Steelcase Reports First Quarter Fiscal 2022 Results
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Steelcase (SCS) Tops Q1 EPS by 7c, Offers Q2 Guidance
June 23, 2021 4:09 PM EDTSteelcase (NYSE: SCS) reported Q1 EPS of ($0.24), $0.07 better than the analyst estimate of ($0.31). Revenue for the quarter came in at $566.6 million versus the consensus estimate of $554.8 million.
GUIDANCE:
Steelcase sees Q2 2021 EPS of $0.25-$0.30, versus the consensus of $0.22. Steelcase sees Q2 2021 revenue of $750-780 million, versus the consensus of $704 million.
At the end of the first quarter, the companys backlog of customer orders was approximately $624 million, which was 20 percent lower than the prior year, but approximately $175 million, or 39 percent higher than at the end of the fourth... More