Overview

* Steelcase ( SCS ) Q2 revenue grows 5%, beating analyst expectations, per LSEG data

* Adjusted EPS beats analyst expectations, reflecting operational improvements, per LSEG data

* Co entered merger agreement with HNI Corp in August, valued at $2.2 bln

Outlook

* Company expects merger with HNI to close by end of 2025

* Steelcase ( SCS ) notes strong demand from large corporate customers

* Company anticipates continued workplace investments by business leaders

Result Drivers

* CORPORATE DEMAND - Strong growth from large corporate customers in the Americas drove revenue

* INTERNATIONAL GROWTH - Revenue growth in International markets was led by India, offsetting declines in France and Germany

* GROSS MARGIN STABILITY - Gross margin remained flat despite higher tariff and restructuring costs, aided by pricing benefits and cost reductions

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $897.10 $873.70

Revenue mln mln (4

Analysts

)

Q2 Beat $0.45 $0.36 (4

Adjusted Analysts

EPS )

Q2 EPS $0.29

Q2 Net $35 mln

Income

Q2 Gross 34.4%

Margin

Q2 Beat $75.30 $66.50

Adjusted mln mln (2

EBIT Analysts

)

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)