Why Steelcase Stock Is Down Today [Yahoo! Finance]
Steelcase Inc. (SCS)
Last steelcase inc. earnings: 3/24 04:29 pm
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US:NYSE Investor Relations:
steelcase.com/investor-relations
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Source: Yahoo! Finance
ET after the company provided a modest outlook for what lies ahead. The slow road back to normal Steelcase's core office furniture business was thrown into flux by the pandemic and the recovery has taken longer than investors had hoped. The company earned $0.23 per share in its fiscal fourth quarter ending Feb. 23 on sales of $775.25 million, a mixed result relative to Wall Street's estimate of $0.21 per share on sales of $780.25 million. Orders grew 4% in the quarter, with 8% growth in the Americas offsetting continued declines internationally. CEO Sara Armbruster said the domestic strength was driven by large corporate customers and reflect a call for "a stronger in-office presence." Steelcase expects full-year fiscal 2025 earnings of between $0.85 and $1 per share, in line with Wall Street's $0.92-per-share estimate. The company finished the most recent quarter with a backlog of $625 million in future orders, down 8% from the prior year, but said that orders in the first fe
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SCS
Earnings
- 3/20/24 - Beat
SCS
Sec Filings
- 4/24/24 - Form 4
- 4/16/24 - Form 4
- 4/12/24 - Form 4
- SCS's page on the SEC website