		49,800
Goodwill		18,936
Total Assets		124,360
Liabilities:
Accounts payable		2,314
Accrued compensation and benefits		2,893
Other current liabilities		13,558
Other non-current liabilities		918
Total Liabilities		19,683
Net assets recorded		104,677
Keller Companies Inc | Trade Names
Assets:
Intangible assets, net		13,100
Keller Companies Inc | Customer Relationships
Assets:
Intangible assets, net		34,300
Keller Companies Inc | Contract Backlog
Assets:
Intangible assets, net		$ 2,400

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Restructuring - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Aug. 30, 2025	Aug. 30, 2025
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	$ 3,123	$ 18,472
Architectural Services
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	2,758	14,006
Corporate and Other
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	10	2,641
Project Fortify
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	3,100	18,500
Project Fortify | Income Statement Location [Axis]: us-gaap:CostOfGoodsAndServicesSold
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	3,000	9,900
Project Fortify | Income Statement Location [Axis]: us-gaap:SellingGeneralAndAdministrativeExpense
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	$ 100	8,600
Project Fortify | Income Statement Location [Axis]: us-gaap:SellingGeneralAndAdministrativeExpense | Architectural Services
Restructuring Cost and Reserve [Line Items]
Total restructuring charges		5,000
Project Fortify | Income Statement Location [Axis]: us-gaap:SellingGeneralAndAdministrativeExpense | Corporate and Other
Restructuring Cost and Reserve [Line Items]
Total restructuring charges		$ 2,600

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Restructuring - Schedule of Restructuring Costs (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Aug. 30, 2025	Aug. 30, 2025
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	$ 3,123	$ 18,472
Termination benefits
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	476	7,229
Contract termination costs
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	1,860	2,734
Other restructuring charges
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	787	8,509
Architectural Framing Systems
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	355	1,825
Architectural Framing Systems | Termination benefits
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	0	805
Architectural Framing Systems | Contract termination costs
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	201	802
Architectural Framing Systems | Other restructuring charges
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	154	218
Architectural Services
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	2,758	14,006
Architectural Services | Termination benefits
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	476	6,424
Architectural Services | Contract termination costs
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	1,659	1,932
Architectural Services | Other restructuring charges
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	623	5,650
Corporate and Other
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	10	2,641
Corporate and Other | Termination benefits
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	0	0
Corporate and Other | Contract termination costs
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	0	0
Corporate and Other | Other restructuring charges
Restructuring Cost and Reserve [Line Items]
Total restructuring charges	$ 10	$ 2,641

XML

Restructuring - Schedule of Reserve (Details) - USD ($) $ in Thousands	6 Months Ended
	Aug. 29, 2026	Feb. 28, 2026
Restructuring Reserve [Roll Forward]
Beginning balance	$ 3,896	$ 6,974
Payments	(2,829)
Other adjustments	(249)
Ending Balance	3,896	6,974
Architectural Framing Systems
Restructuring Reserve [Roll Forward]
Beginning balance	1,823	3,581
Payments	(1,576)
Other adjustments	(182)
Ending Balance	1,823	3,581
Architectural Services
Restructuring Reserve [Roll Forward]
Beginning balance	1,947	2,311
Payments	(297)
Other adjustments	(67)
Ending Balance	1,947	2,311
Corporate and Other
Restructuring Reserve [Roll Forward]
Beginning balance	126	1,082
Payments	(956)
Other adjustments	0
Ending Balance	$ 126	$ 1,082

XML

Subsequent Events (Details) - Subsequent Event - SIA Alzette € in Millions	Sep. 18, 2026 EUR (€)
Subsequent Event [Line Items]
Consideration transferred	€ 62.5
Contingent consideration payable	€ 10.0