Steelcase sees Q1 adjusted EPS 13c-17c, consensus 12c

Sees Q1 gross margin 33%. Sees Q1 operating expenses $230M-$235M. Sees Q1 effective tax rate 27%. The company said, “The company expects to report earnings per share of between $0.10 to $0.14 for the first quarter of fiscal 2026 and adjusted earnings per share of between $0.13 to $0.17. The company reported earnings per share of $0.09 and adjusted earnings per share of $0.16 in the first quarter of fiscal 2025.”