Furniture-Maker Steelcase’s Profit Falls – Wall Street Journal

Furniture company Steelcase Inc. said its first-quarter profit declined, hurt by lower revenue, especially in Europe, the Middle East and Africa—though adjusted profit rose in line with company estimates.

The Grand Rapids, Mich.-based company saw its revenue improve in the Americas segment, which serves customers in the U.S., Canada and Latin America, rising 2.6% to $519.7 million. But the EMEA segment, which serves customers…

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