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. (NYSE:SCS ) Q2 2024 Earnings Conference Call September 20, 2023 8:30 AM ET Company Participants Mike O'Meara - IR Sara Armbruster - President and CEO Dave Sylvester - SVP and CFO Conference Call Participants Greg Burns - Sidoti Reuben Garner - Benchmark Budd Bugatch - Water Tower Research Steven Ramsey - Thompson Research Group Budd Bugatch - Water Tower Research Operator Good morning. My name is Rob, and I will be your conference operator today.

Steelcase Inc. (SCS) Q2 2024 Earnings Call Transcript

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

Here Is Why Bargain Hunters Would Love Fast-paced Mover Steelcase (SCS)

Steelcase Inc (NYSE:SCS) stock was up around 4% in Wednesday's early deals after the office furniture firm gave more upbeat outlook amidst the trend for ‘back to office' mandates across many business sectors in 2023. As more employers revert, either to full-time or hybrid office work, the company said it was “optimistic” of improving demand for its chairs, desk and office storage products.

Steelcase stocks gains on office furniture brand positive guidance

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Shares of Steelcase Inc. SCS gained 3% after the office-furniture maker called for “significantly improved” profit as more companies order their employees back to the office.

Instacart stock slips after IPO, Dollar General shares hit by downgrade and other stocks on the move

Steelcase (SCS) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.21 per share a year ago.

Steelcase (SCS) Q2 Earnings and Revenues Beat Estimates

Shares of Steelcase Inc. rallied after hours on Tuesday, after the office-furniture maker said it expects “significantly improved” profit as more employers order their workers back to the office.

Steelcase expects ‘significantly improved' profit, as more employees return to offices

GRAND RAPIDS, Mich., Sept. 19, 2023 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) today reported second quarter revenue of $854.6 million, net income of $27.5 million, or $0.23 per share, and adjusted earnings per share of $0.31. In the prior year, Steelcase reported revenue of $863.3 million, net income of $19.6 million, or $0.17 per share, and adjusted earnings per share of $0.21.

Steelcase Reports Second Quarter Fiscal 2024 Results

The average of price targets set by Wall Street analysts indicates a potential upside of 29.6% in Steelcase (SCS). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Predict a 29.63% Upside in Steelcase (SCS): Here's What You Should Know

GRAND RAPIDS, Mich., Aug. 29, 2023 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) will webcast a discussion of its second quarter fiscal year 2024 financial results on Wednesday, September 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, September 19, 2023, after the market closes.

Steelcase to Webcast Second Quarter Fiscal 2024 Conference Call

GRAND RAPIDS, Mich., Aug. 16, 2023 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) announces that Dave Sylvester, Senior Vice President and CFO, and Mike O'Meara, Director, Investor Relations, will present at the Midwest IDEAS Investor Conference on Wednesday, August 23, 2023, at 2:20 p.m. EDT via live webcast. A link to the webcast will be available at http://ir.steelcase.com.

Steelcase to Participate in Midwest IDEAS Investor Conference

The furniture maker unveiled its latest set of quarterly earnings. It beat analyst estimates on both the top and bottom lines.

Why Steelcase Stock Rocketed 8% Higher on Thursday

Steelcase Inc. (NYSE:SCS ) Q1 2024 Earnings Conference Call June 22, 2023 8:30 AM ET Company Participants Mike O'Meara - Investor Relations Sara Armbruster - President and Chief Executive Officer Dave Sylvester - Senior Vice President and Chief Financial Officer Conference Call Participants Greg Burns - Sidoti Reuben Garner - Benchmark Steven Ramsey - Thompson Research Group Budd Bugatch - Water Tower Research Operator Good morning. My name is Rob, and I will be your conference operator today.

Steelcase Inc. (SCS) Q1 2024 Earnings Call Transcript

Steelcase (SCS) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of a loss of $0.03 per share. This compares to loss of $0.05 per share a year ago.

Steelcase (SCS) Q1 Earnings and Revenues Top Estimates

Shares of office-furniture supplier Steelcase Inc. SCS, -1.90% rose on Wednesday reported first-quarter results that beat estimates, but its second-quarter sales forecast came up short of Wall Street's expectations, as demand remains in flux even as more corporate staff return to offices. The company reported first-quarter net income of $1.5 million, or 1 cent per share, contrasting with a loss of $11.4 million, or 10 cents a share, in the same quarter last year.

Steelcase stock rises after earnings, although executives warn of ‘challenging' environment for workplace furniture

GRAND RAPIDS, Mich., June 21, 2023 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) today reported first quarter revenue of $751.9 million, net income of $1.5 million, or $0.01 per share, and adjusted earnings per share of $0.09. In the prior year, Steelcase reported revenue of $740.7 million, a net loss of $11.4 million, or $0.10 per share, and an adjusted loss per share of $0.05.

Steelcase Reports First Quarter Fiscal 2024 Results

GRAND RAPIDS, Mich., June 13, 2023 (GLOBE NEWSWIRE) -- At NeoCon 2023 this week, Steelcase and its community of brands are showcasing new solutions to help organizations create diverse, vibrant and sustainable workplaces.

Steelcase Showcases New Solutions that go Beyond Hybrid and Deliver on Sustainability Commitments at NeoCon 2023

The global furniture manufacturer continues to be ranked among the top two percent in the industry and is awarded Gold for the third consecutive year The global furniture manufacturer continues to be ranked among the top two percent in the industry and is awarded Gold for the third consecutive year

Steelcase Receives Gold Rating from EcoVadis for Industry-Leading Work Caring for People and the Planet, Earns Perfect Score on Environmental Scorecard

GRAND RAPIDS, Mich., June 01, 2023 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) will webcast a discussion of its first quarter fiscal year 2024 financial results on Thursday, June 22, 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, June 21, 2023, after the market closes.

Steelcase to Webcast First Quarter Fiscal 2024 Conference Call

GRAND RAPIDS, Mich., May 23, 2023 (GLOBE NEWSWIRE) -- Steelcase has been recognized by The Civic 50 as one of the fifty most community-minded companies in the United States for the sixth year and has additionally been named its 2023 Strategic Volunteering Award winner.

The Civic 50 Names Steelcase One of America's 50 Most Community-Minded Companies and Strategic Volunteering Award Winner

Steelcase: A Turnaround Story (Rating Upgrade).

Steelcase: A Turnaround Story (Rating Upgrade)

Steelcase: Shares Remain Cheap Based Off Forward EPS Estimates

GRAND RAPIDS, Mich., April 17, 2023 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) will hold an Investor Day event Thursday, May 4, 2023, at the Steelcase WorkLife Center, 4 Columbus Circle, New York, NY. The event will also be available by live webcast. Presentations by Sara Armbruster, President and CEO, and other Steelcase management will begin at 9:00 a.m. ET.

Steelcase to Host, Webcast Investor Day May 4

Office furniture maker Steelcase Inc. (NYSE:SCS) stock may be staging a turnaround as it attempts to break out of a weekly descending triangle price pattern. Steelcase manufactures and sells office furniture to large corporations, hospitals, schools, and the government and sells its products through an extensive dealer network.

Steelcase Makes the Case for the Taking Longs

Price hikes led to an increase in profits. Management expects earnings to continue to rise in the new fiscal year.

Why Steelcase Stock Popped Today

Steelcase Inc. (NYSE:SCS ) Q4 2023 Earnings Conference Call March 23, 2023 8:30 AM ET Company Participants Mike O'Meara - Director, Investor Relations and Financial Planning and Analysis Sara Armbruster - President and Chief Executive Officer David Sylvester - Senior Vice President and Chief Financial Officer Conference Call Participants Reuben Garner - The Benchmark Company Greg Burns - Sidoti & Company Steven Ramsey - Thompson Research Group Rex Henderson - Water Tower Research Operator Good morning. My name is Regina and I will be your conference operator today.

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