Steelcase Stock Price, News & Analysis

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.

Steelcase (NYSE: SCS) and the Frank Lloyd Wright Foundation have launched the Frank Lloyd Wright Rockford and Galesburg Collections, expanding their collaboration. These collections reintroduce and reinterpret Wright's mid-century Usonian designs for modern home and workplace furniture. The Rockford Collection, inspired by the Laurent house, features a rail-backed lounge chair and companion pieces designed for accessibility. The Galesburg Collection, inspired by built-in banquettes from Usonian homes, includes a sofa, sectional, and lounge chair with Wright's signature linear detailing.

This launch follows the successful introduction of the Frank Lloyd Wright Racine Collection in early 2023. All three collections are now available for purchase in North America at Steelcase.com/FrankLloydWright, furthering Wright's vision of making great design accessible to everyone.

Steelcase (NYSE: SCS) will be presenting at the Noble Capital Markets’ Consumer, Communications, Media, and Technology Emerging Growth Virtual Equity Conference on June 26, 2024. The presentation, featuring Dave Sylvester, Senior Vice President and CFO, and Michael O’Meara, Director of Investor Relations and Financial Planning & Analysis, is scheduled for 3:00 p.m. ET. The event includes 1x1 meetings available for registered, qualified investor attendees. Interested parties can register for the live webcast at no cost. Presentation materials will be accessible on both Steelcase’s investor relations website (ir.steelcase.com) and Channelchek (www.channelchek.com).