UPDATE: Steelcase (SCS) Tops Q3 EPS by 11c, Revenues Beat; Offers FY20 EPS Guidance Above Consensus, Q4 Revenue Views Below Consensus

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Go back to UPDATE: Steelcase (SCS) Tops Q3 EPS by 11c, Revenues Beat; Offers FY20 EPS Guidance Above Consensus, Q4 Revenue Views Below Consensus

Steelcase Reports Third Quarter Fiscal 2020 Results

December 17, 2019 4:05 PM EST

Operating margin increased 290 basis points to 7.9%; EPS improved 48% to $0.46Revenue grew 6% to $955 million, driven by strong organic growth in the AmericasEMEA delivers $7 million improvement in operating income and is profitable for the fiscal year to dateCompany projects fiscal year 2020 revenue of $3.7 billion and EPS of $1.41 to $1.45

GRAND RAPIDS, Mich., Dec. 17, 2019 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) today reported third quarter revenue of $955.2 million and net income of $54.9 million, or diluted earnings of $0.46 per... More