Press Releases

Press Releases

Date Title and Summary View
Toggle Summary Steelcase Provides Update on Status of Operations, Selected Financial Metrics and Liquidity
Manufacturing capacity ramping up to fulfill significant backlog of customer orders Temporary reductions to pay and hours for salaried employees partially eased Recent order patterns reflect significant declines compared to the prior year Liquidity remains very strong at approximately $774 million
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Toggle Summary Steelcase Combats COVID-19 Global Pandemic; Commits to Supply Critical Medical PPE Equipment Needs
Steelcase joins a collaborative effort to rapidly design, manufacture and deploy healthcare resources at scale; urges others to join the effort GRAND RAPIDS, Mich., March 27, 2020 (GLOBE NEWSWIRE) -- Steelcase today announced it has already started and continues to manufacture and deploy critical
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Toggle Summary Steelcase Reports on Fourth Quarter and Fiscal 2020 Results and Actions to Maximize Liquidity and Conserve Capital
Fourth quarter results reflect strong performance Revenue grew 4% to $946.2 million EPS improved 189% to $0.55; adjusted EPS improved 34% to $0.39 EMEA posts $8.3 million of operating income and 4.5% operating margin Year-end liquidity topped $700 million; additional $250 million borrowed under new
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Toggle Summary Steelcase to Webcast Fourth Quarter Conference Call
GRAND RAPIDS, Mich., March 04, 2020 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) will webcast a discussion of its fourth quarter and fiscal year 2020 financial results on Wednesday, March 25, 2020 at 8:30 a.m. ET. A link to the webcast will be available at http://ir.steelcase.com and a replay of
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Toggle Summary Steelcase Sells PolyVision to Industrial Opportunity Partners
GRAND RAPIDS, Mich., Feb. 24, 2020 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) today announced it has sold all of the issued and outstanding capital stock of PolyVision Corporation to an affiliate of Industrial Opportunity Partners. PolyVision is a U.S.
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Toggle Summary Steelcase Named One of the World’s Most Admired Companies
Company also recognized as a Best Place to Work for LGBTQ Equality GRAND RAPIDS, Mich., Jan. 21, 2020 (GLOBE NEWSWIRE) -- Fortune has recognized Steelcase (NYSE:SCS) as one of its 2020 World’s Most Admired Companies in the Home Equipment and Furnishings industry sector.
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Toggle Summary Steelcase Announces Appoint­ment of Catherine “Triona” Schmelter to Board of Directors
GRAND RAPIDS, Mich., Dec. 17, 2019 (GLOBE NEWSWIRE) -- Steelcase today announced Catherine “Triona” C.B. Schmelter has been appointed to its board of directors. Ms. Schmelter is President, Meal Solutions of TreeHouse Foods, Inc., a $4.3B Fortune 500 manufacturer of packaged foods and beverages.
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Toggle Summary Steelcase Reports Third Quarter Fiscal 2020 Results
Operating margin increased 290 basis points to 7.9%; EPS improved 48% to $0.46 Revenue grew 6% to $955 million, driven by strong organic growth in the Americas EMEA delivers $7 million improvement in operating income and is profitable for the fiscal year to date Company projects fiscal year 2020
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Toggle Summary Steelcase Named One of America’s Most Responsible Companies
Steelcase ranks in top third of U.S. companies in Newsweek’s “Most Responsible” list GRAND RAPIDS, Mich., Dec. 16, 2019 (GLOBE NEWSWIRE) -- Steelcase (NYSE:SCS) received national recognition as one of the “Most Responsible Companies” in the U.S. by Newsweek Magazine for positive efforts in
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Toggle Summary Steelcase Education Accepting Applications for the 6th Annual Active Learning Center Grant 
Company’s Grant Program Seeks Middle, High School and Higher Ed Institutions Looking to Foster Increased Learning and Engagement with Active Learning GRAND RAPIDS, Mich., Dec. 02, 2019 (GLOBE NEWSWIRE) -- Steelcase Education is seeking innovative educators and educational institutions looking to
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