Steelcase Exceeds Q2 Revenue and Earnings Expectations

Steelcase Inc. SCS today reported second quarter revenue of $599.8 million and net income of $2.8 million, or $0.02 per share, both ahead of company estimates. Excluding restructuring costs, adjusted earnings equaled $0.08 per share. Steelcase reported $578.1 million of revenue and break-even net income in the second quarter of the prior year.