Steelcase (SCS) Tops Q2 EPS by 12c, Revenues Beat; Offers 3Q & FY19 EPS Outlooks Above Consensus
Steelcase (NYSE: SCS) reported Q2 EPS of $0.41, $0.12 better than the analyst estimate of $0.29. Revenue for the quarter came in at $875.8 million versus the consensus estimate of $873.7 million.
"We are proud of delivering very strong revenue and earnings growth this quarter, and we're optimistic about the opportunities we see to drive additional growth," said Jim Keane, president and CEO. "The acquisitions of Smith System and Orangebox, as well as our new partnership with West Elm and broadened partnership with Bolia, are part of the exciting expansions of our offerings that help support our customers' needs in a changing workplace."
GUIDANCE:
Steelcase sees Q3 2019 EPS of $0.28-$0.33, versus the consensus of $0.25. Steelcase sees Q3 2019 revenue of $885-915 million, versus the consensus of $843 million.
Steelcase sees FY2019 EPS of $1.10-$1.15, versus the consensus of $0.92.
For earnings history and earnings-related data on Steelcase (SCS) click here.
