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Steelcase: Fiscal 4Q Earnings Snapshot

GRAND RAPIDS, Mich. (AP) _ Steelcase Inc. (SCS) on Tuesday reported fiscal fourth-quarter net income of $66.5 million.

The Grand Rapids, Michigan-based company said it had profit of 55 cents per share. Earnings, adjusted for non-recurring gains, were 39 cents per share.

The office furniture maker posted revenue of $946.2 million in the period.

For the year, the company reported profit of $199.7 million, or $1.66 per share. Revenue was reported as $3.72 billion.

Steelcase shares have declined 51% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $10.02, a decline of 32% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SCS at https://www.zacks.com/ap/SCS