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Steelcase (SCS) delivers innovative office furniture and architectural solutions that transform workplaces globally. This news hub provides investors and professionals with timely updates on corporate developments, product innovations, and strategic initiatives shaping the future of work environments.
Access official press releases and curated news covering earnings reports, leadership changes, sustainability efforts, and technology partnerships. Our repository simplifies tracking SCS's market position in commercial interiors and hybrid collaboration solutions.
Key updates include new product launches, design research breakthroughs, and expansion of the company's global dealer network. Bookmark this page for direct access to verified information supporting informed analysis of Steelcase's performance in the evolving office solutions sector.
Steelcase Inc. (NYSE: SCS) will host a webcast to discuss its third quarter fiscal year 2023 financial results on December 20, 2022, at 8:30 a.m. ET. Interested parties can access the webcast through Steelcase's investor relations page. The financial results will be released on December 19, 2022, after market close. Steelcase, established in 1912, reported $2.8 billion in revenue for fiscal year 2022, employing over 11,000 individuals worldwide.
Steelcase (NYSE: SCS) appointed Sanjay Gupta to its board of directors on October 20, 2022. Gupta, currently the chief marketing officer and chief digital officer at Guaranteed Rate, brings over two decades of experience in the financial services sector, having served at notable firms such as Bank of America and Allstate. The board aims to enhance its expertise and diversity, and Gupta's skills in digital marketing and brand development are expected to provide significant value to the company. Steelcase reported a fiscal 2022 revenue of $2.8 billion.
Steelcase has reported a 19% revenue growth to $863.3 million for Q2 2023, driven by a strong backlog and pricing benefits. The net income for the quarter stands at $19.6 million, or $0.17 per share, down from $24.7 million and $0.21 per share in Q2 2022. Despite inflationary pressures, gross margin improved by 60 basis points. However, the company has announced planned spending reductions and a lower quarterly dividend of $0.10 due to uncertain demand. The projected revenue for Q3 2023 is between $825 and $850 million.
Steelcase will host a webcast to discuss its Q2 fiscal year 2023 financial results on September 22, 2022, at 8:30 a.m. ET. Interested attendees can access the link at ir.steelcase.com. A replay will be available post-call. The financial results will be released a day earlier on September 21, 2022, after market close. Steelcase is a recognized leader in workplace solutions, reporting a revenue of $2.8 billion for fiscal 2022.
Steelcase Inc. (SCS) reported Q1 2023 revenue of $740.7 million, a 33% increase from $556.6 million in Q1 2022. Despite this growth, the company faced a net loss of $11.4 million or $0.10 per share. The Americas segment saw revenue growth of 38%, while EMEA grew by 27%. Challenges included significant inflation impacting margins, with a gross margin of 25.9%, down 190 basis points. Steelcase anticipates Q2 2023 revenue between $875 million and $900 million, indicating a growth rate of 21% to 24% year-over-year.
Steelcase Inc. (NYSE: SCS) will host a live webcast on June 23, 2022, at 8:30 a.m. ET to discuss its first quarter fiscal year 2023 financial results, with a news release prior on June 22. The Annual Meeting of Shareholders is set for July 13, 2022, at 11:00 a.m. ET, also via live webcast. Steelcase is a leading global provider of architecture, furniture, and technology solutions, reporting $2.6 billion in revenue for fiscal 2021. More details can be found on their website.
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