Steelcase Inc. Common Stock (SCS)
Frequently Asked Questions About Steelcase Inc. Common Stock (SCS)
Does Steelcase offer custom solutions?
Yes, Steelcase Inc. offers custom solutions to meet the specific needs of its clients, allowing businesses to design workspaces that reflect their culture and operational requirements. Their design consultants work collaboratively with clients to create tailored layouts and configurations, ensuring functionality and aesthetics align.
How can customers purchase Steelcase products?
Customers can purchase Steelcase products through various channels, including their official website, authorized dealers, and showrooms across the globe. The company also provides consultation services to help clients choose the best solutions for their workspace needs and advises on product installation and support.
How does Steelcase address employee well-being?
Steelcase Inc. prioritizes employee well-being by designing workspaces that support physical and mental health. Their products incorporate ergonomic principles, encouraging movement and collaboration, and they promote environments that foster creativity, inclusivity, and engagement, reflecting their commitment to enhancing workforce productivity.
How does Steelcase ensure product quality?
Steelcase Inc. upholds a high standard of product quality through strict quality control processes and adherence to international manufacturing standards. The company implements rigorous testing and evaluation protocols to ensure safety, durability, and performance, and actively seeks customer feedback to improve its offerings.
Is Steelcase Inc. publicly traded?
Yes, Steelcase Inc. is publicly traded on the New York Stock Exchange under the ticker symbol SCS. As a publicly traded company, it is subject to the regulatory requirements of the NYSE and regularly reports its financial performance and business updates to shareholders.
What awards has Steelcase received?
Steelcase Inc. has received numerous awards for its design excellence, innovation, and sustainability efforts. The company’s products have been recognized by various design organizations and publications, showcasing its commitment to quality and its impact on enhancing workplace performance and well-being.
What does Steelcase Inc. do?
Steelcase Inc. is a global leader in the office furniture industry, specializing in designing and manufacturing innovative workspace solutions. The company offers a range of products designed to improve workplace performance by addressing the needs of both individuals and organizations. Their offerings include office desks, chairs, workstations, collaborative spaces, and more.
What industries does Steelcase serve?
Steelcase Inc. serves a variety of industries, including corporate offices, education, healthcare, government, and hospitality. The company designs products and solutions tailored to meet the distinct needs of each sector, focusing on how space can enhance human experiences and organizational effectiveness.
What is Steelcase's approach to sustainability?
Steelcase Inc. is committed to sustainability and environmentally responsible practices. The company incorporates sustainable materials in its products, emphasizes energy-efficient manufacturing processes, and engages in initiatives to minimize waste and reduce carbon footprints, aligning its business goals with ecological stewardship.
What is Steelcase's commitment to innovation?
Steelcase Inc. is dedicated to innovation as a core principle of its business model. The company invests significantly in research and development, collaborates with leading designers and institutions, and explores new technologies to continually enhance its products and solutions to foster better workplace experiences.
What is Steelcase's international presence?
Steelcase Inc. has a significant international presence, operating in over 80 countries and serving customers worldwide. The company's global operations include manufacturing facilities, design centers, and sales offices, allowing it to cater to diverse markets and leverage insights from different regions to inform its product development.
What is the financial performance of Steelcase?
As of the latest reports, Steelcase Inc. has shown resilience in its financial performance despite market challenges. The company's diverse portfolio and commitment to innovation have helped maintain steady revenue growth, and it regularly publishes financial statements that detail sales, profits, and strategic initiatives.
What market trends affect Steelcase's business?
Steelcase Inc. is affected by several market trends, including the rise of remote work, the demand for flexible workspaces, the focus on employee well-being, and advancements in technology that facilitate collaboration. These trends prompt Steelcase to adapt its product offerings and business strategies to meet evolving customer needs.
What products does Steelcase Inc. offer?
Steelcase Inc. offers a wide range of products designed to create effective and inspiring work environments. Their product lines include office furniture such as desks, chairs, modular systems, collaborative spaces, technology solutions, and various acoustical and aesthetic elements to enhance workspace performance.
What recent innovations has Steelcase introduced?
Steelcase Inc. consistently invests in research and development to drive innovation in workspace design. Recent innovations include ergonomic seating solutions, adaptable workstations, and integrated technologies that promote collaboration and productivity. The company also explores the use of data and analytics to enhance workplace design strategies.
What role does technology play in Steelcase's products?
Technology plays a critical role in Steelcase Inc.'s products, with solutions designed to integrate seamlessly with modern digital tools and communication systems. The company focuses on creating furniture that supports digital workflows, such as wired and wireless connectivity, thereby enhancing collaboration and efficiency in the workplace.
What trends in workplace design does Steelcase advocate?
Steelcase Inc. advocates for several key trends in workplace design, emphasizing the importance of flexibility, collaboration, and employee engagement. The company promotes designs that create adaptable environments where individuals can choose how and where they work best while fostering interaction and community within organizations.
When was Steelcase Inc. founded?
Steelcase Inc. was founded in 1912 in Grand Rapids, Michigan. Originally established as a manufacturer of steel office furniture, the company has since evolved to become a leader in innovative office solutions and has expanded its product lines to enhance workplace efficiency and connectivity.
Where is Steelcase Inc. headquartered?
Steelcase Inc. is headquartered in Grand Rapids, Michigan, USA. The company's headquarters includes innovative workspace environments that reflect its commitment to design, sustainability, and collaboration, serving as a showcase for its products and solutions.
Who are Steelcase's main competitors?
Steelcase Inc. faces competition from several major companies in the office furniture and workplace solutions industry, including Herman Miller, HNI Corporation, Knoll, and Teknion. These competitors also offer innovative designs and solutions aimed at improving work environments, which drives Steelcase to continually innovate and differentiate its offerings.
Who are the key executives at Steelcase?
Steelcase Inc. is led by a team of experienced executives with diverse backgrounds in business, design, and engineering. Key executives include the CEO, who sets strategic direction, and other senior leaders responsible for operations, product development, sales, and finance, working together to drive the company’s growth.
What is the current price of Steelcase Inc. Common Stock?
The current price of Steelcase Inc. Common Stock is 10.68
When was Steelcase Inc. Common Stock last traded?
The last trade of Steelcase Inc. Common Stock was at 4:10 pm EDT on April 4th, 2025
What is the market capitalization of Steelcase Inc. Common Stock?
The market capitalization of Steelcase Inc. Common Stock is 1.24B
How many shares of Steelcase Inc. Common Stock are outstanding?
Steelcase Inc. Common Stock has 115.70M shares outstanding.