Key Developments: Steelcase Inc (SCS)
13.61USD
23 May 2013
$0.00 (+0.00%)
$13.61
$13.43
$13.71
$13.42
159,025
699,277
$15.60
$7.63
Latest Key Developments (Source: Significant Developments)
Steelcase Inc Appoints Jim Keane as President
Steelcase Inc announced that its chief operating officer (COO), James P. Keane, has been named the Company's President and elected by the Steelcase Board of Directors as a member of the Board, effective April 22, 2013. James P. Hackett, who previously served as President and Chief Executive Officer (CEO), will continue as the Company's CEO. Full Article
Steelcase Inc Opens Manufacturing Unit In India-Business Line
Business Line reported that Steelcase Inc, has opened first manufacturing facility in India. Located in Chakan, the new plant will employ approximately 100 people. With the new plant, Steelcase aims to reduce delivery times and expand the range of products available to customers in India. Full Article
Steelcase Inc Issues Q1 2014 Guidance Below Analysts' Estimates
Steelcase Inc announced that for first quarter of 2014, it expects revenue to be in the range of $680 to $705 million and earnings between $0.09 to $0.13 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $712 million and EPS of $0.18 for first quarter of 2014. Full Article
Steelcase Inc Declares Cash Dividend
Steelcase Inc announced that the Board of Directors declared a cash dividend of $0.10 per share, an increase of $0.01 per share compared to the previous quarter. The dividend will be paid on or before April 15, 2013 to shareholders of record as of April 8, 2013. Full Article
Steelcase Inc Issues Q4 2013 Guidance; EPS Guidance Below Analysts' Estimates
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. Full Article
Steelcase Inc Declares Quarterly Cash Dividend
Steelcase Inc announced that it declared a quarterly cash dividend of $0.09 per share to be paid on or before December 28, 2012 to shareholders of record as of December 17, 2012. Full Article
Steelcase Inc Declares Cash Dividend
Steelcase Inc announced that it declared a cash dividend $0.09 per share, to be paid on or before October 12, 2012 to shareholders of record as of October 1, 2012. Full Article
Steelcase Inc Issues Q3 2013 Guidance Below Analysts' Estimates
Steelcase Inc announced that for the third quarter of 2013, it expects revenue to be in the range of $710 to $735 million and earnings between $0.16 and $0.20 per share. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $753 and EPS Of $0.24 for the third quarter of 2013. Full Article
Steelcase Inc. Issues Q2 2013 Guidance In Line With Analysts' Estimates
Steelcase Inc. announced that for the second quarter of 2013, it expects revenue to be in the range of $715-$740 million. This estimate includes an assumption of approximately $22 million from unfavorable currency translation effects compared to the prior year, as well as the negative impact of a small divestiture and expects to report earnings between $0.16 and $0.20 per share. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $732 and EPS Of $0.19 for the second quarter of 2013. Full Article
Steelcase Inc. Declares Cash Dividend
Steelcase Inc. announced that its Board of Directors declared a cash dividend $0.09 per share, to be paid on or before July 13, 2012 to shareholders of record as of July 2, 2012. Full Article
Earnings vs. 
Estimates
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