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.

SCS Revenue By Business

Date	Business Composition	Revenue By Business
20250101-2025	Other	666.20M
20250101-2025	Other	443.90M
20250101-2025	Other	205.90M

Name
SteelcaseSCS
SteelcaseSCS
SteelcaseSCS

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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.