Steelcase Beats on Adjusted EPS, Top Line
Steelcase reported 4QFY23 on March 22 after the close, with a beat on adjusted EPS and revenues. Guidance for FY24 beat estimates, then in print.
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Steelcase Confronts Challenging Office Furniture Market with Cost Cuts, Margin Improvement, Cash Preservation, and Market Diversification
KEY POINTS We are updating our earnings estimates and reflecting on the outlook for Steelcase following its 3QFY23 earnings call. Though adjusted...
683 Views
3QFY23 EPS Edges Ahead of Estimates; Outlook Remains Challenging; Revenue and EPS Expected to Be Sequentially Lower
KEY POINTS Steelcase reported financial results Monday after the close for its 3QFY23 ended November 25, with earnings slightly higher than...
649 Views
Updating Earnings Estimates for 3QFY23 and FY23; Slow Return to Office and Looming Threat of Recession Challenge Near-Term Outlook
KEY POINTS Following a better-than-expected 2QFY23 earnings report and a cautious outlook, we are updating our earnings estimates to reflect...
636 Views
2QFY23 EPS Beats Estimates; 3QFY23 Guidance Modestly Lower; Quarterly Dividend Cut to $0.10 from $0.145
KEY POINTS After market close on September 21, Steelcase reported results for its 2QFY23, which ended August 28. In its earnings release,...
645 Views