Welcome to our dedicated page for Steelcase news (Ticker: SCS), a resource for investors and traders seeking the latest updates and insights on Steelcase stock.
Steelcase (SCS) delivers innovative office furniture and architectural solutions that transform workplaces globally. This news hub provides investors and professionals with timely updates on corporate developments, product innovations, and strategic initiatives shaping the future of work environments.
Access official press releases and curated news covering earnings reports, leadership changes, sustainability efforts, and technology partnerships. Our repository simplifies tracking SCS's market position in commercial interiors and hybrid collaboration solutions.
Key updates include new product launches, design research breakthroughs, and expansion of the company's global dealer network. Bookmark this page for direct access to verified information supporting informed analysis of Steelcase's performance in the evolving office solutions sector.
HNI (NYSE: HNI) reported Q3 2025 net sales $683.8M and GAAP diluted EPS $0.88 (down 10.2% YoY) and non‑GAAP diluted EPS $1.10 (up 6.8% YoY). Consolidated GAAP operating margin was 9.4% while non‑GAAP operating margin reached an all‑time third‑quarter high of 10.8%. The company reduced debt by $120M, ending the quarter with gross debt leverage of 0.9x. Management reiterated mid‑teens percent diluted non‑GAAP EPS growth for full‑year 2025 and said KII synergies plus a Mexico ramp are expected to add $0.75–$0.80 to diluted non‑GAAP EPS in 2025–2026. The pending Steelcase acquisition is expected to close before year‑end 2025.
Steelcase (NYSE:SCS), a global design leader, has released its 2025 Impact Report highlighting significant progress in community building and environmental sustainability. The report showcases the company's commitment to achieving net-zero carbon emissions by 2050.
Key achievements include a 31% reduction in Scope 1 and 2 emissions since FY2020, and a 37% reduction in Scope 3 emissions. The company's charitable giving reached $10.4 million in FY2025, with significant employee engagement through 72 volunteer projects and 186 community partnerships across 35 locations. Notably, Steelcase has doubled recycled content in its high-performance seating portfolio and expanded its Circular by Steelcase program for furniture sustainability.
Steelcase (NYSE: SCS) reported Q2 fiscal 2026 results with revenue growing 5% to $897.1 million and net income of $35.0 million ($0.29 per share). The company achieved adjusted earnings per share of $0.45, up from $0.39 in the prior year.
A significant highlight is the pending $2.2 billion merger with HNI Corporation, expected to close by end of 2025. The quarter saw organic revenue growth of 4%, with Americas segment up 3% and International segment up 8%. Orders grew 6% company-wide, primarily driven by strong demand from large corporate customers.
The company maintained a gross margin of 34.4% despite higher tariff and restructuring costs. Operating income decreased to $53.1 million from $90.0 million, largely due to restructuring costs and merger-related expenses. The Board declared a quarterly dividend of $0.10 per share.
[ "Merger agreement with HNI Corporation valued at $2.2 billion", "Revenue growth of 5% to $897.1 million", "Orders grew 6% year-over-year, led by large corporate customers", "Adjusted earnings per share increased to $0.45 from $0.39", "Strong International organic revenue growth of 8%", "Maintained stable gross margin at 34.4%" ]Steelcase (NYSE:SCS) has announced it will host a webcast to discuss its second quarter fiscal 2026 financial results on Thursday, September 25, 2025, at 8:30 a.m. ET. The company will release its financial results after market close on September 24, 2025.
Investors can access the webcast through the company's investor relations website at http://ir.steelcase.com, where a replay will also be available following the presentation.
HNI Corporation (NYSE: HNI) has announced a definitive agreement to acquire Steelcase Inc. (NYSE: SCS) in a cash and stock transaction valued at approximately $2.2 billion. Under the deal terms, Steelcase shareholders will receive $7.20 in cash and 0.2192 HNI shares for each Steelcase share, implying an $18.30 per share purchase price.
The combined company will have pro forma annual revenue of $5.8 billion and pro forma Adjusted EBITDA of $745 million. Expected annual run-rate synergies total $120 million. Post-closing, HNI shareholders will own approximately 64% of the combined company, while Steelcase shareholders will retain 36%.
The transaction is expected to close by the end of 2025, subject to shareholder and regulatory approvals. Jeffrey Lorenger will continue as CEO of the combined company, with HNI maintaining its Muscatine, Iowa headquarters while preserving Steelcase's Grand Rapids, Michigan location.
Steelcase (NYSE:SCS) reported strong Q1 fiscal 2026 results with revenue growing 7% to $779.0 million. Net income reached $13.6 million, or $0.11 per share, with adjusted EPS of $0.20, up from $0.16 in the prior year.
The company saw 9% growth in Americas driven by large corporate, government, and healthcare customers, while International segment saw a 1% decline. Gross margin improved by 170 basis points to 33.9%, and operating income increased 45% to $25.5 million.
For Q2 FY2026, Steelcase expects revenue between $860-890 million and adjusted EPS of $0.36-0.40. The company also declared a quarterly dividend of $0.10 per share.
Steelcase (NYSE: SCS) reported strong Q4 and fiscal 2025 results, with Q4 revenue of $788.0 million and net income of $27.6 million ($0.23 per share). Orders grew 9% in Q4, driven by 12% growth in Americas, marking the sixth consecutive quarter of year-over-year growth in this region.
For fiscal 2025, the company achieved revenue of $3.2 billion and net income of $120.7 million ($1.02 per share). Key highlights include: gross margin improvement of 110 basis points, operating income margin reaching 5.0%, and $84 million returned to shareholders.
Looking ahead to fiscal 2026, Steelcase expects Q1 revenue between $760-785 million (4-8% growth) and earnings per share of $0.10-0.14. The company targets mid-single digit organic revenue growth and modest improvement in adjusted operating income margin for fiscal 2026.
Steelcase (NYSE: SCS) has announced it will host a webcast to discuss its fourth quarter and fiscal year 2024 financial results on March 27, 2025, at 8:30 a.m. ET. The company will release its detailed financial results the previous day, March 26, 2025, after market close. The webcast will be accessible through the investor relations website, and a replay will be made available shortly after the call ends.
Steelcase (NYSE: SCS) has appointed Megan Blazina as vice president, chief legal officer and secretary, effective March 17, 2025. Blazina, who will report to CEO Sara Armbruster, brings over 24 years of experience to the role.
Coming from Whirlpool where she served as North American vice president & general counsel, Blazina will oversee legal services, compliance, corporate strategy, global trade, government affairs and sustainability at Steelcase. Her extensive background includes expertise in litigation, commercial matters, compliance, intellectual property, M&A, ESG, regulatory matters, and corporate governance.
Prior to Whirlpool, Blazina held legal positions at Carlson Companies, Foley & Mansfield PLLP, and served as a law clerk in Hennepin County. She holds a bachelor's degree in international relations and a law degree from Mitchell Hamline School of Law.
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