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) and Steelcase (NYSE: SCS) announced shareholder approvals advancing HNI’s proposed acquisition of Steelcase under their August 3, 2025 merger agreement. HNI shareholders cast 84.52% of outstanding shares in favor of issuing HNI stock to Steelcase holders; 96.88% of shares voted at HNI’s special meeting. Steelcase shareholders cast 69.93% of outstanding shares in favor of adopting the merger; 99.60% of shares voted at Steelcase’s special meeting. Both companies said they will file Current Reports on Form 8-K with the SEC. The transaction is anticipated to close on December 10, 2025, subject to customary closing conditions.
HNI (NYSE: HNI) and Steelcase (NYSE: SCS) announced preliminary election results for the merger consideration under their August 3, 2025 merger agreement.
As of the 5:00 p.m. ET election deadline on December 4, 2025, shareholders elected: 95,489,941 shares for Mixed Consideration, 8,018,090 for Cash Consideration, and 11,968,798 for Stock Consideration. Default elections were treated as Mixed Consideration.
The Merger Consideration formulas specify (i) Mixed: 0.2192 HNI shares + $7.20 cash, (ii) Cash: $7.20 + 0.2192×HNI VWAP, and (iii) Stock: 0.2192 + ($7.20 / HNI VWAP). Results are preliminary and subject to guaranteed delivery procedures; completion remains subject to shareholder approvals and customary closing conditions.
HNI (NYSE: HNI) and Steelcase (NYSE: SCS) set the shareholder election deadline for the proposed merger at 5:00 p.m. ET on December 4, 2025. Steelcase shareholders must submit election forms to Equiniti Trust Company by that time or be deemed to receive the Mixed Consideration of 0.2192 HNI shares plus $7.20 cash per Steelcase share.
Elections for all-cash or all-stock will be automatically adjusted using a volume-weighted average closing price of HNI over 10 consecutive trading days ending two full trading days before closing. Election materials were mailed beginning November 6, 2025 to record holders as of October 30, 2025. Completion remains subject to shareholder approvals and customary closing conditions.
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.
FAQ
What is the current stock price of Steelcase (SCS)?
What is the market cap of Steelcase (SCS)?
