Steelcase reports first quarter results

USA (Notifix).- Steelcase Inc. reported first quarter revenue of US$ 675.2 million and net income of US$ 13.2 million. Steelcase reported $639.4 million of revenue in first

quarter of the prior year. "The Americas achieved double-digit organic revenue growth for the seventh consecutive quarter and posted an adjusted operating income margin of 8.9 percent ? a significant improvement from 6.9 percent in the prior year," said James P. Hackett, president and CEO. "We expect the momentum in the Americas to continue in the second quarter."

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