GRAND RAPIDS, Mich., June 05, 2025 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) will webcast a discussion of its first quarter fiscal year 2026 financial results on Thursday, June 26, 2025 at 8:30 a.m. ET. A link to the webcast will be available at http://ir.steelcase.com and a replay of the webcast will be available shortly after the call concludes. The news release detailing the financial results will be issued the previous day, June 25, 2025, after the market closes. Steelcase Inc. will hold its Annua ...

Steelcase Inc. (NYSE: SCS ) has good growth potential moving ahead. The company’s revenue growth should benefit from improving order trends and a strong backlog, which provides good visibility for near-term revenue growth. Further, improvements in office occupancy rates and the return-to-office trendWe focus on GARP (Growth at reasonable Price) opportunities in industrial, consumer, and technology sectors. We are among the top 50 financial experts (Out of ~39,000 tracked) as measured by Tipranks based on th ...

Revenue and Customer Concentration - The Americas segment generated revenue with no single industry representing more than 18% of the segment's revenue in 2025[30]. - The largest independent Steelcase dealer in the Americas accounted for approximately 6% of the segment's revenue in 2025, while the five largest independent dealers collectively accounted for about 15%[31]. - The International segment's largest independent dealer accounted for approximately 4% of its revenue in 2025, with the top five dealers making up about 10%[34]. - The largest customer contributed approximately 2% to consolidated revenue in 2025, with the top five customers accounting for about 6%[37]. - Foreign revenue accounted for approximately 28% of consolidated revenue in 2025, down from 29% in 2024[196]. Financial Performance and Investments - Total investments in unconsolidated joint ventures and other equity investments amounted to $53.3 million as of February 28, 2025[36]. - Research, design, and development expenses were $50.4 million in 2025, up from $48.2 million in 2024 and $44.4 million in 2023[47]. - Cost of sales decreased by approximately $6 million in 2025 and $14 million in 2024 due to changes in commodity costs[204]. - A 10% strengthening of the U.S. dollar would have increased operating income by approximately $16.8 million in 2025 and $16.5 million in 2024[197]. - A 1% increase in interest rates would have increased net income by approximately $2 million in 2025 and $1 million in 2024[201]. - An additional 1% increase in commodity prices would have decreased operating income by approximately $12 million in 2025 and $11 million in 2024[204]. Employment and Manufacturing - As of February 28, 2025, the company employed approximately 11,300 individuals, including about 6,600 in manufacturing and distribution[56]. - The company’s manufacturing model is predominantly make-to-order, with standard lead times typically ranging from four to six weeks[40]. Environmental Compliance - The company is subject to various environmental laws and believes it is in substantial compliance, with established reserves deemed adequate for anticipated remediation costs[58]. Currency and Investment Valuation - Cumulative net currency translation adjustments reduced shareholders' equity by $75.9 million as of February 28, 2025, compared to $68.5 million as of February 23, 2024[198]. - Net foreign currency exchange losses were $2.0 million in 2025 and $1.0 million in 2024[199]. - The net cash surrender value of variable life COLI policies was $64.4 million as of February 28, 2025, with 60% in fixed income and 40% in equity investments[205]. - A 10% adverse change in the value of the equity portion of variable life COLI investments would reduce net income by approximately $3 million in both 2025 and 2024[206].

Group 1 - Steelcase's Gesture office chair has been awarded the title of best office chair by Expert Consumers for its exceptional comfort and ergonomic design [1][4] - The Gesture chair features 3D LiveBack® technology and adjustable 360° arms, addressing the ergonomic needs arising from prolonged device usage [2][5] - The chair is designed to support a wide range of postures and user needs, reflecting the evolving demands of modern workplaces [4][7] Group 2 - Recent studies indicate that prolonged sitting and technology use have reshaped workplace ergonomics, increasing the demand for adaptable seating solutions [5][7] - Gesture's design includes features that enhance comfort during long workdays, such as a flexible seat edge and intuitive adjustments for a tailored fit [6][7] - Steelcase has over a century of experience in the office furniture industry, focusing on designing people-centered workplaces that enhance productivity and engagement [8]

Steelcase (SCS) closed the last trading session at $11.46, gaining 0.3% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $17 indicates a 48.3% upside potential.The average comprises four short-term price targets ranging from a low of $16 to a high of $18, with a standard deviation of $1.15. While the lowest estimate indicates an increase of 39.6% from the current price level, the mo ...

Steelcase (SCS) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. Individual inv ...

Financial Data and Key Metrics Changes - The full year adjusted earnings per share finished at $1.12, exceeding the top end of the targets communicated at the beginning of the fiscal year [8] - Adjusted operating margin was 5%, with 7% in the Americas [9] - Fourth quarter revenue was $788 million, in the upper end of the estimated range provided in December [22] - Adjusted earnings of $0.26 per share included $0.11 related to favorable tax items [23] - Organic revenue declined by 5% year-over-year, with a 3% decline in the Americas and a 10% decline in International [24] Business Line Data and Key Metrics Changes - The Americas segment saw a 12% order growth in Q4, marking the sixth consecutive quarter of year-over-year order growth [9][28] - The International segment experienced a 1% growth in orders, driven by strong growth in India and Spain, offset by weakness in Germany and the UK [28] - The small and midsize business segment, particularly the AMQ brand, grew at a strong double-digit percentage in fiscal '25 [16] Market Data and Key Metrics Changes - US office leasing activity in Q4 increased by 24% versus Q3 and 23% year-over-year, marking the highest quarter of leasing activity in three years [10] - Average weekly order levels through the first three weeks in March were 7% higher than the Q4 weekly average [30] Company Strategy and Development Direction - The company aims to lead the transformation of the workplace, focusing on creating workspaces that adapt to changing employee needs [11] - The strategy includes expanding reach within markets, with year-over-year order growth across all customer segments in the Americas, except for the consumer business [14] - The company is developing a new ERP system to simplify processes and enhance capabilities, targeting a go-live in calendar year 2026 [19] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the fiscal '25 results and the progress made against the strategy, despite facing challenges from tariffs and global trade uncertainty [20][36] - The company anticipates organic revenue growth of 5% to 9% for the first quarter of fiscal '26, with adjusted earnings expected between $0.13 and $0.17 per share [31] - Management acknowledged the cyclical nature of the industry and the potential impact of macroeconomic uncertainty on demand patterns [82] Other Important Information - The company returned $84 million to shareholders and generated $100 million of free cash flow [18] - A tariff recovery charge was announced, which is tied to inflationary pressures and could be adjusted based on the evolving tariff landscape [89] Q&A Session Summary Question: Can you run through the commentary around the order pacing through the fourth quarter? - Management noted that orders followed normal seasonal patterns, with strong growth in February and expectations for continued strength due to the tariff recovery charge [41][42] Question: What actions are being taken to improve profitability in the International segment? - Management indicated that growth is expected in the International business, but cost structure adjustments are necessary due to past performance [44][45] Question: Can you clarify the variable compensation and tax items in the fourth quarter? - The tax items were driven by a regulation change and strategic tax planning, while variable compensation adjustments are tied to these tax changes [53][55] Question: What is the sentiment regarding buybacks in the current environment? - The company targeted buybacks to offset dilution and plans to continue this strategy in fiscal '26 [61] Question: How is the West Coast recovery impacting demand? - Management observed improvement in the West Coast, particularly in the tech sector, contributing positively to Q4 orders [68] Question: How much of the order strength was driven by new projects versus continuing activity? - Growth was noted across all categories, with the strongest growth in projects, followed by continuing business [74] Question: What is the outlook for the industry given the current macroeconomic uncertainty? - Management remains cautiously optimistic, noting that while uncertainty exists, the fundamentals for demand are still strong [82][84]

Investor Presentation FY2025 Fourth Quarter FY2023 Third Quarter Investment Thesis: After several years of significant disruption, we believe modernizing the workplace will become even more important as organizations seek greater productivity, collaboration and innovation. An industry leader in a changing workplace Efforts to expand revenue base Experienced management team and conservative capital policy Our Balance Sheet Provides Stability Through Business Cycles FY2025 Fourth Quarter $0 $500 $1,000 $1,500 ...

Steelcase (SCS) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.23 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 30%. A quarter ago, it was expected that this office furniture maker would post earnings of $0.23 per share when it actually produced earnings of $0.30, delivering a surprise of 30.43%.Over the last four quarters, the com ...

EXHIBIT 99.1 Steelcase Reports Fourth Quarter and Fiscal 2025 Results Revenue grew 2 percent in the fourth quarter compared to the prior year, with 5 percent growth in the Americas and a 7 percent decline in International. On an organic basis (including adjusting for the impact of an additional week in the current quarter), revenue declined 5 percent, with a 3 percent decline in the Americas and a 10 percent decline in International. The Americas decline was driven by a lower beginning backlog compared to t ...