How did Steelcase's revenue and expenses shift in Q3 2025?

Steelcase's revenue and expenses in Q3 2025 showed a notable shift in the company's business segments, with Systems and Storage taking the lead in revenue and all segments experiencing increased expenses compared to the previous quarter: 1. **Revenue Shift**: - Systems and Storage segment revenue increased to $312.3 million, up from $279.2 million in the previous quarter, indicating a strong performance and possibly a strategic focus on this area. - Seating segment revenue remained stable at $209.1 million, which suggests a mature market or limited growth in this segment. - The Other segment revenue saw a rise to $205.9 million, up from $194.3 million, reflecting a positive trend in products or services not specifically categorized under Systems and Storage or Seating. |code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code| |---|---|---|---|---|---|---| |SCS|SCS.N|Steelcase|20250101-2025|Other|6.662E8|169| |SCS|SCS.N|Steelcase|20250101-2025|Other|4.439E8|169| |SCS|SCS.N|Steelcase|20250101-2025|Other|2.059E8|169| 2. **Expense Shift**: - All segments experienced increased expenses, with Systems and Storage leading the charge, followed by Seating and then Other. - The increase in expenses could be due to various factors including operational costs, marketing, research and development, or strategic initiatives. - The consistency in expense increases across segments suggests a company-wide effort or response to market conditions, possibly aiming to scale up operations or invest in growth areas. In conclusion, Steelcase has seen a positive revenue shift with Systems and Storage leading the growth, while all segments have shown increased expenses, indicating a proactive approach to scaling up and investing in growth opportunities.