Steelcase Reports Strong Start to Fiscal 2026

Steelcase ( (SCS) ) just unveiled an announcement.

Steelcase reported a strong start to fiscal 2026 with a 7% increase in first-quarter revenue compared to the previous year, driven by 9% growth in the Americas. The company’s operating income rose by 45%, and its gross margin improved by 170 basis points. Despite a slight decline in orders, Steelcase remains confident in its strategy, focusing on restructuring efforts and cost reduction initiatives to enhance profitability, especially in response to challenges in the international market. The company anticipates flat to 4% revenue growth in the second quarter of fiscal 2026, with continued emphasis on strategic investments and customer engagement.

The most recent analyst rating on (SCS) stock is a Buy with a $18.00 price target. To see the full list of analyst forecasts on Steelcase stock, see the SCS Stock Forecast page.

Spark’s Take on SCS Stock

According to Spark, TipRanks’ AI Analyst, SCS is a Outperform.

Steelcase’s overall score is driven by solid financial performance and strong earnings call highlights. Positive valuation metrics further enhance its attractiveness, though technical indicators suggest a cautious short-term outlook. Challenges in international markets and cash flow decline need attention for sustained growth.

To see Spark’s full report on SCS stock, click here.

More about Steelcase

Steelcase Inc. operates in the office furniture industry, providing a range of products and services designed to enhance workplace environments. The company focuses on creating spaces that support connection, creativity, and performance, catering primarily to large corporate, government, and healthcare customers.

Average Trading Volume: 767,188

Technical Sentiment Signal: Sell

Current Market Cap: $1.25B

For a thorough assessment of SCS stock, go to TipRanks’ Stock Analysis page.