Steelcase, a leading furniture supplier, reported better-than-expected quarterly profit and sales due to increased orders for its furniture. Orders rose by 9% compared to the previous year, driven by strong growth in the Americas market, particularly from sales to large corporations and government agencies. Steelcase also forecasts its current-quarter adjusted earnings to surpass analysts' expectations.

Following the positive results, Steelcase (SCS) saw a surge in its stock price as the company exceeded projections and provided optimistic guidance amidst rising orders. The company's fourth-quarter fiscal 2025 adjusted earnings per share was $0.26, with revenue increasing by approximately 2% to $788.0 million year-over-year. Orders expanded by 9%, primarily led by a 12% increase in the Americas market. While sales in the Americas grew by almost 5% to $608.1 million, international sales declined by 7% to $179.9 million.

Steelcase's CEO, Sara Armbruster, highlighted the strong order growth in the Americas, attributing it to various customer segments, particularly notable growth from large corporate and government clients. Armbruster also mentioned that the company stands to benefit from the trend of more organizations requiring their employees to return to the office, thus reducing remote work options.

For the current quarter, Steelcase anticipates adjusted earnings per share to fall within the range of $0.13 to $0.17, slightly exceeding Visible Alpha's estimate of $0.14. Despite a 5% increase in its stock price, Steelcase shares still show a 15% decrease over the past year.