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 Inc. develops and manufactures workplace furnishings and solutions for offices, homes, learning environments and health settings through a dealer and retail partner network. News about SCS has centered on operating and financial results, material agreements, shareholder voting matters, capital-structure disclosures and governance developments tied to its public-company status.
Steelcase became a wholly owned subsidiary of HNI Corporation after the completed acquisition announced in December 2025. Historical coverage also includes the transaction's completion and the company's role as a global design business serving the changing needs of workplace customers.
Steelcase reported first-quarter 2021 revenue of $482.8 million, a 41% decline compared to the prior year. The company experienced a net loss of $38.1 million, or $0.33 per share, including a $17.6 million goodwill impairment charge. The Americas segment revenue dropped 42%, while EMEA and Other segments fell 38% and 43% respectively. Despite these declines, the company’s liquidity remains robust at $799 million. Steelcase's backlog stands at $751 million, with expectations of improved revenue in the second quarter due to backlog shipments.
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Steelcase Inc. (NYSE: SCS) will host a webcast on July 1, 2020, at 8:30 a.m. ET to discuss its first quarter fiscal year 2021 financial results. The webcast can be accessed at Steelcase Investor Relations. A news release with the results will be issued on June 30, 2020, after market close. Additionally, the company will hold its Annual Meeting of Shareholders on July 15, 2020, at 11:00 a.m. ET, also via webcast, accessible at Virtual Meeting. Replays will be available post-event.
Steelcase Inc. (NYSE: SCS) reports a significant increase in its backlog, now approximately $700 million, representing a 23% growth year-over-year. Manufacturing has resumed as COVID-19 restrictions ease. Revenue for March and April saw a sharp decline of 39%, down 21% in March and 60% in April. To manage costs, the company reduced salaries and hours for salaried employees but is easing these reductions as operations ramp up. Liquidity remains strong at $774 million as of May 1, 2020, aided by borrowings and careful cash management.