Steelcase reports third quarter fiscal 2021 results

Grand rapids, mich., dec. 17, 2020 (globe newswire) -- steelcase inc. (nyse: scs) today reported third quarter revenue of $617.5 million and net income of $2.1 million, or diluted earnings of $0.02 per share, which included $11.4 million of pre-tax restructuring costs related to previously announced workforce reductions. excluding those charges, net of related income tax benefits, adjusted earnings were $0.08 per share. the results also reflected a delay of approximately $60 million of revenue to the fourth quarter due to a temporary global operations shutdown implemented to protect the company's systems during a cyberattack. in the prior year, steelcase reported $955.2 million of revenue and net income of $54.9 million, or diluted earnings of $0.46 per share.
SCS Ratings Summary
SCS Quant Ranking