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May 24, 2024

Steelcase Q1 2025 Earnings Report

Steelcase's first quarter results reflected higher than expected adjusted earnings improvement and order growth in the Americas.

Key Takeaways

Steelcase reported first quarter revenue of $727.3 million, net income of $10.9 million, or $0.09 per share, and adjusted earnings per share of $0.16. Orders (adjusted for the impact of a divestiture and currency translation effects) grew 8 percent in the first quarter compared to the prior year, including 10 percent growth in the Americas and 2 percent growth in International.

First quarter revenue was $727.3 million.

Net income was $10.9 million, or $0.09 per share.

Adjusted earnings per share were $0.16.

Orders grew 8% compared to the prior year.

Total Revenue
$727M
Previous year: $752M
-3.3%
EPS
$0.16
Previous year: $0.09
+77.8%
Gross Profit
$241M
Previous year: $235M
+2.9%
Cash and Equivalents
$209M
Previous year: $40.2M
+419.7%
Free Cash Flow
-$71.2M
Previous year: -$400K
+17700.0%
Total Assets
$2.13B
Previous year: $2.13B
+0.1%

Steelcase

Steelcase

Forward Guidance

The company expects second quarter fiscal 2025 revenue to be in the range of $850 to $875 million and expects to report earnings per share of between $0.33 to $0.37 for the second quarter of fiscal 2025 and adjusted earnings per share of between $0.36 to $0.40.