Steelcase Q1 revenue $779M, +7% YoY; adj. EPS $0.20 vs $0.16; Q2 guide adj. EPS $0.36-0.40

STEELCASE INC

2026-Q1 EPS reported $0.11 revenue$779,000,000

Revenue of $779.0M, up 7% YoY; net income $13.6M ($0.11 EPS) vs $10.9M ($0.09 EPS).
Gross margin improved 170 bps to 33.9%; operating income increased 45% to $25.5M.
Americas revenue +9% (led by large corporate); International organic revenue -1% (Germany, France weakness).
Restructuring actions: Americas headcount cuts targeting ~$20M annual savings; European cost-reduction procedures initiated.
Q2 FY26 guidance: rev $860-890M; adj. EPS $0.36-0.40; backlog $801M (+2%); dividend $0.10/share payable July 21.

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