Steelcase Inc. Thursday Reported Third-Quarter Revenue of $617.5

Monday, 21 December 2020

MILLION and net income of $2.1 million, or diluted earnings of $0.02 per share, which included $11.4 million of pre-tax restructuring costs related to previously announced workforce reductions. Excluding those charges, net of related income tax benefits, adjusted earnings were $0.08 per share. The results also reflected a delay of approximately $60 million of revenue to the fourth quarter due to a temporary global operations shutdown implemented to protect the company’s systems during a cyberattack. In the prior year, Steelcase reported $955.2 million of revenue and net income of $54.9 million, or diluted earnings of $0.46 per share.

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