| Schedule of Segment Reporting Information |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended May 31, 2025 | (In thousands) | | Architectural Metals | | Architectural Services | | Architectural Glass | | Performance Surfaces | | | | Total | Net sales | | $ | 128,596 | | | $ | 106,505 | | | $ | 69,271 | | | $ | 42,250 | | | | | $ | 346,622 | | Intersegment net sales | | 28 | | | — | | | 4,002 | | | — | | | | | 4,030 | | Total segment net sales | | 128,624 | | | 106,505 | | | 73,273 | | | 42,250 | | | | | 350,652 | | Adjusted cost of sales (1) | | (97,603) | | | (90,664) | | | (51,759) | | | (28,217) | | | | | (268,243) | | Adjusted SG&A (2) | | (25,468) | | | (10,847) | | | (11,309) | | | (9,624) | | | | | (57,248) | | Other expense, net | | — | | | — | | | (58) | | | — | | | | | (58) | | Depreciation and amortization | | 3,813 | | | 1,073 | | | 3,270 | | | 3,550 | | | | | 11,706 | | Adjusted EBITDA | | $ | 9,366 | | | $ | 6,067 | | | $ | 13,417 | | | $ | 7,959 | | | | | $ | 36,809 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 1, 2024 | | (In thousands) | | Architectural Metals | | Architectural Services | | Architectural Glass | | Performance Surfaces | | | | Total | Net sales | | $ | 133,109 | | | $ | 99,027 | | | $ | 78,176 | | | $ | 21,204 | | | | | $ | 331,516 | | Intersegment net sales | | 63 | | | — | | | 8,527 | | | — | | | | | 8,590 | | Total segment net sales | | 133,172 | | | 99,027 | | | 86,703 | | | 21,204 | | | | | 340,106 | | Adjusted cost of sales (1) | | (88,552) | | | (81,852) | | | (58,288) | | | (12,485) | | | | | (241,177) | | Adjusted SG&A (2) | | (25,287) | | | (11,552) | | | (11,324) | | | (3,873) | | | | | (52,036) | | Other income (expense), net | | — | | | — | | | 130 | | | — | | | | | 130 | | Depreciation and amortization | | 4,507 | | | 950 | | | 3,010 | | | 796 | | | | | 9,263 | | Adjusted EBITDA | | $ | 23,840 | | | $ | 6,573 | | | $ | 20,231 | | | $ | 5,642 | | | | | $ | 56,286 | |
| | | | | | | | | | | | | | | | | | (1) | Adjusted cost of sales excludes $7.0 million of adjustments related to acquisition and restructuring expense and $0.6 million of adjustments related to restructuring expense as described in more detail within the reconciliation presented below, for the three months ended May 31, 2025 and June 1, 2024, respectively. | | (2) | Adjusted SG&A expenses excludes $6.0 million of adjustments related to acquisition and restructuring expense and $0.4 million of adjustments related to restructuring expense as described in more detail within the reconciliation presented below, for the three months ended May 31, 2025 and June 1, 2024, respectively. | | | | |
The following table presents the reconciliation of adjusted EBITDA to net (loss) earnings, the nearest measurement under U.S. GAAP: | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | | | (In thousands) | | May 31, 2025 | | June 1, 2024 | | | | Segment Adjusted EBITDA | | $ | 36,809 | | | $ | 56,286 | | | | | Corporate and Other Expenses | | (5,129) | | | (3,481) | | | | Segment acquisition-related costs (1) | | (277) | | | — | | | | Segment restructuring costs (2) | | (12,718) | | | (998) | | | | | Depreciation and amortization | | (12,436) | | | (10,283) | | | | | Interest expense, net | | (3,846) | | | (450) | | | | | Income tax expense | | (5,091) | | | (10,063) | | | | | Net (loss) earnings | | $ | (2,688) | | | $ | 31,011 | | | |
| | | | | | | | | | | | | | | | | | (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. | | | | |
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