Steelcase Inc., a global office furniture leader, posted revenue of $897.1 million for Q2 FY2026, up 5% from $855.8 million a year ago, driven by strong demand from large corporate clients in the Americas and growth in India, China, and the UK.
© Steelcase
- Net income: $35.0 million ($0.29 per share), down from $63.1 million ($0.53) last year
- Adjusted EPS: $0.45, up from $0.39
- Orders: +6% year-over-year
- Gross margin: 34.4%, stable despite tariffs and restructuring
Operationally, the company faced $11.9 million in restructuring costs and $7.1 million related to its pending $2.2B merger with HNI Corporation, expected to close by year-end.
CEO Sara Armbruster highlighted ongoing demand from corporate clients and Steelcase's focus on research-driven workplace solutions, while CFO Dave Sylvester noted cost reduction initiatives in international operations.
The board declared a $0.10 quarterly dividend, payable October 20, 2025.
Source: www.tradingview.com
