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Steelcase Inc  (SCS)
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Price: $12.7400 $-0.04 -0.313%
Day's High: $13.01 Week Perf: 0.71 %
Day's Low: $ 12.72 30 Day Perf: -5.91 %
Volume (M): 858 52 Wk High: $ 14.54
Volume (M$): $ 10,926 52 Wk Avg: $10.08
Open: $12.73 52 Wk Low: $6.39



 Market Capitalization (Millions $) 1,509
 Shares Outstanding (Millions) 118
 Employees 11,000
 Revenues (TTM) (Millions $) 3,186
 Net Income (TTM) (Millions $) 76
 Cash Flow (TTM) (Millions $) 207
 Capital Exp. (TTM) (Millions $) 54

Steelcase Inc

At Steelcase, our purpose is to unlock human promise by creating great experiences at work, wherever work happens, and in environments that include education and healthcare. Through our family of brands that include Steelcase®, Coalesse®, Designtex®, PolyVision® and Turnstone®, we offer a comprehensive portfolio of solutions that support the social, economic and sustainability needs of people and are inspired by the insights gained from our human-centered research process. We are a globally integrated enterprise, headquartered in Grand Rapids, Michigan, U.S.A., Steelcase was founded in 1912 and became publicly traded in 1998, and our stock is listed on the New York Stock Exchange under the symbol “SCS”.

Our growth strategy continues to focus on translating our research-based insights into products, applications and experiences that will help the world’s leading organizations amplify the performance of their people, teams and enterprise. We help our customers create workplace destinations that augment human interaction by supporting the physical, cognitive and emotional needs of their people, while also optimizing the value of their real estate investments. Over the past several years, we have continued to invest in research and product development and have launched new products, applications and experiences designed to address the significant trends that are impacting the workplace, such as global integration, disruptive technologies, worker mobility, distributed teams and the need for enhanced collaboration and innovation.
We also continue to focus on growth through leveraging our global scale. Our global scale allows us to provide local differentiation, as we serve customers around the globe through significant sales, manufacturing and administrative operations in the Americas, Europe and Asia Pacific. We remain committed to our strategy as a globally integrated enterprise and growing our presence in emerging markets alongside our global customers and where we believe we can serve the needs of workers and organizations.


We market our products and services primarily through a network of independent and company-owned dealers and also sell directly to end-use customers. We extend our reach with a limited presence in retail and web-based sales channels.

Our brands provide an integrated portfolio of furniture settings, user-centered technologies and interior architectural products across a range of price points. Our furniture portfolio includes panel-based and freestanding furniture systems and complementary products such as storage, tables and ergonomic worktools. Our seating products include task chairs which are highly ergonomic, seating that can be used in collaborative or casual settings and specialty seating for specific vertical markets such as healthcare and education. Our technology solutions support group collaboration by integrating furniture and technology. Our interior architectural products include full and partial height walls and doors. We also offer services designed to reduce costs and enhance the performance of people, wherever they work. Among these services are workplace strategy consulting, lease origination services, furniture and asset management and hosted spaces.

Steelcase
The Steelcase brand takes our insights from research and delivers high performance, sustainable work environments while striving to be a trusted partner. Being a trusted partner means understanding and helping our customers and partners who truly seek to elevate their performance. The Steelcase brands core customers are leading organizations (such as corporations, healthcare organizations, colleges/universities and government entities) that are often large with ever-changing complex needs and have an increasingly global reach. We strive to meet their diverse needs while minimizing complexity by using a platform approach—from product components to common processes—wherever possible.
Steelcase sub-brands include:

Steelcase Health, which is focused on creating healthcare environments that enable empathy, empowerment and connection for patients, care partners, and providers engaged in the healthcare experience.

Steelcase Education, which is focused on helping schools, colleges and universities create the most effective, rewarding and inspiring "active learning" environments to meet the evolving needs of students and educators.

Coalesse
Coalesse offers a collection of furnishings that expresses a new freedom at work. It is part of the rapidly growing crossover and ancillary market—homes and offices, meeting rooms and social spaces, private retreats and public places—and is addressing the fluid intersections of work and life where boundaries are collapsing and creativity is increasing.

Designtex
Designtex offers applied surface solutions that enhance environments and is a leading resource for applied surface knowledge, innovation and sustainability. Designtex products are premium fabrics and surface materials designed to enhance seating, walls, work stations and floors and can provide privacy, way-finding, motivation, communications and artistic expression.

PolyVision
PolyVision is the worlds leading supplier of ceramic steel surfaces for use in educational institutions and architectural panels or special applications for commercial or infrastructure applications.

Turnstone
Turnstone was created based on the belief that the world needs more successful entrepreneurs and small businesses and that great spaces to work can help that happen. Turnstone makes it easier for these companies to create insight-led places to work through our dealer channel or using web-based tools.



   Company Address: 901 44th Street SE Grand Rapids, 49508 MI
   Company Phone Number: 247-2710   Stock Exchange / Ticker: NYSE SCS
   SCS is expected to report next financial results on March 20, 2024.


Customers Net Income fell by SCS's Customers Net Profit Margin fell to

-61.49 %

2.55 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
MLKN        0.91% 
BSET   -2.5%    
COST   -0.72%    
ETD   -3.33%    
LEG   -5.01%    
LZB   -1.51%    
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Steelcase Inc

Headline: SCS Records Remarkable 160% Profit Surge During Q3 2024 Earnings Season

ore over the financial results of Steelcase Inc. for the third quarter of 2024, one thing becomes abundantly clear: this renowned furniture manufacturer has managed to weather the storm and deliver impressive earnings growth despite facing headwinds in revenue generation.
With revenue declining by -5.926% to $777.90 million year on year, it is evident that Steelcase faced significant challenges in capturing market demand during the reported period. However, their nimble financial management strategies paid off, resulting in an astounding 160% increase in earnings per share (EPS) to $0.26 per share.

Steelcase Inc

Steelcase Inc's Robust Earnings Growth and Profit Margin Improvement Amidst Slight Revenue Decline Garner Investor Interest


Date: September 1, 2023
Steelcase Inc, a leading Office Supplies company, has reported impressive earnings growth and improved profit margins, even as revenue experienced a slight decline in the June to August 25, 2023 period. This promising performance has caught the attention of investors who are now contemplating the future potential of the company.
Although revenue dipped by -1.008% to $854.60 million on a year-on-year basis, Steelcase Inc managed to increase its earnings per share significantly, with profit per share soaring by 35.29% to $0.23. This indicates that the company has been able to optimize its financial operations and generate higher profits amidst a challenging market environment.

Steelcase Inc

Steelcase Inc Witnesses Modest Revenue Growth and Positive Earnings in Q1 2024

Steelcase Inc, a global leader in office furniture and workspace solutions, reported positive earnings for the fiscal span ending May 26, 2023. The company earned $0.01 per share, a considerable improvement compared to a loss of $-0.10 per share in the same period a year ago. However, there was a significant drop in earnings per share (EPS) from the previous quarter, down by -92.31% from $0.13 per share.
Despite the decline in EPS, Steelcase Inc experienced growth in its revenue. On a year-on-year basis, revenue increased by a modest 1.512% to $751.90 million from $740.70 million in the comparable quarter. However, sequentially, the company witnessed a 6.212% decrease in revenue from $801.70 million.






 

Steelcase Inc's Segments
 
 
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