Steelcase (SCS) Reports Q3 EPS of $0.36, Revenues Beat; Offers Q4 Revenue Mid-Point Guidance Above Consensus

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Go back to Steelcase (SCS) Reports Q3 EPS of $0.36, Revenues Beat; Offers Q4 Revenue Mid-Point Guidance Above Consensus

Steelcase Reports Third Quarter Fiscal 2019 Results

December 18, 2018 4:05 PM EST

Earnings per share improved 41 percent compared to prior yearRevenue and orders grew by double-digit percentagesFourth quarter outlook projects strong organic revenue growth

GRAND RAPIDS, Mich, Dec. 18, 2018 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) today reported third quarter revenue of $901.0 million and net income of $37.3 million, or diluted earnings of $0.31 per share which represented a 41 percent improvement compared to the prior year.

The results included an $11.2 million charge related to participation in a multi-employer pension plan, and excluding this charge, net of... More