Fireside Chat Series with Steelcase Inc. SVP & CFO Dave Sylvester and SVP & Chief Revenue Officer Allan Smith on Wednesday, November 3, 2021 at 10:00 am EDT
|52 Week Range||$10.37-$16.85|
|Avg. Daily Vol. (30 day)||743,754|
|Shares Out (MM)||118.6|
|Market Cap (MM)||$1,490.00|
|Enterprise Value ($MM)||$1,607.00|
|Debt to Equity||35%|
|Revenue TTM (MM)||$2,576|
|Annual Dividend/Yield||$0.58 /%|
|Fiscal Year End||February|
On Wednesday, November 3 at 10:00 am EDT, we will be hosting Dave Sylvester, CFO, and Allan Smith, Chief Revenue Officer, of Steelcase Inc. for a virtual fireside chat on the Office Furniture landscape. The event is open to all.
During our ~30-minute fireside chat with these two senior leaders of Steelcase, a global leader of office furniture, we will explore the research that Steelcase conducted on the future of work and how that research informs the development of both new office furniture and the configurations that will accommodate these new products.
Additionally, we will extend the discussion into the possible financial implications for Steelcase and its industry in a post-COVID. Obviously, much has changed and continues to change on the office and competitive landscape that we believe can and will be of significant interest to all investors.
Register for the event here.
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Steelcase is widely seen to be one of America’s great companies. Named 15 times by Fortune Magazine as one of the world’s most admired companies and ranked #1 in the Home Equipment and Furnishings sector, Steelcase is a global market share leader for commercial/contract furniture. Its global capabilities and research-based approach make it a preferred partner for organizations in any part of the world.
Steelcase defines its purpose as “Unlocking human promise by transforming work, worker and workplace.” In this way, the company affirms its mission to the workplace. Today, the company’s family of brands include Steelcase®, Coalesse®, Designtex®, Smith System®, AMQ®, and Orangebox®. These give the company a comprehensive portfolio of furniture, architectural products and technology solutions that support people at work. Its consolidated revenue mix by major verticals is: 72% in corporate/other, 16% for education, and 12% for healthcare.
Senior Vice President & CFO
Elevated to Senior Vice President in April 2011, Sylvester has been the Steelcase CFO since 2006. His responsibilities include real estate, global business centers, and Steelcase aviation.
Previously, Dave was Vice President, Operations Finance (March 2005-October 2006), responsible for operations finance in North America and internationally. He also worked closely with the supply chain organization on product and process placement decisions and on implementing supply chain strategy around the world.
Dave began his Steelcase career in 1995 as Manager, Financial Reporting, and Planning. In 1998 he became Director and Assistant Controller, Corporate Finance, for Steelcase Inc., primarily responsible for all internal and external financial reporting and analysis.
Dave then served as finance leader for Steelcase International based in Strasbourg, France (2001-2005), where he was responsible for all finance-related activities outside of the United States and Canada, including profitability analyses, EVA measurement, accounting and reporting, acquisition integration, as well as a variety of special projects.
Before joining Steelcase, Dave held several audit positions with PriceWaterhouseCoopers in Chicago, Illinois. He graduated from Michigan State University in East Lansing, Michigan, in 1987 with a Bachelor’s degree in accounting and a Master of Business Administration in finance.
Vice President, Global Marketing
In his role as Vice President, Global Marketing, Allan Smith is responsible for portfolio strategy, product line management and profitability for Steelcase’s family of global brands, vertical markets and subsidiary businesses. His organization plays a leading role in Steelcase’s transformation of research and insights into innovative products and applications.
Earlier in his Steelcase career that began in 1991, Allan served in a variety of marketing leadership roles, including Vice President of Applications and Product Marketing; General Manager, Furniture and Technology; and Vice President of Marketing, Research and Product Development for Steelcase in Europe. He led the initial work to develop the company’s “Smart + Connected” technology strategy.
Allan headed up the company’s global environmental strategy and programs (2004-2008), and during this time contributed to the launch of the Steelcase Think™ chair, a product conceived, developed and produced for maximum sustainability. In an earlier role at Designtex, a Steelcase Design Partnership company, Allan was part of the team that launched the William McDonough Collection, the world’s first compostable, organic fabric collection.
Allan is a graduate of the University of Virginia.
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