Steelcase Stock Price, News & Analysis

Steelcase Inc. (NYSE: SCS) has announced two upcoming virtual events. First, the company will host a webcast to discuss its Q1 fiscal 2026 financial results on June 26, 2025, at 8:30 a.m. ET. The financial results will be released after market close on June 25, 2025. Additionally, Steelcase will conduct its Annual Meeting of Shareholders via webcast on July 9, 2025, at 11:00 a.m. ET. Both events will be accessible online, with replays available after the conclusion of each webcast. The Q1 earnings webcast can be accessed through the company's investor relations website, while the Annual Meeting will be available through a dedicated virtual shareholder meeting platform.

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.

Steelcase (NYSE: SCS) reported Q3 FY2025 results with revenue of $794.9 million, up 2% year-over-year, and net income of $19.1 million ($0.16 per share). Adjusted earnings per share reached $0.30, compared to $0.29 in the prior year.

The Americas segment showed strong performance with 5% revenue growth and 2% order growth, while International segment declined 6% in revenue and 8% in orders. Gross margin improved by 100 basis points to 33.4%. Total liquidity strengthened by $152 million to $576.6 million.

For Q4 FY2025, the company expects revenue between $770-795 million and adjusted earnings per share of $0.20-0.24. The backlog at quarter-end was $664 million, 5% lower than the prior year, though early Q4 orders showed 15% growth.

Steelcase (NYSE: SCS) has announced it will host a webcast to discuss its third quarter fiscal year 2025 financial results. The webcast is scheduled for December 19, 2024, at 8:30 a.m. ET. The company will release its detailed financial results after market close on December 18, 2024. The webcast will be accessible through the investor relations website, and a replay will be available after the event.

Steelcase (NYSE: SCS) has released its 2024 Impact Report, 'Our Work Toward Better Futures', highlighting the company's commitment to improving the wellbeing of people and the planet. The report outlines Steelcase's new goal to achieve net-zero carbon emissions by 2050 and its progress in building community and belonging in the workplace.

Key achievements include:

• Hosting the first annual 'Better Is Possible' Design Challenge in 11 cities worldwide
• Contributing over $9.9M in charitable giving
• Volunteering more than 62,270 hours since 2021
• Expanding employee Business Inclusion Groups to 12
• Reducing carbon emissions in operations by 30% over four years
• Partnering with suppliers to set science-based carbon reduction targets
• Expanding CarbonNeutral® product certification
• Averaging 40% recycled content in Steelcase® brand product packaging

Steelcase has been recognized as one of America's 50 Most Community-Minded Companies and a Best Employer for Diversity.

Steelcase (NYSE: SCS) reported its Q2 FY2025 results with revenue at $855.8 million, up slightly from $854.6 million last year. Net income rose to $63.1 million ($0.53 per share) from $27.5 million ($0.23 per share). Adjusted EPS increased to $0.39 from $0.31. The company's gross margin improved by 130 basis points to 34.5%.

Sequentially, operating income increased by $49 million, adjusted operating income by $15 million, and total liquidity strengthened by $193 million. The Americas saw 3% order growth, while international orders declined by 11% due to weakness in China.

For Q3, Steelcase projects a 1-4% revenue growth and EPS between $0.18 and $0.22. The fiscal 2025 target for adjusted EPS remains $0.85 to $1.00. The company declared a dividend of $0.10 per share, payable on October 15, 2024.

Steelcase Inc. (NYSE: SCS) has announced plans to webcast a discussion of its second quarter fiscal year 2025 financial results on Thursday, September 19, 2024 at 8:30 a.m. ET. The company will release its financial results the previous day, September 18, 2024, after the market closes. Investors and interested parties can access the webcast through a link available on the company's investor relations website at http://ir.steelcase.com. A replay of the webcast will be made available shortly after the call concludes, allowing those unable to attend the live discussion to review the information at their convenience.