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Steelcase, Inc. - SCS STOCK NEWS

Welcome to our dedicated news page for Steelcase (Ticker: SCS), a resource for investors and traders seeking the latest updates and insights on Steelcase.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Steelcase's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Steelcase's position in the market.

Rhea-AI Summary
Steelcase Inc. reported fourth-quarter revenue of $775.2 million, with a 3% decline compared to the prior year. Earnings per share increased by 38% year-over-year. Gross margin improved by 140 basis points. For fiscal 2024, revenue decreased by 2%, but earnings per share surged by 127% compared to fiscal 2023. The company's total liquidity strengthened by $238 million during fiscal 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.75%
Tags
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Rhea-AI Summary
Steelcase Inc. (SCS) will webcast a discussion of its Q4 and fiscal year 2024 financial results on March 21, 2024, with the news release to be issued on March 20, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.21%
Tags
conferences earnings
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Rhea-AI Summary
Steelcase (SCS) achieves top environmental ranking with an A- score from CDP, highlighting its commitment to sustainability and transparency in environmental practices. Only 5% of 23,000+ companies achieved this level, showcasing Steelcase's leadership in the industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
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none
Rhea-AI Summary
Steelcase (NYSE: SCS) has been named among the world's leading brands on the FORTUNE® 2024 World's Most Admired Companies list for the 18th year and recognized as first in the Home Equipment and Furnishings category. The company's score must rank in the top half of its industry survey to be included on the list. Steelcase is a global design and thought leader in the world of work, designing, manufacturing, and partnering with leading organizations to create furnishings and solutions for various work environments. The organization is dedicated to creating better workspaces and challenging itself to do better for both people and the planet. Steelcase delivers insights and design innovation to customers worldwide through its dealer community, Steelcase Store, and retail partners.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.81%
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none
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Rhea-AI Summary
Steelcase Inc. (NYSE: SCS) reported third quarter revenue of $777.9 million, net income of $30.8 million, and adjusted earnings per share of $0.30. Orders grew 15% and gross margin improved by 360 basis points compared to the prior year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.94%
Tags
-
Rhea-AI Summary
Steelcase Inc. (NYSE: SCS) will webcast a discussion of its third quarter fiscal year 2024 financial results on December 20, 2023 at 8:30 a.m. ET. The news release detailing the financial results will be issued on December 19, 2023, after the market closes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.92%
Tags
conferences earnings
Rhea-AI Summary
Steelcase: New report shows progress in building community and reducing environmental impact. The 2023 Impact Report, Our Work Toward Better Futures, highlights the company's accomplishments in climate goals, carbon neutrality, community partnerships, charitable giving, DEI learning experiences, and more.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.66%
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none
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Rhea-AI Summary
Steelcase: Recognition from Women's Forum of New York and Grand Rapids Chamber for Over 50% Women on Board
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.63%
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none
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Rhea-AI Summary
Steelcase publishes new research on global business leaders' priorities for employee wellbeing, sustainability, and diversity. The company releases its 2023 Impact Report, detailing progress on sustainability goals. Steelcase expands its CarbonNeutral® product portfolio, offering height-adjustable desks with carbon offsetting.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.48%
Tags
none
Rhea-AI Summary
Steelcase Inc. reports Q2 revenue of $854.6 million and net income of $27.5 million. Earnings per share increased 35% compared to prior year. Total liquidity strengthened by $115 million. Outlook projects full year adjusted EPS of $0.80 to $0.90, significantly above fiscal 2024 target.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
19.3%
Tags
Steelcase, Inc.

NYSE:SCS

SCS Rankings

SCS Stock Data

1.40B
83.86M
11.81%
94.43%
2.22%
Office Furniture (except Wood) Manufacturing
Manufacturing
Link
US
Grand Rapids

About SCS

steelcase helps leading organizations – in business, healthcare and education – create the places that can unlock the promise of their people. recognized as one of the world's most admired companies by fortune magazine!