Steelcase Inc. [SCS] Stock trading around $7.07 per share: What’s Next?

Steelcase Inc. [NYSE: SCS] closed the trading session at $7.07 on 12/30/22. The day’s price range saw the stock hit a low of $6.97, while the highest price level was $7.11. The company report on December 19, 2022 that Steelcase Reports Third Quarter Fiscal 2023 Results.

Revenue and earnings growth driven by strong beginning backlog and year-over-year pricing benefits.

Gross margin improved 120 basis points compared to prior year driven by a 280 basis point improvement in the Americas.

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