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Aug 29
Steelcase Q2 2026 Earnings Report
Steelcase reported revenue and order growth in Q2 2026, supported by strong demand in the Americas and India but impacted by restructuring and merger-related costs.
Key Takeaways
Steelcase delivered Q2 2026 results with revenue growth of 5% to $897.1M, net income of $35M, and adjusted EPS of $0.45. Growth was driven by large corporate customers and India, while operating income declined due to restructuring and merger-related costs.
Revenue reached $897.1M, up 5% year-over-year.
Net income was $35M, with EPS of $0.29 and adjusted EPS of $0.45.
Operating income decreased to $53.1M due to restructuring and merger costs.
Orders grew 6%, driven by large corporate demand in the Americas.
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 & APAC Revenue
CapyFin.com Forward Guidance
Steelcase expects its merger with HNI to close by year-end 2025 and continues focusing on cost reduction initiatives and workplace demand recovery.
Positive Outlook
- Merger with HNI expected to close by end of 2025.
- Strong corporate demand in the Americas.
- Growth momentum in India and China.
- Adjusted operating income improved year-over-year.
- Ongoing cost reduction initiatives to support profitability.
Challenges Ahead
- Operating income declined due to restructuring and merger costs.
- International segment continues to operate at a loss.
- Tariff costs pressured gross margin.
- Weakness in education and government segments.
- Revenue declines in France and Germany.
Revenue & Expenses
Visualization of income flow from segment revenue to net income