Steelcase (SCS) Tops Q3 EPS by 2c; Guides Lower

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Go back to Steelcase (SCS) Tops Q3 EPS by 2c; Guides Lower

Steelcase Reports Third Quarter Fiscal 2023 Results

December 19, 2022 4:05 PM EST

Revenue and earnings growth driven by strong beginning backlog and year-over-year pricing benefitsGross margin improved 120 basis points compared to prior year driven by a 280 basis point improvement in the AmericasActions to reduce cost structure expected to produce approximately $30 million of annualized savingsFourth quarter outlook projects earnings growth compared to prior year driven by pricing benefits and includes savings from recent actions

GRAND RAPIDS, Mich., Dec. 19, 2022 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) today reported... More