Latest news with #Steelcase
Yahoo
3 days ago
- Business
- Yahoo
HNI Earnings: What To Look For From HNI
Workplace furnishings manufacturer HNI Corporation (NYSE:HNI) will be reporting results this Thursday before the bell. Here's what to look for. HNI beat analysts' revenue expectations by 3.3% last quarter, reporting revenues of $599.8 million, up 2% year on year. It was a stunning quarter for the company, with a solid beat of analysts' EPS estimates. Is HNI a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting HNI's revenue to grow 3.7% year on year to $646.5 million, slowing from the 10.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.86 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. HNI has missed Wall Street's revenue estimates five times over the last two years. Looking at HNI's peers in the business services & supplies segment, some have already reported their Q2 results, giving us a hint as to what we can expect. MillerKnoll delivered year-on-year revenue growth of 8.2%, beating analysts' expectations by 5.3%, and Steelcase reported revenues up 7.1%, topping estimates by 2.5%. MillerKnoll traded up 12.2% following the results while Steelcase was also up 2.4%. Read our full analysis of MillerKnoll's results here and Steelcase's results here. There has been positive sentiment among investors in the business services & supplies segment, with share prices up 5.1% on average over the last month. HNI is up 8.2% during the same time and is heading into earnings with an average analyst price target of $64 (compared to the current share price of $51.34). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Sign in to access your portfolio
Business Standard
15-07-2025
- Business
- Business Standard
NoMeansNo Presents India's Largest Platform on PoSH Compliance, Workplace Safety, and Inclusion - The 3rd National PoSH Conclave & Excellence Awards 2025
NewsVoir New Delhi [India], July 15: NoMeansNo, an initiative by the Centre for Skill Development & Training dedicated to achieving Total PoSH Compliance, proudly hosted the 3rd National PoSH Conclave & Excellence Awards 2025 at The Lalit, New Delhi. Presented in association with Nestle India, Steelcase, UCO Bank, Trilegal, Attero, Ferns N Petals (FNP), BIG FM, Yugank Media, and FITS (Federation of Industry, Trade & Service), the event brought together an unprecedented gathering of dignitaries, policymakers, legal experts, corporate leaders, HR heads, IC members, and DEI champions. It reaffirmed its status as India's largest platform for dialogue on workplace safety, inclusion, and Prevention of Sexual Harassment (PoSH) compliance. The event also featured the release of a landmark book authored by Vishal Bhasin, titled Objection Sustained, offering a comprehensive guide to top PoSH judgments and practical advice for IC members and HR leaders. Esteemed Dignitaries and Guests of Honor - Hon'ble Justice Prathiba M. Singh, High Court of Delhi (Valedictory Keynote) - Ms. Rekha Sharma, Hon'ble Member of Rajya Sabha & Former Chairperson, National Commission for Women - Dr. Rashmi Singh (IAS), Secretary, Department of Women & Child Development, GNCTD - Dr. Pavan Duggal, Senior Advocate, Supreme Court of India & Cyber Law Expert - Dr. Pinky Anand, Senior Advocate, Supreme Court of India & Former Additional Solicitor General of India (Guest of Honor) - Mr. Ajay Chaudhry (IPS), Special Commissioner of Police (Traffic), New Delhi - Mr. Amol Srivastava (IAS), District Magistrate, East Delhi & District Officer (PoSH) - Ms. Suhela Khan, Country Programme Manager, UN Women Agenda Highlights The conclave, attended by over 200 delegates, featured: * Keynote addresses & special sessions -- Setting the tone for inclusive and future- ready PoSH practices. * Book release: Objection Sustained -- Unveiling top PoSH judgments and compliance guidance. * Four power-packed panel discussions: 1. Towards a Gender-Neutral PoSH Framework -- Inclusion for all genders. 2. Leadership Accountability & Building a Safe Workplace Culture -- Emphasizing organizational responsibility. 3. Compliance in Action -- Role of Local Committees & District Officers, She-Box, and institutional collaboration. 4. PoSH in the Age of AI -- Addressing digital-age challenges and opportunities. Celebrating Excellence The event concluded with the PoSH Excellence Awards 2025, recognizing individuals and organizations making exemplary contributions to safer, more inclusive workplaces. Speaking on the occasion, Ms. Rekha Sharma, designation, "I am grateful to attend the POSH Conclave 2025 at The Lalit, New Delhi. This platform reinforces our shared commitment to safe, inclusive workplaces. Strengthening POSH implementation through awareness and accountability remains vital. I stand committed to supporting efforts that ensure dignity and more inclusive workplaces." Gaurav Thakur from Steelcase expressed, "Through our Women of Steel initiative, we're proud to champion strength, resilience, and equity at work -- values that align beautifully with the vision of the PoSH Conclave to create safer, more inclusive workplaces." Arti Bhardwaj expressed "At Nestle, we believe that creating safer, more inclusive workplaces begins with dialogue and commitment -- and the PoSH Conclave embodies both." Vishal Bhasin, Co-Founder of NoMeansNo, remarked, "Workplace safety and inclusion are not just compliance checkboxes -- they are cornerstones of human dignity. This Conclave is not only a dialogue but a call to action for organizations and individuals to move beyond policies and truly embody these values." NoMeansNo is a Centre for Skill Development & Training initiative and India's leading advocate for Total PoSH Compliance. It provides training, awareness, and resources to foster workplace safety and inclusion. Over three editions, the National PoSH Conclave & Excellence Awards has become the country's most influential platform in this space.
Fashion Value Chain
02-07-2025
- Business
- Fashion Value Chain
New Research Reveals that Managers Lack Spaces to Focus, Creating an Office Privacy Crisis
Two-thirds of managers feel privacy is their most important need in the office, a challenge compounded by outdated workplace layouts. Steelcase's new modular system, Be my guest by Orangebox, a Steelcase independent subsidiary, helps organisations close the privacy gap. According to new research from Steelcase, a global design and thought leader in the world of work, privacy has emerged as the top need in the workplace, especially for middle managers. Steelcase launches Be my guest, a new modular privacy solution by Orangebox Serving as the critical bridge between leadership and teams, middle managers are juggling the pressure of hybrid work, back-to-back meetings, and constant digital collaboration. Yet, 69% say they don't have access to the privacy they need. Two-thirds also rank privacy as their most important workplace need, yet senior leaders place it only fourth, behind collaboration, wellbeing, and focus – revealing a significant misalignment that leaves many managers overextended and under-supported. Moreover, middle managers are just as likely to be in meetings as senior leaders, yet they are significantly less satisfied with their ability to focus or collaborate effectively at work. When there are no nearby private areas, 50% of people resort to staying at their desks for video calls, leading to frequent interruptions, fatigue, and reduced productivity. These challenges are compounded by outdated workplace layouts. As people returned to offices post-pandemic, workspaces remained largely unchanged or had shifted further toward open collaboration at the expense of quiet zones. Assigned desks were sometimes removed to make room for more communal areas, further reducing access to private or enclosed environments. With 56% of meetings now including remote participants, the need for privacy has increased. According to industry reports, as of 2024, 12.7% of full-time employees in India work from home, while 28.2% follow a hybrid model. By the end of 2025, it's projected that 60 to 90 million Indian employees will work remotely or in hybrid setups. This growing shift reinforces the need for workplaces to evolve beyond traditional layouts and better support hybrid teams, through more adaptable and private environments. To help close this gap, Steelcase announces the launch of Be my guest, a new modular privacy solution by Orangebox designed to meet the demands of hybrid work environments in Asia. With quick assembly, scalability, and multiple configurations, the system is designed to act as a sanctuary in a busy workplace. Be my guestaddresses fundamental employee needs and frees up meeting rooms. Be my guestdelivers workplace flexibility through three configurable components: the Acoustic Booth, which creates a sound-shielded environment perfect for hybrid meetings and focused calls; the Connect Booth, which establishes visual boundaries that provide personal space while maintaining team connection – a feature that is particularly relevant for global in-house centres across India; and the Connect Canopy and Wall, which transforms any area into a semi-private retreat for quiet work or spontaneous collaboration. Be my guest empowers teams to seamlessly transition between collaborative and independent work. In India, where global organisations are scaling backend operations, Be my guest supports high-performance teams with flexible, hybrid-ready solutions. It offers rapid deployment and global design standards, helping companies create more productive and engaging environments. Tirthankar Basu, Managing Director India & SAARC at Steelcase said, 'Privacy is a fundamental need in today's workplace for better employee wellbeing and engagement. As hybrid work blurs the lines between collaboration and concentration, many organisations underestimate the importance of private spaces.' With clean lines, refined proportions, and carefully curated finishes, Be my guest brings a timeless, intentional design sensibility to the workplace. Each configuration, whether fully enclosed, semi-open, or a canopy, offers acoustic and visual separation without disconnecting users from the workplace around them. Be my guest is now available in India, China, Hong Kong SAR, Singapore, and Malaysia, through Steelcase WorkLife locations and dealer partners. About Steelcase Steelcase is a global design and thought leader in the world of work. For over a century, we have designed, manufactured and partnered with leading organizations worldwide to create furnishings and solutions for the many places where work happens – offices, homes, and learning and health environments. Through our research, we deliver insights and design innovation that create better outcomes for our customers around the world. Our solutions are brought to life through our dealer community, Steelcase store and retail partners. And because we're dedicated to doing our best work for the places we all share, we come together for people and the planet – using our business to help the world work better.
Yahoo
01-07-2025
- Business
- Yahoo
UniFirst (UNF) Q2 Earnings Report Preview: What To Look For
Workplace uniform provider UniFirst (NYSE:UNF) will be announcing earnings results this Wednesday before market open. Here's what to look for. UniFirst met analysts' revenue expectations last quarter, reporting revenues of $602.2 million, up 1.9% year on year. It was a strong quarter for the company, with a solid beat of analysts' full-year EPS guidance estimates and an impressive beat of analysts' EPS estimates. Is UniFirst a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting UniFirst's revenue to grow 1.9% year on year to $614.7 million, slowing from the 4.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.09 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. UniFirst has missed Wall Street's revenue estimates twice over the last two years. Looking at UniFirst's peers in the business services & supplies segment, some have already reported their Q2 results, giving us a hint as to what we can expect. MillerKnoll delivered year-on-year revenue growth of 8.2%, beating analysts' expectations by 5.3%, and Steelcase reported revenues up 7.1%, topping estimates by 2.5%. MillerKnoll traded up 12.2% following the results while Steelcase was also up 2.4%. Read our full analysis of MillerKnoll's results here and Steelcase's results here. There has been positive sentiment among investors in the business services & supplies segment, with share prices up 5.3% on average over the last month. UniFirst's stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $181.67 (compared to the current share price of $188.74). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
Yahoo
26-06-2025
- Business
- Yahoo
SCS Q2 Deep Dive: Large Corporate Demand Offsets Education and International Weaknesses
Office furniture manufacturer Steelcase (NYSE:SCS) beat Wall Street's revenue expectations in Q2 CY2025, with sales up 7.1% year on year to $779 million. The company expects next quarter's revenue to be around $875 million, close to analysts' estimates. Its non-GAAP profit of $0.20 per share was 50% above analysts' consensus estimates. Is now the time to buy SCS? Find out in our full research report (it's free). Revenue: $779 million vs analyst estimates of $759.9 million (7.1% year-on-year growth, 2.5% beat) Adjusted EPS: $0.20 vs analyst estimates of $0.13 (50% beat) Adjusted EBITDA: $64.8 million vs analyst estimates of $52.33 million (8.3% margin, 23.8% beat) Revenue Guidance for Q3 CY2025 is $875 million at the midpoint, roughly in line with what analysts were expecting Adjusted EPS guidance for Q3 CY2025 is $0.38 at the midpoint, below analyst estimates of $0.41 Operating Margin: 4.5%, up from 3.3% in the same quarter last year Market Capitalization: $1.22 billion Steelcase's second quarter was shaped by robust demand from large corporate customers, particularly in the Americas, which offset challenges in the education and government sectors as well as ongoing international softness. Management credited the company's 7% year-on-year revenue growth to strong order activity from technology and financial services clients, along with the successful launch of new workplace solutions. CEO Sara Armbruster emphasized, "Our largest clients are seeking our help to reshape space to support collaboration and connection," highlighting the evolving needs driving recent project wins. However, the company faced headwinds from reduced education sector spending, influenced by changes in federal funding policies, and continued macroeconomic pressures in Germany and France. Looking ahead, Steelcase's guidance reflects both confidence in continued corporate sector momentum and caution about lingering headwinds. Management expects growth from large organizations to persist, supported by recent product launches tailored to hybrid work and workplace transformation. However, CFO Dave Sylvester noted that ongoing tariff costs, uncertainty around federal policies affecting education spending, and restructuring efforts in Europe may limit profitability improvements in the near term. As Armbruster stated, Steelcase remains focused on executing its strategy while navigating a 'dynamic environment of evolving tariff and trade policies.' Management identified strong order growth from large corporate clients, successful product launches for hybrid workspaces, and targeted cost reduction initiatives as central to this quarter's performance. Large corporate demand: Orders from major technology and financial services clients outpaced expectations, driven by companies investing in workplace transformation for hybrid and collaborative work models. Armbruster described these projects as a direct response to evolving needs around 'collaboration and privacy.' Education and government declines: The education sector faced notable order reductions due to the expiration of federal ESSER (Elementary and Secondary School Emergency Relief) funds and broader uncertainty in future public funding, leading to budget adjustments and delayed projects in K-12 districts. International segment challenges: Germany and France continued to experience weak demand, particularly from small and midsized businesses impacted by economic softness. Management has initiated restructuring efforts, including workforce reductions and negotiations with European unions, aiming to restore profitability in these markets. Product innovation focus: Steelcase unveiled new offerings such as the expanded Ocular collection and Jean Nouvel Seating Collection at Design Days in Chicago, targeting needs for hybrid collaboration and flexible office environments. These launches generated strong customer feedback and contributed to recent project wins. Cost and margin management: The company achieved its twelfth consecutive quarter of gross margin expansion, attributed to operational efficiencies and cost controls. Tariff and inflation pressures were partially offset by pricing actions and ongoing process improvements. Steelcase expects future results to hinge on sustained corporate demand, effective cost management, and the impact of tariffs and funding policy shifts. Corporate sector resilience: Management anticipates continued strength from large companies as they invest in updating office spaces for hybrid work, with recent feedback from events like Design Days suggesting ongoing demand for collaborative and flexible workspace solutions. Education and government uncertainty: The outlook for education-related sales remains cautious due to the phase-out of federal funding and shifting budget priorities, which could dampen seasonal revenue peaks typically seen in the summer months. International restructuring and cost control: Steelcase is executing cost-saving measures in Europe, including workforce reductions and facility consolidations, to adapt to weak demand environments. Management believes these actions are necessary to restore profitability even if volumes remain subdued. In coming quarters, the StockStory team will be monitoring (1) the pace of large corporate office space investments and their contribution to order growth, (2) the effectiveness of cost-cutting and restructuring measures in Europe, and (3) stabilization or further declines in education sector demand as public funding policies shift. Progress on new product adoption and success in offsetting tariff and inflation impacts will also be important markers for Steelcase's continued recovery. Steelcase currently trades at $10.51, down from $10.63 just before the earnings. Is there an opportunity in the stock?The answer lies in our full research report (it's free). Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today.
