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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 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.
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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.
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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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Steelcase Inc. (SCS) reported a fourth-quarter revenue of $753.1 million, an 11% increase from $677.1 million in the prior year. However, the company faced a net loss of $2.2 million compared to a net income of $6.6 million last year. Orders surged 27%, led by 29% growth in the Americas, reflecting strong demand for office transformation products. Despite challenges like inflation and supply chain disruptions, the company anticipates a 22% to 27% revenue increase in the first quarter of fiscal 2023 and aims for organic growth of 15% to 20% for the fiscal year.
Steelcase Inc. (NYSE: SCS) will host a webcast on March 24, 2022, at 8:30 a.m. ET, to discuss its fourth quarter and fiscal year 2022 financial results. The financial results will be released the day prior, after market close, on March 23, 2022. Steelcase is recognized for its innovative designs in architecture, furniture, and technology solutions, serving organizations globally. For fiscal year 2021, the company reported revenue of $2.6 billion. Further details will be available during the webcast and on their investor relations website.