Steelcase reported strong revenue growth and margin expansion, particularly in the Americas and among large corporate customers. However, challenges persist in international markets, particularly in Germany and France, alongside declines in the education and government sectors. The overall outlook remains cautiously optimistic, with strategic initiatives and restructuring efforts aimed at sustaining profitability.

Company Guidance

During the Steelcase First Quarter Fiscal 2026 Conference Call, the company provided several key metrics indicating a solid start to the fiscal year. The revenue increased by 7%, leading to a 25% rise in adjusted earnings per share to $0.20. The adjusted operating margin improved by 110 basis points to 5%, largely driven by a 6.7% margin in the Americas. Despite a less than 1% decline in total orders compared to the previous year, the company noted a 7% increase on a two-year stack basis. Importantly, the Americas saw continued order growth from large corporate customers, although this was partially offset by declines in the education and government sectors due to changes in federal funding policies. Internationally, growth was observed in markets such as India and China, despite declines in Germany and France. The company's strategic focus includes leading workplace transformation and expanding market reach, with a continued emphasis on profitability and reinvestment in the business. For the second quarter, Steelcase projected revenue between $860 million and $890 million and adjusted earnings per share between $0.36 and $0.40, maintaining a focus on navigating tariff and inflationary challenges while prioritizing strategic growth initiatives.

Strong Revenue Growth

Steelcase reported a 7% revenue growth in the first quarter, driven by strong performance in the Americas and large corporate customers.

Increase in Adjusted Earnings Per Share

The company achieved a 25% increase in adjusted earnings per share, reaching $0.20 compared to the prior year.

12th Consecutive Quarter of Gross Margin Expansion

Steelcase reported its 12th consecutive quarter of year-over-year gross margin expansion with a 110 basis point increase.

Positive Order Growth in Americas

The Americas saw continued order growth from large corporate customers, particularly in the technology sector.

Profitability in Asia Pacific

The Asia Pacific segment performed better than expected and was profitable for the quarter.

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.