Steelcase, 3Q results outperform estimates

USA (Notifix).- Steelcase Inc. reported third quarter revenue of USD 719.4 million and net income of USD 22.4 million; revenue was ahead of company estimates. Steelcase

reported USD 672.6 million of revenue in the third quarter of the prior year. "The Americas segment posted another strong quarter with organic revenue growth of 15 percent and an adjusted operating margin of approximately 9 percent," said James P. Hackett, president and CEO. "Based on the strength of third quarter orders and the highest backlog in more than three years, we expect this momentum to continue in the fourth quarter."

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