Last $16.31 USD
Change Today +0.31 / 1.94%
Volume 90.0K
SCS On Other Exchanges
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As of 11:53 AM 10/21/14 All times are local (Market data is delayed by at least 15 minutes).

steelcase inc-cl a (SCS) Snapshot

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06/24/14 - $17.94
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Current Stock Chart for STEELCASE INC-CL A (SCS)

steelcase inc-cl a (SCS) Details

Steelcase Inc. designs, manufactures, and distributes an integrated portfolio of furniture settings, user-centered technologies, and interior architectural products. The company operates through Americas, EMEA, and Other Category segments. Its furniture systems portfolio comprises panel-based and freestanding furniture systems; and complementary products, such as storage, tables, and ergonomic worktools. The company’s seating products include ergonomic chairs; seating for collaborative or casual settings; and specialty seating for specific vertical markets, such as healthcare and education. Its interior architectural products consist of full and partial height walls and doors. The company also manufactures and sells surface materials consisting of textiles and wall coverings to architects and designers; and ceramic steel surfaces primarily for third-party fabricators to create static whiteboards and chalkboards. In addition, it provides workplace strategy consulting, lease origination, furniture and asset management, and hosted space services. Steelcase Inc. markets its products to corporate, government, healthcare, education, and retail customers under the Steelcase, Nurture, Coalesse, Details, Turnstone, Designtex, and PolyVision brands in the United States and internationally. The company distributes its products and services through a network of independent and company-owned dealers, as well as directly to end-use customers. Steelcase Inc. was founded in 1912 and is headquartered in Grand Rapids, Michigan.

10,700 Employees
Last Reported Date: 04/17/14
Founded in 1912

steelcase inc-cl a (SCS) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $609.8K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $479.1K
Vice President of Strategy, Research & New Bu...
Total Annual Compensation: $401.3K
Compensation as of Fiscal Year 2014.

steelcase inc-cl a (SCS) Key Developments

Steelcase Declares Quarterly Dividend, Payable on or Before October 16, 2014

The Board of Directors of Steelcase Inc. declared a quarterly cash dividend of $0.105 per share to be paid on or before October 16, 2014 to shareholders of record as of October 6, 2014.

Steelcase Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended August 29, 2014; Provides Earnings Guidance for the Third Quarter Ending November 28, 2014

Steelcase Inc. reported unaudited consolidated earnings results for the second quarter and six months ended August 29, 2014. For the quarter, the company's earnings were $30.5 million. On a per-share basis, net income was $0.24 against $0.22 a year ago. Earnings, adjusted for restructuring costs, came to $0.27 per share against $0.24 per share a year ago. Revenue was $786.7 million against $757.6 million year-over-year, improved 3.8%. Operating income was $52.8 million against $52.0 million a year ago. Income before income tax expense was $52.1 million against $46.3 million a year ago. Adjusted operating income was $59.2 million against $55.3 million a year ago. For the six months, the company's revenue was $1,509.8 million against $1,424.7 million a year ago. Operating income was $89.2 million against $72.4 million a year ago. Income before income tax expense was $88.0 million against $64.1 million a year ago. Net income was $51.5 million or $0.41 basic and diluted per share against $40.8 million or $0.32 basic and diluted per share a year ago. Net cash used in operating activities was $16.2 million against net cash provided by operating activities of $17.1 million a year ago. Capital expenditures were $44.3 million against $36.4 million a year ago. Adjusted operating income was $85.9 million against $80.1 million a year ago. For the third Quarter ending November 28, 2014, the company expects its adjusted earnings per share to range of 24 cents to 28 cents. The company expects revenue in the range of $810 million to $835 million for the fiscal third quarter. The company expects to report diluted earnings between $0.20 to $0.24 per share for the third quarter of fiscal 2015. This estimate includes approximately $0.04 per share of restructuring costs but does not include any restructuring costs associated with the proposed transfer of the Wisches facility due to the uncertainty of the timing of such costs.

Steelcase Inc. to Report Q2, 2015 Results on Sep 23, 2014

Steelcase Inc. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Sep 23, 2014


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