Steelcase Reports Fourth Quarter and Fiscal 2025 Results

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$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].