GRAND RAPIDS, Mich. (AP) — GRAND RAPIDS, Mich. (AP) — Steelcase Inc. (SCS) on Wednesday reported net income of $13.6 million in its fiscal first quarter.
On a per-share basis, the Grand Rapids, Michigan-based company said it had profit of 11 cents. Earnings, adjusted for one-time gains and costs, came to 20 cents per share.
The office furniture maker posted revenue of $779 million in the period.
For the current quarter ending in August, Steelcase expects its per-share earnings to range from 36 cents to 40 cents.
The company said it expects revenue in the range of $860 million to $890 million for the fiscal second quarter.
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