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

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Thursday, 21 March 2024

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.

Read full article here: FURNITURE TODAY

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Steelcase Inc.’s Strong Performance and Promising Future: An Investor’s Perspective

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Wednesday, 9 August, 2023

In a recent disclosure with the Securities and Exchange Commission (SEC), Prime Capital Investment Advisors LLC announced the acquisition of a new stake in Steelcase Inc. (NYSE:SCS) during the first quarter of this year. The firm obtained 15,525 shares of the business services provider’s stock, translating to an estimated value of $131,000.

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Fifth Third Bancorp Decreases Ownership in Steelcase Inc. as the Company Shows Impressive Earnings Results

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Friday, 7 July 2023

In a recent filing, Fifth Third Bancorp revealed that it has decreased its position in Steelcase Inc., a prominent business services provider, by 0.9% during the first quarter of this year. The institutional investor now holds 5,199,000 shares, down from its previous ownership of 5,246,943 shares. This decrease in ownership accounts for approximately 47,943 shares sold by Fifth Third Bancorp during the period.

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Steelcase Announces Quarterly Dividend for Q2 2023 and Demonstrates Commitment to Shareholders

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Friday, 30 June 2023

Steelcase, a leading provider of office furniture and workspace solutions, has recently announced its quarterly dividend for the second quarter of 2023. Shareholders of Steelcase (NYSE:SCS) will receive a dividend of 10 cents per share, which is scheduled to be paid on July 17, 2023.

To be eligible for this dividend payout, investors must have owned Steelcase shares as of April 4, 2023. This ex-dividend date determines who is entitled to receive the dividend. If an investor purchased shares on or after April 5, 2023, they would not be eligible for the upcoming dividend.

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Steelcase report unveils generation Z’s transformative influence on the modern workplace

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Tuesday, 27 June 2023

Steelcase, a global design and innovation firm, has released a report that illuminates the profound impact of Generation Z (Gen Z) on the contemporary workplace. As we approach 2025, Gen Z is anticipated to comprise almost a third of the global workforce, and their distinct viewpoints and preferences are revolutionising organisational attitudes and perceptions on a global scale. The report highlights the extraordinary dedication of Gen Z towards the physical office space, surpassing all other generations in terms of time spent working within a traditional office setting, according to the Steelcase report.

Read full article here: FINANCIAL EXPRESS

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Eakes honored by Steelcase

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Friday, 23 June 2023

Grand Island, NE, June. 23, 2023: Steelcase, a leading furniture manufacturer, has awarded Eakes Office Solutions with the prestigious Platinum status Premier Partner designation for the year 2022. While all Steelcase furniture dealers in the United States and Canada meet high standards for quality and performance, Eakes Office Solutions has distinguished itself as an extraordinary partner. The company has consistently engaged with Steelcase, aligned with their strategies, and delivered exceptional value to its customers and community.

Read full article here: THE NORTH PLATTE TELEGRAPH

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Steelcase Announces Second Quarter Fiscal Year 2023 Financial Results

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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.

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Steelcase stock rises after earnings, although executives warn of ‘challenging’ environment for workplace furniture

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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.

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Steelcase Reports Q1 Net Loss of 11.4 Million

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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.

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