INSCAPE (TSE:INQ) released its quarterly earnings data on Wednesday, September 12th. The company reported C($0.17) earnings per share for the quarter, reports. INSCAPE had a negative net margin of 11.04% and a negative return on equity of 35.39%. The business had revenue of C$21.23 million for the quarter.
Acquisition supports growth strategy as Steelcase expands its solutions to support the new ways teams are working
GRAND RAPIDS, Mich., Sept. 20, 2018 (GLOBE NEWSWIRE) — Steelcase Inc. (NYSE:SCS) today announced it acquired Orangebox Group Limited, a UK-based designer and manufacturer of furniture for the changing workplace, the latest in a rapid expansion of innovative products designed for the new ways people work. This acquisition provides growth-driven organizations around the world with an even broader range of unique furniture designed to boost collaboration at work and provides Steelcase with an engine to accelerate innovative product development in Europe and around the world.
- Earnings per share improved 32 percent compared to prior year
- Revenue and orders grew by double-digit percentages
- Acquisitions of Orangebox and Smith System provide additional growth potential
- Third quarter outlook projects double-digit organic revenue growth
GRAND RAPIDS, Mich., Sept. 20, 2018 (GLOBE NEWSWIRE) — Steelcase Inc. (NYSE: SCS) today reported second quarter revenue of $875.8 million and net income of $49.1 million, or diluted earnings of $0.41 per share. In the prior year, Steelcase reported $775.6 million of revenue and net income of $36.9 million, or diluted earnings of $0.31 per share.
Revenue increased 13 percent, or 8 percent on an organic basis, in the second quarter compared to the prior year. The Americas posted 15 percent revenue growth, or 9 percent on an organic basis, driven by strong project business from both large and small customers. EMEA posted revenue growth of 13 percent, or 11 percent on an organic basis, driven by strong project business in Germany, the UK and France, while revenue in the Other category was approximately flat compared to the prior year.
Elizabeth-based office furniture dealership BFI has a new CEO and president, it announced.
Kate Kerpchar, formerly the founder and owner of Lotus Rose Industries LLC project management and consulting firm, succeeds Daniel F. Morley, who will serve in a consulting role during the transition.
Before spending the past six years running her company, Kerpchar was an executive with CRESA NY and Deutsche Bank’s asset management business.
Ergonomics, the domain of intricate office chairs and carpel tunnel-mitigating computer mice, is coming to Ikea—and not in the way you might expect. The retailer recently announced plans to develop a new line of hyper-personalized furniture designed for gamers.
Wall Street brokerages forecast that HNI Corp (NYSE:HNI) will report sales of $620.70 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for HNI’s earnings. The highest sales estimate is $623.00 million and the lowest is $618.40 million. HNI posted sales of $599.46 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.5%. The business is expected to issue its next quarterly earnings report on Monday, October 22nd.
According to Zacks, analysts expect that HNI will report full-year sales of $2.28 billion for the current year, with estimates ranging from $2.27 billion to $2.28 billion. For the next financial year, analysts expect that the firm will post sales of $2.37 billion per share, with estimates ranging from $2.36 billion to $2.38 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow HNI.
PLAN Business Development in association with JSA Consultancy Services are proud to present a series of 4 workshops, tailored to the building interiors sector and designed to prepare your sales team for 2019. Designed for both new and established salespeople, the workshops will provide thorough training in the key selling skills needed to be successful in office, storage systems and interior fit-out sales.