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Steelcase, Inc. - $SCS STOCK NEWS

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.

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. to webcast Q2 fiscal year 2024 financial results discussion on September 20, 2023 at 8:30 a.m. ET.
Rhea-AI Impact
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End-of-Day
1.81%
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conferences earnings
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Rhea-AI Summary
Steelcase Inc. (NYSE: SCS) will be presenting at the Midwest IDEAS Investor Conference on August 23, 2023, at 2:20 p.m. EDT. The presentation will be given by Dave Sylvester, Senior Vice President and CFO, and Mike O’Meara, Director, Investor Relations. The webcast will be available on the company's investor relations website.
Rhea-AI Impact
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End-of-Day
-0.69%
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conferences
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Rhea-AI Summary
Steelcase Inc. reports year-over-year revenue and earnings growth in the first quarter of fiscal 2024. Gross margin improves by 530 basis points. The company expects to be ahead of pace on achieving financial targets for the year. Backlog of customer orders decreases by 20 percent compared to the prior year. Second quarter revenue projected to be in the range of $815 to $840 million, representing a decline of 3 to 6 percent compared to the prior year.
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Rhea-AI Sentiment
End-of-Day
8.15%
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Rhea-AI Summary
Steelcase and its community of brands are showcasing new solutions at NeoCon 2023 to help organizations create diverse, vibrant, and sustainable workplaces. Recent research reveals that 70% of people globally are working in the office three or more days per week. Steelcase is addressing the evolving needs of hybrid work with innovative products like Steelcase Flex Single Table, Steelcase Ocular, Steelcase WorkValet, AMQ Bixby Lite Work, HALCON OPTIC, Smith System Flowform Learn Lounge, Viccarbe Foro, Viccarbe Funda Bold, Viccarbe Zoco, and West Elm Willow Work Lounge. Steelcase is committed to sustainability and reducing its carbon footprint through its product manufacturing.
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0.96%
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-0.41%
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Rhea-AI Summary
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0.92%
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conferences earnings
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2.42%
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Rhea-AI Summary
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3.97%
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5.99%
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1.01%
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Steelcase, Inc.

NYSE:SCS

SCS Rankings

SCS Stock Data

1.51B
83.86M
11.81%
94.43%
2.22%
Office Furniture (except Wood) Manufacturing
Manufacturing
Link
United States of America
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!