Steelcase Reports Second Quarter Fiscal 2021 Results

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Go back to Steelcase Reports Second Quarter Fiscal 2021 Results

Steelcase (SCS) Tops Q2 EPS by 18c, Offers Q3 Guidance

September 22, 2020 4:07 PM EDT

Steelcase (NYSE: SCS) reported Q2 EPS of $0.55, $0.18 better than the analyst estimate of $0.37. Revenue for the quarter came in at $818.8 million versus the consensus estimate of $782.6 million.

GUIDANCE:

Steelcase sees Q3 2021 EPS of $0.12-$0.18, versus the consensus of $0.18. Steelcase sees Q3 2021 revenue of $690-725 million, versus the consensus of $703.9 million.

At the end of the second quarter, the companys backlog of customer orders was $577 million, or 8 percent lower than the prior year. Going into the third quarter, orders declined an average of 38 percent during the first three... More