Steelcase Inc. Reports 5% Revenue Growth in Q2 2026

By Tamara Parker • Thursday, September 25 10:25 • Permanent Link

Steelcase Inc. has reported its second quarter fiscal 2026 results, indicating a 5% increase in revenue compared to the prior year. The company's revenue grew to $897.1 million from $855.8 million in the previous year. The net income for the second quarter was $35.0 million, or $0.29 per share, a decline compared to the prior year's net income of $63.1 million, or $0.53 per share.

The press release highlighted that the gross margin of 34.4% remained relatively flat compared to the prior year, despite higher tariff and restructuring costs. Orders also saw a 6% growth compared to the prior year, led by continued growth from large corporate customers in the Americas.

The company's operating income for the second quarter of 2026 was $53.1 million, representing a substantial decrease of $36.9 million compared to the prior year. This decrease was attributed to restructuring costs, costs related to the pending merger with HNI, and a gain from the sale of land in the prior year.

In terms of business segments, the Americas saw a 3% increase in revenue, reaching $707.1 million, while the international segment experienced a significant 13% revenue growth, reaching $190.0 million.

Steelcase Inc. also declared a quarterly cash dividend of $0.10 per share, to be paid on or before October 20, 2025, to shareholders of record as of October 6, 2025.

The company's adjusted earnings per share for the second quarter of 2026 were $0.45, compared to $0.39 in the prior year. Additionally, the trailing four-quarter adjusted EBITDA was reported at $278.3 million, or 8.5% of revenue.

These figures suggest a mixed performance for Steelcase Inc., with revenue and orders showing growth, but with a decline in net income and operating income compared to the previous year. The company's pending merger with HNI Corporation also adds an interesting dimension to its future outlook. As a result of these announcements, the company's shares have moved -1.13% on the market, and are now trading at a price of $16.68. If you want to know more, read the company's complete 8-K report here.

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