Steelcase ( (SCS) ) has released its Q4 earnings. Here is a breakdown of the information Steelcase presented to its investors.
Steelcase Inc., a global leader in the design and manufacture of furniture and architectural products, primarily serves corporate, government, education, healthcare, and retail customers. The company operates in the Americas and International markets, offering innovative solutions to enhance work environments.
In its latest earnings report, Steelcase announced a 2% increase in fourth-quarter revenue compared to the previous year, reaching $788 million. The company also reported a net income of $27.6 million, or $0.23 per share, with adjusted earnings per share of $0.26. The growth was primarily driven by a 12% increase in orders in the Americas, despite a decline in international markets.
Key financial highlights include a 4% growth in orders for fiscal 2025, with a 6% increase in the Americas. The gross margin improved by 110 basis points, and the operating income margin reached 5.0%, an improvement of 130 basis points from the prior year. Steelcase also returned $84 million to shareholders and strengthened its total liquidity by $73 million.
Looking ahead, Steelcase targets mid-single-digit organic revenue growth and modest adjusted operating margin expansion for fiscal 2026. The company remains focused on executing its strategy and fulfilling its purpose of helping the world work better, while navigating near-term uncertainties in the global market.