SCS Steelcase, Inc.
Steelcase Inc. manufactures and sells integrated furniture settings, user-centered technologies, and interior architectural products. It operates through Americas, EMEA, and Other Category segments. The firm's furniture portfolio includes panel, fence and beam-based furniture systems, storage products, fixed and height-adjustable desks, benches, and tables, as well as complementary products, including work tools and screens. Its seating products comprise ergonomic task chairs; seating for collaborative or casual settings; and specialty seating for specific vertical markets, such as healthcare and education. The firm's interior architectural products include full and partial height walls and architectural pods. It also provides textiles, wall coverings, and surface imaging solutions for architects and designers; and ceramic steel surfaces for use in various applications, including static whiteboards and chalkboards through third party fabricators and distributors, as well as workplace strategy consulting, data-driven space measurement, lease origination, furniture and asset management, and hosted event services. The company markets and sells its products to corporate, government, healthcare, education, and retail customers under the Steelcase, Coalesse, Smith System, AMQ, Turnstone, Orangebox, Designtex, and PolyVision brands. Steelcase was founded by Peter Martin Wege, Walter D. Idema, and David Hunting on March 14, 1912 and is headquartered in Grand Rapids, MI.
Company profile
Ticker
SCS
Exchange
Website
CEO
James P. Keane
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
HNI ...
SEC CIK
Corporate docs
IRS number
380819050
SCS stock data
()
Calendar
1 Jul 20
13 Jul 20
26 Feb 21
News
Company financial data Financial data
| Quarter (USD) | May 20 | Feb 20 | Nov 19 | Aug 19 | |
|---|---|---|---|---|---|
| Revenue | 482.8M | 946.2M | 955.2M | 998M | |
| Net income | -38.1M | 66.5M | 54.9M | 60.5M | |
| Diluted EPS | -0.33 | 0.55 | 0.46 | 0.5 | |
| Net profit margin | -7.89% | 7.03% | 5.75% | 6.06% | |
| Operating income | -52.3M | 69M | 75.1M | 85.3M | |
| Net change in cash | 96.5M | 173.3M | 138.6M | 76.4M | |
| Cash on hand | 637.5M | 541M | 367.7M | 229.1M | |
| Cost of revenue | 360.1M | 639M | 639.1M | 664.5M |
| Annual (USD) | Feb 20 | Feb 19 | Feb 18 | Feb 17 | |
|---|---|---|---|---|---|
| Revenue | 3.72B | 3.44B | 3.06B | 3.03B | |
| Net income | 199.7M | 126M | 80.7M | 124.6M | |
| Diluted EPS | 1.66 | 1.05 | 0.68 | 1.03 | |
| Net profit margin | 5.36% | 3.66% | 2.64% | 4.11% | |
| Operating income | 257M | 183.6M | 155.2M | 196.2M | |
| Net change in cash | 279.7M | -21.8M | 86M | 15.2M | |
| Cash on hand | 541M | 261.3M | 283.1M | 197.1M | |
| Cost of revenue | 2.51B | 2.36B | 2.05B | 2.02B |
Financial data from Steelcase earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|
| 10 Jun 20 | Robert C Pew Iii | Class A Common Stock | Grant | Aquire A | No | 0 | 3,755 | 0 | 136,164 |
| 10 Jun 20 | Niemann Jennifer C | Class A Common Stock | Grant | Aquire A | No | 0 | 2,503 | 0 | 9,387 |
| 10 Jun 20 | Duckworth Connie K | Class A Common Stock | Grant | Aquire A | No | 0 | 2,677 | 0 | 70,635 |
| 10 Jun 20 | Wolters Kate P | Class A Common Stock | Grant | Aquire A | No | 0 | 2,503 | 0 | 89,560 |
| 10 Jun 20 | Wege Peter M Ii | Class A Common Stock | Grant | Aquire A | No | 0 | 2,503 | 0 | 224,292 |
Institutional ownership Q1 2020
89.7% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 214 |
| Opened positions | 24 |
| Closed positions | 45 |
| Increased positions | 73 |
| Reduced positions | 85 |
13F shares |
Current |
|---|---|
| Total value | 4.87B |
| Total shares | 78.79M |
| Total puts | 787.1K |
| Total calls | 72.4K |
| Total put/call ratio | 10.9 |
Largest owners |
Shares | Value |
|---|---|---|
| Vanguard | 9.45M | $93.28M |
| BLK BlackRock | 7.77M | $76.72M |
| Earnest Partners | 7.55M | $74.51M |
| Cooke & Bieler | 4.74M | $46.8M |
| Dimensional Fund Advisors | 4.05M | $39.94M |
| Wellington Management | 3.69M | $36.47M |
| LSV Asset Management | 2.96M | $29.21M |
| STT State Street | 1.91M | $18.87M |
| Renaissance Technologies | 1.8M | $17.73M |
| New York State Common Retirement Fund | 1.66M | $16.43M |
Financial report summary
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Content analysis
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H.S. freshman Avg
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New words:
affiliate, aggregate, aggregated, Aid, answer, approach, arrangement, back, collectively, combat, Committee, comparison, compensatory, comprised, conducted, connection, conserve, consideration, corroborate, covenant, Cover, coverage, delayed, delivery, deterioration, disruption, document, doubtful, drove, earlier, eased, EBITDA, enable, enacted, enactment, enforceable, event, exceed, exceeded, ExhibitNo, exist, existed, existing, experienced, explicitly, fulfill, FY, gathered, hour, incorporated, Inline, instance, Interactive, interpretive, July, labor, legislation, leverage, light, mandatory, March, maximum, merit, modification, observable, obtaining, open, overhead, overtime, Page, pandemic, posted, preserve, provision, quality, question, ratio, recoverability, relevant, reliable, Relief, remeasured, rent, repaid, response, return, revolving, salaried, salary, scaled, scaling, shareholder, ship, significantly, Southeast, spread, statutory, substantially, supply, syndicated, temporary, tested, testing, trailing, travel, unable, uncertainty, unconsolidated, workforce, XBRL
Removed:
acquired, acquiring, acquisition, adjustment, advance, amortization, amortized, assessed, assessing, benchmark, bond, boost, broader, broker, building, Carlo, classification, collaboration, collaborative, combination, comparability, consisted, consumed, continued, core, create, cumulative, dealer, decision, deductible, designed, desking, domestic, effectively, employment, enhanced, entered, evaluating, expanding, financing, France, funded, grantor, greater, grew, hindsight, identifiable, immaterial, improved, improvement, independent, India, innovative, intangible, inventory, issuer, Kingdom, leader, learning, lessee, life, likelihood, Malaysia, manufacturer, margin, marketing, measurement, model, Monte, nonemployee, offer, office, package, plant, practical, preceding, previously, principally, principle, privacy, property, quantitative, ranging, reclassification, reclassify, recognize, recognizing, relate, rest, retained, Rule, scope, seller, selling, separate, simulation, standard, statement, strategy, strong, tangible, task, trade, transaction, Unregistered, vesting, volume, work
Financial reports
10-Q
2021 Q1
Quarterly report
1 Jul 20
10-K
2020 FY
Annual report
27 Apr 20
10-Q
2020 Q3
Quarterly report
19 Dec 19
10-Q
2020 Q2
Quarterly report
20 Sep 19
10-Q
2020 Q1
Quarterly report
21 Jun 19
10-K
2019 Q4
Annual report
12 Apr 19
10-Q
2019 Q3
Quarterly report
20 Dec 18
10-Q
2019 Q2
Quarterly report
21 Sep 18
10-Q
2019 Q1
Quarterly report
22 Jun 18
10-K
2018 Q4
Annual report
10 Apr 18
Current reports
8-K
Steelcase Reports First Quarter Fiscal 2021 Results
30 Jun 20
8-K
Steelcase Provides Update on Status of Operations, Selected Financial Metrics and Liquidity
26 May 20
8-K
Departure of Directors or Certain Officers
7 May 20
8-K
Steelcase Reports on Fourth Quarter and Fiscal 2020 Results and Actions to Maximize Liquidity and Conserve Capital
24 Mar 20
8-K
Entry into a Material Definitive Agreement
28 Feb 20
8-K
Steelcase Sells PolyVision to Industrial Opportunity Partners
24 Feb 20
8-K
Other Events
20 Dec 19
8-K
Steelcase Reports Third Quarter Fiscal 2020 Results
17 Dec 19
8-K
Steelcase Reports Second Quarter Fiscal 2020 Results
19 Sep 19
8-K
Submission of Matters to a Vote of Security Holders
11 Jul 19
Registration and prospectus
424B5
Prospectus supplement for primary offering
17 Jan 19
FWP
Free writing prospectus
16 Jan 19
424B5
Prospectus supplement for primary offering
16 Jan 19
S-3ASR
Automatic shelf registration
9 Jan 19
424B2
Prospectus for primary offering
28 Jan 11
FWP
Free writing prospectus
27 Jan 11
424B5
Prospectus supplement for primary offering
24 Jan 11
S-3/A
Shelf registration (amended)
21 May 09
S-3
Shelf registration
24 Apr 09
S-8
Registration of securities for employees
5 Oct 07
Proxies
DEF 14A
Definitive proxy
3 Jun 20
DEFA14A
Additional proxy soliciting materials
3 Jun 20
DEF 14A
Definitive proxy
29 May 19
DEFA14A
Additional proxy soliciting materials
29 May 19
DEF 14A
Definitive proxy
30 May 18
DEFA14A
Additional proxy soliciting materials
30 May 18
DEF 14A
Definitive proxy
31 May 17
DEFA14A
Additional proxy soliciting materials
31 May 17
DEF 14A
Definitive proxy
1 Jun 16
DEFA14A
Additional proxy soliciting materials
1 Jun 16
Other
SD
Conflict minerals disclosure
21 May 20
SD
Conflict minerals disclosure
17 May 19
SD
Conflict minerals disclosure
16 May 18
SD
Conflict minerals disclosure
12 May 17
SD
Conflict minerals disclosure
18 May 16
UPLOAD
Letter from SEC
4 Sep 15
CORRESP
Correspondence with SEC
3 Sep 15
UPLOAD
Letter from SEC
27 Aug 15
SD
Conflict minerals disclosure
29 May 15
SD
Conflict minerals disclosure
30 May 14
Ownership
4
STEELCASE / KATE P WOLTERS ownership change
12 Jun 20
4
STEELCASE / PETER M WEGE II ownership change
12 Jun 20
4
STEELCASE / ROBERT C PEW III ownership change
12 Jun 20
4
STEELCASE / Jennifer C Niemann ownership change
12 Jun 20
4
STEELCASE / CONNIE K DUCKWORTH ownership change
12 Jun 20
4
STEELCASE / David C Sylvester ownership change
17 Apr 20
4
STEELCASE / Allan W Smith JR ownership change
17 Apr 20
4
STEELCASE / Eddy F Schmitt ownership change
17 Apr 20
4
STEELCASE / Lizbeth S O'Shaughnessy ownership change
17 Apr 20
4
STEELCASE / James N Ludwig ownership change
17 Apr 20
Patents
GRANT
Design
Shelving, storage, and desk unit
7 Jul 20
Inventors: John Mark Allen, Colin Cote, Bryan Mark Wahlfield, Megan Wallace, Alvin Berdette Larson, Bradley Youngs
GRANT
Design
Base with pole
7 Jul 20
Inventors: Sean M. Derrick, Thomas Siffer, Penghao Shan, John M. Allen, Justin G. Beitzel, Alban Moriniere, William Bennie
GRANT
Design
Chair arm
30 Jun 20
Inventors: James Ludwig, Mark Spoelhof, Nickolaus William Charles Deevers, Kurt Heidmann
GRANT
Utility
Height adjustable support surface and system for encouraging human movement and promoting wellness
23 Jun 20
A system for adjusting a height of a workstation, comprising a height adjust system for a workstation, the height adjust system being adjustable in elevation, a worktop mounted to the height adjustment system for movement therewith to different positions, a first sensor device for sensing the presence of a workstation user within a space associated with the workstation, a processor that tracks and stores at least the duration of time that the worktop is in at least one of a sitting position and a standing position while a user is within the space associated with the workstation, the processor further providing a user with a reminder to change a current position of the worktop to another position.
GRANT
Design
Barrow cart
16 Jun 20
Inventors: Eric A. Otto, Penghao Shan, John M. Allen, Justin G. Beitzel, Alban Moriniere, William Bennie