Steelcase (NYSE: SCS) shares surged 13.02% in pre-market trading on Thursday, as investors reacted positively to the company's latest financial results and outlook. The office furniture manufacturer's stock price movement reflects growing confidence in its business performance and future prospects.

The significant uptick comes after Steelcase reported better-than-expected fiscal fourth-quarter financial results. Adding to the optimism, the company issued first-quarter guidance that exceeded analysts' estimates. This combination of strong historical performance and positive forward-looking projections has evidently sparked renewed interest in Steelcase stock among investors, driving the pre-market rally.