Steelcase (SCS) Tops Q4 EPS by 43c, Offers Q1 Guidance

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Go back to Steelcase (SCS) Tops Q4 EPS by 43c, Offers Q1 Guidance

Steelcase Reports Fourth Quarter and Fiscal 2016 Results

March 22, 2016 4:01 PM EDT

News Highlights:

Americas posts 11.7% adjusted operating margin and 3% organic revenue growth for fiscal 2016EMEA's industrial modernization nears completion, laying the foundation for improved profitability in fiscal 2017Results include significant favorable impact from reversal of tax valuation allowance and gain on partial sale of unconsolidated affiliate

GRAND RAPIDS, Mich., March 22, 2016 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) today reported fourth quarter revenue of $747.9 million and net income of $77.5 million, or diluted earnings per share of $0.62. Excluding... More