Steelcase reports second quarter fiscal 2022 results

Grand rapids, mich., sept. 22, 2021 (globe newswire) -- steelcase inc. (nyse: scs) today reported second quarter revenue of $724.8 million and net income of $24.7 million, or $0.21 per share. in the prior year, steelcase reported revenue of $818.8 million and net income of $55.5 million, or $0.47 per share and adjusted earnings of $0.55 per share. in the prior year, revenue benefited from a stronger beginning backlog due to pandemic-related restrictions on manufacturing and delivery activities during the previous quarter, and net income benefited from significant temporary cost reduction actions.
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