EMBARGO UNTIL JANUARY 25, 2023

Drawing on a connection that began over 80 years ago, the two organizations debut a collection for living and working at home.

Grand Rapids, MI, Jan. 25, 2023 – Steelcase will launch a new work from home collection as part of their relationship with the Frank Lloyd Wright Foundation. Celebrating an icon of modern work, the Frank Lloyd Wright Racine Collection by Steelcase reintroduces, reinterprets and reimagines the classic furniture designs of Wright, originally produced by Steelcase for the SC Johnson Administration building in Racine, Wisconsin in 1939.

Merging beauty and function in his philosophy of organic architecture, Wright’s unique furniture for the SC Johnson building’s Great Workroom pioneered a new way to work. As part of the Frank Lloyd Wright Racine Collection, select Signature pieces will faithfully match the style and finishes of the original furniture, with subtle adjustments to the collection’s proportions and scale to support modern living.

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GRAND RAPIDS, Mich., Oct. 20, 2022 (GLOBE NEWSWIRE) — Steelcase (NYSE: SCS) announced today Sanjay Gupta has been appointed to its board of directors. Gupta is a digital marketing and business leader who is currently serving as the chief marketing officer and chief digital officer at Guaranteed Rate, a leader in mortgage lending and digital financial services.

The Steelcase board continuously evaluates its composition to ensure the board of directors encompasses the requisite and complementary knowledge, expertise, skills and diversity.

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GRAND RAPIDS, Mich. – A decline in incoming orders and lower than expected return-to-offìce trends in the Americas, has led Steelcase Inc. to implement a further reduction of planned spending including a reduction of approximately $20 million of annualized spending and the elimination of up to 180 salaried positions across America’s core business and corporate functions.

“In response to inflation and supply chain challenges throughout this year, we have been pulling back on our planned level of incremental spending while staying invested in our most critical strategic initiatives,” said Dave Sylvester, senior vice president and CFO, of Steelcase.

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FurnitureToday Contract and office furniture giant Steelcase reported first quarter revenue of $740.7 million, a loss of $11.4 million over last quarter. Nevertheless, the performance was better than expected and well above last year’s first quarter revenue of $556 million.

“We’re pleased with our revenue growth of 33 percent (over last year), which was better than expected due to stronger incoming orders and improved order fulfillment from the adjustments we’ve made to mitigate the impact of supply chain disruptions,” said Sara Armbruster, president and CEO. “In each of the most recent eight months of reported data, our year-over-year order growth in the Americas has outpaced our industry.

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