The earnings call revealed a strong start to the fiscal year with significant revenue growth and positive momentum from large corporate customers, particularly in the Americas. New product launches received positive feedback. However, challenges in the education, government, and EMEA markets, along with tariff and inflationary pressures, present ongoing concerns. Overall, the company is navigating these challenges effectively.

Company Guidance -

Q2 2026

During the Steelcase First Quarter Fiscal 2026 Conference Call, the company reported a strong start to the fiscal year with a 7% revenue growth and a 25% increase in adjusted earnings per share to $0.20 compared to the previous year. The adjusted operating margin improved by 110 basis points to 5%, with the Americas segment achieving a 6.7% margin. Despite a less than 1% decline in total orders compared to the prior year, there was a 7% increase on a two-year stack basis. The International segment experienced mixed results, with declines in Germany and France offset by growth in India, the U.K., and China. Steelcase noted a decline in orders from education and government sectors due to changes in federal funding policies, while seeing growth from large corporate customers, especially in the technology sector. For the second quarter, the company anticipates revenue between $860 million and $890 million, with adjusted earnings per share projected to be between $0.36 and $0.40.

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.

Steelcase (SCS) Earnings, Revenues Date & History

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SCS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 17, 2025	2026 (Q2)	0.36 / -	0.39	―	―	―
Jun 27, 2025	2026 (Q1)	0.14 / 0.20	0.16	25.00% (+0.04)
Mar 26, 2025	2025 (Q4)	0.20 / 0.26	0.23	13.04% (+0.03)
Dec 18, 2024	2025 (Q3)	0.22 / 0.30	0.3	0.00% (0.00)
Sep 18, 2024	2025 (Q2)	0.37 / 0.39	0.31	25.81% (+0.08)
Jun 20, 2024	2025 (Q1)	0.10 / 0.16	0.09	77.78% (+0.07)
Mar 20, 2024	2024 (Q4)	0.21 / 0.23	0.19	21.05% (+0.04)
Dec 19, 2023	2024 (Q3)	0.23 / 0.30	0.2	50.00% (+0.10)
Sep 19, 2023	2024 (Q2)	0.20 / 0.31	0.21	47.62% (+0.10)
Jun 21, 2023	2024 (Q1)	0.01 / 0.09	-0.05	280.00% (+0.14)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SCS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jun 27, 2025	$10.39	$10.34	-0.48%
Mar 26, 2025	$10.41	$11.09	+6.53%
Dec 18, 2024	$12.13	$12.00	-1.07%
Sep 18, 2024	$13.63	$12.86	-5.65%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.