Steelcase Announces Quarterly Dividend for Q2 2023 and Demonstrates Commitment to Shareholders

Friday, 30 June 2023

Steelcase, a leading provider of office furniture and workspace solutions, has recently announced its quarterly dividend for the second quarter of 2023. Shareholders of Steelcase (NYSE:SCS) will receive a dividend of 10 cents per share, which is scheduled to be paid on July 17, 2023.

To be eligible for this dividend payout, investors must have owned Steelcase shares as of April 4, 2023. This ex-dividend date determines who is entitled to receive the dividend. If an investor purchased shares on or after April 5, 2023, they would not be eligible for the upcoming dividend.

La-Z-Boy expands board of directors with new appointment

Thursday, 29 June 2023

MONROE, Mich. – La-Z-Boy has named Raza S. Haider to its board of directors. He will serve on the nominating and governance committee, and his appointment expands the board to 11 members.

Haider works at Bose Corp. as the company’s chief product and supply chain officer, where he is responsible for innovating the brand’s product portfolio to better connect with consumers. Prior to joining Bose, he was senior vice president at Dell Technologies, where he was most recently the general manager of Dell’s global consumer PC business. Before that, his career spans 23 years at other global companies, including McKinsey and Adventis.

Steelcase report unveils generation Z’s transformative influence on the modern workplace

Tuesday, 27 June 2023

Steelcase, a global design and innovation firm, has released a report that illuminates the profound impact of Generation Z (Gen Z) on the contemporary workplace. As we approach 2025, Gen Z is anticipated to comprise almost a third of the global workforce, and their distinct viewpoints and preferences are revolutionising organisational attitudes and perceptions on a global scale. The report highlights the extraordinary dedication of Gen Z towards the physical office space, surpassing all other generations in terms of time spent working within a traditional office setting, according to the Steelcase report.

Eakes honored by Steelcase

Friday, 23 June 2023

Grand Island, NE, June. 23, 2023: Steelcase, a leading furniture manufacturer, has awarded Eakes Office Solutions with the prestigious Platinum status Premier Partner designation for the year 2022. While all Steelcase furniture dealers in the United States and Canada meet high standards for quality and performance, Eakes Office Solutions has distinguished itself as an extraordinary partner. The company has consistently engaged with Steelcase, aligned with their strategies, and delivered exceptional value to its customers and community.

Steelcase Announces Second Quarter Fiscal Year 2023 Financial Results

22 June, 2023

On June 22, 2023, Steelcase announced its financial results for the second quarter of fiscal year 2023. The company’s revenue for the quarter was $863.3 million, with a net income of $19.6 million, or $0.17 per share. The company also reported adjusted earnings per share. Interested parties can find the earnings release on Steelcase’s website.

Steelcase is known for issuing quarterly reports, which can be accessed on their website. Stay up to date with the latest financial news by checking out Steelcase’s website regularly.


Steelcase stock rises after earnings, although executives warn of ‘challenging’ environment for workplace furniture

22 June, 2023

Shares of office-furniture supplier Steelcase Inc. (SCS) rose on Wednesday reported first-quarter results that beat estimates, but its second-quarter sales forecast came up short of Wall Street’s expectations, as demand remains in flux even as more corporate staff return to offices. The company reported first-quarter net income of $1.5 million, or 1 cent per share, contrasting with a loss of $11.4 million, or 10 cents a share, in the same quarter last year. Sales rose to $751.9 million, compared with $740.7 million in the prior-year quarter.

La-Z-Boy Inc Down 0.93% To $27.20 After Earnings Beat

Wednesday, 21 June 2023

La-Z-Boy Inc (LZB) said after close Tuesday that it earned $0.99 per share in quarter four 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.

On the revenue line, the company reported $561.3 million, beating estimates by $28.3 million.

Steelcase Reports Q1 Net Loss of 11.4 Million

21 June, 2023

On June 21, 2023, Steelcase, a renowned furniture design and manufacturing company, released its Q1 earnings report. The report revealed that the company incurred a net loss of $11.4 million, or $0.10 per share. Additionally, the adjusted loss per share was $0.19, which is lower than the expected EPS estimate of $0.21. The Q1 adjusted EPS is anticipated to fall between $0.19 and $0.24. It is worth noting that this information is solely from a headline article and lacks any further context or details regarding the earnings report.

La-Z-Boy Reports Record Full Year Operating Income and EPS

Tuesday, 20 June 2023

MONROE, Mich., June 20, 2023 (GLOBE NEWSWIRE) — La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today reported solid fourth quarter and full year results for the period ending April 29, 2023.

Fourth Quarter 2023 Financial Highlights:

  • Consolidated sales of $561 million
    • -12% adjusting for the 53rd week in the fourth quarter of fiscal 2022, versus last year, which benefited from a strong backlog