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Steelcase, Inc. (NYSE: SCS) is a leading global design and thought leader in the world of work, established in 1912 and headquartered in Grand Rapids, Michigan. The company's transformative vision helps enhance workplaces, creating environments where employees can excel. Steelcase designs and manufactures a broad portfolio of furniture and architectural products, including brands such as Steelcase, AMQ, Coalesse, and Designtex, aimed at elevating the work experience in business, healthcare, and education sectors.
Steelcase's products and services are marketed through a robust network of dealers, as well as through direct online and retail channels. The company operates primarily in two segments: the Americas, which is its largest revenue generator, and the International segment, which covers markets outside of North America.
Recent achievements reinforce Steelcase's leadership in the industry. In fiscal year 2024, the company reported revenue of $3.2 billion, highlighting its steady growth and resilience. Steelcase's innovative spirit was demonstrated with the launch of Ocular View, an extended reality experience developed in collaboration with Logitech, designed to enhance virtual meetings by creating more personal connections. Another notable milestone is the company's continued focus on sustainability, evidenced by its eco-friendly initiatives like achieving carbon neutrality and offering products with CarbonNeutral® certification.
Financially, Steelcase has shown remarkable improvement. For the third quarter of fiscal 2024, the company reported revenue of $777.9 million and a net income of $30.8 million, a significant increase from the previous year's $11.4 million. The company's liquidity stood strong at $424.6 million, up by $110.1 million from the prior quarter. The Board of Directors declared a quarterly cash dividend of $0.10 per share, showcasing confidence in the company's financial health.
Steelcase is recognized for its contributions to the industry and society, receiving accolades such as an EcoVadis Gold rating and being named one of the World's Most Admired Companies by Fortune. These recognitions underscore Steelcase's commitment to creating better futures for people and the planet, aligning with its core values of integrity, inclusion, and community support.
For more insights and updates, visit Steelcase.com.
Steelcase Inc. (NYSE: SCS) will host a live webcast on June 23, 2022, at 8:30 a.m. ET to discuss its first quarter fiscal year 2023 financial results, with a news release prior on June 22. The Annual Meeting of Shareholders is set for July 13, 2022, at 11:00 a.m. ET, also via live webcast. Steelcase is a leading global provider of architecture, furniture, and technology solutions, reporting $2.6 billion in revenue for fiscal 2021. More details can be found on their website.
Steelcase Inc. (SCS) reported a fourth-quarter revenue of $753.1 million, an 11% increase from $677.1 million in the prior year. However, the company faced a net loss of $2.2 million compared to a net income of $6.6 million last year. Orders surged 27%, led by 29% growth in the Americas, reflecting strong demand for office transformation products. Despite challenges like inflation and supply chain disruptions, the company anticipates a 22% to 27% revenue increase in the first quarter of fiscal 2023 and aims for organic growth of 15% to 20% for the fiscal year.
Steelcase Inc. (NYSE: SCS) will host a webcast on March 24, 2022, at 8:30 a.m. ET, to discuss its fourth quarter and fiscal year 2022 financial results. The financial results will be released the day prior, after market close, on March 23, 2022. Steelcase is recognized for its innovative designs in architecture, furniture, and technology solutions, serving organizations globally. For fiscal year 2021, the company reported revenue of $2.6 billion. Further details will be available during the webcast and on their investor relations website.
Steelcase reported Q3 revenue of $738.2 million, up 20% year-over-year, and net income of $9.6 million or $0.08 per share. Orders surged by 40% compared to the prior year, with strong growth in Asia Pacific, particularly in India and China. However, supply chain disruptions led to shipment delays estimated to shift $35 million of revenue into Q4. Gross margin decreased to 27.6% due to $27 million in inflation costs. The company expects Q4 revenue to range between $740 million and $765 million.
Steelcase Inc. (NYSE: SCS) will host a webcast to discuss its Q3 fiscal year 2022 financial results on December 17, 2021, at 8:30 a.m. ET. The financial results will be detailed in a news release on December 16, 2021, after market close. Interested parties can access the webcast at ir.steelcase.com. Steelcase, a global leader in workplace solutions, reported fiscal 2021 revenue of $2.6 billion.
Steelcase (NYSE: SCS) announces participation in the Water Tower Research Fireside Chat Series on November 3, 2021, at 10:00 a.m. ET. Senior Vice President and CFO, Dave Sylvester, along with Allan Smith, Senior Vice President, Chief Revenue Officer, will join the event via live webcast. Investors can register for the webcast through a link available on the company's investor relations page.
In fiscal 2021, Steelcase reported revenues of $2.6 billion and is renowned for creating productive and adaptable workplace solutions.
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