The latest announcement is out from Steelcase ( (SCS) ).
Steelcase Inc. reported strong financial results in the second quarter of fiscal 2025, with significant increases in operating and adjusted operating income, an improved gross margin, and reinforced liquidity. The company experienced a 1% revenue increase in the Americas, offset by a 4% decrease in International markets, but overall saw organic revenue growth. The Americas segment saw order growth driven by government, education, and healthcare sectors, while International faced declines, except for the Indian market. Steelcase’s CEO highlighted the success of their diversification strategy and market share gains, projecting continued growth in the latter half of the year. The Board declared a quarterly dividend, and the company’s outlook remains positive, with an expected adjusted earnings per share increase for the fiscal year.
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