SCS - Earnings announcements

Elevated earnings visibility remains through 2026 GAAP diluted EPS $0.88 (-10% YoY) / non-GAAP diluted EPS $1.10 (+7% YoY) Productivity and operating expense control drove strong year-over-year results Q3 GAAP operating margin of 9.4%; non-GAAP operating margin of 10.8% reached highest third quarter level Strategic initiatives on track, confirming elevated earnings growth visibility through 2026 Volume growth anticipated for full year 2025 Steelcase acquisition (NYSE:SCS) expected to close before the end of calendar 2025 HNI Corporation (NYSE:HNI) today announced net sales of $683.8 million and net income of $41.2 million for the third quarter ended September 27, 2025.

Revenue grew 5% compared to prior year, led by strong growth from large corporate customers in the Americas and from the India market in InternationalGross margin of 34.4% was approximately flat compared to prior year despite higher tariff and restructuring costsOrders grew 6% compared to prior year, led by continued growth from large corporate customers in the Americas GRAND RAPIDS, Mich., Sept. 24, 2025 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE:SCS) today reported second quarter revenue of $897.1 million, net income of $35.0 million, or $0.29 per share, and adjusted earnings per share of $0.45. In the prior year, Steelcase reported revenue of $855.8 million, net income of $63.1 million,

GRAND RAPIDS, Mich., Sept. 12, 2025 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE:SCS) will webcast a discussion of its second quarter fiscal year 2026 financial results on Thursday, September 25, 2025 at 8:30 a.m. ET. A link to the webcast will be available at http://ir.steelcase.com and a replay of the webcast will be available shortly after the call concludes. The news release detailing the financial results will be issued the previous day, September 24, 2025, after the market closes.  About Steelcase Inc.  Steelcase (NYSE:SCS) is a global design and thought leader in the world of work. Our purpose is to help the world work better. Along with more than 30 creative and technology partner br

Highly Complementary Brand Portfolios, Dealer Networks, and Industry Segments will Enhance Customer Reach Combined Capabilities to Drive Accretion and Accelerate Strategic Initiatives to Better Serve Customers HNI and Steelcase to Host Conference Call and Webcast at 8:30 AM ET Today HNI Corporation (NYSE:HNI) and Steelcase Inc. (NYSE:SCS) today announced that they have entered into a definitive agreement under which HNI will acquire Steelcase in a cash and stock transaction, with a total consideration of approximately $2.2 billion to Steelcase common shareholders. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250803292459

Revenue grew 7% compared to prior year, driven by 9% broad-based growth in the AmericasGross margin of 33.9% represented an improvement of 170 basis points compared to prior yearOperating income increased 45% compared to prior yearOrder growth from large corporate customers continued, offset by declines from government and education customers GRAND RAPIDS, Mich., June 25, 2025 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE:SCS) today reported first quarter revenue of $779.0 million, net income of $13.6 million, or $0.11 per share, and adjusted earnings per share of $0.20. In the prior year, Steelcase reported revenue of $727.3 million, net income of $10.9 million, or $0.09 per share, and adjust

GRAND RAPIDS, Mich., June 05, 2025 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE:SCS) will webcast a discussion of its first quarter fiscal year 2026 financial results on Thursday, June 26, 2025 at 8:30 a.m. ET. A link to the webcast will be available at http://ir.steelcase.com and a replay of the webcast will be available shortly after the call concludes. The news release detailing the financial results will be issued the previous day, June 25, 2025, after the market closes.  Steelcase Inc. will hold its Annual Meeting of Shareholders on Wednesday, July 9, 2025, via live webcast at 11:00 a.m. ET. The webcast will be accessible at https://www.virtualshareholdermeeting.com/SCS2025. A Replay wil

Fourth quarter results compared to prior year: Orders grew 9%, driven by 12% broad-based growth in the AmericasGross margin improved 70 basis points Fiscal 2025 results: Orders grew 4%, driven by 6% growth in the Americas compared to prior yearGross margin improved 110 basis points compared to prior year, including benefits from cost reduction initiativesOperating income margin reached 5.0%, an improvement of 130 basis points compared to the prior yearAdjusted earnings per share exceeded company targetsReturned $84 million to shareholdersTotal liquidity strengthened by $73 million Company provides financial targets for fiscal 2026 of mid-single digit organic revenue growth and modest adjuste

GRAND RAPIDS, Mich., March 06, 2025 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE:SCS) will webcast a discussion of its fourth quarter and fiscal year 2025 financial results on Thursday, March 27, 2025 at 8:30 a.m. ET. A link to the webcast will be available at http://ir.steelcase.com and a replay of the webcast will be available shortly after the call concludes. The news release detailing the financial results will be issued the previous day, March 26, 2025, after the market closes.  About Steelcase Inc.  Established in 1912, Steelcase is a global design, research and thought leader in the world of work. We help people do their best work by creating places that work better. Along with more t

Strong results compared to prior year including: Revenue growth of 2% driven by 5% growth in the AmericasGross margin improvement of 100 basis pointsTotal liquidity strengthened by $152 million Americas posted order growth of 2% compared to prior yearOutlook for fiscal 2025 adjusted earnings per share exceeds company targets GRAND RAPIDS, Mich., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE:SCS) today reported third quarter revenue of $794.9 million, net income of $19.1 million, or $0.16 per share, and adjusted earnings per share of $0.30. In the prior year, Steelcase reported revenue of $777.9 million and net income of $30.8 million, or $0.26 per share, and had adjusted earnings

GRAND RAPIDS, Mich., Nov. 27, 2024 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE:SCS) will webcast a discussion of its third quarter fiscal year 2025 financial results on Thursday, December 19, 2024 at 8:30 a.m. ET. A link to the webcast will be available at http://ir.steelcase.com and a replay of the webcast will be available shortly after the call concludes. The news release detailing the financial results will be issued the previous day, December 18, 2024, after the market closes.  About Steelcase Inc.  Established in 1912, Steelcase is a global design, research and thought leader in the world of work. We help people do their best work by creating places that work better. Along with more t

Strong results compared to prior year including: Operating income increased $49 millionAdjusted operating income increased $15 millionGross margin improved 130 basis pointsTotal liquidity strengthened by $193 million Americas posted order growth of 3% compared to prior yearThird quarter outlook projects 1 to 4% revenue growth compared to prior year GRAND RAPIDS, Mich., Sept. 18, 2024 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE:SCS) today reported second quarter revenue of $855.8 million, net income of $63.1 million, or $0.53 per share, and adjusted earnings per share of $0.39. In the prior year, Steelcase reported revenue of $854.6 million, net income of $27.5 million, or $0.23 per share, an

GRAND RAPIDS, Mich., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE:SCS) will webcast a discussion of its second quarter fiscal year 2025 financial results on Thursday, September 19, 2024 at 8:30 a.m. ET. A link to the webcast will be available at http://ir.steelcase.com and a replay of the webcast will be available shortly after the call concludes. The news release detailing the financial results will be issued the previous day, September 18, 2024, after the market closes.  About Steelcase Inc.  Established in 1912, Steelcase is a global design, research and thought leader in the world of work. We help people do their best work by creating places that work better. Along with mor

Orders grew 8% compared to prior year with 10% growth in the AmericasOperating income improved by $10 million compared to prior year driven by InternationalStrong second quarter outlook driven by education and large corporate customersFirst half outlook reflects pace towards higher end of full year income targets GRAND RAPIDS, Mich., June 20, 2024 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE:SCS) today reported first quarter revenue of $727.3 million, net income of $10.9 million, or $0.09 per share, and adjusted earnings per share of $0.16. In the prior year, Steelcase reported revenue of $751.9 million, net income of $1.5 million, or $0.01 per share, and adjusted earnings per share of $0.09.

GRAND RAPIDS, Mich., June 17, 2024 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE:SCS) will webcast a discussion of its first quarter fiscal year 2025 financial results on Thursday, June 20, 2024 at 8:30 a.m. ET. A link to the webcast will be available at https://ir.steelcase.com and a replay of the webcast will be available shortly after the call concludes. The news release detailing the financial results will be issued before the market opens on June 20, 2024, which is a change from the previously announced date of after the market closes on June 19, 2024.  About Steelcase Inc. Established in 1912, Steelcase is a global design, research and thought leader in the world of work. We help people

GRAND RAPIDS, Mich., May 30, 2024 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE:SCS) will webcast a discussion of its first quarter fiscal year 2025 financial results on Thursday, June 20, 2024 at 8:30 a.m. ET. A link to the webcast will be available at http://ir.steelcase.com and a replay of the webcast will be available shortly after the call concludes. The news release detailing the financial results will be issued the previous day, June 19, 2024, after the market closes.  Steelcase Inc. will hold its Annual Meeting of Shareholders on Wednesday, July 10, 2024, via live webcast at 11:00 a.m. ET. The webcast will be accessible at https://www.virtualshareholdermeeting.com/SCS2024. A Replay wil

Fourth quarter results Orders grew 4% compared to prior year driven by 8% growth in the Americas Gross margin improved 140 basis points compared to prior yearEarnings per share increased 38% compared to prior year Fiscal 2024 results Gross margin improved 360 basis points compared to fiscal 2023Earnings per share increased 127% compared to fiscal 2023Total liquidity strengthened by $238 million during fiscal 2024 Company provides financial targets for fiscal 2025 GRAND RAPIDS, Mich., March 20, 2024 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE:SCS) today reported fourth quarter revenue of $775.2 million, net income of $21.3 million, or $0.1

GRAND RAPIDS, Mich., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE:SCS) will webcast a discussion of its fourth quarter and fiscal year 2024 financial results on Thursday, March 21, 2024 at 8:30 a.m. ET. A link to the webcast will be available at http://ir.steelcase.com and a replay of the webcast will be available shortly after the call concludes. The news release detailing the financial results will be issued the previous day, March 20, 2024, after the market closes.  About Steelcase Inc.  Established in 1912, Steelcase is a global design and thought leader in the world of work. We help people do their best work by creating places that work better. Along with more than 35 crea

Orders grew 15% compared to prior year and improved modestly on a sequential basis Gross margin improved 360 basis points compared to prior yearInternational generated operating income of $6.6 millionTotal liquidity strengthened by $110 million during the third quarter GRAND RAPIDS, Mich., Dec. 19, 2023 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE:SCS) today reported third quarter revenue of $777.9 million, net income of $30.8 million, or $0.26 per share, and adjusted earnings per share of $0.30. In the prior year, Steelcase reported revenue of $826.9 million, net income of $11.4 million, or $0.10 per share, and adjusted earnings per share of $0.20. Revenue and order growth (decline) compare

GRAND RAPIDS, Mich., Nov. 29, 2023 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE:SCS) will webcast a discussion of its third quarter fiscal year 2024 financial results on Wednesday, December 20, 2023 at 8:30 a.m. ET. A link to the webcast will be available at http://ir.steelcase.com and a replay of the webcast will be available shortly after the call concludes. The news release detailing the financial results will be issued the previous day, December 19, 2023, after the market closes.  About Steelcase Inc.  Established in 1912, Steelcase is a global design and thought leader in the world of work. We help people do their best work by creating places that work better. Along with more than 35 cr

Earnings per share increased 35% compared to the prior year driven by strong improvement in gross marginTotal liquidity strengthened by $115 million during the second quarterOutlook projects full year adjusted EPS of $0.80 to $0.90, significantly above fiscal 2024 target GRAND RAPIDS, Mich., Sept. 19, 2023 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE:SCS) today reported second quarter revenue of $854.6 million, net income of $27.5 million, or $0.23 per share, and adjusted earnings per share of $0.31. In the prior year, Steelcase reported revenue of $863.3 million, net income of $19.6 million, or $0.17 per share, and adjusted earnings per share of $0.21. Revenue and order growth (decline) com

GRAND RAPIDS, Mich., Aug. 29, 2023 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE:SCS) will webcast a discussion of its second quarter fiscal year 2024 financial results on Wednesday, September 20, 2023 at 8:30 a.m. ET. A link to the webcast will be available at http://ir.steelcase.com and a replay of the webcast will be available shortly after the call concludes. The news release detailing the financial results will be issued the previous day, September 19, 2023, after the market closes.  About Steelcase Inc.  Established in 1912, Steelcase is a global design and thought leader in the world of work. We help people do their best work by creating places that work better. Along with more than 35

Year-over-year revenue and earnings growth realized in very dynamic environmentGross margin improvement of 530 basis points compared to the prior year driven by pricing benefits and operational efficienciesOutlook projects first half of fiscal 2024 being ahead of pace against full year financial targets GRAND RAPIDS, Mich., June 21, 2023 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE:SCS) today reported first quarter revenue of $751.9 million, net income of $1.5 million, or $0.01 per share, and adjusted earnings per share of $0.09. In the prior year, Steelcase reported 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. Revenue a

GRAND RAPIDS, Mich., June 01, 2023 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE:SCS) will webcast a discussion of its first quarter fiscal year 2024 financial results on Thursday, June 22, 2023 at 8:30 a.m. ET. A link to the webcast will be available at http://ir.steelcase.com and a replay of the webcast will be available shortly after the call concludes. The news release detailing the financial results will be issued the previous day, June 21, 2023, after the market closes.  About Steelcase Inc.  Established in 1912, Steelcase is a global design and thought leader in the world of work. We help people do their best work by creating places that work better. Along with more than 35 creative an

Fourth quarter results: Revenue and earnings growth driven by year-over-year pricing benefitsOperating margin improved 330 basis points compared to prior year driven by gross margin improvementYear-over-year order declines moderated to 8% in fourth quarter compared to 17% in third quarter Fiscal 2023 results: Company delivered 17% revenue growth and significant earnings improvement despite challenging environment Outlook: First quarter guidance reflects continued year-over-year earnings improvement Company targets fiscal 2024 earnings growth driven largely by pricing benefits GRAND RAPIDS, Mich., March 22, 2023 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE:SCS) today rep

GRAND RAPIDS, Mich., March 02, 2023 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE:SCS) will webcast a discussion of its fourth quarter and fiscal year 2023 financial results on Thursday, March 23, 2023 at 8:30 a.m. ET. A link to the webcast will be available at http://ir.steelcase.com and a replay of the webcast will be available shortly after the call concludes. The news release detailing the financial results will be issued the previous day, March 22, 2023, after the market closes.  About Steelcase Inc.  Established in 1912, Steelcase is a global design and thought leader in the world of work. We help people do their best work by creating places that work better. Along with more than 35 cre

GRAND RAPIDS, Mich., Nov. 30, 2022 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE:SCS) will webcast a discussion of its third quarter fiscal year 2023 financial results on Tuesday, December 20, 2022 at 8:30 a.m. ET. A link to the webcast will be available at http://ir.steelcase.com and a replay of the webcast will be available shortly after the call concludes. The news release detailing the financial results will be issued the previous day, December 19, 2022, after the market closes.  About Steelcase Inc.  Established in 1912, Steelcase is a global design and thought leader in the world of work. We help people do their best work by creating places that work better. Along with more than 35 crea

Revenue growth of 19% driven by strong backlog, including significant pricing benefitsGross margin improved 60 basis points compared to prior year despite continued significant inflationary pressureThird quarter outlook reflects continued revenue and earnings growth expectations driven by backlog and gross margin improvementCompany announces additional reductions in planned spending and lower quarterly dividend due to uncertain demand environment GRAND RAPIDS, Mich., Sept. 21, 2022 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE:SCS) today reported second quarter revenue of $863.3 million, net income of $19.6 million, or $0.17 per share, and adjusted earnings per share of $0.21. In the prior yea

GRAND RAPIDS, Mich., Sept. 01, 2022 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE:SCS) will webcast a discussion of its second quarter fiscal year 2023 financial results on Thursday, September 22, 2022 at 8:30 a.m. ET. A link to the webcast will be available at http://ir.steelcase.com and a replay of the webcast will be available shortly after the call concludes. The news release detailing the financial results will be issued the previous day, September 21, 2022, after the market closes.  About Steelcase Inc.  Organizations around the world trust Steelcase to help them create workplaces that help people work better, be inspired and accomplish more. The company designs, manufactures and part

Strong growth in revenue and orders included broad-based strength in Americas and EMEA segmentsSignificant inflation continued to impact results, driving additional pricing actionsAcquisition 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 o

GRAND RAPIDS, Mich., June 01, 2022 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE:SCS) will webcast a discussion of its first quarter fiscal year 2023 financial results on Thursday, June 23, 2022 at 8:30 a.m. ET. A link to the webcast will be available at http://ir.steelcase.com and a replay of the webcast will be available shortly after the call concludes. The news release detailing the financial results will be issued the previous day, June 22, 2022, after the market closes.  Steelcase Inc. will hold its Annual Meeting of Shareholders on Wednesday, July 13, 2022, via live webcast at 11:00 a.m. ET. The webcast will be accessible at https://www.virtualshareholdermeeting.com/SCS2022. A replay wi

Fourth quarter results: Orders grew 27% and revenue increased 11% compared to prior year, with broad-based growth across all segmentsSignificant inflationary pressures and supply chain disruptions continued to impact operating results Outlook: First quarter guidance reflects significant revenue growth over prior year and continuation of supply chain disruptions and inflationary pressuresCompany targets strong revenue and earnings growth in fiscal 2023 driven by expected benefits of pricing actions and anticipated stronger demand from companies transforming their offices to support hybrid and in-person work GRAND RAPIDS, Mich., March 23, 2022 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE:SCS)

GRAND RAPIDS, Mich., March 03, 2022 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE:SCS) will webcast a discussion of its fourth quarter and fiscal year 2022 financial results on Thursday, March 24, 2022 at 8:30 a.m. ET. A link to the webcast will be available at http://ir.steelcase.com and a replay of the webcast will be available shortly after the call concludes. The news release detailing the financial results will be issued the previous day, March 23, 2022, after the market closes.  About Steelcase Inc.  Organizations around the world trust Steelcase to help them create places that help people work better, be inspired and accomplish more. The company designs, manufactures and partners with

Orders grew 40% compared to prior year and included exceptional strength in Asia PacificThird quarter results impacted by extraordinary inflation and supply chain disruptions, which are expected to persist in fourth quarterEMEA reported $8.3 million of operating income and 4.9% operating margin GRAND RAPIDS, Mich., Dec. 16, 2021 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE:SCS) today reported third quarter revenue of $738.2 million and net income of $9.6 million, or $0.08 per share. In the prior year, Steelcase reported revenue of $617.5 million and net income of $2.1 million, or $0.02 per share and adjusted earnings of $0.08 per share. Revenue increased 20 percent in the third quarter compa

GRAND RAPIDS, Mich., Nov. 24, 2021 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE:SCS) will webcast a discussion of its third quarter fiscal year 2022 financial results on Friday, December 17, 2021 at 8:30 a.m. ET. A link to the webcast will be available at http://ir.steelcase.com and a replay of the webcast will be available shortly after the call concludes. The news release detailing the financial results will be issued the previous day, December 16, 2021, after the market closes.  About Steelcase Inc.  Leading organizations around the world trust Steelcase to help them create workplaces that help people feel safe and are productive, inspiring and adaptable with our architecture, furniture a

Orders grew 24% compared to prior year and 12% compared to first quarterSecond quarter revenue impacted by supply chain disruptions, which are expected to persist into third quarterThird price increase of fiscal 2022 announced in response to continued significant inflationary pressuresOutlook for third quarter reflects revenue growth of 22% to 27% over prior year GRAND RAPIDS, Mich., Sept. 22, 2021 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE:SCS) today reported second quarter revenue of $724.8 million and net income of $24.7 million, or $0.21 per share. In the prior year, Steelcase reported revenue of $818.8 million and net income of $55.5 million, or $0.47 per share and adjusted earnings of

GRAND RAPIDS, Mich., Sept. 01, 2021 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE:SCS) will webcast a discussion of its second quarter fiscal year 2022 financial results on Thursday, September 23, 2021 at 8:30 a.m. ET. A link to the webcast will be available at http://ir.steelcase.com and a replay of the webcast will be available shortly after the call concludes. The news release detailing the financial results will be issued the previous day, September 22, 2021, after the market closes.  About Steelcase Inc.  Leading organizations around the world trust Steelcase to help them create workplaces that help people feel safe and are productive, inspiring and adaptable with our architecture, furni