Steelcase, Inc. - Ordinary Shares - Class A

NYSE:SCS   3:59:50 PM EDT
7.34
-0.97 (-11.67%)
Layoffs, Earnings Announcements

Steelcase Authorized Series Of Actions In Response To Recent Volume Decline In Incoming Orders

Published: 09/21/2022 21:23 GMT
Steelcase, Inc. - Ordinary Shares - Class A (SCS) - Steelcase- Authorized Series of Actions in Response to Recent Volume Decline in Incoming Orders, Lower Than Expected Return-to-office Trends in Americas.
Steelcase Inc - the Actions May Include Elimination of Up to 180 Salaried Positions in Company's Americas Segment and Corporate Functions.
Steelcase Inc - Expects to Incur About $8 Million in Restructuring Costs, Consisting of Cash Severance Payments and Other Separation-related Benefits.
Steelcase Inc - Expects the Actions to Be Completed in Q3 of Fiscal Year 2023.
Further Company Coverage: Scsn ((reuters.
Briefs@thomsonreuters.
Com;)).
Revenue is expected to be $835.57 Million
Adjusted EPS is expected to be $0.18

Next Quarter Revenue Guidance is expected to be $779.5 Million
Next Quarter EPS Guidance is expected to be $0.08

More details on our Analysts Page.