Steelcase Shares Surge to Annual Peak on Acquisition Momentum

Steelcase Inc. shares climbed to a new 52-week high of $17.13 in the latest trading session, fueled by mounting investor confidence that its proposed acquisition by competitor HNI Corporation will proceed as planned.

The office furniture manufacturer recently reported robust first-quarter 2026 results, surpassing analyst expectations. The company posted earnings per share (EPS) of $0.20, significantly higher than the projected $0.14, while revenue reached $779 million compared to forecasts of $762.35 million. This strong operational performance has contributed to the stock’s impressive 52% gain over the past six months.

Investor attention now turns to the critical shareholder vote scheduled for October 9, 2025, where Steelcase investors will decide on the merger proposal. The transaction remains subject to regulatory approvals and requires consent from shareholders of both companies, Read more...