Steelcase (SCS) Tops Q4 EPS by 7c, taking steps to maximize liquidity
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Steelcase Reports on Fourth Quarter and Fiscal 2020 Results and Actions to Maximize Liquidity and Conserve Capital
March 24, 2020 4:29 PM EDTFourth quarter results reflect strong performance Revenue grew 4% to $946.2 millionEPS improved 189% to $0.55; adjusted EPS improved 34% to $0.39EMEA posts $8.3 million of operating income and 4.5% operating margin Year-end liquidity topped $700 million; additional $250 million borrowed under new credit facility in MarchActions being taken to significantly reduce cash outflows
GRAND RAPIDS, Mich., March 24, 2020 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) today reported fourth quarter revenue of $946.2 million and net income of $66.5 million, or diluted earnings... More
