Steelcase Inc. Class A (SCS)

Steelcase Inc.'s stock has been impacted by acquisition news, with HNI Corporation announcing its acquisition of Steelcase. This led to a surge in Steelcase's stock price. Other events include the release of financial results, the Annual Meeting of Shareholders, and developments related to the acquisition, such as HNI Corporation's consent solicitation for an exchange offer of Steelcase notes. Investor confidence has risen, with shares climbing and DekaBank Deutsche Girozentrale increasing its position in Steelcase Inc.

Demand for Steelcase's office furniture products can exhibit seasonality, with slight increases during tax season or at the beginning of the fiscal year. The autumn season influences shifts in design trends and purchasing habits. The rise of sustained hybrid-work policies has established a consistent baseline demand for home office furniture. Emerging trends like subscription models for desks and chairs are helping to flatten traditional revenue seasonality.

Steelcase Inc. designs and manufactures products for high-performance work environments, offering furniture systems, seating, storage, desks, tables, and interior architectural products. The company's brand community includes Steelcase, AMQ, Coalesse, Designtex, Halcon, Orangebox, Smith System, and Viccarbe.

Steelcase Inc. has a global presence with revenue from the Americas, EMEA, and Asia Pacific. Manufacturing and distribution are located in North America, Europe, and Asia. The company serves customers through approximately 790 independent and company-owned dealer locations.

Steelcase has maintained a strong brand reputation, being named among Fortune's World's Most Admired Companies for the 19th consecutive year and securing the top spot in the Home Equipment and Furnishings category. The company showcases its commitment to innovation and sustainability, presenting new products at NeoCon 2024 and announcing net-zero carbon emission reduction targets. Steelcase released its 2025 Impact Report and has consistently received an EcoVadis Gold Rating. Protecting its intellectual property and brand reputation is vital.

Steelcase Inc.'s ownership is primarily institutional, ranging from approximately 72.17% to 92.42%. Insiders own between 6.75% and 13.82%, while retail investors hold around 11.10% to 19.01%. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., and Dimensional Fund Advisors LP. Robert C. Pew III and Peter M. Wege are significant insider shareholders.