Similar companies
| Company | Revenue | |
|---|---|---|
| No data for previous quarter available yet. | ||
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 856M | 17.7% |
| Gross Profit | 295M | 26% |
| Cost of Revenue | 559M | 14.9% |
| Operating expense | 205M | 5.7% |
| Net Income | 63M | 478.9% |
| EBITDA | 70M | 59.2% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 2.27B | 6.8% |
| Total Liabilities | 1.34B | 6.7% |
| Total Equity | 933M | 6.9% |
| Shares Outstanding | 114M | 0.1% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 108M | 282.9% |
| Cash from investing | 31M | 165.9% |
| Cash from financing | -14M | 64.3% |
EPS
Financial Highlights for Steelcase in Q3 '24
Steelcase reported a revenue of 856M, which is a 17.7% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 295M, marking a 26% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 559M, a 14.9% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 205M, showing a -5.7% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 63M, showing a 478.9% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 70M, showing a 59.2% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Steelcase with growth in revenue, gross profit, and net income.
