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home / news releases / SCS - Steelcase Non-GAAP EPS of $0.19 beats by $0.08 revenue of $801.7M beats by $50.32M

SCS - Steelcase Non-GAAP EPS of $0.19 beats by $0.08 revenue of $801.7M beats by $50.32M

Steelcase Inc.

2023-03-22 16:24:16 ET

  • Steelcase press release ( NYSE: SCS ): Q4 Non-GAAP EPS of $0.19 beats by $0.08 .
  • Revenue of $801.7M (+6.5% Y/Y) beats by $50.32M .
  • Revenue and earnings growth driven by year-over-year pricing benefits
  • Operating margin improved 330 basis points compared to prior year driven by gross margin improvement
  • Year-over-year order declines moderated to 8% in fourth quarter compared to 17% in third quarter.
  • Outlook: First quarter guidance reflects continued year-over-year earnings improvement
  • Company targets fiscal 2024 earnings growth driven largely by pricing benefits.
  • Shares +12.53% .

For further details see:

Steelcase Non-GAAP EPS of $0.19 beats by $0.08, revenue of $801.7M beats by $50.32M
Stock Information
Company Name: Steelcase Inc.
Stock Symbol: SCS
Market: NYSE
Website: steelcase.com
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