Steelcase (SCS) Misses Q1 EPS by 19c, Revenues Miss
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Steelcase Reports First Quarter Fiscal 2021 Results
June 30, 2020 4:05 PM EDTRevenue and orders declined significantly as a result of government restrictions and economic uncertainty associated with the global pandemicCost reduction actions and discretionary spending controls reduced operating loss by approximately $70 millionQuarter-end backlog totaled $751 million; most expected to ship in second quarterLiquidity position very strong at $799 million
GRAND RAPIDS, Mich., June 30, 2020 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) today reported first quarter revenue of $482.8 million and a net loss of $38.1 million, or a loss... More
