During the fourth quarter of fiscal 2024, we announced strategic actions to streamline our business operations, enable a more efficient cost model, and better position the Company for profitable growth (referred to as “Project Fortify”). Project Fortify primarily impacted the Architectural Metals Segment and included:

•Transferring production operations from the Company’s facility in Walker, Michigan, to the Company’s facilities in Monett, Missouri and Wausau, Wisconsin.

•Simplifying the segment’s brand portfolio and commercial model to improve flexibility, better leverage the Company’s capabilities, and enhance customer service.

Additionally, the Company implemented actions to optimize processes and streamline resources in its Architectural Services and Corporate and Other.

During fiscal 2025, we incurred $4.3 million of pre-tax costs associated with Project Fortify, of which $2.5 million is included in cost of sales and $1.8 million is included within SG&A expenses. During fiscal 2024, we incurred $12.4 million of pre-tax costs associated with Project Fortify, of which $5.5 million is included within cost of sales and $6.9 million is included within SG&A expenses. The Company completed Project Fortify during the fourth quarter of fiscal 2025 and incurred at total of $16.7 million of restructuring changes, which included:


(In thousands)	Architectural Metals		Architectural Services		Architectural Glass		Corporate & Other		Total
March 1, 2025
Termination benefits	$	928	$	(640)	$	—	$	788	$	1,076
Contract termination costs	—		—		—		—		—
Other restructuring charges	3,096		151		—		—		3,247
Total restructuring charges	$	4,024	$	(489)	$	—	$	788	$	4,323
March 2, 2024
Termination benefits	3,348		2,475		—		56		5,879
Contract termination costs	1,568		49		—		—		1,617
Other restructuring charges	1,054		2		—		3,851		4,907
Total restructuring charges	$	5,970	$	2,526	$	—	$	3,907	$	12,403
February 25, 2023
Termination benefits	—		—		116		—		116
Total restructuring charges	$	—	$	—	$	116	$	—	$	116

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 2026.


(In thousands)	Architectural Metals		Architectural Services		Architectural Glass		Corporate & Other		Total
Balance at February 25, 2023	$	62	$	—	$	23	$	—	$	85
Restructuring expense	3,985		2,477		—		56		6,518
Payments	(1,233)		(410)		(23)		—		(1,666)

Balance at March 2, 2024	$	2,814	$	2,067	$	—	$	56	$	4,937
Restructuring expense	1,931		(812)		—		778		1,897
Payments	(4,256)		(605)		—		(323)		(5,184)
Other adjustments	797		—		—		—		797
Balance at March 1, 2025	$	1,286	$	650	$	—	$	511	$	2,447

The charges presented in the rollforward of our restructuring accruals do not include items charged directly to expense as incurred, as those items are not reflected in accrued payroll and related benefits and other current liabilities in the consolidated balance sheets.

On April 23, 2025, we announced a second phase of Project Fortify to drive further cost efficiencies, primarily in the Architectural Metals and Architectural Services Segments. Phase 2 will focus on further optimizing our operating footprint and aligning resources to enable a more effective operating model. We expect the actions of Phase 2 to incur approximately $24 million to $26 million of pre-tax charges, of which approximately $8 million are expected to be non-cash charges. The charges include the following:

The Company expects the actions associated with Phase 2 to be substantially completed by the end of the fourth quarter of fiscal 2026 and expects them to deliver annualized pre-tax cost savings from Phase 2 of approximately $13 million to $15 million.

During fiscal 2022, we announced plans to realign and simplify our business structure, which resulted in the closure of two facilities within the Architectural Glass Segment, in Dallas, Texas and Statesboro, Georgia. These closures were made in order to concentrate this segment on premium, high-performance products. Additionally, employee termination costs were incurred related to these facility closures, realignment of the Architectural Metals Segment, and within the Corporate office.

During the first quarter of fiscal 2023, we completed the execution of these plans with the sale of the remaining manufacturing assets at our Architectural Glass location, in Dallas, Texas, for $4.1 million. The remaining assets had a carrying value of $3.4 million, and we recognized a gain on the sale of approximately $0.6 million, net of associated transaction costs, which is included as a reduction of cost of sales within our consolidated statements of operations.