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.

Shares of the office furniture maker rose dramatically, but not because of anything it said or did. Here's why investors were excited anyway.

Why Steelcase Stock Jumped as Much as 15% Today

Steelcase Inc., a maker of furniture settings and interior architectural products, said Tuesday it is cutting jobs permanently, while restoring pay to its salaried workers, executives and board members.

Steelcase announces permanent job cuts and restoration of pay to salaried workers, executives and board

GRAND RAPIDS, Mich., Sept.  01, 2020  (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) announced that it is making permanent cost structure changes in its Americas segment and corporate functions.  The actions include early retirements, voluntary separations and involuntary separations of approximately 300 salaried employees, representing approximately 8% of the company’s salaried workforce in the Americas and Corporate, as well as early retirements of approximately 160 hourly employees.  In addition, 65 salaried employees have volunteered for part-time roles or temporary layoffs for periods ranging from three to six months.

Steelcase Announces Workforce Reductions and Pay Restoration

Carbon reductions targeted across company operations to align with ambitious climate science goals Carbon reductions targeted across company operations to align with ambitious climate science goals

Steelcase Announces Carbon Neutrality and Goal to be Carbon Negative by 2030

Herman Miller

America's biggest office furniture manufacturers got the rug pulled out from under them by the COVID-19 pandemic.

Work-from-home boom is a bust for big office furniture makers

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Alliance offers designers and customers access to the family-owned company’s portfolio of furniture through the reliable Steelcase dealer network

Steelcase Announces Relationship with Italian Furniture Maker Mattiazzi

GRAND RAPIDS, Mich., July  08, 2020  (GLOBE NEWSWIRE) -- Recently, Steelcase was named a 2020 honoree of The Civic 50, an initiative of Points of Light. The company’s expansive involvement in community programs – including a mix of volunteered time, product/service donations and financial gifts, as well as the integration of community commitment into business policies and practices – led to the recognition.

Steelcase Recognized as One of the 50 Most Community-Minded Companies in the United States

The office furniture maker is suffering from the work-from-home COVID-19 mitigation effort.

Why Steelcase Stock Fell Today

Steelcase Inc. (SCS) CEO James Keane on Q1 2021 Results - Earnings Call Transcript

Steelcase Inc. (SCS) CEO Jim Keane on Q1 2021 Results - Earnings Call Transcript

Steelcase (SCS) earnings for the furniture company's fiscal first quarter of 2021 have SCS stock falling hard after markets closed on Tuesday
The post Steelcase Earnings: SCS Stock Falls 7% on Q1 Misses appeared first on InvestorPlace.
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Steelcase Earnings: SCS Stock Falls 7% on Q1 Misses

GRAND RAPIDS, Mich., June  30, 2020  (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) today reported first quarter revenue of $482.8 million and a net loss of $38.1 million, or a loss of $0.33 per share.  The results included a non-cash goodwill impairment charge which increased the net loss by $17.6 million, or $0.15 per share.  The adjusted net loss in the quarter totaled $20.5 million, or $0.18 per share.  In the prior year, Steelcase reported $824.3 million of revenue and net income of $17.8 million, or diluted earnings of $0.15 per share.

Steelcase Reports First Quarter Fiscal 2021 Results

Bourouiba Research Group will work with Steelcase to understand how the workplace can help mitigate disease transmission Bourouiba Research Group will work with Steelcase to understand how the workplace can help mitigate disease transmission

Steelcase Teams Up With MIT Researchers To Help Create Safer Workplaces

Steelcase Inc. SCS, +3.50% said Tuesday it was recalling most of its manufacturing employees that were furloughed, as government restrictions related to the COVID-19 pandemic have begun to ease.

Steelcase recalls most of furloughed manufacturing workers

GRAND RAPIDS, Mich., May  26, 2020  (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) announced today it has called back most of its manufacturing workforce from temporary layoffs as government restrictions related to the COVID-19 pandemic are beginning to ease.  All of the company’s manufacturing and distribution locations around the world are open, with some locations in the process of scaling up capacity levels and a few locations continuing to be subject to government restrictions that prevent them from operating at normal capacity.  Many office and showroom locations are also beginning to reopen, although some remain restricted under stay-at-home mandates.

Steelcase Provides Update on Status of Operations, Selected Financial Metrics and Liquidity

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Steelcase joins a collaborative effort to rapidly design, manufacture and deploy healthcare resources at scale; urges others to join the effort Steelcase joins a collaborative effort to rapidly design, manufacture and deploy healthcare resources at scale; urges others to join the effort

Steelcase Combats COVID-19 Global Pandemic; Commits to Supply Critical Medical PPE Equipment Needs

Steelcase Inc. (SCS) CEO James Keane on Q4 2020 Results - Earnings Call Transcript

Steelcase (SCS) earnings for the U.S. furniture company's fiscal fourth quarter of 2020 have SCS stock unmoving after-hours Tuesday.

Steelcase Earnings: SCS Stock Not Moving Despite Reporting Q4 Beat

On Tuesday, March 24, Steelcase (NYSE: SCS) will release its latest earnings report.

Q4 Earnings Preview For Steelcase

GRAND RAPIDS, Mich., Feb.  24, 2020  (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) today announced it has sold all of the issued and outstanding capital stock of PolyVision Corporation to an affiliate of Industrial Opportunity Partners.

Steelcase Sells PolyVision to Industrial Opportunity Partners

Company also recognized as a Best Place to Work for LGBTQ Equality Company also recognized as a Best Place to Work for LGBTQ Equality

Steelcase Named One of the World’s Most Admired Companies

Let's see if Steelcase (SCS) stock is a good choice for value-oriented investors right now from multiple angles.

News for Steelcase Stock (SCS)