Woodworking Industry News
Office furniture giants Steelcase and MillerKnoll in recent earnings releases said that they are anticipating tariff cost losses to be as much as $16 million in the upcoming quarter and plan to offset these costs with price increases.For Steelcase, first quarter estimates include an assumption of $9 million of higher tariff costs as compared to the prior year. The fiscal 2026 targets reflect pricing actions offsetting the impacts of higher tariffs and related inflationary cost increases,