Press Releases

 
Press Releases
  Date Title and Summary View
Jan 15, 1996
Grand Rapids, MI - January 15, 1996 - "A smarter way to work" is the way CEOs of Steelcase and IDEO Product Development describe their new relationship. Today the leader in the office furniture industry and largest independent product design and development firm in the country announced an agreement of co-development, with a unique execu...
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Feb 19, 1998
Grand Rapids, MI., February 19, 1998 - Steelcase Inc. went public on the New York Stock Exchange yesterday in a $340.2 million offering by existing shareholders of the company's common stock. The selling shareholders floated 12,150,000 shares, approximately 10 percent of those outstanding, to fund charitable trusts. Approximately 15,000 St...
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Mar 26, 1998
GRAND RAPIDS, MI, March 26, 1998-Steelcase Inc. (NYSE:SCS) today reported record consolidated net sales and record consolidated net income for its fiscal year ended February 27, 1998. This financial announcement is Steelcase's first since becoming a publicly-held company on February 18, 1998. The record net sales of $2...
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Jun 16, 1998
Grand Rapids, MI., June 16, 1998-Steelcase Inc. (NYSE: SCS) today reported consolidated net income and net sales for its first quarter ended May 29, 1998. Net income for the first quarter of Fiscal 1999 rose 14.4% to $54.0 million, or $0.35 per share, compared with $47.2 million, or $0.30 per share, for the first quarter of ...
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Jun 17, 1998
Grand Rapids, MI., June 17, 1998—Steelcase Inc. (NYSE: SCS) today announced a quarterly dividend with respect to its first fiscal quarter of $0.10 per share payable July 15, 1998 to shareholders of record as of July 1, 1998. The Steelcase Board of Directors also approved the repurchase of as many as three million shares of its ...
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Sep 2, 1998
GRAND RAPIDS, Michigan, September 22, 1998, Steelcase Inc. (NYSE: SCS) today announced consolidated net income of $62.7 million, or $0.41 per share, and record net sales of $704.0 million for its second quarter ended August 28, 1998. Sales for the quarter represented an increase of 1.3 percent over sales of $695.3 million in the second q...
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Sep 17, 1998
GRAND RAPIDS, Mich., September 17, 1998 - The Board of Directors of Steelcase Inc. (NYSE: SCS) declared a quarterly cash dividend of $0.10 per common share, payable October 15, 1998 to shareholders of record on October 1, 1998. Steelcase Inc., headquartered in Grand Rapids, Michigan and founded in 1912, is the world's largest designer ...
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Oct 22, 1998
Grand Rapids, MI., October 22, 1998-Steelcase Inc. announced today the signing of a letter of intent to purchase the assets of JM Lynne Co., Inc. of Long Island, N.Y., a leading designer and distributor of vinyl wallcoverings for commercial environments. The transaction is expected to be completed by January 1, 1999, subject to satisfaction of c...
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Nov 16, 1998
GRAND RAPIDS, Mich., Nov. 16, 1998, Steelcase Inc. (NYSE: SCS) today stated that third-quarter and full-year financial results are not expected to meet analysts' current estimates. The Company stated that orders in September and October were softer than anticipated, and therefore expects third-quarter sales to be approximately 1 to 3 percent ...
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Dec 17, 1998
GRAND RAPIDS, Mich., December 17, 1998 - Steelcase Inc. (NYSE:SCS) and Steelcase Strafor Facom S.A. (a French company traded on the Bourse de Paris) today announced that their European joint venture compan, Steelcase Strafor S.A. has acquired Werndl BuroMobel AG, the second largest wood office furniture company in Germany. Werndl, based n...
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