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Aug 26, 2022
Steelcase Q2 2023 Earnings Report
Reported second quarter revenue with increased gross margin.
Key Takeaways
Steelcase reported second quarter revenue of $863.3 million, net income of $19.6 million, or $0.17 per share, and adjusted earnings per share of $0.21. The company's gross margin increased by 60 basis points compared to the prior year.
Second quarter revenue reached $863.3 million.
Net income was reported at $19.6 million, or $0.17 per share.
Adjusted earnings per share were $0.21.
Gross margin increased by 60 basis points compared to the prior year.
Forward Guidance
The company expects third quarter fiscal 2023 revenue to be in the range of $825 to $850 million and expects to report earnings per share of between $0.08 to $0.12 for the third quarter of fiscal 2023 and adjusted earnings per share of between $0.17 to $0.21.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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