• Strong growth in revenue and orders included broad-based strength in Americas and EMEA segments
• Significant inflation continued to impact results, driving additional pricing actions
• Acquisition of Halcon supports growth strategies with uncompromising design and master craftsmanship
• Second quarter outlook anticipates seasonal revenue improvement with increased inflationary pressures and continued supply chain challenges

GRAND RAPIDS, Mich, June 22, 2022 (GLOBE NEWSWIRE) — Steelcase Inc. (NYSE: SCS) today reported first quarter revenue of $740.7 million, a net loss of $11.4 million, or $0.10 per share, and an adjusted loss per share of $0.05. In the prior year, Steelcase reported revenue of $556.6 million and a net loss of $28.1 million, or $0.24 per share, and had an adjusted loss per share of $0.22.

Revenue and order growth compared to the prior year were as follows:

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GRAND RAPIDS, Mich., May 26, 2022 (GLOBE NEWSWIRE) — Steelcase (NYSE: SCS) is pleased to announce it has been included on the Forbes list of Best Employers for New Graduates, ranking 43rd out of 300 organizations recognized. This marks the first time Steelcase has been included on the Forbes list. The Best Employers for New Grads list was based on an independent survey of more than 20,000 U.S. young professionals from companies employing at least 1,000 people within the U.S.

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Sara Armbruster has taken charge as the new president and CEO of Steelcase, which is number two on the FDMC 300 list of largest woodworking manufacturing companies.

Armbruster, 50, replaces Jim Keane, who announced last April he would be stepping down from top leadership in the company. Keane is expected to take on a new role as vice president of the company’s board of directors until his planned retirement in 2022.

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Chennai: Steelcase a global office furniture company has said it is reinventing home office by making its products more accessible through its online store. The retail platform offers customers in Chennai Bengaluru Delhi NCR Hyderabad Mumbai and Pune a range of ergonomic chairs. “Our customers in India are naturally concerned about the well-being of their people and many of them have expressed an interest in working with us to set up better workspaces at employees’ homes” said Samantha Giam director Product Marketing Steelcase Asia Pacific.

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