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Steelcase: Fiscal 4Q Earnings Snapshot

GRAND RAPIDS, Mich. (AP) _ Steelcase Inc. (SCS) on Tuesday reported earnings of $22.6 million in its fiscal fourth quarter.

On a per-share basis, the Grand Rapids, Michigan-based company said it had profit of 19 cents. Earnings, adjusted for one-time gains and costs, were 29 cents per share.

The office furniture maker posted revenue of $912.4 million in the period.

For the year, the company reported profit of $126 million, or $1.05 per share. Revenue was reported as $3.44 billion.

For the current quarter ending in June, Steelcase said it expects revenue in the range of $830 million to $855 million.

The company expects full-year earnings to be $1.20 to $1.35 per share.

Steelcase shares have climbed 18 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $17.49, a climb of 23 percent 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