Business Segment Data

6 Months Ended

Aug. 30, 2025

Segment Reporting [Abstract]

Business Segment Data

Business Segment Data

We have four operating segments which are also reportable segments. Each of our four segments has distinct economic characteristics, including products and services provided, production processes and varying ranges in performance and results:

•The Architectural Metals Segment designs, engineers, fabricates and finishes aluminum window, curtainwall, storefront and entrance systems used primarily in non-residential construction.

•The Architectural Services Segment integrates technical services, project management, and field installation services to design, engineer, fabricate, and install architectural curtainwall and other façade-related systems primarily in non-residential construction.

•The Architectural Glass Segment cuts, treats, coats and fabricates high-performance glass used in custom window and wall systems primarily for non-residential buildings.

•The Performance Surfaces Segment develops and manufactures high-performance coated materials for a variety of applications, including wall decor, museums, graphic design, digital displays, architectural interiors, and industrial flooring.

The Company’s CEO is the chief operating decision maker (CODM). The CODM utilizes net sales and adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) to assess segment performance and make decisions about the allocation of operating and capital resources by analyzing recent results, trends, and variances of each segment in relation to forecasts and historical performance.

Net sales, adjusted cost of sales, adjusted SG&A, adjusted other income (expense), depreciation and amortization and the resulting adjusted EBITDA for each of the Company’s four reportable segments are presented below. Segment net sales is defined as net sales for a certain segment and includes revenue related to intersegment transactions. We report net sales intersegment eliminations separately to exclude these sales from our consolidated total. Segment adjusted EBITDA includes intersegment sales transactions and excludes certain corporate costs that are not allocated at a segment level. We report these unallocated corporate costs in Corporate and Other.

	Three Months Ended August 30, 2025
(In thousands)	Architectural Metals		Architectural Services		Architectural Glass		Performance Surfaces		Total
Net sales	$	140,922	$	100,490	$	68,392	$	48,390	$	358,194
Intersegment net sales	13		—		3,789		—		3,802
Total segment net sales	140,935		100,490		72,181		48,390		361,996
Adjusted cost of sales (1)	(100,178)		(85,968)		(53,213)		(31,941)		(271,300)
Adjusted SG&A (2)	(23,681)		(10,417)		(10,636)		(9,017)		(53,751)
Adjusted other expense, net (3)	—		—		(8)		—		(8)
Depreciation and amortization	3,752		911		3,323		3,789		11,775
Adjusted EBITDA	$	20,828	$	5,016	$	11,647	$	11,221	$	48,712

	Three Months Ended August 31, 2024
(In thousands)	Architectural Metals		Architectural Services		Architectural Glass		Performance Surfaces		Total
Net sales	$	141,340	$	98,018	$	83,250	$	19,832	$	342,440
Intersegment net sales	10		—		6,851		—		6,861
Total segment net sales	141,350		98,018		90,101		19,832		349,301
Adjusted cost of sales (1)	(98,898)		(80,366)		(58,739)		(12,350)		(250,353)
Adjusted SG&A (2)	(24,396)		(11,263)		(10,296)		(3,687)		(49,642)
Adjusted other expense, net (3)	—		—		(7)		—		(7)
Depreciation and amortization	4,172		955		3,080		790		8,997
Adjusted EBITDA	$	22,229	$	7,344	$	24,140	$	4,584	$	58,297

	Six Months Ended August 30, 2025
(In thousands)	Architectural Metals		Architectural Services		Architectural Glass		Performance Surfaces		Total
Net sales	$	269,519	$	206,995	$	137,662	$	90,640	$	704,816
Intersegment net sales	40		—		7,792		—		7,832
Total segment net sales	269,559		206,995		145,454		90,640		712,648
Adjusted cost of sales (1)	(197,782)		(176,630)		(104,973)		(60,157)		(539,542)
Adjusted SG&A (2)	(49,148)		(21,264)		(21,944)		(18,642)		(110,998)
Adjusted other expense, net (3)	—		—		(66)		—		(66)
Depreciation and amortization	7,566		1,983		6,593		7,338		23,480
Adjusted EBITDA	$	30,195	$	11,084	$	25,064	$	19,179	$	85,522

	Six Months Ended August 31, 2024
(In thousands)	Architectural Metals		Architectural Services		Architectural Glass		Performance Surfaces		Total
Net sales	$	274,449	$	197,045	$	161,426	$	41,036	$	673,956
Intersegment net sales	73		—		15,378		—		15,451
Total segment net sales	274,522		197,045		176,804		41,036		689,407
Adjusted cost of sales (1)	(187,448)		(162,218)		(117,024)		(24,836)		(491,526)
Adjusted SG&A (2)	(49,683)		(22,815)		(21,620)		(7,561)		(101,679)
Adjusted other income, net (3)	—		—		123		—		123
Depreciation and amortization	8,679		1,905		6,089		1,586		18,259
Adjusted EBITDA	$	46,070	$	13,917	$	44,371	$	10,225	$	114,583

(1)	Adjusted cost of sales excludes $0.3 million and $3.0 million of adjustments related to acquisition and restructuring expense, respectively, for the three months ended August 30, 2025, and excludes $0.4 million and $9.9 million of adjustments related to acquisition and restructuring expense, respectively, for the six months ended August 30, 2025. Adjusted cost of sales excludes $0.9 million and $1.4 million of adjustments related restructuring expense for the three and six months ended August 31, 2024, respectively. These adjustments are described in greater detail in the reconciliation below.
(2)	Adjusted SG&A expense excludes $0.9 million and $0.1 million of adjustments related to acquisition and restructuring expense, respectively, for the three months ended August 30, 2025, and excludes $1.1 million and $5.9 million of adjustments related to acquisition and restructuring expense, respectively, for the six months ended August 30, 2025. Adjusted SG&A expense excludes $0.3 million and $0.7 million of adjustments related restructuring expense for the three and six months ended August 31, 2024, respectively These adjustments are described in greater detail in the reconciliation below.
(3)	Adjusted other income, net excludes $4.6 million of NMTC gain recognized for the three and six months ended August 30, 2025.

The following table presents the reconciliation of adjusted EBITDA to net earnings, the nearest measurement under U.S. GAAP:

	Three Months Ended				Six Months Ended
(In thousands)	August 30, 2025		August 31, 2024		August 30, 2025		August 31, 2024
Segment Adjusted EBITDA	$	48,712	$	58,297	$	85,522	$	114,583
Corporate and Other Expenses	(4,474)		(5,175)		(9,603)		(8,839)
Segment acquisition-related costs (1)	(1,187)		—		(1,464)		—
Segment restructuring costs (2)	(3,113)		(1,179)		(15,832)		(2,301)
Depreciation and amortization	(12,507)		(9,688)		(24,943)		(19,664)
Other income (3)	4,597		—		4,597		—
Interest expense, net	(4,075)		(1,140)		(7,921)		(1,590)
Income tax expense	(4,304)		(10,549)		(9,394)		(20,612)
Net earnings	$	23,649	$	30,566	$	20,962	$	61,577

(1)	Acquisition-related costs include costs related to one-time expenses incurred to integrate the UW Solutions acquisition.
(2)	Segment restructuring charges related to Project Fortify.
(3)	Other income, net includes $4.6 million of NMTC gain recognized for the three and six months ended August 30, 2025.