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Steelcase Inc  (SCS)
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Steelcase Inc

SCS's Financial Statements and Analysis



Steelcase Inc reported in the third quarter of 2024 net earnings per share of $0.26 an increase by 160 % year on year from $0.10 and an improvement of 13.04 % from $0.23 realized in II. Quarter (Aug 25 2023).


third quarter of 2024
Earnings Per Share Revenues
$ 0.26 $  778 Mill
$+0.16     +160 % $-49M     -5.93 %



Steelcase Inc's Revenue fell by -5.93 % in third quarter of 2024 (Nov 24 2023) year on year, to $778 million and declined by -8.97 % sequentially.


Steelcase Inc is Expected to report next financial results on March 20, 2024.

More on SCS's Income Statement



Steelcase Inc's net income of $30.800 million in the third quarter of 2024 increased by 170.18 % from net earnings of $11.400 million achieved in III. Quarter a year ago.

Sequentially net earnings grew by 12 % from net income of $27.500 million realized in previous quarter.

More on SCS's Growth

Steelcase Inc Inventories
Inventories declined by -31.36 % to $259.80 million from III. Quarter a year ago, sequentially inventories fell by -4.13 %. SCS's Cash flow In the third quarter of 2024 company's net cash flow was $109 million, capital expenditures grew by -13.9-5.76%, to $-13 millions compare to same quarter a year ago

More on SCS's Cash flow Statement


Steelcase Inc payed out dividend of $0.39 per share in last 52 weeks representing 61.90 % of net earning per share in trailing twelve-month period.

During the same period Steelcase Inc earned $ 2.86 cash per share, on a free-cash flow basis 454.64 % of net earning per share.

Book value grew by 3.63 % sequentially to $7.39 per share, 46.38% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 4.24 per share from $ 3.95.

Company repurchased 1.10 million shares or 0.92 % in Nov 24 2023.
Interest Coverage Ratio was 4.91. Debt Coverage Ratio was 0.29.

More on SCS's Dividends

 Market Capitalization (Millions) 1,509
 Shares Outstanding (Millions) 118
 Total Debt (Millions $) 446
 Revenue (TTM) (Millions $) 3,186
 Net Income (TTM) (Millions $) 76
 Cash Flow (TTM) (Millions $) 207
 Capital Exp. (TTM) (Millions $) -54
 Dividend TTM ($) 0.39 $
 Dividend Yield TTM (%) 3.14 %
 Employees (TTM) $ 11,000




Steelcase Inc payed out dividend of $0.39 per share in the last 52 weeks representing 61.90 % of net earning per share in trailing twelve-month period.

During the same period Steelcase Inc had $ 2.86 cash flow per share, on a free-cash flow basis 454.64 % of net earning per share.

Book value grew by 3.63 % sequentially to $7.39 per share, 46.38% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 4.24 per share from $ 3.95.

Company repurchased 1.10 million shares or 0.92 % in Nov 24 2023.
Interest Coverage Ratio was 4.91. Debt Coverage Ratio was 0.29.

More on SCS's Balance Sheets

 Market Capitalization (Millions) 1,509
 Shares Outstanding (Millions) 118
 Total Debt (Millions $) 446
 Revenue (TTM) (Millions $) 3,186
 Net Income (TTM) (Millions $) 76
 Cash Flow (TTM) (Millions $) 207
 Capital Exp. (TTM) (Millions $) -54
 Dividend TTM ($) 0.39 $
 Dividend Yield TTM (%) 3.14 %
 Employees (TTM) $ 11,000
   


  News about Steelcase Inc Earnings

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 abund...

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 environme...

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.


Date modified: 2023-12-21T15:25:00+00:00





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