Steelcase Management
Management criteria checks 3/4
Steelcase's CEO is Sara Armbruster, appointed in Jan 2014, has a tenure of 3.75 years. total yearly compensation is $6.15M, comprised of 15.7% salary and 84.3% bonuses, including company stock and options. directly owns 0.66% of the company’s shares, worth $8.85M. The average tenure of the management team and the board of directors is 2 years and 7.7 years respectively.
Key information
Sara Armbruster
Chief executive officer
US$6.2m
Total compensation
| CEO salary percentage | 15.7% |
| CEO tenure | 11yrs |
| CEO ownership | 0.7% |
| Management average tenure | 2yrs |
| Board average tenure | 7.7yrs |
Recent management updates
Recent updates
Steelcase: Trying To Position Away From Corporate Offices
Dec 29Steelcase (NYSE:SCS) Has Affirmed Its Dividend Of $0.10
Dec 24
Steelcase (NYSE:SCS) Seems To Use Debt Quite Sensibly
Dec 16With EPS Growth And More, Steelcase (NYSE:SCS) Makes An Interesting Case
Nov 26Is Steelcase Inc. (NYSE:SCS) Potentially Undervalued?
Oct 30Is There An Opportunity With Steelcase Inc.'s (NYSE:SCS) 35% Undervaluation?
Oct 04Steelcase: A Value Play, Especially After Its Recent Dip
Sep 19Investors Aren't Entirely Convinced By Steelcase Inc.'s (NYSE:SCS) Earnings
Sep 09Steelcase: Uncertainty In The Economy Keeps Me At Bay
Sep 04Is Now The Time To Put Steelcase (NYSE:SCS) On Your Watchlist?
Jul 15Steelcase (NYSE:SCS) Will Pay A Dividend Of $0.10
Jun 23We Think Steelcase (NYSE:SCS) Can Stay On Top Of Its Debt
Jun 22Why Steelcase Inc. (NYSE:SCS) Could Be Worth Watching
Jun 07Steelcase: Only Modest Upside Remains
Jun 05What You Can Learn From Steelcase Inc.'s (NYSE:SCS) P/E
May 24Steelcase's (NYSE:SCS) Solid Earnings Have Been Accounted For Conservatively
Mar 27Steelcase's (NYSE:SCS) Dividend Will Be $0.10
Mar 24Steelcase (NYSE:SCS) Has A Pretty Healthy Balance Sheet
Mar 23Steelcase: A Challenging Turnaround Case
Mar 08Steelcase Inc.'s (NYSE:SCS) Intrinsic Value Is Potentially 31% Above Its Share Price
Feb 12Why Steelcase Inc. (NYSE:SCS) Could Be Worth Watching
Jan 26Steelcase Inc. (NYSE:SCS) Not Flying Under The Radar
Jan 05Steelcase: Improving Profits And Strong Cash Flow Generation (Rating Upgrade)
Dec 24Is Steelcase (NYSE:SCS) Using Too Much Debt?
Dec 21Steelcase: Back To Office, Back On Growth
Oct 15What Is Steelcase Inc.'s (NYSE:SCS) Share Price Doing?
Oct 13Steelcase (NYSE:SCS) Is Paying Out A Dividend Of $0.10
Sep 23Steelcase Q2 Earnings: A Stellar Quarter Reaffirms The Bullish Case
Sep 21Steelcase Inc. (NYSE:SCS) Shares Could Be 31% Below Their Intrinsic Value Estimate
Sep 21Steelcase: Near-Term Revenue Headwinds Keep Me On The Sidelines
Sep 09These 4 Measures Indicate That Steelcase (NYSE:SCS) Is Using Debt Extensively
Sep 01Steelcase: Showing Signs Of A Turnaround
Jun 27Steelcase (NYSE:SCS) Has A Somewhat Strained Balance Sheet
May 17An Intrinsic Calculation For Steelcase Inc. (NYSE:SCS) Suggests It's 44% Undervalued
Apr 19Is Now The Time To Look At Buying Steelcase Inc. (NYSE:SCS)?
Mar 28Steelcase: Q3 2023 Shines Little Light On Future Growth Prospects
Jan 24These 4 Measures Indicate That Steelcase (NYSE:SCS) Is Using Debt Extensively
Jan 09Should You Investigate Steelcase Inc. (NYSE:SCS) At US$8.18?
Nov 17CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Nov 22 2024 | n/a | n/a | US$111m |
| Aug 23 2024 | n/a | n/a | US$122m |
| May 24 2024 | n/a | n/a | US$87m |
| Feb 23 2024 | US$6m | US$966k | US$78m |
| Nov 24 2023 | n/a | n/a | US$73m |
| Aug 25 2023 | n/a | n/a | US$54m |
| May 26 2023 | n/a | n/a | US$47m |
| Feb 24 2023 | US$4m | US$900k | US$34m |
| Nov 25 2022 | n/a | n/a | US$17m |
| Aug 26 2022 | n/a | n/a | US$15m |
| May 27 2022 | n/a | n/a | US$20m |
| Feb 25 2022 | US$5m | US$697k | US$4m |
| Nov 26 2021 | n/a | n/a | US$12m |
| Aug 27 2021 | n/a | n/a | US$5m |
| May 28 2021 | n/a | n/a | US$35m |
| Feb 26 2021 | US$1m | US$398k | US$26m |
| Nov 27 2020 | n/a | n/a | US$84m |
| Aug 28 2020 | n/a | n/a | US$136m |
| May 29 2020 | n/a | n/a | US$141m |
| Feb 28 2020 | US$2m | US$473k | US$196m |
| Nov 22 2019 | n/a | n/a | US$153m |
| Aug 23 2019 | n/a | n/a | US$136m |
| May 24 2019 | n/a | n/a | US$124m |
| Feb 22 2019 | US$1m | US$451k | US$124m |
| Nov 23 2018 | n/a | n/a | US$101m |
| Aug 24 2018 | n/a | n/a | US$90m |
| May 25 2018 | n/a | n/a | US$78m |
| Feb 23 2018 | US$1m | US$439k | US$79m |
Compensation vs Market: Sara's total compensation ($USD6.15M) is about average for companies of similar size in the US market ($USD5.43M).
Compensation vs Earnings: Sara's compensation has increased by more than 20% in the past year.
CEO
Sara Armbruster (53 yo)
11yrs
Tenure
US$6,151,938
Compensation
Ms. Sara E. Armbruster has been the President and Chief Executive Officer at Steelcase Inc since 2021 and serves as Director since 2021 and served as Executive Vice President of at Steelcase Inc. since Apr...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 11yrs | US$6.15m | 0.66% $ 8.8m | |
| Senior VP & CFO | 13.8yrs | US$3.30m | 0.48% $ 6.5m | |
| VP & COO | 9.9yrs | US$1.26m | 0.11% $ 1.4m | |
| Senior VP | less than a year | US$2.46m | 0.16% $ 2.1m | |
| VP, Corporate Controller & Chief Accounting Officer | 2yrs | no data | 0.016% $ 218.2k | |
| Chief Technology Officer | 3.3yrs | no data | 0.068% $ 909.9k | |
| Director of Investor Relations & Financial Planning and Analysis | no data | no data | no data | |
| Vice President of Global Brand and Corporate Communications | 2yrs | no data | no data | |
| Senior Vice President of Marketing & Customer Verticals | less than a year | no data | no data | |
| VP & Chief People Officer | less than a year | no data | 0.065% $ 871.6k | |
| President of APAC | 1.1yrs | no data | no data | |
| President of EMEA | less than a year | no data | no data |
2.0yrs
Average Tenure
56yo
Average Age
Experienced Management: SCS's management team is considered experienced (2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.8yrs | US$6.15m | 0.66% $ 8.8m | |
| Independent Chair of the Board | 38yrs | US$322.50k | 4.34% $ 58.3m | |
| Independent Director | 8.1yrs | US$230.00k | 0.00023% $ 3.1k | |
| Independent Director | 2.3yrs | US$225.00k | 0.030% $ 402.5k | |
| Independent Director | 14.8yrs | US$215.00k | 0.11% $ 1.5m | |
| Independent Director | 18.8yrs | US$225.00k | 0.0032% $ 42.7k | |
| Director | 7.5yrs | US$230.00k | 0.60% $ 8.1m | |
| Independent Director | 7.8yrs | US$235.00k | 0.037% $ 492.5k | |
| Independent Director | 5.1yrs | US$230.00k | no data | |
| Independent Director | 4.3yrs | US$225.00k | 0.046% $ 622.0k |
7.7yrs
Average Tenure
57yo
Average Age
Experienced Board: SCS's board of directors are considered experienced (7.7 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/02 23:37 |
| End of Day Share Price | 2025/01/02 00:00 |
| Earnings | 2024/11/22 |
| Annual Earnings | 2024/02/23 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Steelcase Inc. is covered by 10 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Matthew McCall | BB&T Capital Markets |
| Reuben Garner | Benchmark Company |
| Chen Yang | Berenberg |