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Steelcase Inc (SCS.N)

SCS.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Steelcase Says On July 12, Entered Into Amendment To Credit Agreement Dated Sept 23, 2016
12:24am IST 

July 16 (Reuters) - Steelcase Inc ::STEELCASE SAYS ON JULY 12, CO & THE OTHER PARTIES TO SEPT 23, 2016 CREDIT AGREEMENT ENTERED INTO AMENDMENT NO. 1 TO THE CREDIT AGREEMENT - SEC FILING.STEELCASE - AMENDMENT NO. 1 TO CREDIT AGREEMENT INCREASED AGGREGATE UNSECURED REVOLVING LOAN COMMITMENT UNDER CREDIT AGREEMENT TO $200 MILLION.  Full Article

Steelcase Reports Q1 Earnings Per Share $0.14
Thursday, 21 Jun 2018 

June 20 (Reuters) - Steelcase Inc ::STEELCASE REPORTS FIRST QUARTER FISCAL 2019 RESULTS.SEES Q2 2019 EARNINGS PER SHARE $0.28 TO $0.33.Q1 EARNINGS PER SHARE $0.14.Q1 REVENUE $754 MILLION VERSUS I/B/E/S VIEW $754.2 MILLION.Q1 EARNINGS PER SHARE VIEW $0.14 -- THOMSON REUTERS I/B/E/S.SEES Q2 2019 REVENUE $865 MILLION TO $890 MILLION.OUTLOOK FOR Q2 PROJECTS STRONG ORGANIC REVENUE GROWTH.EARNINGS ACCRETION FROM ANTICIPATED ACQUISITION OF SMITH SYSTEM IS EXPECTED TO BE MODEST.STEELCASE-MANY OF SAME FACTORS THAT NEGATIVELY IMPACTED YOY COMPARISONS OF GROSS MARGIN IN AMERICAS,ASIA PACIFIC IN Q1 TO ALSO IMPACT Q2 GROSS MARGIN COMPARISONS.STEELCASE - ADJUSTED FOR FAVORABLE CURRENCY TRANSLATION EFFECTS, IMPACT OF ACQUISITIONS AND DIVESTITURES, SEES Q2 ORGANIC REVENUE GROWTH OF 6 TO 9 PERCENT.ORDERS GREW 5 PERCENT IN Q1 COMPARED TO PRIOR YEAR, WITH 6 PERCENT GROWTH IN AMERICAS & 7 PERCENT GROWTH IN EMEA."EXPECT COMMODITY COST INCREASES TO CONTINUE PRESSURING OUR GROSS MARGIN FOR ANOTHER QUARTER OR TWO".Q2 EARNINGS PER SHARE VIEW $0.28 -- THOMSON REUTERS I/B/E/S.  Full Article

Steelcase To Acquire Smith System Manufacturing Co
Friday, 8 Jun 2018 

June 8 (Reuters) - Steelcase Inc ::STEELCASE TO ACQUIRE SMITH SYSTEM, INDUSTRY LEADER IN PREK-12 EDUCATION MARKET.STEELCASE INC - SMITH SYSTEM WILL OPERATE AS AN INDEPENDENT SUBSIDIARY UNDER ITS OWN BRAND.STEELCASE - SIGNED A DEFINITIVE DEAL TO BUY SMITH SYSTEM MANUFACTURING COMPANY.  Full Article

Steelcase Q3 Earnings Per Share $0.22
Wednesday, 20 Dec 2017 

Dec 19 (Reuters) - Steelcase Inc ::STEELCASE REPORTS THIRD QUARTER RESULTS.SEES Q4 2018 EARNINGS PER SHARE $0.14 TO $0.18.Q3 EARNINGS PER SHARE $0.22.Q3 REVENUE $772.1 MILLION VERSUS I/B/E/S VIEW $799.9 MILLION.Q3 EARNINGS PER SHARE VIEW $0.23 -- THOMSON REUTERS I/B/E/S.SEES Q4 2018 REVENUE $740 MILLION TO $765 MILLION.SAYS ‍BACKLOG AT END OF QUARTER IN AMERICAS WAS APPROXIMATELY 7 PERCENT LOWER THAN PRIOR YEAR​.SAYS ‍BACKLOG IN EMEA AT END OF QUARTER WAS APPROXIMATELY 4 PERCENT LOWER THAN PRIOR YEAR​.  Full Article

Steelcase Sees Q3 Earnings Per Share $0.22
Friday, 8 Dec 2017 

Dec 7 (Reuters) - Steelcase Inc ::STEELCASE REPORTS PRELIMINARY THIRD QUARTER RESULTS.SEES Q3 EARNINGS PER SHARE $0.22 .SEES Q3 REVENUE $772 MILLION .  Full Article

Steelcase Announces Definitive Agreement To Acquire AMQ Solutions
Tuesday, 28 Nov 2017 

Nov 28 (Reuters) - Steelcase Inc ::STEELCASE ANNOUNCES DEFINITIVE AGREEMENT TO ACQUIRE AMQ SOLUTIONS.STEELCASE - ENTERED INTO AGREEMENTS TO PURCHASE ALL MEMBERSHIP INTERESTS OF AMQ, CERTAIN ASSETS OF AN AFFILIATED CO IN AN ALL CASH TRANSACTION​.  Full Article

Steelcase says entered into a $125 million committed 5-year unsecured revolving syndicated credit facility
Thursday, 29 Sep 2016 

Steelcase Inc : Says entered into a $125 mln committed 5-year unsecured revolving syndicated credit facility on September 23 . May increase aggregate commitment under new facility by up to $75 million by obtaining at least one commitment from one of more lenders-SEC filing .New facility amends and restates Steelcase’s previous unsecured syndicated credit facility that was scheduled to expire in March 2017.  Full Article