Steelcase Inc. has recently released its 10-Q report, providing insights into its financial performance and operations. Steelcase operates through two segments, Americas and International, offering a wide range of furniture and architectural products and services to corporate, government, healthcare, education, and retail customers. The company's revenue for the six months ended August 23, 2024, was $1,583.1 million, compared to $1,606.5 million for the same period in 2023. Gross profit for the same period was $529.8 million, compared to $518.0 million in 2023.
In the Americas segment, revenue for the six months ended August 23, 2024, was $1,242.4 million, compared to $1,252.1 million for the same period in 2023. Operating income in the Americas segment increased by $40.7 million in year-to-date 2025 compared to the prior year, driven by factors including a gain on the sale of land, gross margin improvement, and strong results in the education business.
Furthermore, the company reported adjusted operating income of $102.0 million in the Americas segment for year-to-date 2025, representing an improvement of $14.5 million compared to the prior year. The Americas segment revenue represented 80.4% of consolidated revenue in Q2 2025, with revenue increasing by approximately 1% compared to the prior year, mainly due to higher volume.
Steelcase's financial report also highlighted a net income of $63.1 million and diluted earnings per share of $0.53 in Q2 2025, compared to net income of $27.5 million and diluted earnings per share of $0.23 in the prior year. The results included a gain from the sale of land, which had the effect of increasing net income and diluted earnings per share.
Today the company's shares have moved -3.2% to a price of $12.89. If you want to know more, read the company's complete 10-Q report here.
