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Feb 28
Steelcase Q4 2025 Earnings Report
Steelcase reported higher revenue and net income in Q4 2025 compared to the prior year.
Key Takeaways
Steelcase posted Q4 2025 revenue of $788.0 million, a 2% increase year-over-year. Net income rose to $27.6 million with GAAP EPS of $0.23 and adjusted EPS of $0.26. Gross margin improved to 31.9%, driven by cost reductions. However, operating income declined due to higher expenses and weaker international performance.
Revenue grew 2% year-over-year to $788.0 million.
Net income increased to $27.6 million from $21.3 million in Q4 2024.
Gross margin improved to 31.9%, up 70 basis points.
Operating income dropped to $9.5 million from $25.7 million due to higher expenses.
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
Steelcase expects mid-single-digit organic revenue growth and modest operating margin expansion in FY2026.
Positive Outlook
- Q1 FY26 organic revenue growth expected between 5% and 9%.
- Q1 FY26 adjusted EPS projected between $0.13 and $0.17.
- Full-year FY26 outlook includes mid-single-digit order growth.
- Company expects benefits from pricing actions and beginning backlog.
- Gross margin in Q1 FY26 expected to improve to approximately 33%.
Challenges Ahead
- Q1 FY26 includes $9 million of higher tariff costs.
- Operating expenses projected to increase in FY26 due to strategic investments.
- International segment struggled with a Q4 loss of $6.3 million.
- Q4 revenue in International fell 7% year-over-year.
- Weaker demand levels from small and midsize businesses globally remain a challenge.