Steelcase (SCS) Reports In-Line Q2 EPS, Offers Q3 Guidance

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Go back to Steelcase (SCS) Reports In-Line Q2 EPS, Offers Q3 Guidance

Steelcase Reports Second Quarter Results

September 21, 2016 4:01 PM EDT

EMEA Gross Margin Improves Significantly Over Prior Year Americas Projecting Third Quarter Revenue Growth

GRAND RAPIDS, Mich., Sept. 21, 2016 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) today reported second quarter revenue of $758.0 million and net income of $38.2 million, or diluted earnings per share of $0.31.  Excluding restructuring costs, adjusted earnings were $0.32 per share.  In the prior year, Steelcase reported $819.0 million of revenue, diluted earnings of $0.30 per share and adjusted earnings of $0.35 per share. 

Revenue declined 7 percent in the second quarter compared to the prior year, while orders declined 2... More