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Steelcase Inc Issues Q4 2013 Guidance; EPS Guidance Below Analysts' Estimates


Wednesday, 19 Dec 2012 04:05pm EST 

Steelcase Inc announced that for the fourth quarter 2013, it expects revenue to be in the range of $695 to $720 million. This estimate includes an assumption of approximately $2 million from unfavorable currency translation effects compared to the prior year and approximately $4 million from recent acquisitions. Adjusting for these impacts, the Company projects fourth quarter organic revenue growth in the range of 0 to 4% over the prior year. The Company reported revenue of $690.2 million in the fourth quarter of fiscal 2012. The Company also expects to report earnings between $0.14 to $0.18 per share for the fourth quarter of fiscal 2013, including restructuring costs of approximately $0.02 per share. Steelcase reported earnings of $0.11 per share in the fourth quarter of fiscal 2012, including restructuring costs of approximately $0.03 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $709 million and EPS of $0.19 for the fourth quarter of 2013. 

Company Quote

17.52
-0.23 -1.30%
28 Nov 2014