Steelcase Inc. manufactures and sells integrated furniture settings, user-centered technologies, and interior architectural products in the United States and internationally. It operates through Americas, EMEA, and Other segments. The company's furniture portfolio includes panels, fence and beam-based furniture systems, storage products, fixed and height-adjustable desks, benches, and tables, as well as complementary products, including worktools and screens. Its seating products comprise task chairs; seating for collaborative or casual settings; and specialty seating for specific vertical markets, such as healthcare and education. The company's interior architectural products include full and partial height walls and architectural pods. It also provides textiles, wall coverings, and surface imaging solutions for architects and designers; and workplace strategy consulting, data-driven space measurement, lease origination, furniture and asset management, and hosted event services. The company markets and sells its products to corporate, government, healthcare, education, and retail customers under the Steelcase, Coalesse, Smith System, AMQ, Turnstone, Orangebox, and Designtex brands. It distributes its products and services through a network of independent and company-owned dealers, as well as directly to end-use customers. The company was founded in 1912 and is headquartered in Grand Rapids, Michigan.
IPO Year: 1998
Exchange: NYSE
Website: steelcase.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/9/2024 | Outperform | Noble Capital Markets | |
| 11/30/2022 | Buy → Hold | The Benchmark Company | |
| 10/4/2022 | $11.00 | Neutral → Buy | Sidoti |
| 9/15/2022 | $12.00 | Buy → Neutral | Sidoti |
Leaders in hybrid collaboration and technology create more realistic virtual connections for better meetings in the office. GRAND RAPIDS, MIich., June 11, 2024 /PRNewswire/ -- Steelcase, a global design, research and thought leader in the world of work, and Logitech, a multinational software-enabled hardware solutions provider, today introduce Ocular™ View – an extended reality experience that immerses people in virtual conversations that make them feel like they're sitting across from one another even when they're miles apart. Ocular View is designed to enhance individual connections by integrating Steelcase hybrid collaboration insights and design with Logitech's video collaboration tech
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. "We are incredibly pleased to welcome Sanjay to our board of directors," said Rob Pew, chair of the Steelcase board of directors. "Sanjay is a successful
Noble Capital Markets initiated coverage of Steelcase with a rating of Outperform
The Benchmark Company downgraded Steelcase from Buy to Hold
Sidoti upgraded Steelcase from Neutral to Buy and set a new price target of $11.00
Sidoti downgraded Steelcase from Buy to Neutral and set a new price target of $12.00
Berenberg initiated coverage of Steelcase with a rating of Buy and set a new price target of $17.00
Benchmark upgraded Steelcase from Hold to Buy and set a new price target of $17.00
The Benchmark Company upgraded Steelcase from Hold to Buy and set a new price target of $17.00
4 - STEELCASE INC (0001050825) (Issuer)
4 - STEELCASE INC (0001050825) (Issuer)
4 - STEELCASE INC (0001050825) (Issuer)
4 - STEELCASE INC (0001050825) (Issuer)
4 - STEELCASE INC (0001050825) (Issuer)
4 - STEELCASE INC (0001050825) (Issuer)
4 - STEELCASE INC (0001050825) (Issuer)
4 - STEELCASE INC (0001050825) (Issuer)
4 - STEELCASE INC (0001050825) (Issuer)
4 - STEELCASE INC (0001050825) (Issuer)
Benchmark analyst Reuben Garner maintains Steelcase (NYSE:SCS) with a Buy and raises the price target from $17 to $18.
Benchmark analyst Reuben Garner maintains Steelcase (NYSE:SCS) with a Buy and raises the price target from $17 to $18.
Orders (adjusted for the impact of a divestiture and currency translation effects) grew 8 percent in the first quarter compared to the prior year, including 10 percent growth in the Americas and 2 percent growth in International. The order growth in the Americas was primarily driven by project business with large corporate customers and our education business.
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.
Steelcase (NYSE:SCS) reported quarterly earnings of $0.16 per share which beat the analyst consensus estimate of $0.10 by 60 percent. The company reported quarterly sales of $727.300 million which missed the analyst consensus estimate of $729.125 million by 0.25 percent. This is a 3.27 percent decrease over sales of $751.900 million the same period last year.
Steelcase Inc. (NYSE:SCS) is set to release earnings results for its first quarter, after the closing bell on Wednesday. Analysts expect the Grand Rapids, Michigan-based company to report quarterly earnings at 10 cents per share, up from 9 cents per share in the year-ago period. The company is projected to post revenue of $729.13 million for the quarter, according to data from Benzinga Pro. On Friday, Benchmark analyst Reuben Garner upgraded Steelcase from Hold to Buy, while announcing a price target of $17. With the recent buzz around Steelcase, some investors may be eyeing potential gains from the company's dividends too. As of now, Steelcase offers an annual dividend yield of 3.2
Benchmark analyst Reuben Garner upgrades Steelcase (NYSE:SCS) from Hold to Buy and announces $17 price target.
Leaders in hybrid collaboration and technology create more realistic virtual connections for better meetings in the office.GRAND RAPIDS, MIich., June 11, 2024 /PRNewswire/ -- Steelcase, a global design, research and thought leader in the world of work, and Logitech, a multinational software-enabled hardware solutions provider, today introduce Ocular™ View – an extended reality experience that immerses people in virtual conversations that make them feel like they're sitting across from one another even when they're miles apart.
The Nasdaq 100 closed lower by around 0.4% on Tuesday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company’s prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision. Below is a look at a few recent notable insider sales. For more, check out Benzinga's insider transactions platform. Workday The Trade: Workday, Inc. (NASDAQ:WDAY) 10% owner David A Duffield sold a total of 56,000 shares at an average price of $276
Shares of FactSet Research Systems Inc. (NYSE:FDS) fell sharply during Thursday’s session after the company reported worse-than-expected second-quarter revenue and issued FY24 guidance. FactSet Research posted adjusted earnings of $4.22 per share, beating market estimates of $3.88 per share. The company’s quarterly sales came in at $545.95 million, missing expectations of $546.80 million, according to data from Benzinga Pro. FactSet Research shares dipped 5.2% to $462.36 on Thursday. Here are some other stocks moving in today's mid-day session. Gainers Yield10 Bioscience, Inc. (NASDAQ:YTEN) shares jumped 136.7% to $0.5751 after the company announced that the USDA-APHIS Biotechnology
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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
GRAND RAPIDS, Mich., June 25, 2024 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE:SCS) announces that Dave Sylvester, Senior Vice President, Chief Financial Officer and Michael O'Meara, Director, Investor Relations and Financial Planning & Analysis, will be presenting at the Noble Capital Markets' Consumer, Communications, Media, and Technology Emerging Growth Virtual Equity Conference on June 26, 2024. The presentation is scheduled for 3:00 p.m. ET and will be webcast. Scheduled 1x1 meetings are also available for registered, qualified investor attendees. Attendees interested in viewing the live presentation can register for this event, at no cost, here: Virtual Equity Conference Registratio
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
Leaders in hybrid collaboration and technology create more realistic virtual connections for better meetings in the office. GRAND RAPIDS, MIich., June 11, 2024 /PRNewswire/ -- Steelcase, a global design, research and thought leader in the world of work, and Logitech, a multinational software-enabled hardware solutions provider, today introduce Ocular™ View – an extended reality experience that immerses people in virtual conversations that make them feel like they're sitting across from one another even when they're miles apart. Ocular View is designed to enhance individual connections by integrating Steelcase hybrid collaboration insights and design with Logitech's video collaboration tech
Company unveils its industry-first transition plan to cut carbon emissions over 90% throughout its value chain. GRAND RAPIDS, Mich., June 10, 2024 /PRNewswire/ -- Steelcase today announces its commitment to a net-zero future, reducing its carbon emissions over 90%* throughout its entire value chain – through its products, operations and transportation – by 2050. Demonstrating transparency and accountability toward this goal, Steelcase released an industry-first net-zero transition plan, "Power of Possibility: A Net-Zero Future Needs Us All." This plan outlines how the company
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
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