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 also included process and resource optimization within the Architectural Services Segment and Corporate and Other and was completed in the fourth quarter of fiscal 2025.

A second phase of Project Fortify (Phase 2) was announced on April 23, 2025, focused on driving additional cost efficiencies and further optimizing the Company’s operating footprint and resource alignment. 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 quarter of fiscal 2027.

During the first quarter of fiscal 2026, we incurred $15.3 million of pre-tax costs associated with Phase 2, of which $6.9 million was included in cost of sales and $8.4 million was included within SG&A. The SG&A charges include a $5.0 million non-cash intangible asset impairment charge in the Architectural Services Segment and $2.6 million of a non-cash asset write-off and other charges in Corporate and Other.

The table below reflects the pretax impact of Project Fortify for the quarter ended May 31, 2025.


(In thousands)	Architectural Metals		Architectural Services		Corporate and Other		Total






May 31, 2025
Termination benefits	$	805	$	5,947	$	—	$	6,752

Other restructuring charges	666		5,300		2,632		8,598
Total restructuring charges	$	1,471	$	11,247	$	2,632	$	15,350

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	(1,151)		(124)		(675)		(1,950)
Other adjustments	(136)		12		—		(124)
Balance at May 30, 2026	$	2,294	$	2,199	$	407	$	4,900