•
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
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income