Steelcase (SCS) delivered earnings and revenue surprises of 60% and 0.08%, respectively, for the quarter ended May 2024. Do the numbers hold clues to what lies ahead for the stock?
Orders grew 8% compared to prior year with 10% growth in the AmericasOperating income improved by $10 million compared to prior year driven by InternationalStrong second quarter outlook driven by education and large corporate customersFirst half outlook reflects pace towards higher end of full year income targets 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
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.m. ET. A link to the webcast will be available at https://ir.steelcase.com and a replay of the webcast will be available shortly after the call concludes. The news release detailing the financial results will be issued before the market opens on June 20, 2024, which is a change from the previously