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Reportable Segment and Geographical Information
 3 Months Ended
Mar. 29, 2025
Segment Reporting [Abstract]  
Reportable Segment and Geographical Information Reportable Segment and Geographical Information
Operating segments are defined as components of an enterprise for which discrete financial information is available that is evaluated regularly by the chief operating decision maker (“CODM”) for purposes of allocating resources and evaluating financial performance. Our CODM, who is our Chief Executive Officer, reviews financial information presented on a consolidated basis for the purposes of allocating resources and evaluating financial performance. The Company is organized in five operating segments aggregated into three reportable segments: Aperture Solutions (consisting of the Aperture Solutions–U.S. and Aperture Solutions–Canada operating segments), Surface Solutions (consisting of the Surface Solutions–U.S. and Surface Solutions–Canada operating segments) and Shelter Solutions, itself an operating segment. The aggregated reportable segments share similar economic characteristics with respect to product offerings, manufacturing processes, and customer demographics. We operate principally in the U.S. with limited operations in Canada.
•The Aperture Solutions reportable segment offers a broad line of windows and doors at multiple price-points for residential new construction and repair and remodel end markets in the U.S. and Canada. Its main products include vinyl, aluminum, wood-composite and aluminum clad-wood windows and patio doors, as well as steel, wood-composite, and fiberglass entry doors.
•The Surface Solutions reportable segment offers a broad suite of surface solutions products and accessories at multiple price-points for the residential new construction and repair and remodel end markets as well as stone installation services. Its main products include vinyl siding and accessories, cellular polyvinyl chloride trim, vinyl fencing and railing, stone veneer and gutter protection products.
•The Shelter Solutions reportable segment designs, engineers, manufactures and distributes extensive lines of metal products for the low-rise commercial construction market under multiple brand names and through a nationwide network of manufacturing plants, distribution centers and retail branches. The Company defines low-rise commercial construction as building applications of up to five stories.
Management monitors the operations results of its operating segments separately for purposes of making decisions about resources and evaluating performance. Management, including the Company’s chief operating decision maker, evaluates performance on the basis of segment earnings before interest, income taxes, depreciation and amortization (“Adjusted reportable segment EBITDA”).
Corporate operating expenses are not allocated to reportable segments. Corporate and Other consists specifically of corporate operating expenses that are generally not allocated to reportable segments, related-party management fees, and other items that are not assigned or allocated to reportable segments. Any intercompany net sales or expenses are eliminated in consolidation.
The following table sets forth reportable segment net sales, adjusted reportable segment EBITDA and a reconciliation to loss before income taxes:
Three Months Ended
 March 29, 2025March 30, 2024
Reportable segment net sales: 
Aperture Solutions$557,746 $529,949 
Surface Solutions240,679 275,403 
Shelter Solutions378,068 341,511 
Total reportable segment net sales1,176,493 1,146,863 
Intersegment sales(1,159)(1,176)
Total net sales$1,175,334 $1,145,687 
Adjusted reportable segment EBITDA:
Aperture Solutions$42,367 $44,880 
Surface Solutions31,495 43,235 
Shelter Solutions51,835 56,077 
Total adjusted reportable segment EBITDA125,697 144,192 
Corporate and Other(40,793)(57,164)
Depreciation and amortization(103,751)(94,317)
Interest expense(117,681)(94,820)
Foreign exchange gain (loss)(313)(4,013)
Other income, net427 2,883 
Loss before income taxes$(136,414)$(103,239)
The following table sets forth net sales, to third party customers, disaggregated by reportable segment:
Three Months Ended
March 29, 2025March 30, 2024
Aperture Solutions – Principally vinyl windows$557,610 $529,840 
Surface Solutions:
Vinyl siding108,710 134,464 
Metal siding71,969 76,017 
Injection molded siding9,791 11,696 
Stone27,726 14,122 
Stone veneer installation and other21,460 38,037 
Total239,656 274,336 
Shelter Solutions – Metal building products378,068 341,511 
Total net sales$1,175,334 $1,145,687 
The following table sets forth other financial data by reportable segment:
Three Months Ended
March 29, 2025March 30, 2024
Depreciation and amortization:
Apertures$43,959 $41,438 
Surfaces23,920 26,530 
Shelters 34,684 25,638 
Depreciation and amortization for reportable segments102,563 93,606 
Corporate1,188 711 
Total depreciation and amortization$103,751 $94,317 
Capital expenditures:
Apertures$17,039 $18,515 
Surfaces5,510 12,088 
Shelters8,729 18,457 
Capital expenditures for reportable segments31,278 49,060 
Corporate5,810 3,384 
Total capital expenditures$37,088 $52,444 
The following tables sets forth key expenses disaggregated by reportable segment for the year ended March 29, 2025:
Aperture SolutionsSurface SolutionsShelter SolutionsTotal
Net sales$557,610 $239,656 $378,068 $1,175,334 
Intersegment sales136 1,023 — 1,159 
Reportable segment net sales557,746 240,679 378,068 1,176,493 
Segment cost of sales(1)
(452,648)(182,063)(262,859)(897,570)
Segment selling, general and administrative expenses(2)
(62,731)(27,121)(63,374)(153,226)
Reportable adjusted segment EBITDA$42,367 $31,495 $51,835 $125,697 
Depreciation and amortization(103,751)
Corporate and Other(40,793)
Interest expense(117,681)
Foreign exchange loss(313)
Other income, net427 
Loss before income taxes$(136,414)
(1)Includes hourly and salaried labor for all manufacturing, delivery and related support activities as well as factory overhead, labor benefits, warranty, out-bound freight, utilities, lease and other manufacturing and delivery related-costs.
(2)Includes labor-related costs for the sales, marketing and functional organizations as well as marketing, selling expenses, bad debt and general administrative expenses. Functional organizations include, among others, information technology, finance and accounting, legal and executive office.
The following tables sets forth key expenses disaggregated by reportable segment for the year ended March 30, 2024:
Aperture SolutionsSurface SolutionsShelter SolutionsTotal
Net sales$529,840 $274,336 $341,511 $1,145,687 
Intersegment sales109 1,067 — 1,176 
Reportable segment net sales529,949 275,403 341,511 1,146,863 
Segment cost of sales(1)
(429,952)(203,441)(238,526)(871,919)
Segment selling, general and administrative expenses(2)
(55,117)(28,727)(46,908)(130,752)
Reportable adjusted segment EBITDA$44,880 $43,235 $56,077 $144,192 
Depreciation and amortization(94,317)
Corporate and Other(57,164)
Interest expense(94,820)
Foreign exchange loss(4,013)
Other income, net2,883 
Loss before income taxes$(103,239)
(1)Includes hourly and salaried labor for all manufacturing, delivery and related support activities as well as factory overhead, labor benefits, warranty, out-bound freight, utilities, lease and other manufacturing and delivery related-costs.
(2)Includes labor-related costs for the sales, marketing and functional organizations as well as marketing, selling expenses, bad debt and general administrative expenses. Functional organizations include, among others, information technology, finance and accounting, legal and executive office.
The following table sets forth property, plant and equipment, net, and total assets disaggregated by reportable segment:
March 29, 2025December 31, 2024
Property, plant and equipment, net:
Aperture Solutions$376,679 $377,786 
Surface Solutions193,120 193,235 
Shelter Solutions527,368 538,725 
Property, plant and equipment, net by reportable segments1,097,167 1,109,746 
Corporate21,859 17,291 
Total property, plant and equipment, net$1,119,026 $1,127,037 
Total assets:
Aperture Solutions$2,967,363 $2,896,080 
Surface Solutions1,771,642 1,810,815 
Shelter Solutions1,613,867 1,631,139 
Total assets by reportable segment6,352,872 6,338,034 
Corporate308,609 347,112 
Total assets$6,661,481 $6,685,146