Steelcase stock hits 52-week high, reaching 17.26 USD

Steelcase Inc. stock has reached a new 52-week high, climbing to 17.26 USD, marking a remarkable 60% surge over the past six months. This milestone underscores a strong performance over the past year, with the company’s stock price increasing by 30.68%. According to InvestingPro data, the company maintains healthy financials with a current ratio of 1.66 and has maintained dividend payments for 28 consecutive years, offering a dividend yield of 2.33%. The office furniture maker’s stock has benefited from a combination of robust demand and strategic initiatives aimed at optimizing operations and expanding its market presence. The recent price level reflects investor confidence in Steelcase’s ability to navigate economic challenges and capitalize on opportunities within the evolving workspace solutions industry. With an EBITDA of $137 million and moderate debt levels, InvestingPro analysis suggests the stock may still have room to grow. Discover 8 more exclusive ProTips and comprehensive valuation metrics with an InvestingPro subscription.

In other recent news, Steelcase Inc. reported its second-quarter earnings for fiscal year 2026, surpassing analysts’ expectations. The company achieved an earnings per share of $0.45, beating the forecast of $0.37, and posted a revenue of $897 million, which exceeded predictions of $873.6 million. Meanwhile, HNI Corporation announced the commencement of an exchange offer for all outstanding Steelcase 5.125% Notes due 2029, as part of its planned acquisition of the office furniture maker. This offer allows holders of Steelcase notes to exchange them for new HNI notes with identical terms, along with a $2.50 cash consent payment for each $1,000 of Steelcase notes tendered by the early deadline. These developments highlight significant financial and strategic moves for both companies.

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