Steelcase (SCS) Tops Q2 EPS by 8c, Offers Q3 Guidance

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Go back to Steelcase (SCS) Tops Q2 EPS by 8c, Offers Q3 Guidance

Steelcase Reports Second Quarter Results

September 18, 2017 4:06 PM EDT

GRAND RAPIDS, Mich., Sept. 18, 2017 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) today reported second quarter revenue of $775.6 million and net income of $36.9 million, or diluted earnings of $0.31 per share.  In the prior year, Steelcase reported $758.0 million of revenue, diluted earnings of $0.31 per share and adjusted earnings of $0.32 per share.

Revenue increased 2 percent in the second quarter compared to the prior year, while order growth was flat.  The Americas revenue and orders declined less than 1 percent compared to the prior year, as continued growth in the company's new products and solutions was offset by... More