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Steelcase (SCS)

For over 108 years, Steelcase Inc. has helped create great experiences for the world's leading organizations, across industries. The Company demonstrates this through our family of brands - including Steelcase®, Coalesse®, Designtex®, Turnstone®, Smith System®, Orangebox® and AMQ®. Together, they offer a comprehensive portfolio of architecture, furniture and technology products and services designed to unlock human promise and support social, economic and environmental sustainability. The Company is globally accessible through a network of channels, including approximately 800 Steelcase dealer locations. Steelcase is a global, industry-leading and publicly traded company with fiscal 2020 revenue of $3.7 billion.

Company profile

Ticker
SCS
Exchange
CEO
James Keane
Employees
Incorporated
Location
Fiscal year end
HNI ...
SEC CIK
Subsidiaries
AF Steelcase S.A. • AMQ Solutions, LLC • Red Thread Spaces LLC • Smith System Manufacturing Company • Steelcase AG • Steelcase Asia Pacific Limited • Steelcase Canada Limited • Steelcase Czech Republic s.r.o. • Steelcase Financial Services Inc. • Steelcase Furniture (Dongguan) Company Limited ...
IRS number
380819050

SCS stock data

Calendar

24 Jun 22
16 Aug 22
24 Feb 23
Quarter (USD) May 22 Feb 22 Nov 21 Aug 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Feb 22 Feb 21 Feb 20 Feb 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 122.6M 122.6M 122.6M 122.6M 122.6M 122.6M
Cash burn (monthly) 28.13M 23.32M 5.27M (no burn) 18.37M 7.84M
Cash used (since last report) 75.01M 62.19M 14.04M n/a 48.97M 20.91M
Cash remaining 47.59M 60.41M 108.56M n/a 73.63M 101.69M
Runway (months of cash) 1.7 2.6 20.6 n/a 4.0 13.0

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
3 Aug 22 Lizbeth S O'Shaughnessy Class A Common Stock Sell Dispose S No No 11.2641 30,000 337.92K 288,388
27 Jul 22 Niemann Jennifer C Class A Common Stock Grant Acquire A No No 0 198 0 22,286
10 Jun 22 Kelsey Todd P. Class A Common Stock Grant Acquire A No No 0 2,997 0 6,017
10 Jun 22 Duckworth Connie K Class A Common Stock Grant Acquire A No No 0 2,933 0 92,670
10 Jun 22 Wege Peter M Ii Class A Common Stock Grant Acquire A No No 0 2,742 0 234,021
83.8% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 199 208 -4.3%
Opened positions 27 43 -37.2%
Closed positions 36 30 +20.0%
Increased positions 82 60 +36.7%
Reduced positions 59 76 -22.4%
13F shares Current Prev Q Change
Total value 923.04M 902.14M +2.3%
Total shares 77.29M 76.86M +0.6%
Total puts 224.2K 61.4K +265.1%
Total calls 53.9K 67.6K -20.3%
Total put/call ratio 4.2 0.9 +358.0%
Largest owners Shares Value Change
PZN Pzena Investment Management 7.94M $94.87M +13.2%
BLK Blackrock 7.93M $94.79M +3.6%
Earnest Partners 7.66M $91.58M -1.3%
Vanguard 6.86M $81.98M -10.9%
Dimensional Fund Advisors 4.16M $49.7M +1.4%
Cooke & Bieler 3.56M $42.57M -2.6%
New York State Common Retirement Fund 2.08M $24.85M +3.6%
STT State Street 1.77M $21.11M -7.7%
IVZ Invesco 1.77M $21.1M +82.7%
Russell Investments 1.67M $19.92M +89.3%
Largest transactions Shares Bought/sold Change
Millennium Management 271.07K -1.59M -85.4%
PZN Pzena Investment Management 7.94M +928.57K +13.2%
Vanguard 6.86M -839.62K -10.9%
IVZ Invesco 1.77M +799.2K +82.7%
Russell Investments 1.67M +786.58K +89.3%
Norges Bank 0 -776.71K EXIT
Victory Capital Management 1.12M +680.82K +154.1%
Levin Easterly Partners 1.23M +656.19K +113.9%
MS Morgan Stanley 679.81K -467.67K -40.8%
D. E. Shaw & Co. 0 -411.21K EXIT

Financial report summary

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Competition
HNIMillerKnollVirco ManufacturingKnoll

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: book, carryback, create, David, declared, divested, dollar, existing, exit, experience, fluctuation, France, fuel, Halcon, incur, initiated, integrated, involuntary, list, LLC, Ludwig, make, meaningful, membership, metric, mitigate, Mutual, partnering, profit, proprietary, reduction, reserve, salaried, seller, Separation, strategy, supplier, surcharge, Sylvester, Voluntary, wood, workplace
Removed: affiliate, approval, charge, FASB, filed, flexibility, hour, impairment, involved, mix, negatively, partial, pay, preserve, reflected, revised, Robin, Rule, support, temporary, Zondervan

Patents

Utility
Body Support Structure
11 Aug 22
A body support structure includes a base, a seat and a backrest, with the backrest connected to the base with a torsion leaf spring.
Utility
Furniture System
11 Aug 22
A furniture system includes vertical and horizontal frame members, and a connection assembly that includes a T-shaped slot located within the vertical frame member, a T-shaped tab extending from the horizontal frame member and configured to engage the at least one T-shaped slot, at least one locking slot located within the vertical frame member, a locking member configured to engage the locking slot, and a fastener configured such that when the fastener is secured to the locking member the T-shaped tab is driven into engagement with the T-shaped slot and the horizontal frame member is pulled toward the vertical member so as to connect the horizontal frame member to the vertical frame member.
Utility
Body Support Member with Lattice Structure
4 Aug 22
A body support structure includes a structural lattice structure having a first stiffness, and a compressive lattice structure supported by the structural lattice structure and having a second stiffness less than the first stiffness.
Design
Power case
2 Aug 22
Inventors: James Ludwig, Julie Yonehara, Hyun Yoo
Utility
Space guidance and management system and method
2 Aug 22
A system for use in a facility area including reservable spaces and common spaces and comprising a database storing space information, space map data and space scheduling information and including a user interface display screen mounted in a common space, a user location sensor and a processor linked to the databases and programmed to receive sensor signals and determine when a user is located within the sensing zone, the processor further programmed to generate and present a graphical facility area map representation of the facility area on the display screen and, upon detecting a user within the sensing zone, automatically identifying a destination space within the zone that the user likely intends to travel to and presenting an indication of the space on the graphical map indicating the location of the destination space within the facility.