Earnings and Related Releases
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Steelcase Reports Fourth Quarter and Full Fiscal Year 2004 Results
Mar 29, 2004
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GRAND RAPIDS, Mich.--(BUSINESS WIRE)--March 29, 2004--Steelcase
Inc. (NYSE:SCS) today reported revenue totaling $563.4 million for its
fourth quarter ended Feb. 27, 2004. Revenue for this 13-week quarter
was 9.7 percent less than the prior year 14-week quarter. Excluding
the impact of the extra week, revenue declined by 2.7 percent. Also,
f...
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Steelcase Announces Continued Progress on Multi-Year Restructuring Effort
Jan 27, 2004
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GRAND RAPIDS, Mich., Jan. 27 /PRNewswire-FirstCall/ -- Steelcase Inc.
(NYSE: SCS) today announced further actions as part of its ongoing
restructuring effort in North America. The company will close its wood
furniture manufacturing plants in New Paris, Indiana and Fletcher, North
Carolina, which employ 160 and 480 people respectively. Most...
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Steelcase Reports Third Quarter Fiscal 2004 Results; Revenue and Earnings in Line with Company Estimates
Dec 18, 2003
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GRAND RAPIDS, Mich., Dec 18, 2003 (BUSINESS WIRE) -- Steelcase
Inc. (NYSE:SCS) today reported revenue for its third quarter totaled
$614.5 million, consistent with second quarter revenue of $612.1
million and in line with company expectations. Third quarter revenue
benefited by $21.7 million from favorable currency translation in the
compan...
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Steelcase Updates Third Quarter and Full Year Earnings Outlook
Oct 24, 2003
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GRAND RAPIDS, Mich.--(BUSINESS WIRE)--Oct. 24, 2003--Steelcase
Inc. (NYSE:SCS) today updated its third quarter and full year earnings
outlook.
Steelcase has reduced its expectations for North America second
half shipments by 5 percent. The company had previously anticipated a
gradual strengthening in orders over the second half of t...
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Steelcase Reports Second Quarter Fiscal 2004 Results; Strong Sequential Quarter Revenue Growth in North America
Sep 24, 2003
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GRAND RAPIDS, Mich.--(BUSINESS WIRE)--Sept. 24, 2003--Steelcase
Inc. (NYSE:SCS) today reported revenue from continuing operations for
its second quarter totaled $612.1 million, an increase of 10 percent
over first quarter revenue of $555.6 million, and a 5 percent decrease
compared with $644.2 million in the same quarter last year. Driven by
s...
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Steelcase Reports Results for First Quarter Fiscal 2004
Jun 23, 2003
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GRAND RAPIDS, Mich., Jun 23, 2003 (BUSINESS WIRE) -- Steelcase
Inc. (NYSE:SCS) today reported that revenue for its first quarter
totaled $571.9 million, compared with $643.1 million in the same
quarter last year. These results were in line with company estimates
and reflect substantially lower sales in North America primarily due
to weak ba...
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Designtex and Steelcase Partner to Introduce New Environmental Impact Collection of Textiles
May 20, 2003
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GRAND RAPIDS, Mich., May 20, 2003 /PRNewswire via COMTEX/ -- The Environmental Impact™
Collection, an abundant array of environmentally responsible seating and panel
fabrics, was introduced today by The Designtex Group. The collection was
created in partnership with Steelcase (NYSE: SCS), an internation...
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Steelcase Reports Fourth Quarter Profit and Full Fiscal Year 2003 Results; Full Year Results Reflect Correction of First Quarter Charge Related to Adoption of SFAS 142
Mar 31, 2003
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GRAND RAPIDS, Mich., Mar 31, 2003 (BUSINESS WIRE) -- Steelcase
Inc. (NYSE:SCS) today reported revenue totaling $637.8 million for its
fourth quarter ended Feb. 28, 2003, a decrease of 3.4 percent compared
with $660.4 million in the same quarter last fiscal year, and a
sequential quarter decrease of 1.4 percent. The fourth quarter of
fiscal ...
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Steelcase Reports Results for Third Quarter Fiscal 2003
Dec 18, 2002
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GRAND RAPIDS, Mich.--(BUSINESS WIRE)--Dec. 18, 2002--Steelcase
Inc. (NYSE:SCS) today reported revenue for its third quarter ended
November 22, 2002 totaled $646.7 million, a decrease of 11.6 percent
compared with $731.4 million in the same quarter last fiscal year, and
a sequential quarter decrease of 1.9 percent. Acquisitions completed
in the...
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Steelcase Reports Results for Second Quarter Fiscal 2003
Sep 23, 2002
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GRAND RAPIDS, Mich., Sept 23, 2002 (BUSINESS WIRE) -- Steelcase Inc. (NYSE:SCS)
today reported that revenue for its second quarter ended August 23, 2002,
totaled $659.3 million, compared with $792.5 million in the same quarter last
fiscal year, representing a sequential quarter increase of 2.5 percent over the
$643.1 million reported in the fir...
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Steelcase Reports Results for First Quarter Fiscal 2003
Jun 19, 2002
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GRAND RAPIDS, Mich., Jun 19, 2002 (BUSINESS WIRE) -- Steelcase Inc. (NYSE:SCS)
today reported that revenue for its first quarter fiscal year 2003, totaled
$643.1 million, compared with $905.2 million in the same quarter last fiscal
year. Acquisitions completed in the latest 12 month period contributed $43.5
million in revenue in ...
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Steelcase Reports Results for Full Year and Fourth Quarter
Mar 25, 2002
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GRAND RAPIDS, Mich.--(BUSINESS WIRE)--March 25, 2002--Steelcase
Inc. (NYSE:SCS) today reported that revenue for its fiscal year ended
February 22, 2002, totaled $3.1 billion, a decrease of 24 percent
compared with $4.0 billion last fiscal year. Excluding acquisitions,
revenue decreased 25 percent to $3.0 billion. Lower revenue is the
result of...
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Steelcase Revises Guidance for Fourth Quarter Fiscal 2002, Announces Additional Cost Reduction Activities
Feb 12, 2002
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GRAND RAPIDS, Mich., Feb 12, 2002 (BUSINESS WIRE) -- Steelcase Inc. (NYSE:SCS)
today revised its guidance for the fourth quarter of fiscal 2002 ending February
22, 2002. The company now expects a fourth quarter fiscal 2002 loss in the range
$(0.07) to $(0.12) per share before one-time charges, or $(0.21) to $(0.29) per
share on a reported ba...
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Steelcase Inc. Reports Third Quarter Fiscal 2002 Results; Declares Quarterly Dividend of Six Cents Per Share
Dec 19, 2001
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GRAND RAPIDS, Mich.--(BUSINESS WIRE)--Dec. 19, 2001--Steelcase
Inc. (NYSE:SCS) today reported that revenue for the third quarter of
fiscal 2002, ended November 23, 2001, totaled $731.4 million, a
decrease of 29 percent compared with $1,034.4 million a year ago.
Lower sales are the result of the prolonged industry-wide decline in
office furnitu...
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Steelcase Inc. Reports Second Quarter Fiscal 2002 Results
Sep 20, 2001
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GRAND RAPIDS, Mich.--(BUSINESS WIRE)--Sept. 20, 2001-- Steelcase
Inc. (NYSE:SCS) reported revenue for the second quarter of fiscal 2002
ended August 24, 2001, of $792.5 million, a decrease of 23 percent
compared with the record $1,035.7 million reported for the same period
last year.
Reported second quarter net income was $6.5 m...
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Steelcase Inc. Announces Actions to Improve North American Operating Performance in Response to Current Economic Environment
Aug 21, 2001
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GRAND RAPIDS, Mich., Aug 21, 2001 (BUSINESS WIRE) -- In light of current
economic conditions and indications of a steeper and more sustained furniture
industry decline, Steelcase Inc. (NYSE:SCS) today announced layoffs and salaried
work force reductions.
The latest quarterly statistics from the Bureau of Economic Analysis show a
signif...
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Steelcase Inc. Reports First Quarter Fiscal 2002 Results
Jun 14, 2001
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GRAND RAPIDS, Mich., Jun 14, 2001 (BUSINESS WIRE) -- Steelcase Inc. (NYSE:SCS)
reported that revenues for the first quarter of fiscal 2002, ended May 25, 2001,
totaled $868.3 million, down 9 percent compared with $953.7 million reported for
the same period last year. Revenue declines occurred across all business
segments and regions. These shor...
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Steelcase Announces Fiscal 2001 Results
Mar 26, 2001
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GRAND RAPIDS, Mich.--(BUSINESS WIRE)--March 26, 2001--Steelcase
Inc. (NYSE:SCS)
Global revenues reached record levels of $3.9 billion, up 16
percent
Excluding one-time items, fiscal 2001 earnings per share
increased 10 percent to $1.36, or net income of $204 million
Company recorded one-time cha...
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Steelcase Streamlines Operations in North America - Company Revises Guidance for Fiscal Year 2001
Feb 12, 2001
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GRAND RAPIDS, Michigan--(BUSINESS WIRE)--Feb. 12, 2001--Steelcase Inc. (NYSE: SCS)
today announced a series of actions to improve profitability. These actions are in response to lower than expected operating results in recent months, the slowdown in economic growth and uncertainty regarding the current North American business environment.
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Steelcase Reports Third-Quarter Fiscal 2001 Results
Dec 19, 2000
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GRAND RAPIDS, Mich.--(BUSINESS WIRE)--Dec. 19, 2000--Steelcase
Inc. (NYSE:SCS)
Third quarter 2001 net income increased 14% to $52 million, or
$ 0.35 per share
Quarterly revenues increased 11% to $982 million
Steelcase continued to outpace the industry's reported 8%
order and 9% shipment gains in the...
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