Steelcase - SCS STOCK NEWS

Steelcase (NYSE: SCS) will webcast a discussion of its Q1 FY 2025 financial results on June 20, 2024, at 8:30 a.m. ET. The webcast link will be available on their investor relations site, with a replay accessible after the call. Notably, the financial results news release will now be issued before the market opens on June 20, 2024, instead of after the market closes on June 19, 2024.

Steelcase and Logitech have introduced Ocular™ View, an extended reality experience aimed at enhancing virtual meetings by providing a realistic, immersive environment. Launched initially as Project Ghost at Integrated Systems Europe 2023, Ocular View integrates Steelcase's hybrid collaboration insights with Logitech's video technology. The experience supports platforms like Microsoft Teams and Zoom, aiming to improve personal connections, well-being, and privacy in virtual settings. Ocular View is enclosed in Steelcase® Everwall® (or Orangebox® Campers & Dens™ in Europe) and features comfortable seating, soft lighting, and distraction-free design. The product is now orderable in North America and select European countries, with broader availability coming in late 2024.

Steelcase has announced a commitment to achieving a net-zero carbon emissions future by 2050, marking an industry-first with their detailed transition plan, "Power of Possibility: A Net-Zero Future Needs Us All." The company aims to reduce carbon emissions by over 90% across its value chain, including products, operations, and transportation. This initiative builds on their 2019 science-based targets to cut emissions by 50% in their operations by 2030, validated by the Science-Based Targets initiative. Steelcase is engaging its entire ecosystem—employees, dealers, suppliers, customers, and peers—to achieve this ambitious goal. They emphasize reducing their carbon footprint, designing for circularity, and responsible material usage. Steelcase has received accolades from CDP, EcoVadis, and the U.S. Department of Energy for its sustainability efforts.

Steelcase (NYSE: SCS) announced it will webcast its first quarter fiscal 2025 financial results on June 20, 2024, at 8:30 a.m. ET. The results will be published the previous day, June 19, 2024, after the market closes. Both the webcast and a replay will be accessible on the Steelcase investor relations website. Additionally, Steelcase will hold its Annual Meeting of Shareholders on July 10, 2024, via live webcast at 11:00 a.m. ET, with a replay available post-event.

Steelcase Inc. reported fourth-quarter revenue of $775.2 million, with a 3% decline compared to the prior year. Earnings per share increased by 38% year-over-year. Gross margin improved by 140 basis points. For fiscal 2024, revenue decreased by 2%, but earnings per share surged by 127% compared to fiscal 2023. The company's total liquidity strengthened by $238 million during fiscal 2024.

Steelcase Inc. (SCS) will webcast a discussion of its Q4 and fiscal year 2024 financial results on March 21, 2024, with the news release to be issued on March 20, 2024.

Steelcase (SCS) achieves top environmental ranking with an A- score from CDP, highlighting its commitment to sustainability and transparency in environmental practices. Only 5% of 23,000+ companies achieved this level, showcasing Steelcase's leadership in the industry.

Steelcase (NYSE: SCS) has been named among the world's leading brands on the FORTUNE® 2024 World's Most Admired Companies list for the 18th year and recognized as first in the Home Equipment and Furnishings category. The company's score must rank in the top half of its industry survey to be included on the list. Steelcase is a global design and thought leader in the world of work, designing, manufacturing, and partnering with leading organizations to create furnishings and solutions for various work environments. The organization is dedicated to creating better workspaces and challenging itself to do better for both people and the planet. Steelcase delivers insights and design innovation to customers worldwide through its dealer community, Steelcase Store, and retail partners.

Steelcase Inc. (NYSE: SCS) reported third quarter revenue of $777.9 million, net income of $30.8 million, and adjusted earnings per share of $0.30. Orders grew 15% and gross margin improved by 360 basis points compared to the prior year.