Steelcase (SCS) Tops Q2 EPS by 8c, Q3 Guidance Misses Consensus
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Steelcase Reports Second Quarter Fiscal 2023 Results
September 21, 2022 4:05 PM EDTRevenue growth of 19% driven by strong backlog, including significant pricing benefitsGross margin improved 60 basis points compared to prior year despite continued significant inflationary pressureThird quarter outlook reflects continued revenue and earnings growth expectations driven by backlog and gross margin improvementCompany announces additional reductions in planned spending and lower quarterly dividend due to uncertain demand environment
GRAND RAPIDS, Mich., Sept. 21, 2022 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE:... More
