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Steelcase NEWS RELEASE Steelcase Reports First Quarter Fiscal 2022 Results 6/23/2021 • Orders grew 11 % compared to prior year and 25 % compared to fourth quarter , reflecting momentum as companies plan to return to the office Revenue increased 15 % compared to prior year , with broad - based growth across all segments Price increases expected to begin offsetting significant inflationary pressures later in fiscal year • Outlook for second quarter and remainder of year expects strengthening recovery driven by reopening of offices • Dividend restored to pre - pandemic level of $ 0.145 per share ● GRAND RAPIDS , Mich . , June 23 , 2021 ( GLOBE NEWSWIRE ) -- Steelcase Inc. ( NYSE : SCS ) today reported first quarter revenue of $ 556.6 million and a net loss of $ 28.1 million , or $ 0.24 per share . In the prior year , Steelcase reported revenue of $ 482.8 million and a net loss of $ 38.1 million , or $ 0.33 per share and an adjusted loss of $ 0.18 per share . Revenue increased 15 percent in the first quarter compared to the prior year , or 9 percent on an organic basis . In the prior year , all segments were impacted by government mandates in response to the COVID - 19 pandemic which significantly limited the company's ability to manufacture and fulfill orders . The revenue growth was broad - based across all segments , with 13 percent growth in the Americas , 24 percent growth in EMEA and 15 percent growth in the Other category . On an organic basis , revenue grew 8 percent in the Americas , 13 percent in EMEA and 11 percent in the Other category . Orders ( adjusted for the impact of an acquisition and currency translation effects ) grew 11 percent in the first quarter compared to the prior year , and average weekly order levels strengthened over the course of the quarter driven by the Americas . Orders grew 4 percent in the Americas , 44 percent in EMEA and 17 percent in the Other category compared to the prior year . On a sequential basis , orders grew 25 percent compared to the fourth quarter of fiscal 2021 , led by 30 percent growth in the Americas and 22 percent growth in EMEA . 1