GRAND RAPIDS, MI – Steelcase Inc., a manufacturer of office furniture, reported revenue totaling $802.0 million for its third quarter of fiscal 2007, with net income totaling $32.8 million. Revenue was up 6.8 percent versus $750.7 million in the same quarter of the previous year. This is due to strong growth of 19.2 percent in the international segment. Compared to the previous year, third quarter revenue included $9.9 million from currency translation and $9.8 million from acquisitions.
"We are particularly pleased to recognize our International segment this quarter," said James Hackett, president and CEO. "The strength of its performance is not only a significant factor in the company's increased revenue but also signals the potential impact this segment can have moving forward."
Have something to say? Share your thoughts with us in the comments below.