Steelcase Inc. (SCS)
| Market Cap | 1.28B |
| Revenue (ttm) | 3.15B |
| Net Income (ttm) | 110.50M |
| Shares Out | 113.72M |
| EPS (ttm) | 0.96 |
| PE Ratio | 11.71 |
| Forward PE | 10.73 |
| Dividend | $0.40 (3.56%) |
| Ex-Dividend Date | Dec 30, 2024 |
| Volume | 452,309 |
| Open | 11.18 |
| Previous Close | 11.13 |
| Day's Range | 11.14 - 11.33 |
| 52-Week Range | 10.90 - 14.74 |
| Beta | 1.35 |
| Analysts | Strong Buy |
| Price Target | 17.00 (+51.25%) |
| Earnings Date | Dec 18, 2024 |
About SCS
Steelcase Inc. provides a portfolio of furniture and architectural products and services in the United States and internationally. It operates through Americas and International segments. The company’s furniture portfolio includes furniture systems, seating, storage, fixed and height-adjustable desks, benches, and tables, as well as complementary products, such as work accessories, lighting, mobile power, and screens. Its seating products comprise task chairs; seating for collaborative environments and casual settings; and specialty seating for... [Read more]
Financial Performance
In 2023, Steelcase's revenue was $3.16 billion, a decrease of -2.26% compared to the previous year's $3.23 billion. Earnings were $78.00 million, an increase of 129.41%.
Financial StatementsAnalyst Forecast
According to 2 analysts, the average rating for SCS stock is "Strong Buy." The 12-month stock price forecast is $17.0, which is an increase of 51.25% from the latest price.
News
Steelcase: Trying To Position Away From Corporate Offices
Steelcase reported stronger growth in Q3 due to stronger shipment timings, but expects to return back to weak organic growth in Q4. The company is trying to diversify its customer base away from corpo...
Steelcase Inc. (SCS) Q3 2025 Earnings Call Transcript
Steelcase Inc. (NYSE:SCS) Q3 2025 Earnings Conference Call December 19, 2024 8:30 AM ET Company Participants Mike O'Meara - IR Sara Armbruster - President & CEO David Sylvester - SVP & CFO Conference...
Steelcase Reports Third Quarter Fiscal 2025 Results
GRAND RAPIDS, Mich., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) today reported third quarter revenue of $794.9 million, net income of $19.1 million, or $0.16 per share, and adjusted ...
Steelcase to Webcast Third Quarter Fiscal 2025 Conference Call
GRAND RAPIDS, Mich., Nov. 27, 2024 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) will webcast a discussion of its third quarter fiscal year 2025 financial results on Thursday, December 19, 2024 at 8:...
Steelcase 2024 Impact Report Spotlights New Net-Zero Commitment, Building Community and Belonging
"Our Work Toward Better Futures" Impact Report outlines goals and progress that demonstrate the organization's commitment to improving the wellbeing of people and the planet. GRAND RAPIDS, Mich.
Steelcase: A Value Play, Especially After Its Recent Dip
Steelcase Inc.'s stock dropped 5.7% despite higher-than-expected earnings, due to revenue falling short and weak third-quarter guidance. Despite mixed financial results, Steelcase shares remain cheap ...
Remote and Hybrid Work Are Still Popular. Just Ask This Furniture Maker
Sure, Amazon.com (AMZN) wants its workers back in the office all week—but based on the latest forecast from Steelcase (SCS), the outlook for offices still is't great.
Steelcase Inc. (SCS) Q2 2025 Earnings Call Transcript
Steelcase Inc. (NYSE:SCS) Q2 2025 Results Conference Call September 19, 2024 8:30 AM ET Company Participants Mike O'Meara - Investor Relations Sara Armbruster - President & Chief Executive Officer Da...
Steelcase Reports Weak Sales, Joins American Healthcare REIT And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
U.S. stock futures were higher this morning, with the Dow futures gaining over 1% on Thursday.
Steelcase says big corporate customers are ordering less office furniture
Shares of Steelcase Inc. fell after hours on Wednesday after the office-furniture maker's third-quarter sales outlook came up short of Wall Street's estimates, amid weaker demand from big corporate cu...
Steelcase Reports Second Quarter Fiscal 2025 Results
GRAND RAPIDS, Mich., Sept. 18, 2024 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) today reported second quarter revenue of $855.8 million, net income of $63.1 million, or $0.53 per share, and adjuste...
Steelcase to Webcast Second Quarter Fiscal 2025 Conference Call
GRAND RAPIDS, Mich., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) will webcast a discussion of its second quarter fiscal year 2025 financial results on Thursday, September 19, 2024 at ...
Steelcase and the Frank Lloyd Wright Foundation Launch Rockford and Galesburg Collections
The collections reintroduce and reinterpret the architect's mid-century Usonian designs with fine modern furniture for home and the workplace. GRAND RAPIDS, Mich.
Steelcase to Webcast Presentation at Noble Investor Conference
GRAND RAPIDS, Mich., June 25, 2024 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) announces that Dave Sylvester, Senior Vice President, Chief Financial Officer and Michael O'Meara, Director, Investor ...
Steelcase Inc. (SCS) Q1 2025 Earnings Call Transcript
Steelcase Inc. (NYSE:SCS) Q1 2025 Earnings Conference Call June 20, 2024 8:30 AM ET Company Participants Mike O'Meara - Investor Relations Sara Armbruster - President & Chief Executive Officer Dave S...
Steelcase Reports First Quarter Fiscal 2025 Results
GRAND RAPIDS, Mich., June 20, 2024 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) today reported first quarter revenue of $727.3 million, net income of $10.9 million, or $0.09 per share, and adjusted ...
Steelcase to Webcast First Quarter Fiscal 2025 Conference Call - Update
GRAND RAPIDS, Mich., June 17, 2024 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) will webcast a discussion of its first quarter fiscal year 2025 financial results on Thursday, June 20, 2024 at 8:30 a...
How To Earn $500 A Month From Steelcase Stock Ahead Of Q1 Earnings Report
Steelcase Inc. SCS is set to release earnings results for its first quarter, after the closing bell on Wednesday.
Steelcase and Logitech Introduce Extended Reality Experience Ocular™ View
Leaders in hybrid collaboration and technology create more realistic virtual connections for better meetings in the office. GRAND RAPIDS, MIich.
Steelcase Commits to a Net-Zero Future by 2050
Company unveils its industry-first transition plan to cut carbon emissions over 90% throughout its value chain. GRAND RAPIDS, Mich.
Steelcase to Webcast First Quarter Fiscal 2025 Conference Call
GRAND RAPIDS, Mich., May 30, 2024 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) will webcast a discussion of its first quarter fiscal year 2025 financial results on Thursday, June 20, 2024 at 8:30 a....
Steelcase Inc. (SCS) Q4 2024 Earnings Call Transcript
Steelcase Inc. (SCS) Q4 2024 Earnings Call Transcript
Steelcase Reports Fourth Quarter and Fiscal 2024 Results
GRAND RAPIDS, Mich., March 20, 2024 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) today reported fourth quarter revenue of $775.2 million, net income of $21.3 million, or $0.18 per share, and adjuste...
Steelcase: A Challenging Turnaround Case
Steelcase is undergoing a turnaround, with minimal revenue growth and declining returns over the past 11 years. The office furniture sector is not a high-growth industry, but Steelcase has managed to ...
Steelcase to Webcast Fourth Quarter and Fiscal 2024 Conference Call
GRAND RAPIDS, Mich., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) will webcast a discussion of its fourth quarter and fiscal year 2024 financial results on Thursday, March 21, 2024 at ...