
Monday, June 09, 2025
Joe Gomes, CFA, Managing Director, Equity Research Analyst, Generalist , Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Noble Virtual Conference. Steelcase CFO Dave Sylvester and Director of IR Mike O’Meara presented at the Noble Virtual Conference. Highlights included return-to-office (RTO) trends, the international business, and tariffs. A rebroadcast is available at https://www.channelchek.com/videos/steelcase-scs-noble-capital-markets-virtual-conference-replay.
RTO Trends. While overall office occupancy improvement trends have somewhat flattened, Steelcase’s key end market, firms in Class A office space, are improving as more large companies are becoming more aggressive about employees returning to the office. And split working environments can be a benefit to Steelcase as employees need to set up work-from-home offices. Steelcase continues to lead the transformation of the workplace.
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