GRAND RAPIDS, MI -- The Americas came through for Steelcase Inc., helping the office furniture giant to post a third-quarter profit of $22.4 million on revenue of $719.4 million.

Steelcase's Q3 revenues rose 7% from the same period a year ago primarily due to a 15% increase in organic growth in the Americas. The company termed revenue growth in the Americas "broad-based" thanks to a higher mix of revenue from some of its largest corporate customers. services and owned dealers.

"The Americas segment posted another strong quarter with organic revenue growth of 15 percent and an adjusted operating margin of approximately 9 percent," said James Hackett, Steelcase president and CEO. "Based on the strength of third quarter orders and the highest backlog in more than three years, we expect this momentum to continue in the fourth quarter."

Looking forward, Steelcase said it expects fourth quarter fiscal 2012 revenue to be in the range of $675 to $700 million. The company reported revenue of $622.9 million in the fourth quarter of fiscal 2011, which included $5 million of revenue from a small division at PolyVision which has been divested. 

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