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Steelcase Inc. (SCS)

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James P. Hackett , CEO/President/Director

www.steelcase.com

Industry: Consumer Goods

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Overview

News

People

Financials

Overview

The Company designs, markets and manufactures office furniture and complementary products and services.

News Feeds

Steelcase sets quarterly dividend AP
Oct 03 2008
Steelcase expects 3Q profit below estimates AP
Sep 29 2008
Steelcase 2nd-quarter profit falls 17 percent AP
Sep 29 2008

Portfolio Blogs

TED Flash: TEDster Swag
Feb 27 2008

Press Releases

Steelcase Declares Quarterly Dividend Oct-03-2008, 09:23AM EDT
Steelcase Reports Second Quarter Earnings Per Share of $0.23 on Revenue Growth of 9% Sep-29-2008, 07:29AM EDT
Turnstone Expands Fabric Options for Seating Collection with Exclusive Designs from Designtex Sep-16-2008, 09:00AM EDT
Steelcase Inc. to Webcast Second Quarter Conference Call Sep-08-2008, 09:31AM EDT
Coalesse(TM): New Premium Brand Delivers Inspired Furnishings for Work and Life Aug-12-2008, 12:18PM EDT

News From Around the Web

News

Research and Markets: Office Furniture Market in Western Europe 2008 Report Now Available (TMCnet.com)

Oct 10 2008
Steelcase posts lower net quarterly earnings (Yahoo! News)

Oct 09 2008
Can you walk and work at the same time? (IOL, South Africa)

Oct 08 2008
Lust (Grist)

Oct 07 2008
3 Stocks That Blew the Market Away (MSN Money)

Oct 07 2008
Desk treadmill allows users to do their work while getting a workout (Detroit Free Press)

Oct 07 2008
Treadmill desk mixes exercise, work (NY Daily News)

Oct 04 2008
Job flexibility for all faiths (Atlanta Journal Constitution)

Oct 03 2008
A Lot Is Riding on SAP Data Warehouse Release (Computerworld)

Aug 15 2008
To telecommute or not to telecommute? (Computerworld)

Aug 12 2008

Employees

Number of Employees: 13,500

Revenue per Employee: $253,692

Top Executives

Michael I. Love, Divisional President

Mark T. Greiner, Divisional Senior VP

Lizbeth S. O'Shaughnessy, Other Executive Officer/Secretary/Vice President

Robert C. Pew, II, Other Corporate Officer

James P. Keane, President, Divisional

David C. Sylvester, CFO/Vice President

Nancy W. Hickey, Chief Administrative Officer/Senior VP

John S. Malnor, President, Divisional

Mark T. Mossing, Chief Accounting Officer/Controller

Frank H. Merlotti, Jr., President, Divisional

James G. Mitchell, Divisional President

Mark A. Baker, Other Corporate Officer/Senior VP

Board of Directors

Lizbeth S. O'Shaughnessy, Other Executive Officer/Secretary/Vice President

Robert C. Pew, III, Chairman of the Board/Director

Kate Pew Wolters, Director

Cathy D. Ross, Director

David W. Joos, Director

Elizabeth (Lisa) Valk Long, Director

P. Craig Welch, Jr., Director

William P. Crawford, Director

Peter M. Wege, II, Director

Michael J. Jandernoa, Director

Earl D. Holton, Director

Financials

Quarterly

Annual

Income Statement	06/2008	03/2008	12/2007	09/2007
Sales	522.5 Mil.	592.1 Mil.	563.6 Mil.	526.5 Mil.
Gross Operating Profit	293.2 Mil.	309.2 Mil.	322.3 Mil.	298.7 Mil.
Operating Income before D & A (EBITDA)	66.2 Mil.	68.8 Mil.	78.1 Mil.	75.9 Mil.
Total Income Before Interest Expenses (EBIT)	43.1 Mil.	50.7 Mil.	57.9 Mil.	68.6 Mil.
Total Net Income	22.1 Mil.	30.6 Mil.	31.3 Mil.	37.7 Mil.
Basic EPS, Total	0.16	0.22	0.22	0.26
Diluted EPS, Total	0.16	0.22	0.22	0.26

BALANCE STATEMENT	06/2008	03/2008	12/2007	09/2007
Cash and Equivalents	88.7 Mil.	212.5 Mil.	467.6 Mil.	409.9 Mil.
Total Assets	843.6 Mil.	934.7 Mil.	1.27 Bil.	1.17 Bil.
Total Liabilities	647.3 Mil.	682.4 Mil.	687 Mil.	614.7 Mil.
Total Capitalization	1.13 Bil.	1.16 Bil.	1.45 Bil.	1.43 Bil.

Cash Flow	06/2008	03/2008	12/2007	09/2007
Net Cash From Continuing Operations	-56.8 Mil.	249.7 Mil.	167.8 Mil.	62.4 Mil.
Net Cash From Investing Activities	-5.7 Mil.	-92.7 Mil.	-65.4 Mil.	-45.8 Mil.
Net Cash From Financing Activities	-63.2 Mil.	-484.4 Mil.	-174.1 Mil.	-139.1 Mil.
Net Change in Cash & Cash Equivalents	-125.2 Mil.	-314.7 Mil.	-59.6 Mil.	-117.3 Mil.

Income Statement	2008	2007	2006	2005
Sales	2.2 Bil.	2.05 Bil.	1.87 Bil.	1.73 Bil.
Gross Operating Profit	1.22 Bil.	1.05 Bil.	998.9 Mil.	881.5 Mil.
Operating Income before D & A (EBITDA)	977.5 Mil.	217.5 Mil.	240.8 Mil.	159.2 Mil.
Total Income Before Interest Expenses (EBIT)	889.3 Mil.	143.1 Mil.	94.5 Mil.	25.9 Mil.
Total Net Income	133.2 Mil.	106.9 Mil.	48.9 Mil.	12.7 Mil.
Basic EPS, Total	0.93	0.72	0.33	0.09
Diluted EPS, Total	0.93	0.71	0.33	0.09

BALANCE STATEMENT	2008	2007	2006	2005
Cash and Equivalents	212.5 Mil.	527.2 Mil.	423.8 Mil.	216.6 Mil.
Total Assets	934.7 Mil.	1.23 Bil.	1.13 Bil.	1.06 Bil.
Total Liabilities	682.4 Mil.	644.1 Mil.	836.2 Mil.	609.5 Mil.
Total Capitalization	1.16 Bil.	1.49 Bil.	1.21 Bil.	1.45 Bil.

Cash Flow	2008	2007	2006	2005
Net Cash From Continuing Operations	249.7 Mil.	280.5 Mil.	175.5 Mil.	114.7 Mil.
Net Cash From Investing Activities	-92.7 Mil.	-51.9 Mil.	127.7 Mil.	-25.7 Mil.
Net Cash From Financing Activities	-484.4 Mil.	-127.1 Mil.	-101.6 Mil.	-60.3 Mil.
Net Change in Cash & Cash Equivalents	-314.7 Mil.	103.4 Mil.	207.2 Mil.	34.4 Mil.

Steelcase Inc. (SCS)

Company Information

Overview

Employees

Top Executives

Board of Directors

Financials

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