Steelcase Inc. (SCS) Declares $0.105 Quarterly Dividend; 2.3% Yield

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Go back to Steelcase Inc. (SCS) Declares $0.105 Quarterly Dividend; 2.3% Yield

Steelcase Reports Third Quarter Results

December 22, 2014 4:01 PM EST

GRAND RAPIDS, Mich., Dec. 22, 2014 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) today reported third quarter revenue of $800.0 million and net income of $11.8 million, or diluted earnings per share of $0.09. Excluding restructuring costs, adjusted earnings were $0.29 per share. In the prior year, Steelcase reported $784.8 million of revenue, diluted earnings per share of $0.18 and adjusted earnings of $0.29 per share.

Organic revenue growth over the prior year was 3 percent after adjusting for unfavorable currency translation effects. Revenue in the Americas reflected an organic decline of less than 1 percent. The EMEA segment posted organic revenue growth of 14... More