Steelcase Says Earnings Exceed Expectations
GRAND RAPIDS, MI – Steelcase Inc. announced first quarter revenue of $808.5 million and net income of $33.6 million. Reported revenue increased 11.2% compared to $727.3 million in the prior year quarter, which was ahead of company estimates. Internationally, revenue grew 17.0%, while sales in North America increased 11.2% over the prior year.