Steelcase Inc. (SCS) Tops Q2 EPS by 4c; Guides Q3 In-Line

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Go back to Steelcase Inc. (SCS) Tops Q2 EPS by 4c; Guides Q3 In-Line

Steelcase Reports Second Quarter Results

September 23, 2014 4:01 PM EDT

GRAND RAPIDS, Mich., Sept. 23, 2014 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) today reported second quarter revenue of $786.7 million and net income of $30.5 million, or diluted earnings per share of $0.24. Excluding restructuring costs, adjusted earnings were $0.27 per share. In the prior year, Steelcase reported $757.6 million of revenue, diluted earnings per share of $0.22 and adjusted earnings of $0.24 per share.

Organic revenue growth over the prior year was 3 percent after adjusting for favorable currency translation effects. In the Americas, organic revenue growth was 4 percent. The EMEA segment posted an organic revenue decline of 4 percent. The Other... More