Steelcase reports Q1 adjusted EPS 20c, consensus 13c

Reports Q1 revenue $779M, consensus $759.9M. “Our first quarter results were a great start to the year,” said Sara Armbruster, president and CEO. “We delivered strong revenue growth, led by our large corporate customers who are investing to reimagine their workplaces. As organizations bring people together in new ways, they are turning to Steelcase (SCS) to create spaces that support connection, creativity and performance. While external factors are impacting a few parts of our business, the majority of our businesses and geographies are performing well. We remain confident in our strategy and focused on delivering value to our customers.”