Steelcase (NYSE:SCS) Announces Quarterly Earnings Results

Steelcase (NYSE:SCS) issued its earnings results on Wednesday. The business services provider reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.06, Zacks reports. Steelcase had a return on equity of 14.20% and a net margin of 3.63%. The company had revenue of $788.00 million during the quarter, compared to the consensus estimate of $790.90 million. During the same quarter in the prior year, the business earned $0.23 earnings per share. The company’s revenue was up 1.7% compared to the same quarter last year. Steelcase updated its Q1 guidance to $0.13-0.17 EPS and its Q1 2026 guidance to 0.130-0.170 EPS.

Steelcase Stock Performance

Shares of SCS opened at $11.30 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.21 and a current ratio of 1.57. Steelcase has a 1 year low of $10.30 and a 1 year high of $14.74. The firm has a fifty day moving average of $11.61 and a 200-day moving average of $12.36. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 11.77, a price-to-earnings-growth ratio of 1.25 and a beta of 1.33.

Steelcase Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 21st. Shareholders of record on Monday, April 7th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date of this dividend is Monday, April 7th. Steelcase’s payout ratio is 41.67%.

Insider Buying and Selling at Steelcase

In other news, VP Robert G. Krestakos sold 5,000 shares of the stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $11.74, for a total value of $58,700.00. Following the completion of the transaction, the vice president now owns 114,481 shares of the company’s stock, valued at approximately $1,344,006.94. This represents a 4.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 12.96% of the stock is currently owned by company insiders.

Steelcase Company Profile

Steelcase Inc provides a portfolio of furniture and architectural products and services in the United States and internationally. It operates through Americas and International segments. The company's furniture portfolio includes furniture systems, seating, storage, fixed and height-adjustable desks, benches, and tables, as well as complementary products, such as work accessories, lighting, mobile power, and screens.