Steelcase: Fiscal Q4 Earnings Snapshot
GRAND RAPIDS, Mich. (AP) — GRAND RAPIDS, Mich. (AP) — Steelcase Inc. (SCS) on Wednesday reported earnings of $27.6 million in its fiscal fourth quarter.
On a per-share basis, the Grand Rapids, Michigan-based company said it had net income of 23 cents. Earnings, adjusted for amortization costs, came to 26 cents per share.
The office furniture maker posted revenue of $788 million in the period.
For the year, the company reported profit of $120.7 million, or $1.02 per share. Revenue was reported as $3.17 billion.
For the current quarter ending in May, Steelcase expects its per-share earnings to range from 13 cents to 17 cents.
The company said it expects revenue in the range of $760 million to $785 million for the fiscal first quarter.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SCS at https://www.zacks.com/ap/SCS
