The earnings call presented a mixed outlook, with strong performance and growth in the Americas, order growth in China, and successful healthcare diversification efforts. However, these positive trends were offset by challenges in the International segment, supply chain disruptions, and competitive pressures, leading to a balanced sentiment.

Company Guidance

During the Steelcase Third Quarter Fiscal 2025 Conference Call, guidance was provided for both the remainder of fiscal 2025 and initial thoughts for fiscal 2026. For the fourth quarter, the company expects revenue between $770 million and $795 million, indicating an organic decline of 4% to 7%, partly due to a backlog decrease and supply chain disruptions. Adjusted earnings are projected to range from $0.20 to $0.24 per share, with a gross margin of approximately 33.5% and operating expenses between $230 million and $235 million. Looking ahead to fiscal 2026, Steelcase anticipates low- to mid-single-digit organic revenue growth driven by potential demand from large corporate customers and improvements in international markets. However, the company also expects an increase of over $20 million in operating costs related to the ERP system implementation. Despite these challenges, Steelcase remains optimistic about capturing additional market share and leveraging gross margin improvement initiatives.

Americas Segment Success

The Americas segment delivered 7% organic revenue growth and an adjusted operating margin of 8.1%, contributing to the company's stronger-than-expected adjusted earnings of $0.30 per share.

Gross Margin Expansion

For the tenth consecutive quarter, Steelcase achieved year-over-year gross margin expansion driven by cost improvements and higher revenue.

Healthcare Business Growth

The Healthcare business delivered strong revenue growth, aligning with the company's diversification strategy and the aging U.S. demographic driving more healthcare service needs.

Positive Order Trends

Improved order trends from large corporate customers, with continued strong trends into early December, and increased activity from large technology customers expecting higher in-office presence.

Order Growth in China

Year-over-year and sequential order growth in China, with total Asia Pacific orders growing nearly 20% on a sequential basis.

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Steelcase (SCS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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SCS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 20, 2018	2019 (Q2)	- / 0.41	0.31	32.26% (+0.10)	―	―
Dec 18, 2018	2019 (Q3)	- / 0.36	0.22	63.64% (+0.14)	―	―
Mar 19, 2019	2019 (Q4)	- / 0.29	0.19	52.63% (+0.10)	―	―
Jun 19, 2019	2020 (Q1)	- / 0.15	0.14	7.14% (<+0.01)	―	―
Sep 19, 2019	2020 (Q2)	- / 0.50	0.41	21.95% (+0.09)	―	―
Dec 17, 2019	2020 (Q3)	- / 0.46	0.36	27.78% (+0.10)	―	―
Mar 24, 2020	2020 (Q4)	- / 0.39	0.29	34.48% (+0.10)	―	―
Jun 30, 2020	2021 (Q1)	- / -0.18	0.15	-220.00% (-0.33)	―	―
Sep 22, 2020	2021 (Q2)	- / 0.55	0.5	10.00% (+0.05)	―	―
Dec 17, 2020	2021 (Q3)	- / 0.08	0.46	-82.61% (-0.38)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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SCS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Dec 18, 2024	$12.36	$12.22	-1.13%
Sep 18, 2024	$13.89	$13.10	-5.69%
Jun 20, 2024	$12.30	$11.90	-3.25%
Mar 20, 2024	$12.65	$11.92	-5.77%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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