CORRECTION -- Steelcase Reports Second Quarter Results -- Revenue and Earnings Exceed Expectations
GRAND RAPIDS, Mich., Sept. 23, 2010 (GLOBE NEWSWIRE) -- In a release distributed on September 22, 2010, by Steelcase (NYSE:SCS), please note that certain line items in the table "Year Over Year Organic Growth, Q2 YTD 2011 vs. Q2 YTD 2010" were incorrectly labeled. There are no changes to any of the numbers in the table. The corrected table follows.
|YEAR OVER YEAR ORGANIC GROWTH|
|Q2 YTD 2011 vs. Q2 YTD 2010|
|Q2 YTD 2010 revenue, reported||$ 1,123.8|
|Currency translation effect*||(5.0)|
|Adjusted Q2 YTD 2010 revenue||1,091.8|
|Q2 YTD 2011 revenue, reported||1,141.6|
|Organic growth $||$ 49.8|
|Organic growth %||5%|
|* Currency translation effect is the effect of translating prior quarter foreign currency revenues using the average exchange rate during the current quarter.|
CONTACT: Steelcase Inc. Investor Contact: Investor Relations Raj Mehan (616) 698-4734 Media Contact: Public Relations Laura VanSlyke (616) 247-2747
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