Office furniture supplier Steelcase Q2 revenue beats estimates

Steelcase

24/09/2025 21:14

Overview

Steelcase Q2 revenue grows 5%, beating analyst expectations, per LSEG data

Adjusted EPS beats analyst expectations, reflecting operational improvements, per LSEG data

Co entered merger agreement with HNI Corp in August, valued at $2.2 bln

Outlook

Company expects merger with HNI to close by end of 2025

Steelcase notes strong demand from large corporate customers

Company anticipates continued workplace investments by business leaders

Result Drivers

CORPORATE DEMAND - Strong growth from large corporate customers in the Americas drove revenue

INTERNATIONAL GROWTH - Revenue growth in International markets was led by India, offsetting declines in France and Germany

GROSS MARGIN STABILITY - Gross margin remained flat despite higher tariff and restructuring costs, aided by pricing benefits and cost reductions

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$897.10 mln
$873.70 mln (4 Analysts)
Q2 Adjusted EPS
Beat
$0.45
$0.36 (4 Analysts)
Q2 EPS
$0.29
Q2 Net Income
$35 mln
Q2 Gross Margin
34.4%
Q2 Adjusted EBIT
Beat
$75.30 mln
$66.50 mln (2 Analysts)

Press Release: ID:nGNX96pJnK

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)