Strong Start to Fiscal 2026
The company delivered 7% revenue growth in Q1, driving a 25% increase in adjusted earnings per share to $0.20, and achieved a 5% adjusted operating margin, up 110 basis points from last year.
12th Consecutive Quarter of Gross Margin Expansion
Steelcase achieved year-over-year gross margin expansion for the 12th consecutive quarter, with a 170 basis point improvement in Q1.
Positive Momentum from Large Corporate Customers
Order growth in the Americas was driven by large corporate customers, particularly in the technology sector, offsetting declines from education and government sectors.
New Product Launches at Design Days
Introduced new innovative products, including the Jean Nouvel Seating Collection and the Ocular collection, receiving positive feedback from customers and architects.
Health Segment Growth
Orders and revenue from healthcare customers increased, driven by rising demand for healthcare services and more healthcare space.
Asia Pacific Performance
The Asia Pacific region performed better than expected, contributing positively to the international segment.