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May 30
Steelcase Q1 2026 Earnings Report
Steelcase posted solid first quarter results with strong revenue and income growth driven by large corporate customers in the Americas.
Key Takeaways
Steelcase delivered revenue and profit growth in Q1 FY26, with a significant boost in operating income and strong corporate demand in the Americas segment. International performance lagged, affected by lower demand in Germany and France.
Revenue grew to $779M, up from $727.3M last year
Net income increased to $13.6M from $10.9M
Adjusted EPS rose to $0.20, up from $0.16
Americas led growth, while International saw mixed results
Steelcase
Steelcase
Steelcase Revenue by Segment
Steelcase Revenue by Geographic Location
Revenue by Segment
Americas Revenue
CapyFin.comInternational Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comEMEA Revenue
CapyFin.com Forward Guidance
Steelcase projects flat to modest revenue growth in Q2 FY26, with steady adjusted earnings and margin pressures due to tariffs and inflation.
Positive Outlook
- Backlog up 2% year-over-year
- Expected Q2 revenue between $860M and $890M
- Adj. EPS guidance of $0.36 to $0.40
- Pricing expected to offset tariff/inflation costs
- Strong customer engagement from corporate clients
Challenges Ahead
- Flat to +3% organic revenue growth projected
- Tariff and inflation impacts expected around $20M
- International segment under margin pressure
- Operating expenses expected to remain elevated
- Restructuring actions in Europe signal macro weakness
Revenue & Expenses
Visualization of income flow from segment revenue to net income