Jun. 25 at 9:43 PM
$SCS Steelcase sees Q2 adjusted EPS 36c-40c, consensus 41c
Sees Q2 revenue
$860M-
$890M, consensus
$878.73M. The company said, "At the end of the first quarter, the company's backlog was approximately
$801 million, which was 2 percent higher than the prior year. The company expects second quarter fiscal 2026 revenue to be in the range of
$860 to
$890 million. The company reported revenue of
$855.8 million in the second quarter of fiscal 2025.
The projected revenue range translates to approximately flat to growth of 4 percent, compared to the prior year, or approximately flat to growth of 3 percent on an organic basis. The company expects to report earnings per share of between
$0.27 to
$0.31 for the second quarter of fiscal 2026, which includes the impact of amortization of purchased intangible assets and projected restructuring costs, and adjusted earnings per share of between
$0.36 to
$0.40. The company reported earnings per share of
$0.53 and adjusted earnings per share of
$0.39 in the second quarter of fiscal 2025."
