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Steelcase sees Q4 EPS 20c-24c, consensus 22c
The Fly

Steelcase sees Q4 EPS 20c-24c, consensus 22c

At the end of the third quarter, the company’s backlog was approximately $664M, which was 5% lower than the prior year. Orders in the first three weeks of the fourth quarter grew 15% compared to the prior year and included a number of large projects scheduled to ship beyond the end of the quarter. The company expects fourth quarter fiscal 2025 revenue, which contains an additional week compared to the prior year, to be in the range of $770 to $795M, consensus $833.4M The company reported revenue of $775.2 million in the fourth quarter of fiscal 2024. The projected revenue range translates to a decline of 1 percent to growth of 3 percent compared to the prior year, or a decline of 4 to 7 percent on an organic basis. The company expects to report earnings per share of between $0.17 to $0.21 for the fourth quarter of fiscal 2025 and adjusted earnings per share of between $0.20 to $0.24. The company reported earnings per share of $0.18 and adjusted earnings per share of $0.23 in the fourth quarter of fiscal 2024.

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