Steelcase Inc. (SCS) reported third-quarter net income of $23.6 million, or $0.18 per share, up from $22.4 million or $0.17 per share in the third quarter of the prior year.
Excluding restructuring costs, adjusted earnings for the latest-quarter were $0.22 per share.
Revenue for the quarter was $727.2 million, up from $719.4 million in the year ago quarter.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.21 per share on revenues of $722.10 million for the quarter. Analysts' estimates typically exclude special items.
The company expects fourth quarter fiscal 2013 revenue to be in the range of $695 to $720 million. This estimate includes an assumption of approximately $2 million from unfavorable currency translation effects compared to the prior year and approximately $4 million from recent acquisitions.
Adjusting for these impacts, the company projects fourth quarter organic revenue growth in the range of 0 to 4 percent over the prior year.
Steelcase expects to report earnings to be between $0.14 to $0.18 per share for the fourth quarter of fiscal 2013, including restructuring costs of approximately $0.02 per share.
Analysts expect the company to report earnings of $0.19 per share on revenues of $708.70 million for the fourth-quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.