Steelcase

Steelcase Inc. manufactures and sells integrated furniture settings, user-centered technologies, and interior architectural products. It operates through the Americas, EMEA, and Other Category segments. The firm’s furniture portfolio includes panel, fence and beam-based furniture systems, storage products, fixed and height-adjustable desks, benches, and tables, as well as complementary products, including work tools and screens. Its seating products consist of ergonomic task chairs, seating for collaborative or casual settings, and specialty seating for specific vertical markets, such as healthcare and education. The firm’s interior architectural products include full and partial height walls and architectural pods. It also provides textiles, wall coverings, and surface imaging solutions for architects and designers, and ceramic steel surfaces for use in various applications, including static whiteboards and chalkboards through third-party fabricators and distributors, as well as workplace strategy consulting, data-driven space measurement, lease origination, furniture and asset management, and hosted event services. The company markets and sells its products to corporate, government, healthcare, education, and retail customers under the Steelcase, Coalesse, Smith System, AMQ, Turnstone, Orangebox, Designtex, and PolyVision brands. Steelcase was founded by Peter Martin Wege, Walter D. Idema, and David Hunting on March 14, 1912 and is headquartered in Grand Rapids, MI.

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Steelcase Inc. surpasses Q1 expectations, eyes workplace trends for growth

Steelcase Inc.'s Q1 2024 performance exceeded expectations, with positive indicators for Q2. While challenges in the aviation market persist, the company is strategically positioned to leverage opportunities in the evolving workplace landscape.

Steelcase Inc. exceeds Q2 expectations, faces international challenges

Steelcase Inc. delivered strong Q2 results, exceeding expectations and demonstrating improved profitability. While facing challenges in international markets and declining orders, the company is focused on maintaining liquidity and exploring opportunities for acquisitions and debt reduction. The increasing demand for workplace transformation presents an opportunity for growth and adaptation to new ways of working.

Steelcase Inc. reports strong Q3 performance and focuses on workplace transformation

Steelcase Inc. demonstrated strong performance with notable improvements in gross margin and international segment profitability. However, challenges related to backlog impact, order strength, and profitability in different segments were highlighted. The company's focus on workplace transformation and sustainability presents opportunities for future growth and success.

Steelcase surpasses Q4 expectations, eyes growth amidst market challenges

Steelcase's Q4 2023 performance exceeded expectations, driven by strong revenue, gross margin improvement, and operational efficiencies.
Despite challenges such as inflation and supply chain disruptions, fiscal 2023 showcased resilience and growth, setting the stage for fiscal 2024 priorities.
Emphasis on workplace transformation, diversification, and profitability positions Steelcase for sustainable growth and market leadership in the future.
Strategic focus on profitability, operational efficiency, and market expansion highlights Steelcase's commitment to navigating market challenges and seizing growth opportunities.

Steelcase surpasses Q1 expectations, eyes growth through workplace innovation

Steelcase delivered strong Q1 results, focusing on operational improvements and strategic initiatives despite challenges in international markets. The company aims to drive growth through workplace innovation and efficiency enhancements.

Steelcase exceeds Q2 expectations, eyes growth in workplace transformation

Steelcase's strong Q2 performance, focus on profitability initiatives, and positive outlook for in-office presence mandates present a promising future. Challenges in international markets and varying customer relationships require strategic attention. Opportunities for growth lie in workplace transformation and maintaining financial strength.

Steelcase reports Q3 growth, focuses on sustainability for future success

Steelcase demonstrated strong performance in Q3 with notable improvements in gross margin and profitability across segments, despite some financial metrics falling slightly below expectations.
The company's focus on sustainability and innovation, along with a commitment to positive social and environmental impact, highlights its strategic alignment with evolving market trends and customer preferences.
While facing challenges in flat Q4 revenue growth, Steelcase's outlook for fiscal 2025 presents opportunities for organic revenue growth, improved earnings, and continued focus on profitability and margin enhancement.

Steelcase (SCS) reports strong Q4 earnings, eyes ERP optimization

Steelcase's Q4 2024 earnings call highlighted robust financial results, strategic initiatives for growth, and a strong balance sheet. With a focus on workplace innovation and customer diversification, the company aims for mid-single-digit order growth and organic revenue growth of 1% to 5% in fiscal 2025.

Steelcase Q1 2025 Earnings Beat Expectations, Growth Ahead

Steelcase's Q1 2025 earnings call highlighted significant financial performance, innovative product launches, and strategic collaborations. With a strong order growth and a positive outlook for Q2, the company remains optimistic about achieving its fiscal 2025 targets amid stable macroeconomic conditions.

Steelcase reports robust Q2 earnings, eyes global workplace transformation

Steelcase's Q2 2025 earnings call showcased strong financial results, a focus on workplace transformation, and commitment to social impact. While facing challenges like order declines and project timing risks, the company remains confident in achieving its fiscal 2025 targets.

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Steelcase, Inc. engages in the manufacture and distribution of office environments. It operates through the following segments: Americas, EMEA, and Other. The Americas segment serves customers in the US, Canada, the Caribbean Islands, and Latin America through the Steelcase, AMQ, Coalesse, HALCON, Orangebox, Smith System, and Viccarbe brands. The EMEA segment provides service to customers in Europe, the Middle East, and Africa under the Steelcase, Coalesse, Orangebox and Viccarbe brands. The Other segment includes Asia Pacific and Designtex. The company was founded by Peter Martin Wege, Walter D. Idema, and David Hunting on March 14, 1912 and is headquartered in Grand Rapids, MI.

Steelcase Inc. stock has increased by 105.69% in the past year but is still below historic levels. The company's Q3 earnings per share beat expectations by $0.70, but revenue fell short. Steelcase has seen a 15% year-over-year increase in orders and has shown improved gross profit margin and liquidity.

Steelcase: Improving Profits And Strong Cash Flow Generation (Rating Upgrade)

Steelcase (SCS) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Earnings Estimates Rising for Steelcase (SCS): Will It Gain?

Steelcase (SCS) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Steelcase Inc. (SCS) Hit a 52 Week High, Can the Run Continue?

Steelcase Inc. (SCS) Q3 2024 Earnings Call Transcript

Steelcase (SCS) came out with quarterly earnings of $0.30 per share, beating the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.20 per share a year ago.

Steelcase (SCS) Q3 Earnings Surpass Estimates

GRAND RAPIDS, Mich., Dec. 19, 2023 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) today reported third quarter revenue of $777.9 million, net income of $30.8 million, or $0.26 per share, and adjusted earnings per share of $0.30. In the prior year, Steelcase reported revenue of $826.9 million, net income of $11.4 million, or $0.10 per share, and adjusted earnings per share of $0.20.

Steelcase Reports Third Quarter Fiscal 2024 Results

Steelcases (SCS) third-quarter fiscal 2024 earnings and revenues are expected to have decreased year over year.

Steelcase Inc. (SCS) to Report Q3 Earnings: What's in the Offing?

GRAND RAPIDS, Mich., Nov. 29, 2023 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) will webcast a discussion of its third quarter fiscal year 2024 financial results on Wednesday, December 20, 2023 at 8:30 a.m. ET. A link to the webcast will be available at http://ir.steelcase.com and a replay of the webcast will be available shortly after the call concludes. The news release detailing the financial results will be issued the previous day, December 19, 2023, after the market closes.

Steelcase to Webcast Third Quarter Fiscal 2024 Conference Call

BOSTON--(BUSINESS WIRE)--Black Friday deals researchers at Save Bubble are reviewing any early Black Friday 2023 offers on Steelcase office chairs & adjustable height desks.

Steelcase Black Friday (2023): Review of Early Offers Researched by Save Bubble

New report demonstrates measurable progress toward building community and belonging for people and reducing environmental impact with ambitious climate goals. GRAND RAPIDS, Mich.

Steelcase 2023 Impact Report Announces Significant Progress Toward the Wellbeing of People and the Planet

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The organization ranks among only 7% of Fortune 1000 and S&P 500 companies with more than half of their board of directors comprised of women. GRAND RAPIDS, Mich.

Steelcase Recognized for Advancing and Supporting Women

BOSTON--(BUSINESS WIRE)--Spending Lab researchers share early Steelcase offers and deals for Black Friday 2023, including offers on Steelcase Series 2 & 1, Amia & Leap.

Steelcase Black Friday (2023): Summary of Early Adjustable Height Desk, Office Chair & More Offers Researched by Spending Lab

GRAND RAPIDS, Mich., Oct. 24, 2023 (GLOBE NEWSWIRE) -- To help organizations achieve their sustainability and social responsibility goals, Steelcase, a global design and thought leader in the world of work, today publishes new research that found global business leaders' priorities for people and the planet are growing.

Steelcase Research Finds Leaders' Priorities Shift

With more workers expected to return to the office, Steelcase is likely to experience a favorable environment for revenue recovery. Margins are also expected to improve further due to lower raw material prices. Despite the absence of a specific triggering factor, the company appears to be undervalued and is likely to attract investors' attention.

Steelcase: Back To Office, Back On Growth

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What Makes Steelcase (SCS) a Strong Momentum Stock: Buy Now?

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Steelcase (SCS) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

Steelcase (SCS) Shows Fast-paced Momentum But Is Still a Bargain Stock

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Steelcase delivered better-than-expected revenue and strong earnings growth with its latest quarter. Management credited the beat to pricing power and improved fulfillment patterns.

Why Steelcase Stock Popped 21.3% This Week

Steelcase (SCS) Is Up 4.25% in One Week: What You Should Know

Why Steelcase (SCS) Might be Well Poised for a Surge

Steelcase beat estimates on the top and bottom lines. Revenue growth is still challenged, but it's raising prices and expanding margins.

News for Steelcase Stock (SCS)