Steelcase Inc. has recently released its 10-Q report, providing an insight into its financial performance for the third quarter of 2025. The company operates through two segments: Americas and International, offering a wide range of furniture, architectural products, and services to customers globally. In Q3 2025, the company reported a revenue of $794.9 million, representing a 2% increase compared to the same period in the prior year. The Americas segment saw a 5% revenue growth, while the International segment experienced a 6% decline.
The company's operating income for Q3 2025 was $41.0 million, down from $43.8 million in the prior year. However, after adjusting for certain items, the adjusted operating income was reported at $47.3 million, slightly lower than the previous year's $49.3 million. Diluted earnings per share for Q3 2025 stood at $0.16, compared to $0.26 in the same period in 2024.
In terms of revenue growth, the Americas segment saw a 5% increase, driven by higher revenue from government, large corporate, healthcare, and education customers. However, the International segment experienced a 6% decline, primarily due to soft demand in most markets in Asia Pacific and Western Europe.
The company also finalized the annuitization of a defined benefit pension plan in the United Kingdom during Q3 2025, resulting in a pre-tax, non-cash settlement charge of $15.2 million, which had the effect of decreasing diluted earnings per share by $0.10.
For the nine months ended in 2025, Steelcase reported a net income of $93.1 million and diluted earnings per share of $0.78, compared to $59.8 million and $0.50, respectively, for the same period in the prior year. The company's revenue for the nine months decreased slightly by $6.4 million compared to the prior year, with a 1% organic growth in the Americas but a 5% decline in the International segment.
Today the company's shares have moved -5.3% to a price of $11.66. For the full picture, make sure to review Steelcase's 10-Q report.
