Business Segment Data

9 Months Ended

Nov. 29, 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 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 November 29, 2025
(In thousands)	Architectural Metals		Architectural Services		Architectural Glass		Performance Surfaces		Total
Net sales	$	124,245	$	105,166	$	66,172	$	52,980	$	348,563
Intersegment net sales	188		—		4,680		—		4,868
Total segment net sales	124,433		105,166		70,852		52,980		353,431
Adjusted cost of sales (1)	(89,437)		(86,747)		(52,307)		(35,776)		(264,267)
Adjusted SG&A (2)	(21,908)		(9,030)		(10,378)		(9,196)		(50,512)
Adjusted other expense, net (3)	—		—		(12)		—		(12)
Adjusted depreciation and amortization	3,662		809		3,379		3,913		11,763
Adjusted EBITDA	$	16,750	$	10,198	$	11,534	$	11,921	$	50,403

	Three Months Ended November 30, 2024
(In thousands)	Architectural Metals		Architectural Services		Architectural Glass		Performance Surfaces		Total
Net sales	$	138,019	$	104,921	$	65,208	$	33,196	$	341,344
Intersegment net sales	20		—		5,028		—		5,048
Total segment net sales	138,039		104,921		70,236		33,196		346,392
Adjusted cost of sales (1)	(100,397)		(84,402)		(50,033)		(21,747)		(256,579)
Adjusted SG&A (2)	(24,090)		(11,505)		(10,086)		(5,276)		(50,957)
Adjusted other expense, net (3)	—		—		(6)		—		(6)
Adjusted depreciation and amortization	3,932		981		3,069		2,461		10,443
Adjusted EBITDA	$	17,484	$	9,995	$	13,180	$	8,634	$	49,293

	Nine Months Ended November 29, 2025
(In thousands)	Architectural Metals		Architectural Services		Architectural Glass		Performance Surfaces		Total
Net sales	$	393,763	$	312,161	$	203,835	$	143,620	$	1,053,379
Intersegment net sales	228		—		12,471		—		12,699
Total segment net sales	393,991		312,161		216,306		143,620		1,066,078
Adjusted cost of sales (1)	(287,218)		(263,377)		(157,278)		(95,933)		(803,806)
Adjusted SG&A (2)	(71,056)		(30,294)		(32,323)		(27,838)		(161,511)
Adjusted other expense, net (3)	—		—		(77)		—		(77)
Adjusted depreciation and amortization	11,229		2,789		9,970		11,251		35,239
Adjusted EBITDA	$	46,946	$	21,279	$	36,598	$	31,100	$	135,923

	Nine Months Ended November 30, 2024
(In thousands)	Architectural Metals		Architectural Services		Architectural Glass		Performance Surfaces		Total
Net sales	$	412,469	$	301,966	$	226,633	$	74,232	$	1,015,300
Intersegment net sales	92		—		20,407		—		20,499
Total segment net sales	412,561		301,966		247,040		74,232		1,035,799
Adjusted cost of sales (1)	(287,846)		(246,622)		(167,058)		(46,583)		(748,109)
Adjusted SG&A (2)	(73,773)		(34,320)		(31,706)		(12,837)		(152,636)
Adjusted other income, net (3)	—		—		116		—		116
Adjusted depreciation and amortization	12,609		2,887		9,158		4,046		28,700
Adjusted EBITDA	$	63,551	$	23,911	$	57,551	$	18,858	$	163,871

(1)	Adjusted cost of sales excludes $0.1 million and $3.4 million related to acquisition and restructuring expense, respectively, for the three months ended November 29, 2025, and excludes $0.5 million and $13.3 million related to acquisition and restructuring expense, respectively, for the nine months ended November 29, 2025. Adjusted cost of sales excludes $0.1 million of income and $1.3 million of expense related to restructuring for the three and nine months ended November 30, 2024, respectively. For the three and nine months ended November 30, 2024, adjusted cost of sales excludes $0.4 million related to acquisition expense. These adjustments are described in greater detail in the reconciliation below.
(2)	Adjusted SG&A expense excludes $0.2 million and $1.0 million related to acquisition and restructuring expense, respectively, for the three months ended November 29, 2025, and excludes $1.2 million and $6.9 million related to acquisition and restructuring expense, respectively, for the nine months ended November 29, 2025. Adjusted SG&A expense excludes $0.3 million and $1.0 million related to restructuring expense for the three and nine months ended November 30, 2024, respectively. For the three and nine months ended November 30, 2024, adjusted SG&A excludes $0.9 million related to acquisition expense. These adjustments are described in greater detail in the reconciliation below.
(3)	Adjusted other income, net excludes $2.1 million and $6.7 million of NMTC gain recognized for the three and nine months ended November 29, 2025, respectively.

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

	Three Months Ended				Nine Months Ended
(In thousands)	November 29, 2025		November 30, 2024		November 29, 2025		November 30, 2024
Segment Adjusted EBITDA	$	50,403	$	49,293	$	135,923	$	163,871
Corporate and Other Expenses	(8,033)		(8,014)		(17,636)		(16,978)
Segment acquisition-related costs (1)	(259)		(1,331)		(1,723)		(1,331)
Segment restructuring costs (2)	(4,401)		(125)		(20,233)		(2,296)
Depreciation and amortization	(12,516)		(11,134)		(37,456)		(30,798)
Other income (3)	2,143		—		6,740		—
Interest expense, net	(3,227)		(1,044)		(11,148)		(2,634)
Income tax expense	(7,561)		(6,656)		(16,956)		(27,268)
Net earnings	$	16,549	$	20,989	$	37,511	$	82,566

(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 $2.1 million and $6.7 million of NMTC gain recognized for the three and nine months ended November 29, 2025, respectively.