Steelcase Reports Fourth Quarter and Fiscal 2021 Results

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Go back to Steelcase Reports Fourth Quarter and Fiscal 2021 Results

Steelcase (SCS) Tops Q4 EPS by 7c, Revenues Beat; Offers 1Q EPS Guidance

March 23, 2021 4:09 PM EDT

Steelcase (NYSE: SCS) reported Q4 EPS of $0.06, $0.07 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $677.1 million versus the consensus estimate of $650.4 million.

Fourth quarter revenue of $677 million and EPS of $0.06 significantly impacted by COVID-19 pandemicActions to reduce fixed costs and discretionary spending supported profitability for fiscal 2021 while protecting investments to drive future growthIncreasing customer engagement driven by publication of company research, positive vaccination trends and improved sentiment about returning to officesCompany provides select financial targets for fiscal 2022

"We delivered better than... More