Steelcase (NYSE: SCS) has reported first-quarter fiscal 2026 results that surpassed expectations, marking a significant achievement for the company. Revenue increased by 7% year over year to $779 million, exceeding both the forecasted $760 million and the $762 million consensus. This performance underscores the company’s ability to outperform in a competitive market.

The company’s gross margin improved to 33.9%, surpassing its own guidance, while adjusted earnings per share (EPS) reached $0.20. This figure topped Noble’s estimate of $0.14 and the Street consensus of $0.13, highlighting Steelcase’s operational efficiency and profitability. The gains were primarily driven by strength in the Americas, particularly among corporate, government, and healthcare customers.

Despite the overall positive results, orders saw a slight dip, with a 1% growth internationally offset by a 1% decline in the Americas. Looking ahead, Steelcase anticipates revenue growth to be flat to 4% in the second quarter of fiscal 2026, with adjusted EPS expected to range between $0.36 and $0.40. These projections reflect the company’s cautious optimism about its future performance.

Steelcase’s management is set to discuss these results in more detail during its upcoming earnings call. The call is scheduled for 8:30 a.m. ET, providing investors and stakeholders with further insights into the company’s strategies and outlook.

For those interested in accessing the full report, more information is available here. This report offers a comprehensive analysis of Steelcase’s financial health and market position, making it a valuable resource for investors and analysts alike.

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