Steelcase sees Q2 adjusted EPS 36c-40c, consensus 41c

Sees Q2 revenue $860M-$890M, consensus $878.73M. The company said, “At the end of the first quarter, the company’s backlog was approximately $801 million, which was 2 percent higher than the prior year. The company expects second quarter fiscal 2026 revenue to be in the range of $860 to $890 million. The company reported revenue of $855.8 million in the second quarter of fiscal 2025. The projected revenue range translates to approximately flat to growth of 4 percent, compared to the prior year, or approximately flat to growth of 3 percent on an organic basis. The company expects to report earnings per share of between $0.27 to $0.31 for the second quarter of fiscal 2026, which includes the impact of amortization of purchased intangible assets and projected restructuring costs, and adjusted earnings per share of between $0.36 to $0.40. The company reported earnings per share of $0.53 and adjusted earnings per share of $0.39 in the second quarter of fiscal 2025.”