Steelcase(US:SCS)2025-06-25 22:24Financial 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]