Steelcase reports Q4 adjusted EPS 26c, consensus 21c

Reports Q4 revenue $788M, consensus $790.9M. Orders grew 9%, driven by 12% broad-based growth in the Americas. “Our 12 percent order growth in the Americas was broad-based, driven by most of our customer segments, with especially strong growth from our large corporate and government customers,” said Sara Armbruster, president and CEO. “This was our sixth consecutive quarter of year-over-year order growth in the Americas, reflecting our continued gains in market share. With more organizations bringing their employees back to the office, we are well positioned to serve their needs with our innovative solutions.”