Last $16.74 USD
Change Today -0.1463 / -0.87%
Volume 91.0K
SCS On Other Exchanges
Symbol
Exchange
Berlin
As of 11:57 AM 01/26/15 All times are local (Market data is delayed by at least 15 minutes).

steelcase inc-cl a (SCS) Snapshot

Open
$16.85
Previous Close
$16.89
Day High
$16.95
Day Low
$16.68
52 Week High
12/26/14 - $18.84
52 Week Low
02/4/14 - $13.60
Market Cap
2.0B
Average Volume 10 Days
423.7K
EPS TTM
$0.89
Shares Outstanding
89.0M
EX-Date
12/30/14
P/E TM
18.8x
Dividend
$0.42
Dividend Yield
2.51%
Current Stock Chart for STEELCASE INC-CL A (SCS)

steelcase inc-cl a (SCS) Details

Steelcase Inc. designs, manufactures, and distributes an integrated portfolio of furniture settings, user-centered technologies, and interior architectural products. The company operates through Americas, EMEA, and Other Category segments. Its furniture systems portfolio comprises panel-based and freestanding furniture systems; and complementary products, such as storage, tables, and ergonomic worktools. The company’s seating products include ergonomic chairs; seating for collaborative or casual settings; and specialty seating for specific vertical markets, such as healthcare and education. Its interior architectural products consist of full and partial height walls and doors. The company also manufactures and sells surface materials consisting of textiles and wall coverings to architects and designers; and ceramic steel surfaces primarily for third-party fabricators to create static whiteboards and chalkboards. In addition, it provides workplace strategy consulting, lease origination, furniture and asset management, and hosted space services. Steelcase Inc. markets its products to corporate, government, healthcare, education, and retail customers under the Steelcase, Nurture, Coalesse, Details, Turnstone, Designtex, and PolyVision brands in the United States and internationally. The company distributes its products and services through a network of independent and company-owned dealers, as well as directly to end-use customers. Steelcase Inc. was founded in 1912 and is headquartered in Grand Rapids, Michigan.

10,700 Employees
Last Reported Date: 04/17/14
Founded in 1912

steelcase inc-cl a (SCS) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $609.8K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $479.1K
Vice President of Strategy, Research & New Bu...
Total Annual Compensation: $401.3K
Compensation as of Fiscal Year 2014.

steelcase inc-cl a (SCS) Key Developments

Steelcase Opens Furniture Plant in Panattoni Logistics Park in the Tachov District; Moves Whole Production to Ostrov U Stribra from the German Plant of Durlangen

Steelcase has opened a CZK 600 million plant for office furniture in Panattoni Logistics Park in the Tachov district where it has hired 150 people thus far. Steelcase intends to double the plant's workforce by the end of 2015. The company could employ up to 1,000 people in the future. The whole production is gradually being moved to Ostrov u Stribra from the German plant of Durlangen which will be closed by the end of the year. The transfer of production will be made in eight waves and two have been completed thus far, quality manager Svatopluk Soukup remarked. Production in the new Czech plant will be faster, more effective and with improved quality than in Durlangen. Production capacity is higher already now. Furniture from Ostrov u Stribra targets the whole region of Europe, the Middle East and Africa (EMEA) since October 2014. In the new plant, Steelcase will produce mainly laminated containers.

Steelcase Declares Cash Dividend, Payable on or Before January 15, 2015

Steelcase has declared a cash dividend of $0.105 per share, unchanged from the previous quarter. The dividend is to be paid on or before January 15, 2015 to shareholders of record as of January 2, 2015.

Steelcase Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended November 28, 2014; Provides Earnings Guidance for the Fourth Quarter Ended February 27, 2015

Steelcase Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended November 28, 2014. For the quarter, the company reported revenue of $800.0 million, operating income of $18.7 million, income before income tax expense of $16.8 million and net income of $11.8 million or $0.09 per diluted share compared to revenue of $784.8 million, operating income of $39.3 million, income before income tax expense of $38.5 million and net income of $23.0 million or $0.18 per diluted share a year ago period. Adjusted operating income was $56.1 million against $53.9 million a year ago period. Diluted earnings per share, adjusted was $0.29 compared to $0.29 for the same period a year ago. Adjusted revenue was $711.1 million compared to $774.5 million for the same period a year ago. For the nine months, the company reported revenue of $2,309.8 million, operating income of $107.9 million, income before income tax expense of $104.8 million and net income of $63.3 million or $0.50 per diluted share compared to revenue of $2,209.5 million, operating income of $111.7 million, income before income tax expense of $102.6 million and net income of $63.8 million or $0.50 per diluted share a year ago period. Adjusted operating income was $142.0 million against $134.0 million a year ago period. Net cash provided by operating activities was $7.5 million against $97.0 million a year ago. Capital expenditures were $69.0 million against $51.9 million a year ago. For the fourth quarter ended February 27, 2015, the company expects to report diluted earnings between $0.16 to $0.20 per share for the fourth quarter of fiscal 2015. This estimate includes approximately $0.03 per share of restructuring costs. Adjusted for the estimated restructuring costs, the company expects to report adjusted earnings between $0.19 to $0.23 per share. The company expects fourth quarter fiscal 2015 revenue to be in the range of $760 to $785 million, which reflects expected organic revenue growth in the range of 7 to 10% over the prior year. Diluted earnings per share expects in between $0.16 to $0.20. Adjusted diluted earnings per share expects in between $0.19 to $0.23.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
SCS:US $16.75 USD -0.14

SCS Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Alere Inc $41.32 USD -0.085
CACI International Inc $88.00 USD -0.29
Diebold Inc $31.81 USD +0.76
HNI Corp $49.84 USD +0.38
ScanSource Inc $39.60 USD +0.41
View Industry Companies
 

Industry Analysis

SCS

Industry Average

Valuation SCS Industry Range
Price/Earnings 24.4x
Price/Sales 0.7x
Price/Book 3.1x
Price/Cash Flow 23.5x
TEV/Sales 0.5x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact STEELCASE INC-CL A, please visit www.steelcase.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.