v3.25.2
Business Segment Data (Tables)
3 Months Ended
May 31, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information
Three Months Ended May 31, 2025
(In thousands)
Architectural MetalsArchitectural ServicesArchitectural GlassPerformance SurfacesTotal
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 MetalsArchitectural ServicesArchitectural GlassPerformance SurfacesTotal
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, 2025June 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.