v3.26.1
Reportable Segment and Geographical Information
 6 Months Ended
Jul. 04, 2026
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. As of July 4, 2026, 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 tiers for the residential new construction and repair and remodel end markets primarily 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 tiers 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 Metal Solutions reportable segment designs, engineers, manufactures and distributes an extensive line of metal products for the low-rise commercial construction market under multiple brand names and through a nationwide network of manufacturing plants and distribution centers. 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 CODM, evaluates performance on the basis of segment earnings before interest, income taxes, depreciation and amortization (“Reportable segment adjusted EBITDA”).
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 EndedSix Months Ended
(Amounts in thousands)July 4, 2026June 28, 2025July 4, 2026June 28, 2025
Reportable segment net sales:
Windows & Doors$632,703 $665,800 $1,182,481 $1,223,545 
Siding & Accessories322,606 325,155 570,094 565,833 
Metal Solutions493,054 438,577 907,534 816,645 
Total reportable segment net sales1,448,363 1,429,532 2,660,109 2,606,023 
Intersegment sales(4,966)(1,627)(7,365)(2,784)
Total net sales$1,443,397 $1,427,905 $2,652,744 $2,603,239 
Reportable segment adjusted EBITDA:
Windows & Doors$41,453 $79,920 $36,389 $122,287 
Siding & Accessories50,156 67,727 80,708 99,222 
Metal Solutions38,608 66,229 45,433 118,064 
Total reportable segment adjusted EBITDA130,217 213,876 162,530 339,573 
Corporate and Other(55,767)(48,363)(96,432)(89,156)
Impairment of long-lived assets(34,776)— (34,776)— 
Depreciation and amortization(111,963)(123,152)(214,831)(226,903)
Interest expense(128,209)(121,845)(254,138)(239,526)
Foreign exchange gain (loss)(2,759)4,053 (3,820)3,740 
Other income, net619 1,043 6,519 1,470 
Loss before income taxes$(202,638)$(74,388)$(434,948)$(210,802)
The following table sets forth net sales to third party customers, disaggregated by reportable segment:
Three Months EndedSix Months Ended
(Amounts in thousands)July 4, 2026June 28, 2025July 4, 2026June 28, 2025
Windows & Doors – Principally vinyl windows$629,277 $665,577 $1,177,539 $1,223,187 
Siding & Accessories:
Vinyl siding165,782 167,432 277,207 276,142 
Metal siding102,243 90,420 182,441 162,389 
Injection molded siding13,621 14,726 23,367 24,517 
Stone27,029 35,173 49,577 62,899 
Other products & services
12,391 16,000 35,079 37,460 
Total321,066 323,751 567,671 563,407 
Metal Solutions – Metal building products493,054 438,577 907,534 816,645 
Total net sales$1,443,397 $1,427,905 $2,652,744 $2,603,239 
The following table sets forth other financial data by reportable segment:
Three Months EndedSix Months Ended
(Amounts in thousands)July 4, 2026June 28, 2025July 4, 2026June 28, 2025
Depreciation and amortization:
Windows & Doors$50,058 $60,239 $98,757 $104,198 
Siding & Accessories26,777 27,039 53,136 50,959 
Metal Solutions33,371 34,443 59,706 69,127 
Depreciation and amortization for reportable segments110,206 121,721 211,599 224,284 
Corporate1,757 1,431 3,232 2,619 
Total depreciation and amortization$111,963 $123,152 $214,831 $226,903 
Capital expenditures:
Windows & Doors14,579 7,968 $28,748 $25,007 
Siding & Accessories5,723 9,104 12,588 14,614 
Metal Solutions15,023 12,674 19,259 21,403 
Capital expenditures for reportable segments35,325 29,746 60,595 61,024 
Corporate1,153 1,340 1,262 7,150 
Total capital expenditures$36,478 $31,086 $61,857 $68,174 
The following table sets forth key expenses disaggregated by reportable segment for the three months ended July 4, 2026:
(Amounts in thousands)Windows & DoorsSiding & AccessoriesMetal SolutionsTotal
Net sales$629,277 $321,066 $493,054 $1,443,397 
Intersegment net sales3,426 1,540 — 4,966 
Reportable segment net sales632,703 322,606 493,054 1,448,363 
Segment cost of sales(1)
(532,913)(244,255)(379,331)(1,156,499)
Segment selling, general and administrative expenses(2)
(58,337)(28,195)(75,115)(161,647)
Reportable segment adjusted EBITDA$41,453 $50,156 $38,608 $130,217 
Impairment of long-lived assets
(34,776)
Depreciation and amortization(111,963)
Corporate and Other(55,767)
Interest expense(128,209)
Foreign exchange loss
(2,759)
Other income, net619 
Loss before income taxes$(202,638)
(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 June 28, 2025:
(Amounts in thousands)Windows & DoorsSiding & AccessoriesMetal SolutionsTotal
Net sales$665,577 $323,751 $438,577 $1,427,905 
Intersegment net sales223 1,404 — 1,627 
Reportable segment net sales665,800 325,155 438,577 1,429,532 
Segment cost of sales(1)
(521,642)(230,464)(306,946)(1,059,052)
Segment selling, general and administrative expenses(2)
(64,238)(26,964)(65,402)(156,604)
Reportable segment adjusted EBITDA$79,920 $67,727 $66,229 $213,876 
Depreciation and amortization(123,152)
Corporate and Other(48,363)
Interest expense(121,845)
Foreign exchange loss
4,053 
Other income, net1,043 
Loss before income taxes$(74,388)
(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 six months ended July 4, 2026:
(Amounts in thousands)Windows & DoorsSiding & AccessoriesMetal SolutionsTotal
Net sales$1,177,539 $567,671 $907,534 $2,652,744 
Intersegment net sales4,942 2,423 — 7,365 
Reportable segment net sales1,182,481 570,094 907,534 2,660,109 
Segment cost of sales(1)
(1,019,080)(431,646)(706,575)(2,157,301)
Segment selling, general and administrative expenses(2)
(127,012)(57,740)(155,526)(340,278)
Reportable segment adjusted EBITDA$36,389 $80,708 $45,433 $162,530 
Impairment of long-lived assets(34,776)
Depreciation and amortization(214,831)
Corporate and Other(96,432)
Interest expense(254,138)
Foreign exchange gain
(3,820)
Other income, net6,519 
Loss before income taxes$(434,948)
(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 six months ended June 28, 2025:
(Amounts in thousands)Windows & DoorsSiding & AccessoriesMetal SolutionsTotal
Net sales$1,223,187 $563,407 $816,645 $2,603,239 
Intersegment sales358 2,426 — 2,784 
Reportable segment net sales1,223,545 565,833 816,645 2,606,023 
Segment cost of sales(1)
(974,290)(412,526)(569,804)(1,956,620)
Segment selling, general and administrative expenses(2)
(126,968)(54,085)(128,777)(309,830)
Reportable segment adjusted EBITDA$122,287 $99,222 $118,064 $339,573 
Depreciation and amortization(226,903)
Corporate and Other(89,156)
Interest expense(239,526)
Foreign exchange loss3,740 
Other income, net1,470 
Loss before income taxes$(210,802)
(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:
(Amounts in thousands)July 4, 2026December 31, 2025
Property, plant and equipment, net:
Windows & Doors$340,156 $353,253 
Siding & Accessories155,197 186,335 
Metal Solutions608,430 498,181 
Property, plant and equipment, net by reportable segments1,103,783 1,037,769 
Corporate12,320 20,840 
Total property, plant and equipment, net$1,116,103 $1,058,609 
Total assets:
Windows & Doors$2,379,586 $2,437,569 
Siding & Accessories1,751,446 1,687,914 
Metal Solutions1,840,200 1,838,466 
Total assets by reportable segment5,971,232 5,963,949 
Corporate209,336 244,787 
Total assets$6,180,568 $6,208,736