Shares of Steelcase Inc. (NYSE: SCS) surged 9.41% in after-hours trading on Wednesday following the release of the company's fourth-quarter and fiscal 2025 financial results, which exceeded analyst expectations and provided an optimistic outlook for the coming quarter.
The office furniture manufacturer reported adjusted earnings per share of $0.26 for the fourth quarter, significantly beating the analyst consensus estimate of $0.20. Revenue for the quarter came in at $788 million, surpassing the expected $781.6 million. This strong performance demonstrates Steelcase's ability to navigate challenges in the office furniture market and capitalize on the ongoing return-to-office trends.
Investors were particularly encouraged by Steelcase's robust backlog, which stood at approximately $694 million at the end of the fourth quarter, representing an 11% increase compared to the prior year. This growth in backlog suggests potential for continued revenue expansion in the coming quarters. Additionally, the company provided a positive outlook for the first quarter of fiscal 2026, projecting revenue between $760 million and $785 million, which is above the current consensus estimate of $745.25 million.
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