Steelcase Expects Q2 Revenue of $850M-$875M Vs $865.23M Est, Adj EPS of $0.36-$0.40 Vs $0.30 Est
Outlook
At the end of the first quarter, the company's backlog was approximately $764 million, which was 1 percent higher than the prior year. The company expects second quarter fiscal 2025 revenue to be in the range of $850 to $875 million. The company reported revenue of $854.6 million in the second quarter of fiscal 2024. The projected revenue range translates to a decline of 1 percent to growth of 2 percent compared to the prior year, or organic growth of 1 to 4 percent.
The company expects to report earnings per share of between $0.33 to $0.37 for the second quarter of fiscal 2025 and adjusted earnings per share of between $0.36 to $0.40. The company reported earnings per share of $0.23 and adjusted earnings per share of $0.31 in the second quarter of fiscal 2024.