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Steelcase reports strong quarterly sales

Office furniture maker Steelcase reported third quarter revenue of $955.2 million and net income of $54.9 million.

Revenue increased 6 percent in the third quarter compared to the prior year, reflecting strong growth in the Americas, while EMEA saw a slight decline.

"We're proud to deliver another quarter of outstanding results, including a 28% improvement in adjusted earnings and terrific year-over-year increases in operating margins in the Americas and EMEA," said Jim Keane, president and CEO.  "Our teams continue to execute against our strategies for growth and profit improvement.  We continue to capitalize on the investments we've made in new product development and drive initiatives for improving our cost structure."



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