Steelcase reports Q3 EPS 30c, consensus 22c

Reports Q3 revenue $777.9M, consensus $796.42M. Orders grew 15% in Q3 compared to the prior year. “Consistent with our expectations, orders remained relatively stable on a sequential basis this quarter and reflected strong growth versus the prior year,” said Sara Armbruster, president and CEO. “Our 16 percent year-over-year growth in the Americas was driven by our large corporate customers, which we believe is representative of the strength of our offering as companies invest in their workplaces to support new ways of working.”