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SCS
Steelcase, Inc.
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Market cap $774.82M
Enterprise value $1.38B
Revenue $3.160B
EBITDA $237.400M
Income $81.100M
Revenue Q/Q -3.31%
Revenue Y/Y -2.26%
P/E 18.51
Forward P/E 16.16
EV/Sales 0.44
EV/EBITDA 5.83
EV/EBIT 10.40
PEG 1.77
Price/Sales 0.25
P/FCF 2.75
Price/Book 0.87
Book/Share 14.41
Cash/Share 5.18
FCF yield 40.14%
Employees 8,143
RPE $388.014k
Volume 802.989k / 1.577M
Relative vol. 0.51 ×
EPS 0.68
EPS Q/Q 0.00%
Est. EPS Q/Q 125.00%
Profit margin 2.57%
Oper. margin 3.73%
Gross margin 32.04%
EBIT margin 4.21%
EBITDA margin 7.51%
Ret. on assets 3.68%
Ret. on equity 9.42%
ROIC 5.99%
ROCE 8.16%
Debt/Equity 1.52
Net debt/EBITDA 7.57
Current ratio 1.58
Quick ratio 1.20
Volatility 2.76%
Beta 0.91
RSI 45.86
Range $12.42 – $12.65
52 weeks $7.10 – $14.54
SMA 50 $13 -2.81%
SMA 200 $13 -1.76%
1 year target $15 +19.14%
Mean Recomm. 2.00
Insider ownership N/A
Inst. ownership N/A
Shares outst. 93.840M
Shares float 0.000 0.00%
Short % of float 4.62%
Short ratio 2.69
1 year target $15 +19.14%
Mean Recomm. 2.00
Dividend $0.40
Dividend yield 3.20%
Payout ratio 58.82%
Payment date N/A
Ex-dividend date N/A
Earnings date 19 Jun 2024
IPO year 1998
Country United States
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Recent Steelcase news
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Wednesday, 20 March 2024
 
gurufocus
 Steelcase Inc Reports Robust Earnings Growth in Fiscal 2024
Friday, 22 December 2023
 
zacks
 Steelcase Inc. Hit a 52 Week High, Can the Run Continue?
Wednesday, 20 December 2023
 
barrons
 These Stocks Are Moving the Most Today: FedEx, Steelcase, Lowe’s, General Mills, Micron, and More
Friday, 15 December 2023
 
investors
 FedEx, Nike, Micron And A Stocking Stuffer For The Fed: Investing Action Plan
Friday, 23 September 2022
 
gurufocus
 Steelcase: A Quality Furniture Company Facing Headwinds
Thursday, 22 September 2022
 
fool
 Why Steelcase Stock Swooned by 10% Today
Wednesday, 21 September 2022
 
marketwatch
 Steelcase plans job cuts on 'lower-than-expected return-to-office trends'
Sunday, 26 June 2022
 
nasdaq
 Steelcase Has Announced A Dividend Of US$0.14
Tuesday, 10 May 2022
 
insidermonkey
 10 Return-to-Office Stocks to Buy in 2022
Friday, 29 April 2022
 
nasdaq
 Steelcase's Returns On Capital Not Reflecting Well On The Business
Tuesday, 25 January 2022
 
gurufocus
 Foster & Motley Inc Buys Vanguard Ultra-Short Bond ETF, NetApp Inc, Williams-Sonoma Inc, ...
Friday, 17 December 2021
 
insidermonkey
 10 Stocks On Investors’ Radar After Posting Their Financial Results
Monday, 13 December 2021
 
fool
 3 Stocks to Avoid This Week
Monday, 23 August 2021
 
fool
 3 Stocks to Buy With Dividends Yielding More Than 4%
Tuesday, 23 February 2021
 
yahoo
 Steelcase's Allan Smith on work from home office trends
Monday, 1 February 2021
 
moodys
 Steelcase Inc. -- Moody's announces completion of a periodic review of ratings of Steelcase Inc.
Friday, 29 January 2021
 
yahoo
 Steelcase Inc. -- Moody's affirms Steelcase's senior unsecured ratings at Baa2; outlook is changed to negative
Wednesday, 20 January 2021
 
qz
 A global survey of 32,000 workers reveals the biggest concerns about returning to the office
Saturday, 19 December 2020
 
yahoo
 Is SCS A Good Stock To Buy Now According To Hedge Funds?
Wednesday, 23 September 2020
 
fool
 Why Steelcase Stock Sank 11% on Wednesday
Thursday, 17 September 2020
 
fool
 Why Steelcase Stock Jumped as Much as 15% Today
Tuesday, 1 September 2020
 
marketwatch
 Steelcase announces permanent job cuts and restoration of pay to salaried workers, executives and board
Friday, 28 August 2020
 
yahoo
 Earnings Working Against Steelcase Inc.'s Share Price
Tuesday, 18 August 2020
 
in.reuters
 Work-from-home boom is a bust for big office furniture makers
Tuesday, 4 August 2020
 
gurufocus
 Ford Shares Accelerate as CEO Announces Retirement
Friday, 17 July 2020
 
yahoo
 Did Hedge Funds Make The Right Call On Steelcase Inc. ?
Wednesday, 1 July 2020
 
fool
 Why Steelcase Stock Fell Today
Tuesday, 26 May 2020
 
reuters
 Steelcase recalls furloughed workers globally, eases pay restrictions
marketwatch
 Steelcase recalls most of furloughed manufacturing workers
Tuesday, 21 April 2020
 
yahoo
 Is Steelcase Inc. A Volatile Stock?
Saturday, 28 March 2020
 
insidermonkey
 Hedge Funds Have Never Been This Bullish On Steelcase Inc.
Thursday, 26 March 2020
 
yahoo
 Results: Steelcase Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates
Thursday, 6 February 2020
 
yahoo
 An Intrinsic Calculation For Steelcase Inc. Suggests It's 33% Undervalued

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Notable SEC filings of Steelcase, Inc.
All filings Last yearly filing Filter

10-K 12 Apr 2024 Yearly report
8-K 20 Mar 2024 Results of Operations and Financial Condition; Regulation FD Disclosure; Financial Statements and Exhibits
8-K 21 Feb 2024 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compens...
8-K 7 Feb 2024 Entry into a Material Definitive Agreement; Termination of a Material Definitive Agreement; Financial State...
10-Q 20 Dec 2023 Quarterly report
8-K 19 Dec 2023 Results of Operations and Financial Condition; Regulation FD Disclosure; Financial Statements and Exhibits
8-K 30 Oct 2023 Other Events
10-Q 22 Sep 2023 Quarterly report
8-K 22 Sep 2023 Other Events; Financial Statements and Exhibits
8-K 19 Sep 2023 Results of Operations and Financial Condition; Regulation FD Disclosure; Financial Statements and Exhibits
8-K 16 Aug 2023 Regulation FD Disclosure; Financial Statements and Exhibits
All SEC filings Last yearly filing Filter filings

Recent call transcripts of Steelcase, Inc.

Q1 2020
21 June 2019 		CEO Jim Keane on Q1 2020 Results - Earnings Call Transcript
Q4 2019
20 March 2019 		CEO James Keane on Q4 2019 Results - Earnings Call Transcript
Q4 2019
20 March 2019 		Q4 2019 Earnings Conference Call Transcript
Q3 2019
19 December 2018 		CEO James Keane on Q3 2019 Results - Earnings Call Transcript
Q3 2019
19 December 2018 		Q3 2019 Earnings Conference Call Transcript
Q2 2019
21 September 2018 		CEO James Keane on Q2 2019 Results - Earnings Call Transcript
Q1 2019
22 June 2018 		Q1 2019 Earnings Conference Call Transcript
Q1 2019
21 June 2018 		CEO James Keane on Q1 2019 Results - Earnings Call Transcript
Q4 2018
22 March 2018 		Q4 2018 Earnings Conference Call Transcript
Q4 2018
21 March 2018 		CEO Jim Keane on Q4 2018 Results - Earnings Call Transcript
Q3 2018
20 December 2017 		CEO Jim Keane on Q3 2018 Results - Earnings Call Transcript
All call transcripts

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Overall analyst rating

Price target

Current $13.18
Average $15.00
 Low $15 High $15

Dividends

Ex-dividend date N/A Frequency Quarterly Annual dividend -38.78%
Next dividend N/A Dividend yield 3.20% Growth period N/A
Last dividend date Yield 3 years 4.12% Growth 3 years -6.75%
Last dividend Yield 5 years 3.93% Growth 5 years -11.09%

Steelcase dividend history

Steelcase executives

Insider Age Since Compensation
James Keane (60) President, Chief Executive Officer, and Director since 2014 60 2014 $7,785,190
David Sylvester (55) Chief Financial Officer and Senior Vice President since 2011 55 2011 $2,793,140
Sara Armbruster (49) Vice President - Strategy, Research, and Digital Transformation since 2018 49 2018 $1,968,230
Lizbeth O'Shaughnessy (58) Senior Vice President, Chief Administrative Officer, General Counsel, and Secretary since 2014 58 2014 $1,875,080
Allan Smith (52) Vice President - Global Marketing since 2013 52 2013 $1,621,440
Robert Krestakos (58) Vice President - Global Operations since 2015 58 2015 $1,152,240
David C. Sylvester (56) CFO and Sr. VP 56 $1,024,478
Eddy Schmitt (48) Senior Vice President - Americas since 2014 48 2014 $930,022
Lizbeth S. O'Shaughnessy (59) Chief Admin. Officer, Sr. VP, Gen. Counsel, and Sec. 59 $784,759
Sara E. Armbruster (50) Pres, CEO, and Director 50 $688,982
Allan W. Smith Jr. (53) Sr. VP and Chief Revenue Officer 53 $603,658
Robert Pew (69) Non-Executive Independent Chairman of the Board since 2003 69 2003 $320,758
Lawrence Blanford (66) Independent Director since 2016 66 2016 $241,564
Peter Wege (71) Independent Director since 1979 71 1979 $229,106
Cathy Ross (62) Independent Director since 2006 62 2006 $221,122
Timothy Brown (57) Independent Director since 2018 57 2018 $211,321
Connie Duckworth (65) Independent Director since 2010 65 2010 $210,000
Kate Wolters (62) Independent Director since 2001 62 2001 $207,744
Todd Kelsey (55) Independent Director since 2017 55 2017 $206,328
Jennifer Niemann (51) Director since 2017 51 2017 $201,321
Catherine Schmetler (51) Independent Director since 2019 51 2019 $50,000
Linda Williams 2020
Mike O'Meara
Donna Flynn (52) Vice President - Global Talent Management since 2020 52 2020
James Ludwig (56) Vice President - Global Design and Product Engineering since 2014 56 2014
Guillaume Alvarez (60) Senior Vice President - EMEA since 2014 60 2014
Ulrich Gwinner (58) President and Asia Pacific since 2014 58 2014
Guillaume M. Alvarez (61) Sr. VP of EMEA 61
Ulrich Hans Eberhard Gwinner (57) Pres of Asia Pacific 57
Michael O'Meara
Steve Douglas Miller
Robin L. Zondervan (41) VP, Corp. Controller, and Chief Accounting Officer 41
Robert G. Krestakos (59) VP of Global Operations 59

Comparable companies
Compare more metrics   Compare with other companies

Company Market cap P/E EV/EBITDA P/S P/B P/FCF Change
SCS
Steelcase, Inc.
$774.82M 18.51 5.83 0.25 0.87 2.75 +0.72%
HNI
HNI Corp.
$1.19B 31.22 9.99 0.47 1.56 6.76 +0.05%
PBI
Pitney Bowes, Inc.
$704.26M N/A 9.16 0.22 -1.91 56.39 -1.41%
ACCO
Acco Brands Corporation
$532.57M N/A 6.66 0.30 0.68 3.21 -1.05%
KEQU
Kewaunee Scientific Corporation
$46.33M 11.98 N/A 0.23 1.24 3.80 -8.08%
Compare more metrics Compare with other companies

Steelcase, Inc. steelcase.com/

steelcase helps leading organizations – in business, healthcare and education – create the places that can unlock the promise of their people. recognized as one of the world's most admired companies by fortune magazine!

  • Industrials > Electrical Components & Equipment
  • Steelcase, Inc., 901 44th Street SE, Grand Rapids 49508, United States
  • 616 247 2710
  • Investor relations

Dividends

Ex-dividend date N/A Frequency Quarterly Annual dividend -38.78%
Next dividend N/A Dividend yield 3.20% Growth period N/A
Last dividend date Yield 3 years 4.12% Growth 3 years -6.75%
Last dividend Yield 5 years 3.93% Growth 5 years -11.09%

Steelcase dividend history

Quarterly EPS estimates

Profit margin

Debt to assets

Cash flow

Balance sheet

XSLX
XSLX
(in millions USD) 31 Mar 2024 31 Dec 2023 30 Sep 2023 30 Jun 2023
Current assets
Cash $318.6 $262 $153.6 $40.2
Short term investments
Net receivables $338.3 $354.5 $372.9 $363.3
Inventory $231 $259.8 $271 $307.3
Total current assets $959.4 $968.8 $901.2 $815.9
Long term investments $55.7 $52.6 $54.6 $51.4
Property, plant & equipment $521.5 $533.9 $549.2 $566.6
Goodwill & intangible assets $369.4 $373.7 $381 $384.5
Total noncurrent assets $1,277.3 $1,278.1 $1,297.4 $1,309.6
Total investments $55.7 $52.6 $54.6 $51.4
Total assets $2,236.7 $2,246.9 $2,198.6 $2,125.5
Current liabilities
Accounts payable $211.3 $231.6 $227 $215.3
Deferred revenue
Short long term debt $45.1 $45 $52.5 $46.8
Total current liabilities $607.1 $630.6 $589.9 $533.6
Long term debt $584.9 $588.2 $598.9 $609.2
Total noncurrent liabilities $742.5 $740.4 $755.6 $762.8
Total debt $630 $633.2 $651.4 $656
Total liabilities $1,349.6 $1,371 $1,345.5 $1,296.4
Stockholders' equity
Retained earnings $912.8 $903.4 $884.4 $868.7
Other stockholder equity -$66.9 -$64.8 -$65.9 -$69.7
Total stockholder equity $887.1 $875.9 $853.1 $829.1
(in millions USD) 2024 2023 2022
Current assets
Cash $318.6 $90.4 $200.9
Short term investments
Net receivables $338.3 $373.3 $340.4
Inventory $231 $319.7 $326.2
Total current assets $959.4 $884 $959.2
Long term investments $55.7 $51.1 $53.1
Property, plant & equipment $521.5 $574.8 $602.6
Goodwill & intangible assets $369.4 $388 $328.3
Total noncurrent assets $1,277.3 $1,318.8 $1,301.8
Total investments $55.7 $51.1 $53.1
Total assets $2,236.7 $2,202.8 $2,261
Current liabilities
Accounts payable $211.3 $203.5 $243.6
Deferred revenue
Short long term debt $45.1 $80.4 $49.3
Total current liabilities $607.1 $603.3 $567.2
Long term debt $584.9 $615.4 $659.6
Total noncurrent liabilities $742.5 $773.3 $841.6
Total debt $630 $695.8 $708.9
Total liabilities $1,349.6 $1,376.6 $1,408.8
Stockholders' equity
Retained earnings $912.8 $879.3 $901.3
Other stockholder equity -$66.9 -$72.5 -$50.6
Total stockholder equity $887.1 $826.2 $852.2

Income statement

XSLX
XSLX
(in millions USD) 31 Mar 2024 31 Dec 2023 30 Sep 2023 30 Jun 2023
Revenue
Total revenue $775.2 $777.9 $854.6 $751.9
Cost of revenue $533.1 $525.6 $571.2 $517.3
Gross profit $242.1 $252.3 $283.4 $234.6
Operating activities
Research & development
Selling, general & administrative $213.5 $206.5 $235.9 $220.6
Total operating expenses $216.4 $208.5 $242.4 $227.3
Operating income $25.7 $43.8 $41 $7.3
Income from continuing operations
EBIT $32.9 $47 $43.6 $9.5
Income tax expense $5.3 $9.8 $9.5 $1.4
Interest expense $6.3 $6.4 $6.6 $6.6
Net income
Net income $21.3 $30.8 $27.5 $1.5
Income (for common shares) $21.3 $30.8 $27.5 $1.5
(in millions USD) 2024 2023 2022
Revenue
Total revenue $3,159.6 $3,232.6 $2,772.7
Cost of revenue $2,147.2 $2,313.2 $2,011.2
Gross profit $1,012.4 $919.4 $761.5
Operating activities
Research & development
Selling, general & administrative $876.5 $837.2 $741.4
Total operating expenses $894.6 $853.9 $741.4
Operating income $117.8 $65.5 $20.1
Income from continuing operations
EBIT $133 $80 $27.3
Income tax expense $26 $16.3 -$2.4
Interest expense $25.9 $28.4 $25.7
Net income
Net income $81.1 $35.3 $4
Income (for common shares) $81.1 $35.3 $4

Cash flows

XSLX
XSLX
(in millions USD) 31 Mar 2024 31 Dec 2023 30 Sep 2023 30 Jun 2023
Net income $21.3 $30.8 $27.5 $1.5
Operating activities
Depreciation $20.8 $21.1 $21.3 $20.4
Business acquisitions & disposals
Stock-based compensation $3.9 $3.6 $4.5 $14
Total cash flows from operations $57.4 $120.1 $119.9 $11.3
Investing activities
Capital expenditures $11.5 -$0.6 $3.1 -$11.7
Investments
Total cash flows from investing $11.3 $4.7 $1.3 -$11.2
Financing activities
Dividends paid -$11.9 -$11.8 -$11.8 -$12.1
Sale and purchase of stock -$4.2
Net borrowings -$32.2
Total cash flows from financing -$11.9 -$16.3 -$7.4 -$50.3
Effect of exchange rate $0.2 -$0.4
Change in cash and equivalents $56.8 $108.5 $114 -$50.6
(in millions USD) 2024 2023 2022
Net income $81.1 $35.3 $4
Operating activities
Depreciation $83.6 $90 $83.2
Business acquisitions & disposals -$105.3 -$32.6
Stock-based compensation $26 $21.8 $16.1
Total cash flows from operations $308.7 $89.4 -$102.6
Investing activities
Capital expenditures $2.3 -$49.2 -$43.1
Investments
Total cash flows from investing $6.1 -$134.8 -$65.5
Financing activities
Dividends paid -$47.6 -$57.3 -$62.6
Sale and purchase of stock -$4.2 -$3.9 -$55.2
Net borrowings -$32.2
Total cash flows from financing -$85.9 -$62.9 -$120
Effect of exchange rate -$0.2 -$1.5 -$0.5
Change in cash and equivalents $228.7 -$109.8 -$288.6

Recent institutional transactions

Quarter Shareholder Change
Shares owned
Shares
 Value (in thousands USD)
2024 Q1 Pzena Investment Management
-28.47%
7,059,651 $92,340,235
2024 Q1 American Century Companies Inc
+45.27%
2,159,729 $28,249,255
2024 Q1 Nuveen Asset Management
+200.29%
808,952 $10,581,092
2024 Q1 Advisors Asset Management
-91.25%
43,614 $570,471
2024 Q1 Caisse De Depot Et Placement Du Quebec
Opened
418,300 $5,471,364
2024 Q1 Quantedge Capital Pte Ltd
Opened
378,800 $4,954,704
2024 Q1 Bank Of Montreal can/
+2,045.28%
392,436 $5,146,798
2024 Q1 Two Sigma Advisers, L.P.
-85.21%
63,200 $826,656
2024 Q1 Two Sigma Investments, L.P.
-74.63%
115,374 $1,509,092
2024 Q1 Dimensional Fund Advisors L.P.
+6.93%
5,081,454 $66,465,418

Institutional shareholders

Shareholder Stake
Shares owned
Shares
 Value (in thousands USD)
Vanguard Group Inc 9.92% 9,313,399
Blackrock 9.13% 8,572,052
Pzena Investment Management 7.52% 7,059,651
Dimensional Fund Advisors L.P. 5.42% 5,081,454
Fifth Third Bancorp 4.55% 4,265,850
Cooke & Bieler L.P. 4.07% 3,815,846
Douglas Lane & Associates 3.79% 3,555,246
State Street Corp 2.42% 2,266,247
Charles Schwab Investment Management Inc 2.37% 2,226,646
American Century Companies Inc 2.30% 2,159,729
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