Steelcase Inc. is a global leader in office furniture and workspace solutions, specializing in innovative designs that enhance the way people work, collaborate, and engage within their environments. The company offers a wide range of products, including desks, chairs, and modular systems, with a focus on creating adaptable and sustainable workspaces that foster productivity and well-being. In addition to furniture, Steelcase provides strategic consulting and design services to organizations seeking to transform their work environments. By leveraging research and insights into workplace dynamics, Steelcase aims to provide solutions that address the evolving needs of modern work culture. Read More
Shares of office furniture manufacturer Steelcase (NYSE:SCS) jumped 65.8% in the afternoon session after the company was acquired by HNI Corporation (NYSE: HNI) in a cash and stock deal valued at approximately $2.2 billion. Under the terms of the agreement, Steelcase shareholders received $7.20 in cash and 0.2192 shares of HNI common stock for each of their shares. The deal, expected to close by the end of 2025, resulted in HNI shareholders owning about 64% of the combined entity, while Steelcase shareholders retained the remaining 36%.
Stay up-to-date with the latest market trends in the middle of the day on Monday. Explore the top gainers and losers during today's session in our detailed report.
BALA CYNWYD, Pa., Aug. 04, 2025 (GLOBE NEWSWIRE) -- Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky (jbrodsky@brodskysmith.com) or Marc Ackerman (mackerman@brodskysmith.com) at 855-576-4847. There is no cost or financial obligation to you.
Let's delve into the US markets on Monday and uncover the stocks that are experiencing notable gaps in today's session. Below, you'll find the gap up and gap down stocks.
Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Steelcase Inc. (NYSE: SCS) to HNI Corporation for $7.20 in cash and 0.2192 shares of HNI common stock for each share of Steelcase is fair to Steelcase shareholders.
As the US market prepares to open on Monday, let's get an early glimpse into the pre-market session and identify the stocks leading the pack in terms of gains and losses.
HNI Corporation (NYSE: HNI) and Steelcase Inc. (NYSE: SCS) today announced that they have entered into a definitive agreement under which HNI will acquire Steelcase in a cash and stock transaction, with a total consideration of approximately $2.2 billion to Steelcase common shareholders.
Office furniture manufacturer Steelcase (NYSE:SCS) beat Wall Street’s revenue expectations in Q2 CY2025, with sales up 7.1% year on year to $779 million. The company expects next quarter’s revenue to be around $875 million, close to analysts’ estimates. Its non-GAAP profit of $0.20 per share was 50% above analysts’ consensus estimates.
Channelchek, a Noble Financial Group, Inc. product and service, reports that Steelcase (NYSE: SCS) delivered first-quarter fiscal 2026 results ahead of expectations, with revenue rising 7% year over year to $779 million—above both the $760 million forecast and $762 million consensus. Gross margin improved to 33.9%, surpassing guidance, while adjusted EPS reached $0.20, topping Noble’s $0.14 estimate and the $0.13 Street consensus. Strength in the Americas, especially among corporate, government, and healthcare customers, drove the gains.
While profitability is essential, it doesn’t guarantee long-term success.
Some companies that rest on their margins will lose ground as competition intensifies - as Jeff Bezos said, "Your margin is my opportunity".
Office furniture manufacturer Steelcase (NYSE:SCS) reported Q2 CY2025 results topping the market’s revenue expectations, with sales up 7.1% year on year to $779 million. The company expects next quarter’s revenue to be around $875 million, close to analysts’ estimates. Its non-GAAP profit of $0.20 per share was 50% above analysts’ consensus estimates.
The stocks in this article have caught Wall Street’s attention in a big way, with price targets implying returns above 20%.
But investors should take these forecasts with a grain of salt because analysts typically say nice things about companies so their firms can win business in other product lines like M&A advisory.
The Russell 2000 (^RUT) is home to many small-cap stocks, offering investors the chance to uncover hidden gems before the broader market catches on.
However, these companies often come with higher volatility and risk, as their smaller size makes them more vulnerable to economic downturns.
Value stocks typically trade at discounts to the broader market, offering patient investors the opportunity to buy businesses when they’re out of favor.
The key risk, however, is that these stocks are usually cheap for a reason – five cents for a piece of fruit may seem like a great deal until you find out it’s rotten.
Stocks trading between $10 and $50 can be particularly interesting as they frequently represent businesses that have survived their early challenges.
However, investors should remain vigilant as some may still have unproven business models, leaving them vulnerable to the ebbs and flows of the broader market.
Looking back on office & commercial furniture stocks’ Q1 earnings, we examine this quarter’s best and worst performers, including Steelcase (NYSE:SCS) and its peers.
