Steelcase Inc. (NYSE: SCS) has reported first-quarter fiscal 2026 results that exceeded expectations, showcasing a significant 7% year-over-year revenue increase to $779 million. This performance not only surpassed the company's own forecast of $760 million but also exceeded the Street consensus of $762 million. The company's gross margin saw an improvement, reaching 33.9%, which was above the guided expectations. Adjusted earnings per share (EPS) stood at $0.20, outperforming Noble's estimate of $0.14 and the consensus of $0.13.
The strong results were primarily driven by robust demand in the Americas, particularly among corporate, government, and healthcare customers. Despite a slight overall dip in orders, with a 1% growth internationally offset by a 1% decline in the Americas, the company's performance highlights its resilience and ability to capitalize on key market segments.
Looking ahead, Steelcase anticipates revenue growth to be flat or up to 4% in the second quarter of fiscal 2026, with adjusted EPS expected to range between $0.36 and $0.40. These projections reflect the company's confidence in its operational efficiency and market position. Further details on the quarterly performance and future outlook will be discussed during Steelcase's earnings call.
For investors and stakeholders seeking in-depth analysis, the full report is accessible here. This report provides a comprehensive overview of Steelcase's financial health and strategic direction, offering valuable insights into its potential for sustained growth in a competitive industry.
