Reportable Segment and Geographical Information (Tables)

3 Months Ended

Mar. 29, 2025

Schedule of Segment Reporting Information, by Segment

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, 2025		March 30, 2024
Reportable segment net sales:
Aperture Solutions	$	557,746	$	529,949
Surface Solutions	240,679		275,403
Shelter Solutions	378,068		341,511
Total reportable segment net sales	1,176,493		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 Solutions	31,495		43,235
Shelter Solutions	51,835		56,077
Total adjusted reportable segment EBITDA	125,697		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, net	427		2,883
Loss before income taxes	$	(136,414)	$	(103,239)

The following table sets forth other financial data by reportable segment:


	Three Months Ended
	March 29, 2025		March 30, 2024
Depreciation and amortization:
Apertures	$	43,959	$	41,438
Surfaces	23,920		26,530
Shelters	34,684		25,638
Depreciation and amortization for reportable segments	102,563		93,606
Corporate	1,188		711
Total depreciation and amortization	$	103,751	$	94,317

Capital expenditures:
Apertures	$	17,039	$	18,515
Surfaces	5,510		12,088
Shelters	8,729		18,457
Capital expenditures for reportable segments	31,278		49,060
Corporate	5,810		3,384
Total capital expenditures	$	37,088	$	52,444

The following table sets forth property, plant and equipment, net, and total assets disaggregated by reportable segment:


	March 29, 2025		December 31, 2024
Property, plant and equipment, net:
Aperture Solutions	$	376,679	$	377,786
Surface Solutions	193,120		193,235
Shelter Solutions	527,368		538,725
Property, plant and equipment, net by reportable segments	1,097,167		1,109,746
Corporate	21,859		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 Solutions	1,771,642		1,810,815
Shelter Solutions	1,613,867		1,631,139
Total assets by reportable segment	6,352,872		6,338,034
Corporate	308,609		347,112
Total assets	$	6,661,481	$	6,685,146

Schedule of Disaggregation of Revenue

The following table sets forth net sales, to third party customers, disaggregated by reportable segment:


	Three Months Ended
	March 29, 2025		March 30, 2024
Aperture Solutions – Principally vinyl windows	$	557,610	$	529,840
Surface Solutions:
Vinyl siding	108,710		134,464
Metal siding	71,969		76,017
Injection molded siding	9,791		11,696
Stone	27,726		14,122
Stone veneer installation and other	21,460		38,037
Total	239,656		274,336
Shelter Solutions – Metal building products	378,068		341,511
Total net sales	$	1,175,334	$	1,145,687

Schedule of Disaggregated Expenses by Reportable Segment

The following tables sets forth key expenses disaggregated by reportable segment for the year ended March 29, 2025:


	Aperture Solutions		Surface Solutions		Shelter Solutions		Total
Net sales	$	557,610	$	239,656	$	378,068	$	1,175,334
Intersegment sales	136		1,023		—		1,159
Reportable segment net sales	557,746		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, net							427
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 Solutions		Surface Solutions		Shelter Solutions		Total
Net sales	$	529,840	$	274,336	$	341,511	$	1,145,687
Intersegment sales	109		1,067		—		1,176
Reportable segment net sales	529,949		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, net							2,883
Loss before income taxes							$	(103,239)

Cornerstone Building Brands, Inc. 10-Q