Latest news with #Steelcase
Yahoo
5 days ago
- Business
- Yahoo
Shareholders in Steelcase (NYSE:SCS) are in the red if they invested a year ago
Passive investing in an index fund is a good way to ensure your own returns roughly match the overall market. While individual stocks can be big winners, plenty more fail to generate satisfactory returns. Unfortunately the Steelcase Inc. (NYSE:SCS) share price slid 25% over twelve months. That falls noticeably short of the market return of around 19%. However, the longer term returns haven't been so bad, with the stock down 4.9% in the last three years. It's worthwhile assessing if the company's economics have been moving in lockstep with these underwhelming shareholder returns, or if there is some disparity between the two. So let's do just that. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). Even though the Steelcase share price is down over the year, its EPS actually improved. It's quite possible that growth expectations may have been unreasonable in the past. The divergence between the EPS and the share price is quite notable, during the year. So it's easy to justify a look at some other metrics. Revenue was fairly steady year on year, which isn't usually such a bad thing. However, it is certainly possible the market was expecting an uptick in revenue, and that the share price fall reflects that disappointment. You can see below how earnings and revenue have changed over time (discover the exact values by clicking on the image). We know that Steelcase has improved its bottom line over the last three years, but what does the future have in store? It might be well worthwhile taking a look at our free report on how its financial position has changed over time. What About Dividends? As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. In the case of Steelcase, it has a TSR of -22% for the last 1 year. That exceeds its share price return that we previously mentioned. And there's no prize for guessing that the dividend payments largely explain the divergence! A Different Perspective Steelcase shareholders are down 22% for the year (even including dividends), but the market itself is up 19%. Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. On the bright side, long term shareholders have made money, with a gain of 4% per year over half a decade. It could be that the recent sell-off is an opportunity, so it may be worth checking the fundamental data for signs of a long term growth trend. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Take risks, for example - Steelcase has 2 warning signs we think you should be aware of. If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: many of them are unnoticed AND have attractive valuation). Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-07-2025
- Business
- Yahoo
HNI Earnings: What To Look For From HNI
Workplace furnishings manufacturer HNI Corporation (NYSE:HNI) will be reporting results this Thursday before the bell. Here's what to look for. HNI beat analysts' revenue expectations by 3.3% last quarter, reporting revenues of $599.8 million, up 2% year on year. It was a stunning quarter for the company, with a solid beat of analysts' EPS estimates. Is HNI a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting HNI's revenue to grow 3.7% year on year to $646.5 million, slowing from the 10.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.86 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. HNI has missed Wall Street's revenue estimates five times over the last two years. Looking at HNI's peers in the business services & supplies segment, some have already reported their Q2 results, giving us a hint as to what we can expect. MillerKnoll delivered year-on-year revenue growth of 8.2%, beating analysts' expectations by 5.3%, and Steelcase reported revenues up 7.1%, topping estimates by 2.5%. MillerKnoll traded up 12.2% following the results while Steelcase was also up 2.4%. Read our full analysis of MillerKnoll's results here and Steelcase's results here. There has been positive sentiment among investors in the business services & supplies segment, with share prices up 5.1% on average over the last month. HNI is up 8.2% during the same time and is heading into earnings with an average analyst price target of $64 (compared to the current share price of $51.34). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Sign in to access your portfolio
Business Standard
15-07-2025
- Business
- Business Standard
NoMeansNo Presents India's Largest Platform on PoSH Compliance, Workplace Safety, and Inclusion - The 3rd National PoSH Conclave & Excellence Awards 2025
NewsVoir New Delhi [India], July 15: NoMeansNo, an initiative by the Centre for Skill Development & Training dedicated to achieving Total PoSH Compliance, proudly hosted the 3rd National PoSH Conclave & Excellence Awards 2025 at The Lalit, New Delhi. Presented in association with Nestle India, Steelcase, UCO Bank, Trilegal, Attero, Ferns N Petals (FNP), BIG FM, Yugank Media, and FITS (Federation of Industry, Trade & Service), the event brought together an unprecedented gathering of dignitaries, policymakers, legal experts, corporate leaders, HR heads, IC members, and DEI champions. It reaffirmed its status as India's largest platform for dialogue on workplace safety, inclusion, and Prevention of Sexual Harassment (PoSH) compliance. The event also featured the release of a landmark book authored by Vishal Bhasin, titled Objection Sustained, offering a comprehensive guide to top PoSH judgments and practical advice for IC members and HR leaders. Esteemed Dignitaries and Guests of Honor - Hon'ble Justice Prathiba M. Singh, High Court of Delhi (Valedictory Keynote) - Ms. Rekha Sharma, Hon'ble Member of Rajya Sabha & Former Chairperson, National Commission for Women - Dr. Rashmi Singh (IAS), Secretary, Department of Women & Child Development, GNCTD - Dr. Pavan Duggal, Senior Advocate, Supreme Court of India & Cyber Law Expert - Dr. Pinky Anand, Senior Advocate, Supreme Court of India & Former Additional Solicitor General of India (Guest of Honor) - Mr. Ajay Chaudhry (IPS), Special Commissioner of Police (Traffic), New Delhi - Mr. Amol Srivastava (IAS), District Magistrate, East Delhi & District Officer (PoSH) - Ms. Suhela Khan, Country Programme Manager, UN Women Agenda Highlights The conclave, attended by over 200 delegates, featured: * Keynote addresses & special sessions -- Setting the tone for inclusive and future- ready PoSH practices. * Book release: Objection Sustained -- Unveiling top PoSH judgments and compliance guidance. * Four power-packed panel discussions: 1. Towards a Gender-Neutral PoSH Framework -- Inclusion for all genders. 2. Leadership Accountability & Building a Safe Workplace Culture -- Emphasizing organizational responsibility. 3. Compliance in Action -- Role of Local Committees & District Officers, She-Box, and institutional collaboration. 4. PoSH in the Age of AI -- Addressing digital-age challenges and opportunities. Celebrating Excellence The event concluded with the PoSH Excellence Awards 2025, recognizing individuals and organizations making exemplary contributions to safer, more inclusive workplaces. Speaking on the occasion, Ms. Rekha Sharma, designation, "I am grateful to attend the POSH Conclave 2025 at The Lalit, New Delhi. This platform reinforces our shared commitment to safe, inclusive workplaces. Strengthening POSH implementation through awareness and accountability remains vital. I stand committed to supporting efforts that ensure dignity and more inclusive workplaces." Gaurav Thakur from Steelcase expressed, "Through our Women of Steel initiative, we're proud to champion strength, resilience, and equity at work -- values that align beautifully with the vision of the PoSH Conclave to create safer, more inclusive workplaces." Arti Bhardwaj expressed "At Nestle, we believe that creating safer, more inclusive workplaces begins with dialogue and commitment -- and the PoSH Conclave embodies both." Vishal Bhasin, Co-Founder of NoMeansNo, remarked, "Workplace safety and inclusion are not just compliance checkboxes -- they are cornerstones of human dignity. This Conclave is not only a dialogue but a call to action for organizations and individuals to move beyond policies and truly embody these values." NoMeansNo is a Centre for Skill Development & Training initiative and India's leading advocate for Total PoSH Compliance. It provides training, awareness, and resources to foster workplace safety and inclusion. Over three editions, the National PoSH Conclave & Excellence Awards has become the country's most influential platform in this space.
Fashion Value Chain
02-07-2025
- Business
- Fashion Value Chain
New Research Reveals that Managers Lack Spaces to Focus, Creating an Office Privacy Crisis
Two-thirds of managers feel privacy is their most important need in the office, a challenge compounded by outdated workplace layouts. Steelcase's new modular system, Be my guest by Orangebox, a Steelcase independent subsidiary, helps organisations close the privacy gap. According to new research from Steelcase, a global design and thought leader in the world of work, privacy has emerged as the top need in the workplace, especially for middle managers. Steelcase launches Be my guest, a new modular privacy solution by Orangebox Serving as the critical bridge between leadership and teams, middle managers are juggling the pressure of hybrid work, back-to-back meetings, and constant digital collaboration. Yet, 69% say they don't have access to the privacy they need. Two-thirds also rank privacy as their most important workplace need, yet senior leaders place it only fourth, behind collaboration, wellbeing, and focus – revealing a significant misalignment that leaves many managers overextended and under-supported. Moreover, middle managers are just as likely to be in meetings as senior leaders, yet they are significantly less satisfied with their ability to focus or collaborate effectively at work. When there are no nearby private areas, 50% of people resort to staying at their desks for video calls, leading to frequent interruptions, fatigue, and reduced productivity. These challenges are compounded by outdated workplace layouts. As people returned to offices post-pandemic, workspaces remained largely unchanged or had shifted further toward open collaboration at the expense of quiet zones. Assigned desks were sometimes removed to make room for more communal areas, further reducing access to private or enclosed environments. With 56% of meetings now including remote participants, the need for privacy has increased. According to industry reports, as of 2024, 12.7% of full-time employees in India work from home, while 28.2% follow a hybrid model. By the end of 2025, it's projected that 60 to 90 million Indian employees will work remotely or in hybrid setups. This growing shift reinforces the need for workplaces to evolve beyond traditional layouts and better support hybrid teams, through more adaptable and private environments. To help close this gap, Steelcase announces the launch of Be my guest, a new modular privacy solution by Orangebox designed to meet the demands of hybrid work environments in Asia. With quick assembly, scalability, and multiple configurations, the system is designed to act as a sanctuary in a busy workplace. Be my guestaddresses fundamental employee needs and frees up meeting rooms. Be my guestdelivers workplace flexibility through three configurable components: the Acoustic Booth, which creates a sound-shielded environment perfect for hybrid meetings and focused calls; the Connect Booth, which establishes visual boundaries that provide personal space while maintaining team connection – a feature that is particularly relevant for global in-house centres across India; and the Connect Canopy and Wall, which transforms any area into a semi-private retreat for quiet work or spontaneous collaboration. Be my guest empowers teams to seamlessly transition between collaborative and independent work. In India, where global organisations are scaling backend operations, Be my guest supports high-performance teams with flexible, hybrid-ready solutions. It offers rapid deployment and global design standards, helping companies create more productive and engaging environments. Tirthankar Basu, Managing Director India & SAARC at Steelcase said, 'Privacy is a fundamental need in today's workplace for better employee wellbeing and engagement. As hybrid work blurs the lines between collaboration and concentration, many organisations underestimate the importance of private spaces.' With clean lines, refined proportions, and carefully curated finishes, Be my guest brings a timeless, intentional design sensibility to the workplace. Each configuration, whether fully enclosed, semi-open, or a canopy, offers acoustic and visual separation without disconnecting users from the workplace around them. Be my guest is now available in India, China, Hong Kong SAR, Singapore, and Malaysia, through Steelcase WorkLife locations and dealer partners. About Steelcase Steelcase is a global design and thought leader in the world of work. For over a century, we have designed, manufactured and partnered with leading organizations worldwide to create furnishings and solutions for the many places where work happens – offices, homes, and learning and health environments. Through our research, we deliver insights and design innovation that create better outcomes for our customers around the world. Our solutions are brought to life through our dealer community, Steelcase store and retail partners. And because we're dedicated to doing our best work for the places we all share, we come together for people and the planet – using our business to help the world work better.
Yahoo
01-07-2025
- Business
- Yahoo
UniFirst (UNF) Q2 Earnings Report Preview: What To Look For
Workplace uniform provider UniFirst (NYSE:UNF) will be announcing earnings results this Wednesday before market open. Here's what to look for. UniFirst met analysts' revenue expectations last quarter, reporting revenues of $602.2 million, up 1.9% year on year. It was a strong quarter for the company, with a solid beat of analysts' full-year EPS guidance estimates and an impressive beat of analysts' EPS estimates. Is UniFirst a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting UniFirst's revenue to grow 1.9% year on year to $614.7 million, slowing from the 4.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.09 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. UniFirst has missed Wall Street's revenue estimates twice over the last two years. Looking at UniFirst's peers in the business services & supplies segment, some have already reported their Q2 results, giving us a hint as to what we can expect. MillerKnoll delivered year-on-year revenue growth of 8.2%, beating analysts' expectations by 5.3%, and Steelcase reported revenues up 7.1%, topping estimates by 2.5%. MillerKnoll traded up 12.2% following the results while Steelcase was also up 2.4%. Read our full analysis of MillerKnoll's results here and Steelcase's results here. There has been positive sentiment among investors in the business services & supplies segment, with share prices up 5.3% on average over the last month. UniFirst's stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $181.67 (compared to the current share price of $188.74). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
