Steelcase

OverviewSuggest Edit

Steelcase is a company that manufactures furniture, interior architecture, and technology products and services. It provides 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 as well as casual and shared seating and specialty chairs for the health care and education markets.
TypePublic
Founded1912
HQGrand Rapids, MI, US
Websitesteelcase.com
Employee Ratings4.1
Overall CultureA

Latest Updates

Employees (est.) (Nov 2021)11,200
Job Openings206
Revenue (FY, 2021)$2.6 B(-30%)
Share Price (Jun 2022)$11.2(+6%)
Cybersecurity ratingBMore
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Key People/Management at Steelcase

Guillaume M Alvarez

Guillaume M Alvarez

SVP, EMEA
Ulrich HE Gwinner

Ulrich HE Gwinner

President, Asia Pacific
Todd P. Kelsey

Todd P. Kelsey

Director
Sara E Armbruster

Sara E Armbruster

President, CEO
Donna K Flynn

Donna K Flynn

VP, Global Talent Management
James P Keane

James P Keane

Vice Chair
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Steelcase Office Locations

Steelcase has offices in Grand Rapids, Atlanta, Boston, Chicago and in 19 other locations
Grand Rapids, MI, US (HQ)
901 44th St SE
Atlanta, GA, US
Northwest, 1545 Peachtree St NE #280
Boston, MA, US
101 Seaport Blvd STE 600
Chicago, IL, US
222 W Merchandise Mart Plaza Ste 300
Dallas, TX, US
1616 Hi Line Dr #110
Los Angeles, CA, US
1150 S Olive St
Show all (25)

Steelcase Financials and Metrics

Steelcase Revenue

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View revenue for all periods
Steelcase's revenue was reported to be $2.6 b in FY, 2021 which is a 30.3% decrease from the previous period.
USD

Revenue (Q3, 2022)

738.2m

Gross profit (Q3, 2022)

203.6m

Gross profit margin (Q3, 2022), %

27.6%

Net income (Q3, 2022)

9.6m

EBIT (Q3, 2022)

15.9m

Market capitalization (24-Jun-2022)

1.3b

Closing stock price (24-Jun-2022)

11.2

Cash (26-Nov-2021)

275.2m

EV

1.7b
Steelcase's current market capitalization is $1.3 b.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

3.4b3.7b2.6b

Revenue growth, %

13%8%(30%)

Cost of goods sold

2.4b2.5b1.8b

Gross profit

1.1b1.2b762.8m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022Q3, 2022

Revenue

824.3m998.0m955.2m482.8m818.8m617.5m556.6m724.8m738.2m

Cost of goods sold

565.9m664.5m639.1m360.1m542.3m437.3m401.9m518.0m534.6m

Gross profit

258.4m333.5m316.1m122.7m269.6m177.9m154.7m206.8m203.6m

Gross profit Margin, %

31%33%33%25%33%29%28%29%28%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

261.3m541.0m489.8m

Accounts Receivable

390.3m372.4m279.0m

Prepaid Expenses

19.5m21.6m20.9m

Inventories

224.8m215.0m193.5m
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

126.0m199.7m26.1m

Depreciation and Amortization

81.6m85.6m85.2m

Inventories

(24.0m)(6.2m)27.1m

Accounts Payable

8.5m10.8m(69.0m)
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022Q3, 2022

Net Income

17.8m78.3m132.2m(38.1m)17.4m19.5m(28.1m)(3.4m)6.2m

Depreciation and Amortization

20.3m41.4m62.9m22.5m43.3m64.1m20.7m41.2m62.2m

Inventories

(17.7m)(20.5m)(25.2m)(32.8m)(200.0k)(16.4m)(34.2m)(42.0m)(93.4m)

Accounts Payable

23.2m37.8m41.6m(87.8m)(36.5m)(47.0m)17.8m54.7m77.5m
USDFY, 2019

Revenue/Employee

271.1k

Debt/Equity

0.6 x

Debt/Assets

0.2 x

Financial Leverage

2.5 x
Show all financial metrics

Steelcase Operating Metrics

FY, 2019FY, 2020FY, 2021

Dealers' Locations

800800800

Locations

252423

Partners

111015

Steelcase Acquisitions / Subsidiaries

Company NameDateDeal Size
Viccarbe Habitat S.L.November 26, 2021$34.9 m
Orangebox GroupSeptember 20, 2018
Red ThreadMay 05, 2011
Ultra Group CompanySeptember 14, 2007$13 m
Softcare InnovationsSeptember 06, 2006
PolyVision CorporationNovember 14, 2001$176 m
AF Steelcase S.A.
AMQ Solutions, LLC
Red Thread Spaces LLC
Smith System Manufacturing Company
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Steelcase Revenue Breakdown

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Steelcase revenue breakdown by business segment: 31.4% from Seating, 44.6% from Desking, Benching, Systems and Storage and 24.0% from Other

Steelcase revenue breakdown by geographic segment: 19.7% from EMEA, 71.2% from Americas and 9.1% from Other

Steelcase Cybersecurity Score

Cybersecurity ratingPremium dataset

B

80/100

SecurityScorecard logo

Steelcase Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

60-79

out of 100

CSRHub logo

Steelcase Online and Social Media Presence

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Steelcase Company Culture

  • Overall Culture

    A

    77/100

  • CEO Rating

    A

    78/100

  • Compensation

    A+

    85/100

  • Diversity

    A

    79/100

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Steelcase Blogs

Practicing Pride

Andre Radulescu, founder of Identity.Education, shares personal experiences around gender identity to support greater understanding and a more inclusive workplace. The post Practicing Pride appeared first on Steelcase.

Meet Our First Carbon Neutral Product

Steelcase Series 1 with CarbonNeutral product certification helps organizations achieve their emissions goals The post Meet Our First Carbon Neutral Product appeared first on Steelcase.

New Hybrid Work Solutions Shine at NeoCon 2022

Steelcase and its community of brands invited workplace leaders and designers into its refreshed Chicago spaces during NeoCon 2022 to The post New Hybrid Work Solutions Shine at NeoCon 2022 appeared first on Steelcase.

Steelcase Reveals New Spaces, Products and Partnerships Designed for a New Era of Hybrid Work

New solutions create hybrid neighborhoods to help people collaborate, focus and find a sense of belonging. Grand Rapids, MI, June The post Steelcase Reveals New Spaces, Products and Partnerships Designed for a New Era of Hybrid Work appeared first on Steelcase.

Steelcase Recognized for Outstanding Environmental Sustainability Practices

Company wins EcoVadis Gold, EPA WasteWise award, listed on the CDP Supplier Engagement Leaderboard and accepted as a U.S. Department The post Steelcase Recognized for Outstanding Environmental Sustainability Practices appeared first on Steelcase.

Steelcase Awarded for Commitment to the Planet

Steelcase was recently recognized with multiple awards both nationally and internationally for its ongoing commitment to its sustainability initiatives to limit its impact on the planet and reduce climate change. The post Steelcase Awarded for Commitment to the Planet 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 HE Gwinner and Todd P. Kelsey.

  • How many employees does Steelcase have?

    Steelcase has 11,200 employees.

  • What is Steelcase revenue?

    Latest Steelcase annual revenue is $2.6 b.

  • What is Steelcase revenue per employee?

    Latest Steelcase revenue per employee is $231.8 k.

  • Who are Steelcase competitors?

    Competitors of Steelcase include Haworth, MillerKnoll 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, Atlanta, Boston, Chicago and in 19 other locations.

  • How many offices does Steelcase have?

    Steelcase has 25 offices.