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.

Steelcase (SCS) reports solid Q3 results, eyes growth opportunities

Steelcase (SCS) delivered a solid performance in Q3 2025, driven by growth in the Americas segment and diversification efforts in healthcare. While facing challenges from supply chain disruptions and industry growth slowdown, the company is focused on seizing opportunities in workplace trends and market expansion. With a strong financial position and strategic initiatives in place, Steelcase is poised for continued growth and success in fiscal 2026.

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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.

The fiscal 2021 Steelcase Impact Report shares key commitments and accomplishments around the company's environmental, social and governance efforts The fiscal 2021 Steelcase Impact Report shares key commitments and accomplishments around the company's environmental, social and governance efforts

Steelcase Outlines ESG Goals and Priorities in Annual Impact Report

Sales still didn't recover from the coronavirus pandemic crisis. Prices for raw materials are declining again after skyrocketing during the first half of calendar 2021.

Steelcase: Good Time To Start Averaging Down

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GRAND RAPIDS, Mich., Aug. 16, 2021 /PRNewswire/ -- Steelcase (NYSE: SCS) today announces an exclusive agreement with Kontrol Technologies Corp. (NEO: KNR) (OTCQB: KNRLF) (FSE: 1K8) to offer customers in the U.S. and Canada access to Kontrol BioCloud® viral detection technology.

Steelcase teams up with Kontrol Technologies to provide air quality monitoring and viral detection technology

While the company's stock rallied 47% from levels of around $9 on March 23, 2020, when broader markets made the bottom, to levels of around $14 currently - SCS stock saw subdued performance compared to the overall market.

Is Steelcase Stock A Buy?

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Steelcase Inc. (SCS) CEO Jim Keane on Q1 2022 Results - Earnings Call Transcript

Shares of Steelcase (NYSE:SCS) rose in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share were down 33.33% over the past year to ($0.24), which beat the estimate of ($0.31).

Recap: Steelcase Q1 Earnings

GRAND RAPIDS, Mich., June 23, 2021 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) today reported first quarter revenue of $556.6 million and a net loss of $28.1 million, or $0.24 per share. In the prior year, Steelcase reported revenue of $482.8 million and a net loss of $38.1 million, or $0.33 per share and an adjusted loss of $0.18 per share.

Steelcase Reports First Quarter Fiscal 2022 Results

On Wednesday, June 23, Steelcase (NYSE:SCS) will release its latest earnings report. Here is Benzinga's outlook for the company.

Earnings Preview for Steelcase

Steelcase: The Workspace Comeback Play

Sara Armbruster to Become President and Chief Executive Officer, Effective October 4, 2021 Sara Armbruster to Become President and Chief Executive Officer, Effective October 4, 2021

Jim Keane, President and CEO of Steelcase Inc., Announces Retirement

Steelcase Inc. (SCS) CEO Jim Keane on Q4 2021 Results - Earnings Call Transcript

Shares of Steelcase (NYSE:SCS) decreased in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share decreased 84.62% year over year to $0.06, which beat the estimate of ($0.01).

Steelcase: Q4 Earnings Insights

GRAND RAPIDS, Mich., March 23, 2021 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) today reported fourth quarter revenue of $677.1 million and net income of $6.6 million, or diluted earnings of $0.06 per share, which included $1.6 million of pre-tax restructuring costs. In the prior year, Steelcase reported $946.2 million of revenue and net income of $66.5 million, or diluted earnings of $0.55 per share and adjusted earnings of $0.39 per share.

Steelcase Reports Fourth Quarter and Fiscal 2021 Results

Steelcase (NYSE:SCS) unveils its next round of earnings this Tuesday, March 23. Get prepared with Benzinga's ultimate preview for Steelcase's Q4 earnings.

Earnings Outlook For Steelcase

GRAND RAPIDS, Mich., March 03, 2021 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) will webcast a discussion of its fourth quarter and fiscal year 2021 financial results on Wednesday, March 24, 2021 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, March 23, 2021, after the market closes.

Steelcase to Webcast Fourth Quarter and Fiscal 2021 Conference Call

GRAND RAPIDS, Mich., Jan. 26, 2021 (GLOBE NEWSWIRE) -- Steelcase Foundation today announced Daniel Williams, EdD will serve as its next president. Williams will officially start in his new role effective February 22, 2021. He most recently served as the President and CEO of the West Michigan Center for Arts and Technology (WMCAT).

Steelcase Foundation Appoints Daniel Williams as New President

Steelcase recognized among top 400 U.S. companies for giving to communities in which they operate Steelcase recognized among top 400 U.S. companies for giving to communities in which they operate

Steelcase Named One of America's Most Responsible Companies by Newsweek

Steelcase Inc. (SCS) CEO Jim Keane on Q3 2021 Results - Earnings Call Transcript

GRAND RAPIDS, Mich., Dec. 17, 2020 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) today reported third quarter revenue of $617.5 million and net income of $2.1 million, or diluted earnings of $0.02 per share, which included $11.4 million of pre-tax restructuring costs related to previously announced workforce reductions. Excluding those charges, net of related income tax benefits, adjusted earnings were $0.08 per share. The results also reflected a delay of approximately $60 million of revenue to the fourth quarter due to a temporary global operations shutdown implemented to protect the company's systems during a cyberattack. In the prior year, Steelcase reported $955.2 million of revenue and net income of $54.9 million, or diluted earnings of $0.46 per share.

Steelcase Reports Third Quarter Fiscal 2021 Results

We believe that Steelcase Inc stock may be a decent opportunity at the present time. Steelcase is a US-based furniture company producing office furniture, architectural, and technology products for office environments, and to some extent in the education, health care, and retail industries.

20% Upside For Steelcase?

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Despite more than a 35% rise from its March lows of this year, at the current price of $10 per share, we believe Steelcase Inc stock is undervalued. Steelcase is a US-based furniture company producing office furniture, architectural and technology products for office environments and to some.

Work-From-Home Effect: Steelcase Stock Won’t See Full Recovery

Steelcase Inc. (SCS) CEO Jim Keane on Q2 2021 Results - Earnings Call Transcript

News for Steelcase Stock (SCS)