UPDATE: Steelcase (SCS) Tops Q2 EPS by 3c; Offers Q3 EPS, Revenue Outlook

(Updated - September 23, 2015 4:04 PM EDT)

Steelcase (NYSE: SCS) reported Q2 EPS of $0.35, $0.03 better than the analyst estimate of $0.32. Revenue for the quarter came in at $819 million versus the consensus estimate of $796.6 million.

"Our adjusted operating margin reached a new 15 year high and was led by the Americas, which posted a margin of 15 percent in the second quarter," said Jim Keane, president and CEO. "This was a remarkable quarter for the Americas, as the full benefits of the long-term investments we made in the past to optimize our footprint combined with great performance by our people in sales, marketing and operations to deliver more value for our customers and capture more value for our shareholders."

Outlook:

Steelcase sees Q3 2015 EPS of $0.31 - $0.35, versus the consensus of $0.32. Steelcase sees Q3 2015 revenue of $800 - $820 million, versus the consensus of $811.60 million.

For earnings history and earnings-related data on Steelcase (SCS) click here.

You May Also Be Interested In

• Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
• Bernstein SocGen Group Upgrades X-Fab Silicon Foundries SE (XFAB:FP) to Outperform
• OneMain (OMF) Reiterated at Market Outperform by Citizens on Updated Estimates