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

Form 8-K STEELCASE INC For: Dec 16

December 16, 2021 4:06 PM EST

EXHIBIT 99.1

Steelcase Reports Third Quarter Fiscal 2022 Results

Orders grew 40% compared to prior year and included exceptional strength in Asia Pacific
Third 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.... More