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The latest announcement is out from Steelcase ( (SCS) ).
Steelcase Inc. reported a 2% increase in revenue for the third quarter of fiscal 2025, driven by a 5% growth in the Americas. The company saw an improvement in gross margin alongside a strengthened liquidity position by $152 million. Despite challenges in international markets, Steelcase’s adjusted earnings per share surpassed company targets, reflecting robust performance in the Americas, notably from government customers. Looking ahead, the company anticipates a slight decline to modest growth in fourth quarter revenue, projecting earnings per share between $0.17 to $0.21. Cost reduction measures are expected to yield $5 million in annualized savings by fiscal 2026, as Steelcase continues to adapt to evolving workplace trends and customer needs.
More about Steelcase
Steelcase Inc. operates in the office furniture industry, providing products and services aimed at enhancing workplace environments. The company focuses on manufacturing and selling furniture solutions tailored to corporate, government, healthcare, and educational institutions.
YTD Price Performance: -0.46%
Average Trading Volume: 551,019
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $1.49B
For detailed information about SCS stock, go to TipRanks’ Stock Analysis page.
