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.

GRAND RAPIDS, Mich., June 16, 2022 (GLOBE NEWSWIRE) -- Today, Steelcase has been recognized by The Civic 50 as one of the fifty most community-minded companies in the United States.

Steelcase Recognized as One of America's 50 Most Community-Minded Companies

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GRAND RAPIDS, Mich., June 01, 2022 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) will webcast a discussion of its first quarter fiscal year 2023 financial results on Thursday, June 23, 2022 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 22, 2022, after the market closes.

Steelcase to Webcast First Quarter Conference Call

Steelcase ranked #43 on Forbes list for 2022 Steelcase ranked #43 on Forbes list for 2022

Steelcase Named a Best Employer for New Graduates by Forbes

Expected acquisition will add to the company's expanding community of brands, providing designers and customers with an extensive range of wood furnishings and fueling the growth of HALCON Expected acquisition will add to the company's expanding community of brands, providing designers and customers with an extensive range of wood furnishings and fueling the growth of HALCON

Steelcase to Acquire HALCON, Maker of Finely Crafted Wood Furniture for the Modern Workplace

Steelcase Inc. (SCS) CEO Sara Armbruster on Q4 2022 Results - Earnings Call Transcript

GRAND RAPIDS, Mich., March 23, 2022 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) today reported fourth quarter revenue of $753.1 million and a net loss of $2.2 million, or $0.02 per share. In the prior year, Steelcase reported revenue of $677.1 million and net income of $6.6 million, or $0.06 per share.

Steelcase Reports Fourth Quarter and Fiscal 2022 Results

GRAND RAPIDS, Mich., March 03, 2022 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) will webcast a discussion of its fourth quarter and fiscal year 2022 financial results on Thursday, March 24, 2022 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, 2022, after the market closes.

Steelcase to Webcast Fourth Quarter and Fiscal 2022 Conference Call

For the 16th time, the company earned a place on Fortune Magazine's prestigious list For the 16th time, the company earned a place on Fortune Magazine's prestigious list

Steelcase Named One of the World's Most Admired Companies

Steelcase Inc. (SCS) CEO Sara Armbruster on Q3 2022 Results - Earnings Call Transcript

Steelcase (NYSE:SCS) reported its Q3 earnings results on Thursday, December 16, 2021 at 04:05 PM. Here's what investors need to know about the announcement.

Recap: Steelcase Q3 Earnings

GRAND RAPIDS, Mich., Dec. 16, 2021 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) today reported third quarter revenue of $738.2 million and net income of $9.6 million, or $0.08 per share. In the prior year, Steelcase reported revenue of $617.5 million and net income of $2.1 million, or $0.02 per share and adjusted earnings of $0.08 per share.

Steelcase Reports Third Quarter Fiscal 2022 Results

Steelcase (NYSE:SCS) is set to give its latest quarterly earnings report on Thursday, 2021-12-16. Here's what investors need to know before the announcement.

Steelcase Earnings Preview

Steelcase had a robust operating history in the years leading up to the COVID-19 pandemic, but the crisis proved to be painful for shareholders. This year, the picture is continuing to show signs of decline, but this doesn't mean the company is a bad prospect.

Steelcase: When Returns Justify Trying To Catch A Falling Knife

GRAND RAPIDS, Mich., Nov. 01, 2021 (GLOBE NEWSWIRE) -- Steelcase, Inc. (NYSE: SCS) announces that Dave Sylvester, Senior Vice President, CFO and Allan Smith, Senior Vice President, Chief Revenue Officer, will participate in the Water Tower Research Fireside Chat Series on Wednesday, November 3, 2021, at 10:00 a.m. ET via live webcast. A link to the webcast registration is available at http://ir.steelcase.com.

Steelcase to Participate in Water Tower Research Fireside Chat Series

Acquisition expected to drive strong global growth for Viccarbe and adds to Steelcase's growing portfolio of social and collaborative furnishings, supporting a strategy to provide the widest range of aesthetic choices and price points in the industry. Acquisition expected to drive strong global growth for Viccarbe and adds to Steelcase's growing portfolio of social and collaborative furnishings, supporting a strategy to provide the widest range of aesthetic choices and price points in the industry.

Steelcase Acquires Spanish Design Company Viccarbe

We believe that Steelcase stock (NYSE: SCS), a designer, marketer, and manufacturer of office furniture and complementary products and services, is a good buying opportunity at the present time. SCS stock trades near $13 currently and it is, in fact, down 35% from its pre-Covid high of around $19.

What's Next For Steelcase Stock?

Armbruster is the 10th CEO in the 109-year history of Steelcase Armbruster is the 10th CEO in the 109-year history of Steelcase

Sara Armbruster becomes Steelcase President and Chief Executive Officer

Steelcase Inc. (SCS) CEO Jim Keane on Q2 2022 Results - Earnings Call Transcript

GRAND RAPIDS, Mich., Sept. 22, 2021 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) today reported second quarter revenue of $724.8 million and net income of $24.7 million, or $0.21 per share. In the prior year, Steelcase reported revenue of $818.8 million and net income of $55.5 million, or $0.47 per share and adjusted earnings of $0.55 per share. In the prior year, revenue benefited from a stronger beginning backlog due to pandemic-related restrictions on manufacturing and delivery activities during the previous quarter, and net income benefited from significant temporary cost reduction actions.

Steelcase Reports Second Quarter Fiscal 2022 Results

SCS is set to give its latest quarterly earnings report on Wednesday , 2021-09-22. Here's what investors need to know before the announcement.

Preview: Steelcase's Earnings

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.

News for Steelcase Stock (SCS)