Last $15.10 USD
Change Today -0.32 / -2.08%
Volume 672.3K
SCS On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 07/31/14 All times are local (Market data is delayed by at least 15 minutes).

steelcase inc-cl a (SCS) Snapshot

Open
$15.31
Previous Close
$15.42
Day High
$15.42
Day Low
$15.10
52 Week High
06/24/14 - $17.94
52 Week Low
02/4/14 - $13.60
Market Cap
1.9B
Average Volume 10 Days
494.7K
EPS TTM
$0.79
Shares Outstanding
90.5M
EX-Date
07/2/14
P/E TM
19.0x
Dividend
$0.42
Dividend Yield
2.72%
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
Chief Administrative Officer and Senior Vice ...
Total Annual Compensation: $415.5K
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 Inc. Elects Larry Blandford as Director

Steelcase Inc. announced that at the Annual Shareholders Meeting elected Larry Blandford as director for a 1-year term.

Steelcase Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended May 30, 2014; Provides Earnings Guidance for the Second Quarter Ending August 29, 2014; Provides Earnings Guidance for the Fiscal Year of 2015; Declares Cash Dividend, Payable on or Before July 16, 2014

Steelcase Inc. announced unaudited consolidated earnings results for the first quarter ended May 30, 2014. For the quarter, the company reported revenue of $723.1 million against $667.1 million a year ago. Operating income was $36.4 million against $20.4 million a year ago. Income before income tax expense was $35.9 million against $17.8 million a year ago. Net income was $21.0 million against $13.2 million a year ago. Diluted earnings per share were $0.17 against $0.10 a year ago. Net cash used in operating activities was $72.6 million against $39.3 million a year ago. Capital expenditures were $15.8 million against $18.4 million a year ago. Adjusted diluted earnings per share were $0.12 against $0.13 a year ago. Adjusted operating income was $26.7 million against $24.8 million a year ago. For the second quarter ending August 29, 2014, the company expects revenue to be in the range of $760 million to $785 million, which reflects expected organic revenue growth in the range of 0% to 3% over the prior year. The company expects diluted earnings to be in the range of $0.18 to $0.22 per share. This estimate includes approximately $0.04 per share of restructuring costs relating to previously announced restructuring projects. Adjusted for the estimated restructuring costs, the company expects to report adjusted earnings to be in the range of $0.22 to $0.26 per share. For the full year, capital expenditures are expected to approximate $90 million to $100 million. The Board of Directors has declared a cash dividend of $0.105 per share, to be paid on or before July 16, 2014 to shareholders of record as of July 7, 2014.

Steelcase Inc. to Report Q1, 2015 Results on Jun 26, 2014

Steelcase Inc. announced that they will report Q1, 2015 results at 9:00 AM, Eastern Standard Time on Jun 26, 2014

 

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Industry Analysis

SCS

Industry Average

Valuation SCS Industry Range
Price/Earnings 20.5x
Price/Sales 0.6x
Price/Book 2.8x
Price/Cash Flow 19.9x
TEV/Sales 0.4x
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