Steelcase (SCS) Tops Q4 EPS by 8c, Offers Guidance
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Steelcase Reports Fourth Quarter and Fiscal 2023 Results
March 22, 2023 4:05 PM EDTFourth quarter results: Revenue and earnings growth driven by year-over-year pricing benefitsOperating margin improved 330 basis points compared to prior year driven by gross margin improvementYear-over-year order declines moderated to 8% in fourth quarter compared to 17% in third quarter Fiscal 2023 results: Company delivered 17% revenue growth and significant earnings improvement despite challenging environment Outlook: First quarter guidance reflects continued year-over-year earnings improvement Company targets fiscal 2024 earnings growth driven largely by... More
