Press Releases

 
Press Releases
  Date Title and Summary View
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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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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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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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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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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