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Steelcase announces Q4 and fiscal 2020 results and actions to maximize liquidity and conserve capital

Mar 24, 2020 - Marketline Newswire
Board and Executive Moves

Steelcase has reported fourth quarter revenue of $946.2 million and net income of $66.5 million, or diluted earnings of $0.55 per share, which included a $21.0 million gain and $8.7 million tax benefit related to the sale of PolyVision on February 24, 2020.

Highlights: Fourth quarter results reflect strong performanceRevenue grew 4% to $946.2 millionEPS improved 189% to $0.55; adjusted EPS improved 34% to $0.39EMEA posts $8.3 million of operating income and 4.5% operating marginYear-end li...