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Reportable Segment and Geographical Information
 9 Months Ended
Sep. 27, 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: Windows & Doors (consisting of the Windows & Doors–U.S. and Windows & Doors–Canada operating segments), Siding & Accessories (consisting of the Siding & Accessories–U.S. and Siding & Accessories–Canada operating segments) and Metal 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 and Mexico.
•The Windows & Doors 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 Siding & Accessories reportable segment offers a broad suite of products and accessories at multiple price-points for the residential new construction and repair and remodel end markets. Its main products include vinyl siding and accessories, cellular polyvinyl chloride trim, vinyl fencing and railing, stone veneer and gutter protection products.
•The Metal 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 results of its operating segments separately to make decisions about resources and evaluate 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 (“Reportable segment adjusted 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, reportable segment adjusted EBITDA and a reconciliation to loss before income taxes:
Three Months EndedNine Months Ended
($ Amounts in thousands)
September 27, 2025September 28, 2024September 27, 2025September 28, 2024
Reportable segment net sales: 
Windows & Doors$644,647 $674,568 $1,868,192 $1,877,707 
Siding & Accessories332,412 351,381 898,245 964,197 
Metal Solutions467,120 407,051 1,283,765 1,103,798 
Total reportable segment net sales1,444,179 1,433,000 4,050,202 3,945,702 
Intersegment sales(1,391)(1,644)(4,175)(4,357)
Total net sales$1,442,788 $1,431,356 $4,046,027 $3,941,345 
Reportable segment adjusted EBITDA:
Windows & Doors$50,228 $83,044 $172,515 $227,548 
Siding & Accessories72,457 77,421 171,679 195,096 
Metal Solutions54,594 17,943 172,658 128,741 
Total reportable segment adjusted EBITDA177,279 178,408 516,852 551,385 
Corporate and Other(46,245)(54,050)(135,401)(171,359)
Impairment of goodwill and intangible assets
(372,323)(415,491)(372,323)(415,491)
Depreciation and amortization(112,287)(103,586)(339,190)(296,441)
Interest expense(123,993)(124,120)(363,519)(325,687)
Foreign exchange gain (loss)(3,135)782 605 (6,004)
Bargain purchase gain
47,840 — 47,840 — 
Other income, net892 994 2,362 4,550 
Loss before income taxes$(431,972)$(517,063)$(642,774)$(659,047)
The following table sets forth net sales to third party customers, disaggregated by reportable segment:
Three Months EndedNine Months Ended
($ Amounts in thousands)
September 27, 2025September 28, 2024September 27, 2025September 28, 2024
Windows & Doors – Principally vinyl windows$644,325 $674,398 $1,867,512 $1,877,248 
Siding & Accessories:
Vinyl siding164,690 169,586 440,832 470,209 
Metal siding100,413 100,529 262,802 268,465 
Injection molded siding14,349 15,953 38,866 42,980 
Stone32,967 43,425 95,866 116,830 
Other products & services
18,924 20,414 56,384 61,815 
Total331,343 349,907 894,750 960,299 
Metal Solutions – Metal building products467,120 407,051 1,283,765 1,103,798 
Total net sales$1,442,788 $1,431,356 $4,046,027 $3,941,345 
The following table sets forth other financial data by reportable segment:
Three Months EndedNine Months Ended
($ Amounts in thousands)
September 27, 2025September 28, 2024September 27, 2025September 28, 2024
Depreciation and amortization:
Windows & Doors$50,107 $47,829 $154,305 $134,093 
Siding & Accessories25,574 23,785 76,533 75,738 
Metal Solutions35,288 30,941 104,415 84,089 
Depreciation and amortization for reportable segments110,969 102,555 335,253 293,920 
Corporate1,318 1,031 3,937 2,521 
Total depreciation and amortization$112,287 $103,586 $339,190 $296,441 
Capital expenditures:
Windows & Doors$46,126 $66,539 
Siding & Accessories23,582 38,946 
Metal Solutions33,653 44,022 
Capital expenditures for reportable segments103,361 149,507 
Corporate5,594 6,313 
Total capital expenditures$108,955 $155,820 
The following table sets forth key expenses disaggregated by reportable segment for the three months ended September 27, 2025:
($ Amounts in thousands)
Windows & DoorsSiding & AccessoriesMetal SolutionsTotal
Net sales$644,325 $331,343 $467,120 $1,442,788 
Intersegment sales322 1,069 — 1,391 
Reportable segment net sales644,647 332,412 467,120 1,444,179 
Segment cost of sales(1)
(532,173)(235,033)(349,430)(1,116,636)
Segment selling, general and administrative expenses(2)
(62,246)(24,922)(63,096)(150,264)
Reportable segment adjusted EBITDA$50,228 $72,457 $54,594 $177,279 
Impairment of goodwill and intangible assets
(372,323)
Depreciation and amortization(112,287)
Corporate and Other(46,245)
Interest expense(123,993)
Bargain purchase gain
47,840 
Foreign exchange loss
(3,135)
Other income, net892 
Loss before income taxes$(431,972)
(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 key expenses disaggregated by reportable segment for the three months ended September 28, 2024:
($ Amounts in thousands)
Windows & DoorsSiding & AccessoriesMetal SolutionsTotal
Net sales$674,398 $349,907 $407,051 $1,431,356 
Intersegment sales170 1,474 — 1,644 
Reportable segment net sales674,568 351,381 407,051 1,433,000 
Segment cost of sales(1)
(527,784)(246,825)(331,429)(1,106,038)
Segment selling, general and administrative expenses(2)
(63,740)(27,135)(57,679)(148,554)
Reportable segment adjusted EBITDA$83,044 $77,421 $17,943 $178,408 
Impairment of goodwill and intangible assets
(415,491)
Depreciation and amortization(103,586)
Corporate and Other(54,050)
Interest expense(124,120)
Foreign exchange gain
782 
Other income, net994 
Loss before income taxes$(517,063)
(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 key expenses disaggregated by reportable segment for the nine months ended September 27, 2025:
($ Amounts in thousands)
Windows & DoorsSiding & AccessoriesMetal SolutionsTotal
Net sales$1,867,512 $894,750 $1,283,765 $4,046,027 
Intersegment sales680 3,495 — 4,175 
Reportable segment net sales1,868,192 898,245 1,283,765 4,050,202 
Segment cost of sales(1)
(1,506,463)(647,560)(919,234)(3,073,257)
Segment selling, general and administrative expenses(2)
(189,214)(79,006)(191,873)(460,093)
Reportable segment adjusted EBITDA$172,515 $171,679 $172,658 $516,852 
Impairment of goodwill and intangible assets
(372,323)
Depreciation and amortization(339,190)
Corporate and Other(135,401)
Interest expense(363,519)
Bargain purchase gain
47,840 
Foreign exchange gain
605 
Other income, net2,362 
Loss before income taxes$(642,774)
(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 key expenses disaggregated by reportable segment for the nine months ended September 28, 2024:
($ in thousands)
Windows & DoorsSiding & AccessoriesMetal SolutionsTotal
Net sales$1,877,248 $960,299 $1,103,798 $3,941,345 
Intersegment sales459 3,898 — 4,357 
Reportable segment net sales1,877,707 964,197 1,103,798 3,945,702 
Segment cost of sales(1)
(1,471,180)(685,037)(828,099)(2,984,316)
Segment selling, general and administrative expenses(2)
(178,979)(84,064)(146,958)(410,001)
Reportable segment adjusted EBITDA$227,548 $195,096 $128,741 $551,385 
Impairment of goodwill and intangible assets
(415,491)
Depreciation and amortization(296,441)
Corporate and Other(171,359)
Interest expense(325,687)
Foreign exchange loss(6,004)
Other income, net4,550 
Loss before income taxes$(659,047)
(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:
($ in thousands)
September 27, 2025December 31,
2024
Property, plant and equipment, net:
Windows & Doors$345,517 $377,786 
Siding & Accessories187,269 193,235 
Metal Solutions501,225 538,725 
Property, plant and equipment, net by reportable segments1,034,011 1,109,746 
Corporate20,935 17,291 
Total property, plant and equipment, net$1,054,946 $1,127,037 
Total assets:
Windows & Doors$2,544,172 $2,896,080 
Siding & Accessories1,757,327 1,810,815 
Metal Solutions1,925,425 1,631,139 
Total assets by reportable segment6,226,924 6,338,034 
Corporate309,626 347,112 
Total assets$6,536,550 $6,685,146