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.
This page provides an organized view of historical news coverage for Steelcase Inc. (former NYSE: SCS), a company that described itself as a global design and thought leader in the world of work. Prior to its acquisition, Steelcase regularly issued press releases and earnings announcements about its workplace furnishings business, financial performance and strategic priorities.
News items for Steelcase include quarterly earnings releases that discuss revenue and order trends, segment performance in the Americas and International regions, gross margin developments, restructuring actions, and adjusted operating income and EBITDA metrics. These releases also describe demand patterns across customer groups such as large corporate customers, government entities, education institutions and healthcare organizations, as well as the impact of tariffs, cost reduction initiatives and restructuring programs.
A significant portion of the more recent news flow relates to the company’s acquisition by HNI Corporation. Joint press releases outline the August 3, 2025 agreement under which HNI would acquire Steelcase in a cash and stock transaction, the strategic rationale for combining their complementary brand portfolios and dealer networks, and the expected benefits and synergies. Subsequent announcements cover the election mechanics for Steelcase shareholders, shareholder approvals at special meetings, and the anticipated and then completed closing of the transaction on December 10, 2025.
Because Steelcase became a wholly owned subsidiary of HNI and its common stock was removed from listing on the New York Stock Exchange, the SCS news feed now serves as an archive of historical developments. Users interested in ongoing developments related to the Steelcase business should review HNI Corporation’s current news and investor communications, while this page helps contextualize Steelcase’s trajectory as an independent public company leading up to the merger.
On August 31, 2021, Jim Keane, President and CEO of Steelcase (NYSE: SCS), will participate in the Water Tower Research Fireside Chat Series at 11:30 a.m. ET via live webcast. Registration and access to the webcast will be available on the Steelcase investor relations page. A replay will be provided shortly after the event. Steelcase, recognized as a leading provider of furniture and technology solutions, reported fiscal 2021 revenues of $2.6 billion, serving over 800 dealer locations worldwide.
Steelcase (NYSE: SCS) has established an exclusive agreement with Kontrol Technologies Corp (NEO: KNR, OTCQB: KNRLF) to deploy Kontrol BioCloud® viral detection technology in the U.S. and Canada. This partnership enables Steelcase to provide its clients with real-time monitoring of airborne pathogens, including SARS-CoV-2. The technology samples air continuously and alerts workplace leaders upon detecting a virus. Starting early September, BioCloud will be accessible exclusively through Steelcase's dealer network, enhancing workplace safety and addressing growing employee health concerns.
Steelcase (NYSE: SCS) has announced an exclusive agreement with Kontrol Technologies Corp (OTCQB: KNRLF) to introduce the Kontrol BioCloud® technology for airborne pathogen detection in workplaces across the U.S. and Canada. This partnership enables real-time monitoring of pathogens like SARS-CoV-2, aiming to enhance safety as organizations resume office operations. The BioCloud technology samples air continuously, immediately notifying employers of any detected viruses. Starting September, this innovative technology will be accessible exclusively through Steelcase's dealer network.
Steelcase announces participation in the Water Tower Research Fireside Chat Series on July 20, 2021, at 3:30 p.m. ET. David Sylvester, CFO, and Allan Smith, VP of Global Marketing, will be featured in the live webcast. Interested parties can register and access the webcast through Steelcase's Investor Relations page. A replay will be available after the event. The company reported a fiscal 2021 revenue of $2.6 billion, highlighting its role in creating productive workplaces globally.
Steelcase reported first quarter revenue of $556.6 million, a 15% increase year-over-year, while achieving a net loss of $28.1 million or $0.24 per share. Orders grew 11% compared to last year and 25% over the prior quarter, indicating strong momentum as companies return to office settings. The outlook for the second quarter anticipates revenue between $750 million to $780 million and earnings per share of $0.25 to $0.30. Additionally, the quarterly dividend was restored to $0.145 per share, signaling confidence in recovery.
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Steelcase Inc. (NYSE: SCS) will host a webcast discussing its Q1 fiscal 2022 financial results on June 24, 2021, at 8:30 a.m. ET. The webcast will be accessible through their investor relations website, and a replay will be available post-call. Prior to this, detailed financial results will be released on June 23, 2021, after market close.
Additionally, the company will conduct its Annual Meeting of Shareholders via a live webcast on July 14, 2021, starting at 11:00 a.m. ET. The webcast link will be provided on the Steelcase website.
Sara Armbruster will take over as President and CEO of Steelcase Inc. (SCS) effective October 4, 2021, succeeding Jim Keane, who retires after 25 years with the company. Keane will continue as Vice Chair until his retirement on January 7, 2022. Armbruster has been with Steelcase since 2007, leading various divisions and corporate strategy. She is recognized for her leadership and strategic expertise. The CEO transition has been planned for two years, ensuring a smooth handover at a pivotal time for the company.
Steelcase reported fourth quarter revenue of $677.1 million and net income of $6.6 million or $0.06 EPS, substantially down from $946.2 million and $66.5 million in the prior year. The 28% revenue decline reflects ongoing challenges from the COVID-19 pandemic, with particular impacts noted in the Americas, EMEA, and Other segments. The company has projected first quarter fiscal 2022 revenue between $540 million and $570 million, anticipating 5-11% organic growth due to increased vaccination rates and an expected return to office. Operating expenses were reduced significantly, down by $52.5 million.
Steelcase Inc. (NYSE: SCS) will host a webcast on March 24, 2021, at 8:30 a.m. ET to discuss its fourth quarter and fiscal year 2021 financial results. A news release detailing these results will be published on March 23, 2021, after market close. Steelcase, with over 108 years of experience, reported fiscal 2020 revenue of $3.7 billion and serves leading organizations globally through a diverse portfolio of brands and products.