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
La-Z-Boy Faces Industry Pressures: Quarterly Earnings Report
14 June, 2023
La-Z-Boy Set to Reveal Quarterly Earnings as Industry Challenges Loom
As the residential furniture market continues to face challenges, La-Z-Boy is set to release its earnings data after the close of trading on June 20th. Industry analysts expect the company’s earnings per share for the quarter to be around $0.73.
Atlas Private Wealth Advisors Decreases Position in MillerKnoll Inc. Amidst Turbulent Market Conditions
14 June, 2023
Atlas Private Wealth Advisors has recently revealed that they have decreased their position in MillerKnoll, Inc. (NASDAQ:MLKN) by 26.1% in the fourth quarter, as seen in their most recent Form 13F filing with the Securities & Exchange Commission. Their holdings in the company are now at 31,671 shares after they sold 11,197 shares during this period. The value of these holdings was worth $665,000 during the time of the filing.
MillerKnoll : Knoll Debuts Refreshed Design Direction at MillerKnoll Design Days 2023
13 June, 2023
East Greenville, PA., June 13, 2023 – Knoll will present its refreshed design direction in Chicago at MillerKnoll Design Days from June 12-14. The flagship Knoll showroom at 811 W. Fulton Market will feature a complete re-design, re-introductions of archival designs by Florence Knoll and Eero Saarinen, and new designs by Antenna Design and Dan Grabowski.
La-Z-Boy Q4 revenue bests analysts’ estimates by $28 million
13 June, 2023
MONROE, Mich. — Fourth quarter growth in its retail segment capped off La-Z-Boy Inc.‘s fiscal year, which generated records for both retail segment sales and consolidated earnings per share.
For the full year ended April 29, the company generated consolidated sales of $2.3 billion, up 2% when adjusting for the 53th week in the FY calendar. Sales in the retail segment jumped 22% to $982 million, with record operating profit and operating margin.
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