Steelcase reports weaker Q4, but with growth coming from large corporations

GRAND RAPIDS, Mich. – Office and contract furniture giant Steelcase reported fourth quarter revenue of $775.2 million, a 3% decline from the same quarter last year.

Revenue declined 2% in the Americas,  which once again the company attributed to a lower order backlog. Internationally, revenue fell 6% and was seen across most markets. The company attributed macroeconomic factors for its international decline.

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