AP NEWS

Steelcase: Fiscal 2Q Earnings Snapshot

September 20, 2018

GRAND RAPIDS, Mich. (AP) _ Steelcase Inc. (SCS) on Thursday reported fiscal second-quarter profit of $49.1 million.

On a per-share basis, the Grand Rapids, Michigan-based company said it had net income of 41 cents. Earnings, adjusted for non-recurring gains, were 36 cents per share.

The office furniture maker posted revenue of $875.8 million in the period.

For the current quarter ending in December, Steelcase said it expects revenue in the range of $885 million to $915 million.

The company expects full-year earnings to be $1.10 to $1.15 per share.

Steelcase shares have risen 6 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $16.15, an increase of 16 percent in the last 12 months.

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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

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