In today’s briefing:
- STEELCASE, INC. – 1QFY24 Earnings Ahead of Estimates
STEELCASE, INC. – 1QFY24 Earnings Ahead of Estimates
- After market close on June 21, Steelcase reported 1QFY24 GAAP EPS of $0.01 and non-GAAP (adjusted) EPS of $0.09, beating consensus of $0.01 and our $0.03 estimate (both adjusted).
- Adjusted EPS excluded $0.05 of restructuring and $0.03 in purchased intangible amortization.
- Reported consolidated 1QFY24 revenue of $751.9 million was also better than consensus of $719 million and our $715 million estimate.
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