NYSE$SCS
Steelcase Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported first quarter results with revenue growth driven by a strong beginning backlog and pricing benefits.
Steelcase reported first quarter revenue of $740.7 million, a net loss of $11.4 million, or $0.10 per share, and an adjusted loss per share of $0.05. The revenue growth across all segments was driven by a strong beginning backlog and pricing benefits, as well as broad-based order growth in the Americas and EMEA.
- Revenue increased by 33 percent due to stronger incoming orders and improved order fulfillment.
- Americas order growth has outpaced the industry for the last eight months.
- EMEA segment has delivered strong growth for the past five quarters.
- Gross margin decreased by 190 basis points compared to the prior year, primarily due to higher inflation.
Headline financials
Revenue & EPS history
Steelcase · Revenue · Quarterly
$741M
Forward guidance
The company expects second quarter fiscal 2023 revenue to be in the range of $875 to $900 million and earnings per share of between $0.06 to $0.10 for the second quarter of fiscal 2023 and adjusted earnings per share of between $0.11 to $0.15.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+0.7%
Avg return
Earnings day
-0.4%
Avg return
5 days after
-0.6%
Avg return
30 days after
55%
35 / 64 earnings
Positive
+24.1%
Q2 2019
Best reaction
-20.6%
Q3 2016
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | +0.2% | +3.2% | +0.5% | |
| Q1 2026 | +0.0% | +0.0% | +0.0% | |
| Q4 2025 | +6.6% | +0.0% | +0.0% | |
| Q3 2026 | -0.4% | +0.0% | +0.0% | |
| Q3 2025 | -5.6% | +0.0% | +0.0% | |
| Q2 2025 | -5.0% | +0.0% | +0.0% | |
| Q1 2025 | +5.6% | +0.0% | +0.0% | |
| Q4 2024 | -4.4% | +0.0% | +0.0% | |
| Q3 2024 | +12.6% | +0.0% | +0.0% | |
| Q2 2024 | +20.3% | +0.0% | +0.0% | |
| Q1 2024 | +6.1% | +0.0% | +0.0% | |
| Q4 2023 | +4.1% | +0.0% | +0.0% | |
| Q3 2023 | +3.8% | +0.0% | +0.0% | |
| Q2 2023 | -11.2% | +0.0% | +0.0% | |
| Q1 2023 | +1.7% | +0.0% | +0.0% | |
| Q4 2022 | -7.8% | +0.0% | +0.0% | |
| Q3 2022 | -3.8% | +0.0% | +0.0% | |
| Q2 2022 | -3.2% | +0.0% | +0.0% | |
| Q1 2022 | +5.2% | +0.0% | +0.0% | |
| Q4 2021 | -4.7% | -4.3% | -9.8% | |
| Q3 2021 | -0.4% | -8.3% | -2.8% | |
| Q2 2021 | -16.8% | — | — | |
| Q1 2021 | -15.1% | — | — | |
| Q4 2020 | +22.1% | — | — | |
| Q3 2020 | +16.2% | — | — | |
| Q2 2020 | +12.2% | — | — | |
| Q1 2020 | -10.0% | — | — | |
| Q4 2019 | -14.1% | — | — | |
| Q3 2019 | +2.0% | — | — | |
| Q2 2019 | +24.1% | — | — | |
| Q1 2019 | -8.5% | — | — | |
| Q4 2018 | +4.9% | — | — | |
| Q3 2018 | +2.1% | — | — | |
| Q2 2018 | +6.3% | — | — | |
| Q1 2018 | -14.5% | — | — | |
| Q4 2017 | +1.9% | — | — | |
| Q3 2017 | +8.9% | — | — | |
| Q2 2017 | +12.8% | — | — | |
| Q1 2017 | -2.7% | — | — | |
| Q4 2016 | +2.4% | — | — | |
| Q3 2016 | -20.6% | — | — | |
| Q2 2016 | +2.1% | — | — | |
| Q1 2016 | +1.7% | — | — | |
| Q4 2015 | -2.8% | — | — | |
| Q3 2015 | +1.5% | — | — | |
| Q2 2015 | +7.4% | — | — | |
| Q1 2015 | -12.1% | — | — | |
| Q4 2014 | +11.1% | — | — | |
| Q3 2014 | +5.6% | — | — | |
| Q2 2013 | +1.9% | — | — | |
| Q2 2014 | +0.9% | — | — | |
| Q1 2014 | -6.4% | — | — | |
| Q4 2013 | -2.3% | — | — | |
| Q3 2013 | +12.4% | — | — | |
| Q2 2012 | -1.2% | — | — | |
| Q1 2012 | +6.9% | — | — | |
| Q1 2013 | +1.5% | — | — | |
| Q4 2010 | +0.7% | — | — | |
| Q4 2012 | +0.7% | — | — | |
| Q3 2011 | -0.8% | — | — | |
| Q3 2012 | -4.4% | — | — | |
| Q2 2011 | -5.8% | — | — | |
| Q4 2011 | -5.8% | — | — | |
| Q1 2011 | -0.6% | — | — |
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