Steelcase (SCS) Reports Q3 EPS of 34c; Offers Q4

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Go back to Steelcase (SCS) Reports Q3 EPS of 34c; Offers Q4

Steelcase Reports Third Quarter Results

December 20, 2016 4:01 PM EST

EMEA Gross Margin Improvement Drives Segment ProfitabilityAmericas Order Growth of 3.5% Driven by Project Business

GRAND RAPIDS, Mich., Dec. 20, 2016 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) today reported third quarter revenue of $786.5 million and net income of $41.2 million, or diluted earnings per share of $0.34.  During the quarter, the company recognized a benefit related to the outcome of a tax audit in EMEA, which had a favorable impact on diluted earnings per share of $0.03. In the prior year, Steelcase reported $787.6 million of revenue, diluted earnings of $0.28 per... More