Steelcase, Inc. - Ordinary Shares - Class A

NYSE:SCS   3:59:46 PM EDT
14.42
+0.40 (+2.82%)
Layoffs, Other Pre-Announcement

Steelcase Reports Second Quarter Fiscal 2021 Results

Published: 09/22/2020 20:34 GMT
Steelcase, Inc. - Ordinary Shares - Class A (SCS) - Steelcase Reports Second Quarter Fiscal 2021 Results.
Q2 Earnings per Share $0.47.
Q2 Revenue $818.8 Million Versus Refinitiv Ibes Estimate of $782.6 Million.
Q2 Earnings per Share Estimate $0.37 -- Refinitiv Ibes Data (analyst estimates).
Sees Q3 Adjusted Earnings per Share $0.12 to $0.18.
Sees Q3 Earnings per Share $0.07 to $0.13.
Sees Q3 Revenue $690 Million to $725 Million.
Q2 Adjusted Earnings per Share $0.55 Excluding Items.
Orders Declined an Average of 38 Percent During First Three Weeks of September Compared to Prior Year.
Expects to Record a Total of Approximately $26 Million of Restructuring Costs Related to Workforce Reductions.
$15.6 Million of Costs Related to Workforce Reductions Was Recorded During Q2.
Q3 Earnings per Share View $0.18, Revenue View $703.9 Million -- Refinitiv Ibes Data (analyst estimates).