Press Releases

 
Press Releases
  Date Title and Summary View
Jun 18, 1999
GRAND RAPIDS, Mich.--(BUSINESS WIRE)--June 18, 1999--Steelcase Inc. (NYSE:SCS) today announced financial results for its first quarter ended May 28, 1999. Net income for the first quarter of fiscal year 2000 was $56.7 million, or $0.37 per share, an increase of 5.0% over prior year first quarter net income of $54.0 million, or $0.35 pe...
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Mar 26, 1999
GRAND RAPIDS, Mich.--(BUSINESS WIRE)--March 26, 1999--The Board of Directors of Steelcase Inc. (NYSE:SCS) declared a quarterly cash dividend of $0.11 per common share, payable April 15, 1999 to shareholders of record on April 1, 1999. Steelcase Inc. is the world's pre-eminent designer and manufacturer of products used to create high ...
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Mar 26, 1999
GRAND RAPIDS, Mich.--(BUSINESS WIRE)--March 26, 1999--Steelcase Inc. (NYSE:SCS) today announced financial results for its fourth quarter and fiscal year ended February 26, 1999. For fiscal 1999, the Company reported record net income of $221.4 million, or $1.44 per share, up 2.0 % over prior year net income of $217.0 million, or $1.40 per s...
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Feb 3, 1999
GRAND RAPIDS, Mich., February 3, 1999 - Steelcase Inc. has reached an agreement in principal with Strafor Facom S.A. on the purchase of its 50 percent ownership of Steelcase Strafor S.A., a European joint venture formed by the two companies in 1974. The transaction, expected to be completed by mid-April, is subject to negotiation of definitive a...
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Feb 3, 1999
GRAND RAPIDS, Mich., February 3, 1999 - Steelcase Inc. has reached an agreement in principal with Strafor Facom S.A. on the purchase of its 50 percent ownership of Steelcase Strafor S.A., a European joint venture formed by the two companies in 1974. The transaction, expected to be completed by mid-April, is subject to negotiation of defi...
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Dec 18, 1998
GRAND RAPIDS, Michigan - December 18, 1998 - The Board of Directors of Steelcase Inc. (NYSE: SCS) declared a quarterly cash dividend of $0.11 per common share, payable January 15, 1999 to shareholders of record on January 1, 1999. Steelcase Inc., headquartered in Grand Rapids, Michigan and founded in 1912, is the world's largest designer and ...
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Dec 18, 1998
GRAND RAPIDS, Michigan - December 18, 1998 - Steelcase Inc. (NYSE: SCS) today announced consolidated net income of $57.4 million, or $0.37 per share, and net sales of $687.6 million for its third quarter ended November 27, 1998. As reported on November 16, 1998, earnings and gross margins were negatively impacted by softer than anticipat...
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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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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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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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