Steelcase (SCS) Shares Fall 6% Following Q3 Miss and Lower Q4 Guidance

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Go back to Steelcase (SCS) Shares Fall 6% Following Q3 Miss and Lower Q4 Guidance

Steelcase Reports Third Quarter Fiscal 2022 Results

December 16, 2021 4:05 PM EST

Orders grew 40% compared to prior year and included exceptional strength in Asia PacificThird quarter results impacted by extraordinary inflation and supply chain disruptions, which are expected to persist in fourth quarterEMEA reported $8.3 million of operating income and 4.9% operating margin

GRAND RAPIDS, Mich., Dec. 16, 2021 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) today reported third quarter revenue of $738.2 million and net income of $9.6 million, or $0.08 per share. In the prior year, Steelcase reported revenue of $617.5 million and net income of $2.1... More