STOCK RADAR
Filed
SCSSTEELCASE INCNYSE

Steelcase Reports Strong Q1 FY26 Results and Positive Q2 Outlook

8-KEarningsbullishImpact70

SCS Price

Chart unavailable
N/A$0.00 (+0.00%)
Chart unavailable

Steelcase reported better-than-expected first-quarter results with strong revenue growth and improved margins, alongside an optimistic second-quarter outlook

Earnings Snapshot

Q1 2026 Revenue
$779.0M
Q1 2026 Net Income
$13.6M
Q1 2026 Adjusted EPS
$0.20
Q1 2026 Gross Margin
33.9%Up 170 bps YoY

Steelcase Inc. announced robust first-quarter fiscal 2026 results, with revenue increasing 7% year-over-year to $779.0 million and adjusted earnings per share rising to $0.20. The Americas segment was a key driver, achieving 9% organic growth. The company also initiated restructuring actions in the Americas and Europe to further reduce costs and improve profitability. For the second quarter of fiscal 2026, Steelcase projects revenue between $860 million and $890 million and adjusted EPS between $0.36 and $0.40, signaling continued positive momentum

Score70

Score Rationale

bullish

The company's first-quarter performance and forward guidance suggest a favorable trajectory for its core business, warranting a feed-level score.

Performance & Outlook

Revenue

Up 7% YoY
Q1 2025
$727.3M
Q1 2026
$779.0M
Q2 2026 Revenue$860M - $890MApproximately flat to 4% growth YoY

Operating Income

Up 45% YoY
Q1 2025
$17.6M
Q1 2026
$25.5M

Adjusted EPS

Up 25% YoY
Q1 2025
$0.16
Q1 2026
$0.20
Q2 2026 Adjusted EPS$0.36 - $0.40

Key Business Updates

  1. Americas Revenue Growth9%

    Americas segment revenue grew 9% organically, driven by strong growth from large corporate, government, and healthcare customers.

  2. Restructuring Actions$20M

    Initiated restructuring in the Americas, including headcount reductions, targeting $20 million in annualized spending.

  3. International Cost Reduction

    Initiated procedures in Europe to reduce cost structure due to weak macroeconomic factors and lower demand in Germany and France.

AdvertisementResponsive display
AdvertisementResponsive display

Original Filing Text

SEC filing text preserved from the raw item store.

False 0001050825 0001050825 2025-06-25 2025-06-25 iso4217:USD xbrli:shares iso4217:USD xbrli:shares
 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_____________________

FORM 8-K

_____________________

CURRENT REPORT

Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  June 25, 2025

_____________________

STEELCASE INC.

(Exact name of registrant as specified in its charter)

_____________________

Michigan 1-13873 38-0819050
(State or Other Jurisdiction of Incorporation) (Commission File Number) (I.R.S. Employer Identification No.)

 

901 44th Street SE

Grand Rapids, Michigan

49508

(Address of Principal Executive Offices)

(Zip Code)

 

(616) 247-2710

(Registrant's telephone number, including area code)

None

(Former name or former address, if changed since last report)

_______________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered
Class A Common Stock SCS New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company,indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 
 
Item 2.02. Results of Operations and Financial Condition.

Steelcase Inc. (the "Company") reported its first quarter fiscal year 2026 results today and is furnishing the earnings release as Exhibit 99.1 attached hereto. Members of the public are invited to listen to the Company's webcast conference call on June 26, 2025, at 8:30 a.m. Eastern time through the link at ir.steelcase.com. A replay of the webcast will also be accessible through the Company's website.

 

The information furnished pursuant to this Item 2.02 and Item 7.01 to this Current Report on Form 8-K (including the exhibit hereto) shall not be considered “filed” under the Securities Exchange Act of 1934, as amended, nor shall it be incorporated by reference into future filings by the Company under the Securities Act of 1933, as amended, or under the Securities Exchange Act of 1934, as amended, unless the Company expressly sets forth in such future filing that such information is to be considered “filed” or incorporated by reference therein.

Item 7.01. Regulation FD Disclosure.

The Company has updated its investor presentation and will make it available on the Company's website at ir.steelcase.com. The Company uses this presentation from time to time when Company executives interact with investors and analysts to discuss the Company's business strategies and long-term goals.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

 

Exhibit    
Number   Description
     
99.1   Earnings Release - First Quarter Ended May 30, 2025
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)
 
 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  STEELCASE INC.
     
   
Date: June 25, 2025 By:  /s/ David C. Sylvester        
    David C. Sylvester
    Senior Vice President, Chief Financial Officer