Welcome to JSA Consultancy Services

A business consultancy, based in London, England, John Sacks' JSA Consultancy Services provides expert, in-depth, information advice and guidance as to how to exploit successfully the office furniture and interiors markets in Europe, North America, Australasia and Japan.

Steelcase 1st qtr results down 34%

Saturday 28 June 2008

Office furniture maker Steelcase Inc. said Friday its fiscal first-quarter fell 34 percent, hurt by weak results in the U.S.

Profit for the quarter ended May 30 fell 34 percent to $22.1 million, or 16 cents per share, from $33.6 million, or 23 cents per share last year. Results include $4.7 million in restructuring costs.

Revenue rose less than 1 percent to $815.7 million from $808.5 million.

Analysts polled by Thomson Financial, on average, predicted a profit of 22 cents per share on revenue of $812 million. Analyst estimates typically exclude one-time charges.

International sales rose 29 percent, driven by strength in Germany, Benelux (an economic union in Western Europe that includes Belgium, the Netherlands, and Luxembourg), the Middle East, Africa and Latin America.

However, sales in North America fell 9 percent.

Subscribe to our News Page

Enter your email here and we will tell you when this page is updated.



moreLatest News

Wednesday 10 January 2018 Announcing PANTONE 18-3838 Ultra Violet, PANTONE® Color of the Year 2018.

“A dramatically provocative and thoughtful purple shade, PANTONE 18-3838 Ultra Violet communicates

Tuesday 9 January 2018 Knoll Designs Armless MultiGeneration Light Task ChairKnoll Inc. alleges patented chair design was u

PHILADELPHIA – A furniture company with a place of business in Greenville alleges one of its paten

Sunday 7 January 2018 Herman Miller reports Second Quarter Fiscal 2018 Results – orders at all-time-high

Herman Miller, Inc. (NASDAQ: MLHR) today announced results for its second quarter ended December 2,

Wednesday 3 January 2018 Swindon Furniture Company Hit by Brexit Rescued

A furniture company whose sales went into decline after the vote on Brexit has been sold out of admi

Contact Us

JSA Consultancy Services
4-5 Gray’s Inn Square, Gray’s Inn,
London, WC1R 5AH, England

+44 (0) 20 7688 1928