OverviewSuggest Edit

Steelcase is the provider of office furniture, interior architecture and space solutions for offices, hospitals and classrooms. The Company manufactures and sells panel-based and freestanding furniture, such as storage systems, tables, and ergonomic work tools. Its Seating business makes casual and shared seating and specialty chairs for the health care and education markets. The company's major brands include Coalesse, Designtex, Details, PolyVision, Steelcase, and Turnstone.

TypePublic
Founded1912
HQGrand Rapids, US
Websitesteelcase.com
Employee Ratings4.1

Recent NewsAll News

Latest Updates

Employees (est.) (Feb 2019)12,700(+9%)
Job Openings37
Revenue (FY, 2020)$3.7 B(+22%)
Share Price (Oct 2020)$11.8
Cybersecurity ratingCMore

Key People/Management at Steelcase

Guillaume M. Alvarez

Guillaume M. Alvarez

Senior Vice President, EMEA
Ulrich H.e. Gwinner

Ulrich H.e. Gwinner

President, Asia Pacific
Todd P. Kelsey

Todd P. Kelsey

Director
Sara E. Armbruster

Sara E. Armbruster

Vice President, Strategy, Research and Digital Transformation
Donna K. Flynn

Donna K. Flynn

Vice President, Global Talent Management
James P. Keane

James P. Keane

President and Chief Executive Officer, Director
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Steelcase Office Locations

Steelcase has offices in Grand Rapids, Sydney, Dongcheng, Strasbourg and in 11 other locations
Grand Rapids, US (HQ)
901 44th St SE
Sydney, AU
Unit 1, 37-69 Union Street Pyrmont, NSW 2009
Dongcheng, CN
Room 1501-1502, W1 Building Oriental Plaza, No. 1 East Chang An Avenue Dong Cheng District
Strasbourg, FR
23 Boulevard Jules Ferry
München, DE
Brienner Strasse 42
Hong Kong, HK
15F, Kinwick Center 32 Hollywood Road Central
Show all (15)

Steelcase Financials and Metrics

Steelcase Revenue

Steelcase's revenue was reported to be $3.72 b in FY, 2020
USD

Revenue (Q1, 2021)

482.8m

Gross profit (Q1, 2021)

122.7m

Gross profit margin (Q1, 2021), %

25.4%

Net income (Q1, 2021)

(38.1m)

EBIT (Q1, 2021)

(52.3m)

Market capitalization (14-Oct-2020)

1.3b

Closing stock price (14-Oct-2020)

11.8

Cash (29-May-2020)

637.5m

EV

1.7b
Steelcase's current market capitalization is $1.3 b.
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2020

Revenue

2.7b2.9b3.0b3.1b3.1b3.0b3.1b3.7b

Revenue growth, %

2%0%(1%)1%

Cost of goods sold

1.9b2.0b2.1b2.0b2.0b2.5b

Gross profit

835.9m880.9m984.5m1.0b1.0b1.2b
Quarterly
USDQ2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q4, 2018Q1, 2019Q2, 2019Q3, 2019Q4, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

700.5m719.4m675.2m744.9m727.2m667.1m757.6m784.8m723.1m786.7m800.0m705.5m819.0m787.6m718.8m758.0m786.5m735.1m775.6m3.1b754.0m875.8m901.0m3.4b824.3m955.2m482.8m

Cost of goods sold

487.9m496.3m474.1m513.4m498.0m457.2m513.4m541.1m504.5m536.1m549.0m485.0m547.9m531.6m484.8m494.9m524.6m492.3m517.2m2.0b587.2m622.7m2.4b565.9m664.5m639.1m360.1m

Gross profit

212.6m223.1m201.1m231.5m229.2m209.9m244.2m243.7m218.6m250.6m251.0m220.5m271.1m256.0m234.0m263.1m261.9m242.8m258.4m1.0b288.6m278.3m1.1b258.4m316.1m122.7m

Gross profit Margin, %

30%31%30%31%32%31%32%31%30%32%31%31%33%33%33%35%33%33%33%33%33%31%32%31%33%25%
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2020

Cash

112.1m150.4m201.8m176.5m181.9m197.1m283.1m547.1m

Accounts Receivable

271.4m287.3m9.9m19.3m307.6m300.3m372.4m

Prepaid Expenses

17.5m17.9m19.1m19.2m21.6m

Inventories

139.5m137.5m151.5m166.2m159.4m163.1m184.6m
Quarterly
USDQ2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q4, 2018Q1, 2019Q2, 2019Q3, 2019Q4, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

104.4m114.9m80.5m103.2m136.0m103.1m127.8m149.1m158.3m155.7m128.8m110.5m161.4m150.3m133.4m151.5m139.1m143.9m139.3m283.1m45.7m51.0m261.3m152.7m229.1m367.7m637.5m

Accounts Receivable

322.9m315.1m309.3m333.4m313.8m301.5m331.5m300.3m409.7m422.9m390.3m402.5m467.3m447.8m

Prepaid Expenses

66.8m63.4m43.7m49.1m50.2m47.8m55.5m19.2m22.0m23.4m19.5m22.1m27.5m22.9m22.2m

Inventories

137.5m153.9m147.5m142.2m155.9m146.8m154.5m161.1m161.1m182.5m189.6m183.7m176.8m181.1m156.9m164.7m172.6m174.6m173.5m184.6m232.3m252.4m224.8m241.3m243.1m248.3m246.7m
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2020

Net Income

56.7m38.8m87.7m86.1m170.3m124.6m80.7m199.7m

Depreciation and Amortization

56.4m58.3m60.0m59.9m65.7m60.3m65.9m85.6m

Inventories

(17.1m)2.1m(13.1m)(27.2m)6.8m(5.1m)(8.5m)(6.2m)

Accounts Payable

(2.0m)3.4m12.7m12.6m(4.1m)9.5m700.0k10.8m
Quarterly
USDQ2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q4, 2018Q1, 2019Q2, 2019Q3, 2019Q4, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

19.4m41.8m13.2m42.7m66.3m13.2m40.8m23.0m21.0m30.5m11.8m20.0m37.2m35.6m19.4m38.2m41.2m18.1m55.0m80.7m80.7m17.0m103.4m126.0m17.8m78.3m(38.1m)

Depreciation and Amortization

27.6m41.7m13.6m27.4m42.5m14.1m28.9m31.2m47.7m38.7m60.5m81.6m20.3m41.4m62.9m22.5m

Inventories

183.7m176.8m181.1m156.9m164.7m172.6m174.6m(7.2m)(22.4m)(8.5m)(38.0m)(52.3m)(24.0m)(17.7m)(20.5m)(25.2m)(32.8m)

Accounts Payable

222.0m227.5m230.5m205.1m220.8m222.3m225.9m2.8m26.1m(700.0k)45.6m45.6m8.5m23.2m37.8m41.6m(87.8m)
USDQ2, 2012

Financial Leverage

2.5 x
Show all financial metrics

Steelcase Operating Metrics

FY, 2015FY, 2016FY, 2017

Dealers' Locations

850 800 800

Locations

22 21 21
Show all operating metrics

Steelcase Cybersecurity Score

Cybersecurity ratingPremium dataset

C

71/100

SecurityScorecard logo

Steelcase Revenue Breakdown

Embed Graph

Steelcase revenue breakdown by geographic segment: 71.8% from Americas, 17.2% from EMEA and 11.0% from Other

Steelcase Online and Social Media Presence

Embed Graph

Steelcase Blogs

Carbon Neutral Now. Carbon Negative Next.

By Jim Keane, Steelcase President and CEO — Today, Steelcase announced we have achieved carbon neutrality throughout our own operations. We are going even further, having set aggressive science-based targets in line with the most ambitious goal of the Paris Agreement. The post Carbon Neutral Now. …

COVID-19 Accelerates Blended Learning

The recent crisis is showcasing the upside of a blended learning approach to education. The post COVID-19 Accelerates Blended Learning appeared first on Steelcase.

How to Design Hybrid and Blended Learning Environments

The recent crisis is showcasing the upside of a blended learning approach to education. The post How to Design Hybrid and Blended Learning Environments appeared first on Steelcase.

Taking the Office Outside

The post Taking the Office Outside appeared first on Steelcase.

Mastering the Mask

Essential employees offer tips to office workers for wearing masks all day. The post Mastering the Mask appeared first on Steelcase.

Workplace Designers Forecast the Future

The post Workplace Designers Forecast the Future appeared first on Steelcase.
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Steelcase Frequently Asked Questions

  • When was Steelcase founded?

    Steelcase was founded in 1912.

  • Who are Steelcase key executives?

    Steelcase's key executives are Guillaume M. Alvarez, Ulrich H.e. Gwinner and Todd P. Kelsey.

  • How many employees does Steelcase have?

    Steelcase has 12,700 employees.

  • What is Steelcase revenue?

    Latest Steelcase annual revenue is $3.7 b.

  • What is Steelcase revenue per employee?

    Latest Steelcase revenue per employee is $293.2 k.

  • Who are Steelcase competitors?

    Competitors of Steelcase include Haworth, Herman Miller and ELEMENTS.

  • Where is Steelcase headquarters?

    Steelcase headquarters is located at 901 44th St SE, Grand Rapids.

  • Where are Steelcase offices?

    Steelcase has offices in Grand Rapids, Sydney, Dongcheng, Strasbourg and in 11 other locations.

  • How many offices does Steelcase have?

    Steelcase has 15 offices.