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]

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, benefiting from stronger-than-expected order growth in the Americas [22] - Organic revenue declined by 5% compared to the prior 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% growth in orders during 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] - The healthcare industry is poised for continued growth, driven by an aging US demographic requiring more healthcare services [15] 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 all customer segments in the Americas posting year-over-year order growth, 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 progress made against the strategy despite a dynamic environment of evolving tariff and trade policies [20] - The company anticipates organic revenue growth of 4% to 6% for fiscal 2026, assuming a stable macro environment and continued positive sentiment from large corporate customers [32][36] - Management acknowledged the uncertainty in the macro environment but remains hopeful about demand due to the ongoing return to office trends [80][84] Other Important Information - The company generated $100 million of free cash flow and returned $84 million to shareholders [18] - A tariff recovery charge was announced, which is tied to tariffs and 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 strong order levels due to the tariff recovery charge [41][42] Question: What actions are being taken to improve profitability in the International segment? - Management expects growth in the International business and is reviewing the cost structure to enhance profitability [44][45] Question: Can you clarify the variable compensation and tax items recorded in Q4? - 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 2026 [61] Question: How flexible is the tariff recovery charge? - The charge is a stated percentage of list price and may be adjusted based on the evolving tariff landscape [89][90] Question: What is the outlook for small and medium business growth? - While there was softness in Europe, the Americas segment showed order growth, and the company plans to continue investing in this area [94][96]

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 ...

Core Viewpoint - Steelcase Inc. reported a fourth quarter revenue increase of 2% year-over-year, driven by a 5% growth in the Americas, while facing a 7% decline in international revenue. The company also highlighted strong order growth in the Americas, indicating a positive outlook for future performance [1][2][5]. Financial Performance - Fourth quarter revenue was $788.0 million, net income was $27.6 million, or $0.23 per share, and adjusted earnings per share were $0.26. The results included $21.8 million of favorable tax items, which increased net income by $13.4 million [1][10]. - For fiscal 2025, the company recorded $3.2 billion in revenue, net income of $120.7 million, and adjusted earnings per share of $1.12, reflecting stable performance compared to the previous year [10][11]. Revenue and Orders - Revenue growth in Q4 2025 was 2% compared to Q4 2024, with a 5% increase in the Americas and a 7% decline in international markets. Organic revenue declined by 5% [2][11]. - Orders grew by 9% in Q4, with a 12% increase in the Americas, driven by large corporate and government customers [3][5]. Gross Margin and Operating Income - Gross margin improved by 70 basis points to 31.9% in Q4, attributed to cost reduction initiatives [7][8]. - Operating income for Q4 was $9.5 million, a decrease of $16.2 million compared to the prior year, primarily due to lower international revenue and higher operating expenses [6][8]. Shareholder Returns and Liquidity - The company returned $84 million to shareholders and strengthened total liquidity by $73 million, ending the quarter with $558.3 million in total liquidity [5][13]. - Steelcase repurchased 2.1 million shares for a total cost of $26.5 million, with $79.9 million remaining under its share repurchase authorization [14]. Outlook - The company expects first quarter fiscal 2026 revenue to be between $760 million and $785 million, translating to a growth of 4% to 8% compared to the prior year [15][16]. - Fiscal 2026 targets include mid-single digit organic revenue growth and modest improvement in adjusted operating income margin [17][19].

Company Overview - Steelcase Inc. is a global leader in design and research focused on enhancing work environments, established in 1912 [2] - The company reported a fiscal year 2024 revenue of $3.2 billion, employing approximately 11,300 individuals globally [2] - Steelcase collaborates with over 30 creative and technology partner brands to provide innovative furnishings and solutions for various work settings, including learning and health [2] Upcoming Financial Results - Steelcase will host a webcast to discuss its fourth quarter and fiscal year 2025 financial results on March 27, 2025, at 8:30 a.m. ET [1] - A news release detailing the financial results will be issued on March 26, 2025, after market close [1] - The webcast will be accessible via the company's investor relations website, with a replay available shortly after the call [1]

Company Overview - Steelcase is a global design, research, and thought leader in the world of work, established in 1912, with fiscal year 2024 revenue of $3.2 billion [5]. - The company employs approximately 11,300 people globally and collaborates with a community of expert dealers in about 770 locations [5]. Leadership Appointment - Megan Blazina has been appointed as vice president, chief legal officer, and secretary, effective March 17, 2025, reporting to Sara Armbruster, Steelcase president and CEO [1][4]. - Blazina brings over 24 years of experience and will oversee all legal services, compliance, corporate strategy, global trade, government affairs, and sustainability [2]. Professional Background - Prior to joining Steelcase, Blazina served as North American vice president & general counsel at Whirlpool Corporation, with extensive experience in litigation, compliance, mergers and acquisitions, and government relations [3][4]. - Blazina has held leadership roles across Europe and Asia, leading global initiatives in e-commerce expansion and crisis management [3]. Strategic Vision - Sara Armbruster expressed confidence in Blazina's ability to shape Steelcase's strategic vision and advance critical initiatives [4]. - Blazina expressed enthusiasm about joining Steelcase during a pivotal moment of transformation and growth, aiming to drive impactful change [5].

Career and Professional Background - The individual has over a decade of experience in investing and managing accounts, including family and friends' portfolios, with a focus on U.S.-based investments and one Europe-focused account [1] - Founded Middle Coast Investing, an investment advisory firm, in 2023, and is developing a Short Investing Guide [1] - Previously worked at Seeking Alpha from 2012-2020, holding roles such as Director of the Seeking Alpha Marketplace, Podcast coordinator, and co-host of The Razor's Edge [1] - Served as VP of Content at Investing.com from 2021-2023, significantly increasing page views and search reach for unique content, and overseeing an acquisition [1] Media and Content Creation - Founded Shortman Studios in 2020, co-hosting The Razor's Edge, an investing podcast that combines prop trading insights with fundamental research, and A Positive Jam, a music podcast [1] - The Razor's Edge podcast has thousands of global listeners and features interviews with industry leaders, executives, and investors [1] Personal Background - Currently resides in Valencia, Spain, with plans to return to the Lake Michigan coast in Michigan periodically [1] - Has a multicultural background, being the son of Russian Jewish immigrants, and has lived abroad since 2008 [1]

Company Overview - Steelcase Inc. (NYSE: SCS) is an office furniture company primarily serving corporate customers [2] - The company is currently facing an uncertain growth outlook despite stronger Q3 shipments [2] Growth Strategy - Steelcase is attempting to position itself in better growth segments to enhance its market performance [2]