Earnings Report - Steelcase Inc. is set to release its second-quarter earnings results on September 24, with analysts expecting earnings of 37 cents per share, a decrease from 39 cents per share in the same period last year [1] - The company projects quarterly revenue of $873.6 million, up from $855.8 million a year earlier [1] Acquisition News - HNI announced plans to acquire Steelcase for approximately $2.2 billion on August 4 [1] Dividend Information - Steelcase currently offers an annual dividend yield of 2.37%, translating to a semi-annual dividend of 10 cents per share, or 40 cents annually [2] - To earn $500 monthly from dividends, an investment of approximately $253,500 or around 15,000 shares is required, while a more modest $100 monthly would need about $50,700 or 3,000 shares [2] Dividend Yield Calculation - The dividend yield is calculated by dividing the annual dividend payment by the stock's current price, with examples illustrating how changes in stock price affect yield [3] - Changes in dividend payments also impact yield; an increase in dividends raises yield if the stock price remains constant, while a decrease lowers it [4] Stock Performance - Steelcase shares gained 0.1% to close at $16.90 on Monday [4]

Core Insights - The article highlights a significant shift in kitchen design trends, moving away from the all-white kitchen to more personalized and layered aesthetics, with a focus on individuality and rich color stories [1][2][3] Design Trends - The report indicates that soft modern, transitional, and modern traditional styles are the top three kitchen styles, with transitional design declining in popularity as homeowners prefer more distinct styles [2][3] - Coastal design has surged into the top five styles, while farmhouse design has decreased by 14% this year, often blended with other aesthetics [3] - Homeowners are increasingly favoring light-toned stains, off-whites, and beiges over white finishes, which have dropped to third place in preferences for the first time in nearly a decade [4] Color Preferences - Greens, particularly muted and sage tones, have overtaken gray in popularity, with the 2026 Impactful Finish of the Year, Lush Forest, being a deep green that offers versatility and richness [5] - Earthy tones like terracotta are emerging, indicating a broader trend towards nature-inspired palettes [6] Kitchen Layouts - There is a growing interest in creative kitchen storage solutions, such as freestanding pantry furniture and multifunctional butler's pantries, reflecting a desire for efficiency and uncluttered spaces [7][8] - Homeowners are sacrificing traditional storage areas to create dedicated pantry spaces, showcasing a shift towards thoughtful use of square footage [8] Evolving Definitions - The term "modern" has evolved to include clean, minimal aesthetics that are layered with character and warmth, making modern styles more accessible to a wider range of homeowners [9] - Cabinet door preferences are shifting, with Shaker doors remaining popular while flat panels and subtle raised details are on the rise, allowing for personal expression [9]

Financial Performance & Targets - Steelcase's mid-term financial targets include average annual organic revenue growth of 4-6%[6] - The company targets an adjusted operating income margin of 6-7% in the mid-term[6] - Steelcase aims for a free cash flow of approximately 5% of revenue in the mid-term[6] - In FY25, Steelcase's revenue reached $32 billion[17] with an adjusted EBITDA of $262 million[17] - Steelcase's net debt to adjusted EBITDA ratio was -04x at the end of FY25[17] Market Position & Strategy - Steelcase is a leading global office furniture market manufacturer with a research-based approach to innovation[14, 15] - The company's strategy focuses on leading the transformation of the workplace, expanding reach within markets, and strengthening profitability[38] - Steelcase is targeting $50 million+ in operational cost reductions from FY23[4, 49] Regional Performance - In FY25, the Americas segment accounted for 78% of Steelcase's revenue[19] - The international segment accounted for 22% of Steelcase's FY25 revenue[19]