GRAND RAPIDS, MI – Office furniture manufacturer Steelcase Inc. announced fourth quarter revenue of $654.9 million, a 27.3% drop compared to the prior year period. The company reported a net loss of $65.7 million for the quarter, which included non-cash impairment charges that had the effect of increasing the net loss by approximately $50 million.
For fiscal 2009, the company reported $3.18 billion of revenue and a net loss of $11.7 million, compared to $3.42 billion of revenue and net income of $133.2 million in fiscal 2008.
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