STEELCASE INC (SCS)

Steelcase, Inc. engages in the manufacture and distribution of office environments. It operates through the following segments: Americas, EMEA, and Other. The Americas segment serves customers in the US, Canada, the Caribbean Islands, and Latin America through the Steelcase, AMQ, Coalesse, HALCON, Orangebox, Smith System, and Viccarbe brands. The EMEA segment provides service to customers in Europe, the Middle East, and Africa under the Steelcase, Coalesse, Orangebox and Viccarbe brands. The Other segment includes Asia Pacific and Designtex. The company was founded by Peter Martin Wege, Walter D. Idema, and David Hunting on March 14, 1912 and is headquartered in Grand Rapids, MI.

Address

901 44TH STREET SE
GRAND RAPIDS, MI 49508

Founded

1912

Number of Employees

11,300

Buyback

Buyback Data 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
$ Amount Purchased
($ in 000s )
$52,975 $21,735 $83,306 $33,840 $4,276 $8,680 $42,650 $54,840 $3,973 $4,243 $27,673 $30,744
Average Price $15.01 $17.64 $13.85 $14.05 $14.77 $16.55 $12.97 $13.59 $11.16 $8.24 $12.57 $13.86
# Shares Purchased 3,529,701 1,232,383 6,013,367 2,408,453 289,546 524,379 3,288,795 4,035,044 356,028 514,993 2,201,146 2,217,621
Buyback Performance 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
Total Return to Date -13.4% -26.3% -6.2% -7.5% -12.0% -21.5% 0.2% -4.3% 16.5% 57.8% 3.4% -6.2%
S&P 500 Return to Date 181.9% 173.0% 168.6% 129.7% 104.9% 93.1% 74.8% 31.7% 37.3% 31.3% 7.4% 94.0%
Excess Total Return -195.2% -199.3% -174.8% -137.2% -116.8% -114.6% -74.6% -36.0% -20.8% 26.4% -4.0% -100.2%
Quartile Rank
Percentile Rank 26% 24% 29% 34% 31% 23% 29% 42% 61% 87% 48% 38%
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.

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