SCS: Steelcase Inc. Instablogs

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Wednesday, March 27, 5:13 PM More on Steelcase (SCS): Q4 beats slightly on the revenue side, but net earnings swung to a fiscal fourth-quarter loss as impairment charges and restructuring costs weighed on results. The company also guides lower for its Q1, now anticipating an EPS of $0.09 to $0.13 on revenue of $ 680M to $705M. Analysts were projecting $0.18 on $711M in revenue. Shares -3.5% AH. Comment! [Earnings, On the Move]
Wednesday, March 27, 4:12 PM Steelcase (SCS): Q4 GAAP EPS of -$0.22. Revenue of $721.4M beats by $12.M. (PR) Comment! [Earnings, Breaking News, Consumer]
Wednesday, December 19, 2012, 4:24 PM Steelcase (SCS): Q3 EPS of $0.22 beats by $0.01. Revenue of $727.2M (+1.1% Y/Y) beats by $5M. (PR) Comment! [Earnings, Consumer]
Friday, December 7, 2012, 3:41 PM Steelcase (SCS) declares $0.09/share quarterly dividend, in line with previous. Forward yield 3.12%. For shareholders of record Dec. 17. Payable Dec. 28. Ex-div date Dec. 13. (PR) Comment! [Dividends]
Wednesday, September 19, 2012, 4:48 PM More on Steelcase (SCS): Q2 beats across the board with earnings more than doubling as the office-furniture maker posted broad-based sales growth and fewer restructuring charges. For the current quarter, it sees Q3 EPS coming in between $0.16 - $0.20 on revenue of $710M - $735M, below consensus estimates of $0.24 per share on $752.67M revenue. Shares +9.8% AH. Comment! [Earnings, On the Move]
Wednesday, September 19, 2012, 4:09 PM Steelcase (SCS): FQ1 EPS of $0.25 beats by $0.06. Revenue of $744.9M (+6.3% Y/Y) beats by $16M. (PR) Comment! [Earnings, Consumer]
Friday, September 7, 2012, 9:21 AM Mattress stocks are on watch for a shakeup after Mattress Firm clipped its estimates for FY13 earnings. Organic sales in the sector are now in focus with investors as companies start to run out of ways to buy growth. Premarket: MFRM -10.1%, SCS -1.3%, TPX -1.5%, ZZ inactive. Comment! [Consumer, On the Move]
Wednesday, June 20, 2012, 5:29 PM More on Steelcase (SCS): Q1 EPS comes in line with estimates despite a slight decline in revenue. Net earnings rose 76% Y/Y as continued revenue growth in its Americas business offset declines in its Europe, Middle East and Africa segments. Comment! [Earnings]
Wednesday, June 20, 2012, 4:35 PM Steelcase (SCS): Q1 EPS of $0.13 in-line. Revenue of $675M (+5.6% Y/Y) misses by $6M. Shares +0.5% AH. (PR) Comment! [Earnings, Consumer]
Monday, May 7, 2012, 12:29 PM Shares of Tempur Pedic (TPX -14.1%) get crushed after chatter picks up that the stock is getting lined up as the next target of short sellers and momentum trading in the sector starts to sputter. Select Comfort (SCS -7.4%) and Mattress Firm (MFRM -8.2%) are also selling off on heavy volume. Comment! [On the Move, Consumer]
Tuesday, April 17, 2012, 1:02 PM Mattress company stocks are major outperformers in 2012, racking up gains that easily beat the S&P 500. The rally has been inspired by impressive double-digit gains in mattress sales for both January and February as consumers stretch out their budgets for premium products viewed as offering health benefits. The niche sector's biggest names include Sealy (ZZ +2.6%), Select Comfort (SCS +0.7%), Tempur-Pedic (TPX +0.5%), and Mattress Firm Holding (MFRM +4.9%). 1 Comment [Quick Ideas, Consumer]
Thursday, March 22, 2012, 6:55 PM More on Steelcase (SCS): Q4 misses on a per share basis despite a 10% jump in Y/Y revenue. Earnings rose 43% on stronger organic sales in the Americas, which helped offset slower growth overseas. The company issues a cautious outlook for Q1 however, now seeing revenues between $665M - $690M and an EPS in the range of $0.08 - $0.12. The Street is at $0.16 a share on $671M in sales. Shares -3.5% AH. Comment! [On the Move, Earnings]
Thursday, March 22, 2012, 4:15 PM Steelcase (SCS): Q4 EPS of $0.14 misses by $0.02. Revenue of $690M (+10.8% Y/Y) in-line. (PR) Comment! [Consumer, Earnings]
Wednesday, December 21, 2011, 5:23 PM Steelcase (SCS) Q3 reports an in line EPS but its revenue beats easily beats estimates on a 7% Y/Y jump in profit. Strong North American sales growth again offset weakness in other regions, and based on that strength and its highest backlog in over three years, the company expects further sales gains in Q4. The company now forecasts its Q4 EPS to be around $0.09 - $0.13 on revenue of $675M - $700M. (PR) Comment! [Earnings]
Thursday, September 22, 2011, 10:07 AM Shares of Steelcase (SCS -19.4%) crater after the firm misses EPS for Q2 and says its outlook for Q3 is cautious. The firm sees EPS in a range of $0.15-$0.19 vs $0.22 consensus, as restructuring costs and higher commodity prices take their toll. 1 Comment [On the Move]
Wednesday, September 21, 2011, 4:06 PM Steelcase (SCS): Q2 EPS of $0.15 misses by $0.02. Revenue of $700M (+17% Y/Y) beats by $14M. (PR) Comment! [Earnings, Consumer]

SCS Steelcase Inc.

SCS

Steelcase Inc.