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Feb 24, 2023
Steelcase Q4 2023 Earnings Report
Reported fourth quarter results with revenue of $801.7 million and EPS of $0.13.
Key Takeaways
Steelcase reported a strong fourth quarter with revenue increasing by 6% to $801.7 million and net income of $15.7 million, or $0.13 per share. Adjusted earnings per share were $0.19. The Americas saw significant growth, driving overall profitability.
Revenue increased 6 percent compared to the prior year, driven by 14 percent growth in the Americas.
Operating income increased by $26.6 million compared to the prior year.
Gross margin improved by 370 basis points compared to the prior year, reflecting pricing benefits in the Americas.
Orders declined 8 percent compared to the prior year.
Steelcase
Steelcase
Steelcase Revenue by Segment
Steelcase Revenue by Geographic Location
Revenue by Segment
Americas Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comEMEA Revenue
CapyFin.com Forward Guidance
The company expects first quarter fiscal 2024 revenue to be in the range of $710 to $735 million and expects to report earnings (loss) per share of between ($0.02) to $0.02 for the first quarter of fiscal 2024 and adjusted earnings per share of between $0.01 to $0.05.