Steelcase (SCS) Falls 5% Following Q2 Miss Amid Supply Chain Issues

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Go back to Steelcase (SCS) Falls 5% Following Q2 Miss Amid Supply Chain Issues

Form 8-K STEELCASE INC For: Sep 22

September 22, 2021 4:06 PM EDT

EXHIBIT 99.1

Steelcase Reports Second Quarter Fiscal 2022 Results

Orders grew 24% compared to prior year and 12% compared to first quarter
Second quarter revenue impacted by supply chain disruptions, which are expected to persist into third quarterThird price increase of fiscal 2022 announced in response to continued significant inflationary pressuresOutlook for third quarter reflects revenue growth of 22% to 27% over prior... More