UPDATE: Steelcase (SCS) Tops Q2 EPS by 3c; Offers Q3 EPS, Revenue Outlook
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Steelcase Reports Second Quarter Results
September 23, 2015 4:01 PM EDTGRAND RAPIDS, Mich., Sept. 23, 2015 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) today reported second quarter revenue of $819.0 million and net income of $37.2 million, or diluted earnings per share of $0.30. Excluding restructuring costs, adjusted earnings were $0.35 per share. In the prior year, Steelcase reported $786.7 million of revenue, diluted earnings per share of $0.24 and adjusted earnings of $0.27 per share.
Organic revenue growth over the prior year was 7 percent after adjusting for approximately $29.6 million of unfavorable currency translation effects and the impact of a small acquisition, net of divestitures. All segments reported organic revenue growth, with... More
