Steelcase Reports Third Quarter Fiscal 2020 Results

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Go back to Steelcase Reports Third Quarter Fiscal 2020 Results

UPDATE: Steelcase (SCS) Tops Q3 EPS by 11c, Revenues Beat; Offers FY20 EPS Guidance Above Consensus, Q4 Revenue Views Below Consensus

December 17, 2019 4:08 PM EST

(Updated - December 17, 2019 4:12 PM EST)

Steelcase (NYSE: SCS) reported Q3 EPS of $0.46, $0.11 better than the analyst estimate of $0.35. Revenue for the quarter came in at $955 million versus the consensus estimate of $934.7 million.

Operating margin increased 290 basis points to 7.9%; EPS improved 48% to $0.46Revenue grew 6% to $955 million, driven by strong organic growth in the AmericasEMEA delivers $7 million improvement in operating income and is profitable for the fiscal year to date

"We're proud to deliver another quarter of outstanding results, including a 28% improvement in adjusted earnings and terrific... More