Steelcase Reports First Quarter Fiscal 2021 Results

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Tuesday, 30 June, 2020

Steelcase Inc. (NYSE: SCS) today reported first quarter revenue of $482.8 million and a net loss of $38.1 million, or a loss of $0.33 per share. The results included a non-cash goodwill impairment charge which increased the net loss by $17.6 million, or $0.15 per share. The adjusted net loss in the quarter totaled $20.5 million, or $0.18 per share. In the prior year, Steelcase reported $824.3 million of revenue and net income of $17.8 million, or diluted earnings of $0.15 per share.
Revenue decreased 41 percent in the first quarter compared to the prior year. The decline was broad-based across all segments as government mandates significantly limited the company’s ability to manufacture and fulfill orders throughout much of the world during the first quarter. Revenue in the Americas declined 42 percent and EMEA declined 38 percent compared to the prior year. The Other category declined 43 percent, or 28 percent on an organic basis after adjusting for the impact of the PolyVision divestiture in February 2020 and currency translation effects.

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Herman Miller, Inc. to Host Earnings Call

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Tuesday, 30 June, 2020

Herman Miller, Inc. (NASDAQ:MLHR) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on June 30, 2020 at 9:30 AM Eastern Time.

To listen to the event live or access a replay of the call – visit
https://www.investornetwork.com/event/presentation/64467

Read full article here: (ACCESSWIRE)

Former Styles & Wood bosses win £180,000 employment tribunal

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Tuesday, 30 June, 2020

Former Styles & Wood directors Tony Lenehan and Phil Lanigan have been awarded more than £180,000 in compensation between them after winning an employment tribunal against their former employer.

Lenehan (pictured) was chief executive at the time he left last November, while Lanigan, 56, who went at the same time, was the collapsed fit-out contractor’s chief finance officer.

Read full article here: (BUILDING)

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Steelcase Teams Up With MIT Researchers To Help Create Safer Workplaces

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Monday, 29 June, 2020

Steelcase today announces its collaboration with MIT professor and disease transmission specialist Dr. Lydia Bourouiba, director of The Fluid Dynamics of Disease Transmission at MIT to study disease transmission in the workplace. Bourouiba specializes in fluid dynamics and understanding properties of turbulent gas clouds that are produced when people exhale, sneeze or cough and how that spreads respiratory pathogens. The goal of the research is to not only understand how these pathogens spread in typical office layouts, but also to develop design strategies for how to mitigate the spread of COVID-19 and other illnesses at work.

 

Virus-proofing is a new business opportunity

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Tuesday, 23 June, 2020

Truework, an income verification startup, recently introduced software to help employers keep track of their workers’ health status.

Gensler, an architecture and design firm, has a workplace floor-planning app that generates social-distancing layouts for desks and other office furniture.

Read full article here: (FINANCE & COMMERCE)

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La-Z-Boy Is Restarting Factories

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Tuesday, 23 June, 2020

La-Z-Boy Inc. said it is ramping up furniture production as states around the country ease coronavirus-related restrictions and consumers begin patronizing reopened stores.

How to replicate office investments in an at-home workspace

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Sunday, 21 June, 2020

As remote working looks set to continue, Organised Chaos founder Sarah Reynolds looks at how employers can replicate office investments in employees’ homes.

While employers are busy focusing on technology support and getting fitness perks up online, very little has been said of the physical space in which employees now find themselves working in their homes. Work-from-home environments vary drastically from person to person, and getting the home workspace right will be a valuable tool for talent acquisition, retention and engagement.

Read full article here: (SILICONREPUBLIC.COM)

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Infinium Interiors acquires the office furniture segment of Senetics of Honolulu

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Friday, 19 June, 2020

Honolulu-based commercial furniture dealer Infinium Interiors acquired the office furniture segment of Senetics of Honolulu earlier this month and assumed a dealership agreement for Allsteel and Gunlocke brands for the state.

Allsteel specializes in office furniture and Gunlocke is known for its natural wood casework and office furniture. Both have been in the commercial furniture business since the early 1900s.

Read full article here: (BIZJOURNALS.COM)

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Deirdre Jimenez Named President & CEO of BIFMA

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Thursday, 18 June, 2020

BIFMA has appointed Deirdre Jimenez as its first president and chief executive officer (CEO).

In the new role as the president and CEO, Jimenez will be responsible for leading BIFMA and partnering with its board of directors, membership (regular, supplier, service, and international), and staff by connecting and advancing the industry’s common interests through a period of disruption and growth.

Read full article here: (FLOORDAILY.NET)

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Herman Miller response to pandemic benefits local, global communities

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Thursday, 18 June, 2020

During her 30-year career with furniture manufacturer Herman Miller, Inc., Penny Garlock has taken business trips to nearly two dozen countries, traveling to far-flung places that have expanded her perspectives immeasurably.

Now, in the midst of a global pandemic caused by a coronavirus, Garlock is leaning on her experiences abroad to help cultivate and coordinate Herman Miller’s efforts to make and distribute personal protective equipment (PPE) for health care workers in West Michigan and around the world.

Read full article here: (RAPID GROWTH MEDIA)

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