Steelcase Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended February 23, 2024
March 20, 2024 at 04:06 pm EDT
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Steelcase Inc. reported earnings results for the fourth quarter and full year ended February 23, 2024. For the fourth quarter, the company reported sales was USD 775.2 million compared to USD 801.7 million a year ago. Net income was USD 21.3 million compared to USD 15.7 million a year ago. Basic earnings per share from continuing operations was USD 0.18 compared to USD 0.13 a year ago. Diluted earnings per share from continuing operations was USD 0.18 compared to USD 0.13 a year ago.
For the full year, sales was USD 3,159.6 million compared to USD 3,232.6 million a year ago. Net income was USD 81.1 million compared to USD 35.3 million a year ago. Basic earnings per share from continuing operations was USD 0.68 compared to USD 0.3 a year ago. Diluted earnings per share from continuing operations was USD 0.68 compared to USD 0.3 a year ago.
Steelcase Inc. is engaged in furnishing the work experience in office environments. The Company, through its brands Steelcase, AMQ, Coalesse, Designtex, HALCON, Orangebox, Smith System and Viccarbe, offers a comprehensive portfolio of furniture and architectural products and services designed to help customers create workplaces. Its furniture portfolio includes furniture systems, seating, storage, fixed and height-adjustable desks, benches and tables and complementary products such as work accessories, lighting, mobile power and screens. Its seating products include task chairs that are ergonomic, seating that can be used in collaborative environments and casual settings, and specialty seating for specific vertical markets such as education and healthcare. Its interior architectural products include full and partial height walls and free-standing architectural pods. Its services include workplace strategy consulting, lease origination services and furniture and asset management.