Steelcase Inc (SCS)

Industrials | Business Equipment Supplies
Income Statement (Quarterly) 2025-08-29 2025-05-30 2025-02-28 2024-11-22
Revenue 897,100,000 779,000,000 788,000,000 794,900,000
Cost of Revenue 585,000,000 515,200,000 536,700,000 529,500,000
Gross Profit 312,100,000 263,800,000 251,300,000 265,400,000
Operating Expenses
R&D Expenses 0 0 0 0
SG&A Expenses 0 0 241,800,000 200,000
Operating Expenses 247,100,000 238,300,000 241,800,000 224,400,000
Operating Income 53,100,000 25,500,000 9,500,000 41,000,000
Interest Expense 6,300,000 6,300,000 6,800,000 6,300,000
Income Before Tax 52,100,000 18,800,000 8,100,000 26,100,000
Income Tax Expense 17,100,000 5,200,000 -19,500,000 7,000,000
Net Income 35,000,000 13,600,000 27,600,000 19,100,000
Per Share
EPS 0.29 0.12 0.24 0.16
EPS Diluted 0.00 0.00 0.00 0.00
Income Statement (Annual) 2025-02-28 2024-02-23 2023-02-24 2022-02-25 2021-02-26
Revenue 3,166,000,000 3,159,600,000 3,232,600,000 2,772,700,000 2,596,200,000
Cost of Revenue 2,119,500,000 2,147,200,000 2,313,200,000 2,011,200,000 1,833,400,000
Gross Profit 1,046,500,000 1,012,400,000 919,400,000 761,500,000 762,800,000
Operating Expenses
R&D Expenses 0 0 0 0 0
SG&A Expenses 878,100,000 600,000 806,300,000 711,700,000 0
Operating Expenses 888,000,000 894,600,000 837,200,000 741,400,000 684,200,000
Operating Income 158,100,000 117,800,000 95,700,000 20,100,000 43,000,000
Interest Expense 25,700,000 25,900,000 28,400,000 25,700,000 27,100,000
Income Before Tax 134,200,000 107,100,000 51,600,000 1,600,000 25,900,000
Income Tax Expense 13,500,000 26,000,000 16,300,000 -2,400,000 -200,000
Net Income 120,700,000 81,100,000 35,300,000 4,000,000 26,100,000
Per Share
EPS 1.02 0.68 0.30 0.03 0.22
EPS Diluted 0.00 0.00 0.00 0.00 0.00
Balance Sheet (Quarterly) 2025-02-28 2024-02-23 2023-02-24 2022-02-25
Assets
Cash and Cash Equivalents 346,300,000 318,600,000 90,400,000 200,900,000
Short Term Investments 41,600,000 0 0 0
Net Receivables 323,100,000 338,300,000 378,600,000 382,100,000
Inventory 245,700,000 231,000,000 319,700,000 326,200,000
Total Current Assets 1,029,000,000 959,400,000 884,000,000 959,200,000
Property Plant Equipment 469,300,000 521,500,000 574,800,000 602,600,000
Goodwill and Intangibles 350,500,000 369,400,000 388,000,000 328,300,000
Total Assets 2,330,400,000 2,236,700,000 2,202,800,000 2,261,000,000
Liabilities
Account Payables 228,200,000 211,300,000 203,500,000 243,600,000
Short Term Debt 39,700,000 45,100,000 80,400,000 49,300,000
Total Current Liabilities 669,100,000 607,100,000 603,300,000 567,200,000
Long Term Debt 561,000,000 584,900,000 615,400,000 659,600,000
Total Liabilities 1,378,700,000 1,349,600,000 1,376,600,000 1,408,800,000
Shareholders Equity
Retained Earnings 985,900,000 912,800,000 879,300,000 901,300,000
Total Shareholders Equity 951,700,000 887,100,000 826,200,000 852,200,000
Balance Sheet (Annual) 2025-02-28 2024-02-23 2023-02-24 2022-02-25 2020-02-28
Assets
Cash and Cash Equivalents 346,300,000 318,600,000 90,400,000 200,900,000 541,000,000
Short Term Investments 41,600,000 0 0 0 0
Net Receivables 323,100,000 338,300,000 378,600,000 382,100,000 372,400,000
Inventory 245,700,000 231,000,000 319,700,000 326,200,000 215,000,000
Total Current Assets 1,029,000,000 959,400,000 884,000,000 959,200,000 1,188,800,000
Property Plant Equipment 469,300,000 521,500,000 574,800,000 602,600,000 664,200,000
Goodwill and Intangibles 350,500,000 369,400,000 388,000,000 328,300,000 336,500,000
Total Assets 2,330,400,000 2,236,700,000 2,202,800,000 2,261,000,000 2,565,400,000
Liabilities
Account Payables 228,200,000 211,300,000 203,500,000 243,600,000 244,300,000
Short Term Debt 39,700,000 45,100,000 80,400,000 49,300,000 46,000,000
Total Current Liabilities 669,100,000 607,100,000 603,300,000 567,200,000 690,900,000
Long Term Debt 561,000,000 584,900,000 615,400,000 659,600,000 695,400,000
Total Liabilities 1,378,700,000 1,349,600,000 1,376,600,000 1,408,800,000 1,595,000,000
Shareholders Equity
Retained Earnings 985,900,000 912,800,000 879,300,000 901,300,000 1,011,300,000
Total Shareholders Equity 951,700,000 887,100,000 826,200,000 852,200,000 970,400,000
Cash Flow Statement (Quarterly) 2025-02-28 2024-02-23 2023-02-24 2022-02-25
Operating Activities
Net Income 120,700,000 81,100,000 35,300,000 4,000,000
Depreciation & Amortization 80,800,000 83,600,000 90,000,000 83,200,000
Stock Based Compensation 24,500,000 26,000,000 21,800,000 16,100,000
Change in Working Capital -1,800,000 121,400,000 -58,200,000 -171,700,000
Operating Cash Flow 148,500,000 308,700,000 89,400,000 -102,600,000
Investing Activities
Capital Expenditure -47,100,000 -47,100,000 -59,100,000 -60,500,000
Investments -47,100,000 -47,100,000 -59,100,000 -60,500,000
Investing Cash Flow -34,800,000 6,100,000 -134,800,000 -65,500,000
Financing Activities
Debt Repayment 0 -32,200,000 -565,200,000 0
Common Stock Issued/Repurchased -36,400,000 -4,200,000 -3,900,000 -55,200,000
Dividends Paid -47,600,000 -47,600,000 -57,300,000 -62,600,000
Financing Cash Flow -84,000,000 -85,900,000 -62,900,000 -120,000,000
Summary
Free Cash Flow 101,400,000 261,600,000 30,300,000 -163,100,000
Net Change in Cash 27,900,000 228,700,000 -109,800,000 -288,600,000
Cash Flow Statement (Annual) 2025-02-28 2024-02-23 2023-02-24 2022-02-25 2021-02-26
Operating Activities
Net Income 120,700,000 81,100,000 35,300,000 4,000,000 26,100,000
Depreciation & Amortization 80,800,000 83,600,000 90,000,000 83,200,000 85,200,000
Stock Based Compensation 24,500,000 26,000,000 21,800,000 16,100,000 20,900,000
Change in Working Capital -1,800,000 121,400,000 -58,200,000 -171,700,000 -115,000,000
Operating Cash Flow 148,500,000 308,700,000 89,400,000 -102,600,000 64,800,000
Investing Activities
Capital Expenditure -47,100,000 -47,100,000 -59,100,000 -60,500,000 -41,300,000
Investments -47,100,000 -47,100,000 -59,100,000 -60,500,000 0
Investing Cash Flow -34,800,000 6,100,000 -134,800,000 -65,500,000 -30,600,000
Financing Activities
Debt Repayment 0 -32,200,000 -565,200,000 0 -252,400,000
Common Stock Issued/Repurchased -36,400,000 -4,200,000 -3,900,000 -55,200,000 -42,700,000
Dividends Paid -47,600,000 -47,600,000 -57,300,000 -62,600,000 -43,500,000
Financing Cash Flow -84,000,000 -85,900,000 -62,900,000 -120,000,000 -87,800,000
Summary
Free Cash Flow 101,400,000 261,600,000 30,300,000 -163,100,000 23,500,000
Net Change in Cash 27,900,000 228,700,000 -109,800,000 -288,600,000 -51,500,000