Steelcase
- Revenue$2.6 BFY, 2021
- Market Capitalization$1.3 B2022-06-24
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.
| Type | Public | |
| Founded | 1912 | |
| HQ | Grand Rapids, MI, US | Map |
| Website | steelcase.com | |
| Employee Ratings | ||
| Overall Culture | A | More |
Key People/Management at Steelcase
Guillaume M Alvarez
SVP, EMEA
Ulrich HE Gwinner
President, Asia Pacific
Todd P. Kelsey
Director
Sara E Armbruster
President, CEO
Donna K Flynn
VP, Global Talent Management
James P Keane
Vice Chair
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
Steelcase Financials and Metrics
Steelcase Revenue
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
Quarterly
| USD | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 | Q2, 2022 | Q3, 2022 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 824.3m | 998.0m | 955.2m | 482.8m | 818.8m | 617.5m | 556.6m | 724.8m | 738.2m |
Cost of goods sold | 565.9m | 664.5m | 639.1m | 360.1m | 542.3m | 437.3m | 401.9m | 518.0m | 534.6m |
Gross profit | 258.4m | 333.5m | 316.1m | 122.7m | 269.6m | 177.9m | 154.7m | 206.8m | 203.6m |
Gross profit Margin, % | 31% | 33% | 33% | 25% | 33% | 29% | 28% | 29% | 28% |
Annual
Quarterly
| USD | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 | Q2, 2022 | Q3, 2022 |
|---|---|---|---|---|---|---|---|---|---|
Cash | 152.7m | 229.1m | 367.7m | 637.5m | 515.9m | 484.4m | 397.2m | 360.7m | 275.2m |
Accounts Receivable | 402.5m | 467.3m | 447.8m | 264.1m | 329.0m | 283.6m | 269.4m | 334.0m | 341.8m |
Prepaid Expenses | 22.1m | 27.5m | 22.9m | 22.2m | 23.6m | 19.3m | 24.9m | 36.6m | 35.7m |
Inventories | 241.3m | 243.1m | 248.3m | 246.7m | 217.5m | 235.0m | 227.6m | 233.4m | 286.1m |
Annual
Quarterly
| USD | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 | Q2, 2022 | Q3, 2022 |
|---|---|---|---|---|---|---|---|---|---|
Net Income | 17.8m | 78.3m | 132.2m | (38.1m) | 17.4m | 19.5m | (28.1m) | (3.4m) | 6.2m |
Depreciation and Amortization | 20.3m | 41.4m | 62.9m | 22.5m | 43.3m | 64.1m | 20.7m | 41.2m | 62.2m |
Inventories | (17.7m) | (20.5m) | (25.2m) | (32.8m) | (200.0k) | (16.4m) | (34.2m) | (42.0m) | (93.4m) |
Accounts Payable | 23.2m | 37.8m | 41.6m | (87.8m) | (36.5m) | (47.0m) | 17.8m | 54.7m | 77.5m |
| USD | FY, 2019 |
|---|---|
Revenue/Employee | 271.1k |
Debt/Equity | 0.6 x |
Debt/Assets | 0.2 x |
Financial Leverage | 2.5 x |
Steelcase Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Viccarbe Habitat S.L. | November 26, 2021 | $34.9 m |
| Orangebox Group | September 20, 2018 | |
| Red Thread | May 05, 2011 | |
| Ultra Group Company | September 14, 2007 | $13 m |
| Softcare Innovations | September 06, 2006 | |
| PolyVision Corporation | November 14, 2001 | $176 m |
| AF Steelcase S.A. | ||
| AMQ Solutions, LLC | ||
| Red Thread Spaces LLC | ||
| Smith System Manufacturing Company |
Steelcase Revenue Breakdown
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
Steelcase Environment, Social & Governance (ESG) Ratings
Steelcase Online and Social Media Presence
39.25k Twitter followers
Steelcase has 39.25k Twitter Followers. The number of followers has increased 0.1% month over month and increased 0.1% quarter over quarter
Steelcase's Trends
Twitter Engagement Stats for @Steelcase
12.6k
Tweets
854
Following
39.2k
Followers
31
Tweets last 30 days
3.2
Avg. likes per Tweet
61.3%
Tweets with engagement
Steelcase Company Culture
Overall Culture
A
77/100
CEO Rating
A
78/100
Compensation
A+
85/100
Diversity
A
79/100
Steelcase Blogs
June 21, 2022
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.
June 20, 2022
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.
June 13, 2022
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.
June 13, 2022
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.
June 10, 2022
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.
June 10, 2022
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.
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.
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