1Q23 Sales and Operating Results Beat; 2Q23 Guidance Below Estimates; Energy Costs the Culprit
KEY POINTS After market close on June 22, Steelcase reported 1Q23 results, which ended May 27. In its earnings release, management also provided...
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Updating Estimates After 4Q22 Report; Backlog Elevated; Pricing To Gain Traction; Earnings Improving
KEY POINTS Highlights from 4Q22 included: 1) Consolidated sales were $753.1 million, up 11.2% versus 4Q21, with growth across all segments, and...
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4Q22 Sales and Earnings Miss Modestly; 1Q23 Loss Guided; Numerous Reasons for Optimism
KEY POINTS On March 23, 2022, Steelcase reported results for its 4Q22, ended February. In the release, management also provided its outlook for...
333 Views