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 (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).
Steelcase Inc. (NYSE: SCS) reported Q1 fiscal 2025 revenue of $727.3 million, a 3% decline from the prior year, and net income of $10.9 million, up from $1.5 million. Adjusted EPS was $0.16, compared to $0.09 last year. Orders grew by 8%, with a 10% increase in the Americas segment. Operating income rose by $10 million, driven by international improvements. The company projects Q2 fiscal 2025 revenue between $850-875 million and EPS between $0.33-0.37. Key factors include a 180 basis point increase in gross margin, $6.3 million in restructuring costs, and a $18.7 million share repurchase. The Board declared a $0.10 per share dividend. Steelcase’s total liquidity stands at $377.8 million, with total debt at $446.5 million.
Steelcase (NYSE: SCS) will webcast a discussion of its Q1 FY 2025 financial results on June 20, 2024, at 8:30 a.m. ET. The webcast link will be available on their investor relations site, with a replay accessible after the call. Notably, the financial results news release will now be issued before the market opens on June 20, 2024, instead of after the market closes on June 19, 2024.
Steelcase and Logitech have introduced Ocular™ View, an extended reality experience aimed at enhancing virtual meetings by providing a realistic, immersive environment. Launched initially as Project Ghost at Integrated Systems Europe 2023, Ocular View integrates Steelcase's hybrid collaboration insights with Logitech's video technology. The experience supports platforms like Microsoft Teams and Zoom, aiming to improve personal connections, well-being, and privacy in virtual settings. Ocular View is enclosed in Steelcase® Everwall® (or Orangebox® Campers & Dens™ in Europe) and features comfortable seating, soft lighting, and distraction-free design. The product is now orderable in North America and select European countries, with broader availability coming in late 2024.
Steelcase has announced a commitment to achieving a net-zero carbon emissions future by 2050, marking an industry-first with their detailed transition plan, "Power of Possibility: A Net-Zero Future Needs Us All." The company aims to reduce carbon emissions by over 90% across its value chain, including products, operations, and transportation. This initiative builds on their 2019 science-based targets to cut emissions by 50% in their operations by 2030, validated by the Science-Based Targets initiative. Steelcase is engaging its entire ecosystem—employees, dealers, suppliers, customers, and peers—to achieve this ambitious goal. They emphasize reducing their carbon footprint, designing for circularity, and responsible material usage. Steelcase has received accolades from CDP, EcoVadis, and the U.S. Department of Energy for its sustainability efforts.
Steelcase (NYSE: SCS) announced it will webcast its first quarter fiscal 2025 financial results on June 20, 2024, at 8:30 a.m. ET. The results will be published the previous day, June 19, 2024, after the market closes. Both the webcast and a replay will be accessible on the Steelcase investor relations website. Additionally, Steelcase will hold its Annual Meeting of Shareholders on July 10, 2024, via live webcast at 11:00 a.m. ET, with a replay available post-event.
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