What is Steelcase's latest dividend and current dividend yield?

What is Steelcase's gross profit margin?

What were the key takeaways from Steelcase's earnings call?

Did Steelcase beat or miss consensus estimates last quarter?

What is the revenue and EPS growth rate for Steelcase year over year?

What guidance did Steelcase's management provide for the next earnings period?

What factors drove the changes in Steelcase's revenue and profit?

What is the market's earnings forecast for Steelcase next quarter?

- **Q2 Highlights**: Revenue $897 million (+5% YoY), Adjusted EPS $0.45, driven by Americas (8% order growth) and International (13% revenue, 8% organic). 
- **Strategic Merger**: Pending HNI combination to expand market reach and workplace solutions.
- **Profitability**: 8.4% adjusted operating margin, up 40bps YoY. Americas at 11%, International improved $5M via cost cuts.
- **Key Drivers**: Large corporate investments in office transformation, India/China growth offsetting EMEA weakness.
- **Tariff Response**: Pricing actions offset inflation, with ongoing efforts for full margin recovery.


**【CEO Summary Section】**
- **Revenue Growth**: Q2 revenue of $897 million, up 5% year-over-year, driven by 8% growth in the Americas and 13% in International (8% organic). Key contributors included large corporate customers in financial services and technology sectors, as well as strong performance in India and China.
- **Profitability**: Adjusted operating margin of 8.4%, up 40 basis points from prior year, with the Americas segment at 11.0% and International segment improving by $5 million due to cost reductions.
- **Strategic Initiatives**: Proposed merger with HNI expected to enhance market reach and combine leading workplace brands. Restructuring efforts in EMEA continue, with $10 million in costs for employee exits.
- **Order Trends**: Q2 orders grew 6% (8% in Americas, 1% decline in International), with project orders outpacing continuing business, reflecting focus on office space transformation.

**【CFO Financial Commentary】**
- **Financial Performance**: GAAP net income of $42 million, Non-GAAP EPS of $0.45, exceeding expectations. Adjusted EBITDA of $278 million (8.5% of revenue) supported by strong cash flow and cost control.
- **Liquidity and Debt**: Total liquidity of $427 million, total debt $447 million. Cash and investments increased by $32 million, driven by EBITDA and seasonal AR growth.
- **Tariff and Inflation**: Pricing actions offset year-over-year inflation and tariffs, with ongoing efforts to achieve cumulative margin recovery.

**【Q&A Highlights】**
- **Revenue Mix**: Americas growth (8%) driven by volume rather than pricing. International challenges in Germany/France offset by India/Japan strength.
- **Profitability by Region**: Asia Pacific showing improvement, EMEA benefiting from cost reductions despite macro challenges. U.S. education sector decline due to federal funding changes.
- **Customer Trends**: Large corporate customers investing in office space redesign for collaboration and creativity. Project orders indicate focus on new or renovated spaces.
- **Tariff Impact**: Pricing adjustments offset inflation/tariffs, but full margin recovery pending future quarters.


Steelcase Inc. (SCS) Q2 2026 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

SCS

SCS fundamentals

You can ask Aime