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.