Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $17.17 USD
Change Today -0.46 / -2.61%
Volume 578.3K
SCS On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

steelcase inc-cl a (SCS) Snapshot

Open
$17.25
Previous Close
$17.63
Day High
$17.48
Day Low
$17.12
52 Week High
03/24/15 - $20.45
52 Week Low
10/10/14 - $15.13
Market Cap
2.1B
Average Volume 10 Days
574.0K
EPS TTM
$0.94
Shares Outstanding
90.2M
EX-Date
07/1/15
P/E TM
18.3x
Dividend
$0.45
Dividend Yield
2.53%
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 and distributors to create static whiteboards and chalkboards. In addition, it provides workplace strategy consulting, lease origination, furniture and asset management, and hosted space services. The company markets its products to corporate, government, healthcare, education, and retail customers under the Steelcase, Coalesse, Details, Designtex, PolyVision, and Turnstone brands. It 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: 04/16/15
Founded in 1912

steelcase inc-cl a (SCS) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $800.0K
Chief Administrative Officer, Senior Vice Pre...
Total Annual Compensation: $414.5K
Senior Vice President of Global Operations
Total Annual Compensation: $409.9K
Vice President of Strategy, Research & New Bu...
Total Annual Compensation: $410.0K
Compensation as of Fiscal Year 2015.

steelcase inc-cl a (SCS) Key Developments

Steelcase Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended May 29, 2015; Provides Earnings Guidance for the Second Quarter and Provides Capital Expenditure Guidance for the Fiscal 2016; Declares Cash Dividend, Payable on or Before July 15, 2015

Steelcase Inc. announced unaudited consolidated earnings results for the first quarter ended May 29, 2014. For the quarter, the company reported revenue was $705.5 million compared with $723.1 million a year ago. Operating income was $3.5 million compared with $36.4 million a year ago. Income before income tax expense was $31.5 million compared with $35.9 million a year ago. Net income was $20.0 million compared with $21.0 million a year ago. Basic and diluted earnings per share were $0.16 compared with $0.17 a year ago. Net cash used in operating activities was $35.8 million compared with $72.6 million a year ago. Capital expenditures was $24.2 million compared with $15.8 million a year ago. Adjusted diluted earnings per share were $0.17 against $0.12 a year ago. Adjusted earnings driven by lower than expected operating expenses, which more than offset the modest shortfall in organic revenue growth. Adjusted operating income was $35.4 million against $26.7 million a year ago. The improvement was driven by the Americas segment, which posted an adjusted operating margin of 10%, representing a 180 basis point improvement over the prior year, largely driven by lower cost of sales. For the second quarter of fiscal 2016, The company expects revenue to be in the range of $785 to $810 million, which reflects expected organic revenue growth of 3% to 6% over the prior year. Diluted earnings of between $0.27 to $0.31 per share for the second quarter of fiscal 2016.  This estimate includes approximately $0.03 per share of restructuring costs relating to previously announced restructuring projects. Adjusted earnings range of $0.30 to $0.34 per share. The board of directors of Steelcase Inc. has declared a cash dividend of $0.1125 per share, to be paid on or before July 15, 2015 to shareholders of record as of July 6, 2015. For the fiscal year 2016, the company estimates capital expenditures approximate $100 million, which is higher than normal targeted level of approximately 2.5% of sales, primarily due to payments related to the replacement aircraft.

Steelcase Inc., Annual General Meeting, Jul 15, 2015

Steelcase Inc., Annual General Meeting, Jul 15, 2015., at 11:00 Eastern Daylight. Agenda: To consider election of eleven nominees to the board of directors; to consider the advisory vote to approve named executive officer compensation; to consider the approval of the steelcase inc. incentive compensation plan; and to consider the ratification of independent registered public accounting firm.

Steelcase Inc., Q1 2016 Earnings Call, Jun 25, 2015

Steelcase Inc., Q1 2016 Earnings Call, Jun 25, 2015

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
SCS:US $17.17 USD -0.46

SCS Competitors

Market data is delayed at least 15 minutes.

Company Last Change
CACI International Inc $75.76 USD -2.66
Diebold Inc $29.91 USD -1.21
Herman Miller Inc $26.28 USD -0.83
HNI Corp $44.26 USD -2.48
ScanSource Inc $35.63 USD -2.57
View Industry Companies
 

Industry Analysis

SCS

Industry Average

Valuation SCS Industry Range
Price/Earnings 26.0x
Price/Sales 0.7x
Price/Book 3.2x
Price/Cash Flow 25.3x
TEV/Sales 0.6x
 | 

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.