SCS - Steelcase Non-GAAP EPS of $0.21 beats by $0.08 revenue of $863.3M misses by $19.4M
- Steelcase press release ( NYSE: SCS ): FQ2 Non-GAAP EPS of $0.21 beats by $0.08 .
- Revenue of $863.3M (+19.1% Y/Y) misses by $19.4M .
- Gross margin improved 60 basis points compared to prior year despite continued significant inflationary pressure
- Third quarter outlook reflects continued revenue and earnings growth expectations driven by backlog and gross margin improvement
- Company announces additional reductions in planned spending and lower quarterly dividend due to uncertain demand environment.
- Shares -0.32% .
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Steelcase Non-GAAP EPS of $0.21 beats by $0.08, revenue of $863.3M misses by $19.4M