reports
Moody's Ratings withdraws Steelcase's CFR following acquisition by HNI
Moody's Ratings (Moody's) withdrew Steelcase Inc.'s (Steelcase) Ba1 Corporate Family (CFR), Ba1-PD Probability of Default Rating (PDR), and the SGL-1 speculative grade liquidity rating. The Ba2 rating on Steelcase's senior unsecured notes due 2029 remains unchanged and the outlook is stable. In addi...
HNI Corporation Announces Expiration and Final Results of Exchange Off...
HNI Corporation Announces Expiration and Final Results of Exchange Offer MUSCATINE, Iowa, Dec. 05, 2025 (GLOBE NEWSWIRE) -- On August 4, 2025, HNI Corporation (NYSE: HNI; “HNI”) announced a definitive agreement to acquire Steelcase, Inc. (NYSE: SCS; “Steelcase”) in a cash and stock transaction (the “Acquisition”). In connection with the Acquisition, HNI previously announced the commencement of an offer to exchange any and all outstanding 5.125% Notes due 2029 (the “Existing Steelcase Notes”), as issued by Steelcase, for up to $450,000,000 aggregate principal amount of new notes to be issu...
Moody's Ratings corrects website display for CUSIP 858155AE4
Moody's Ratings (Moody's) has corrected the display on its websites to reflect that CUSIP 858155AE4 is issued by Steelcase Inc., rated Ba2. Due to an internal administrative error, this CUSIP was incorrectly linked to a different issuer. This publication does not announce a credit rating action. F...
- Dave Nicoski
- Ross LaDuke
Vermilion Short Shots: Technically Vulnerable Stocks
Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.
TGL. TECNOGLASS INC.
SM SM ENERGY COMPANY
MTDR MATADOR RESOURCES COMPANY
MDLZ MONDELEZ INTERNATIONAL INC. CLASS A
KAI KADANT INC.
JJSF J & J SNACK FOODS CORP.
HRL HORMEL FOODS CORPORATION
EEFT EURONET WORLDWIDE INC.
CVLT COMMVAULT SYSTEMS INC.
APOG APOGEE ENTERPRISES INC.
APD AIR PRODUCTS AND CHEMICALS INC.
ADP AUTOMATIC DATA PROCESSING INC.
WFT. WEST FRASER TIMBER CO. LTD.
NFLX NETFLIX INC.
HNI HNI CORPORATION
LPX LOUISIANA-PACIFIC CORPORATION
SXC SUNCOKE ENERGY INC.
TREX TREX COMPANY INC.
WSO WATSCO INC.
SPOT SPOTIFY TECHNOLOGY SA
MGY MAGNOLIA OIL & GAS CORP. CLASS A
CARR CARRIER GLOBAL CORP.
HPK HIGHPEAK ENERGY INC (A)
DFH DREAM FINDERS HOMES
FOUR SHIFT4 PAYMENTS
SRAD SPORTRADAR GROUP AG
2VZ LEONARDO DRS INC.
LIN LINDE PUBLIC LIMITED COMPANY
ETOR ETORO GROUP LTD
- Dave Nicoski
- Ross LaDuke
Vermilion Short Shots: Technically Vulnerable Stocks
Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.
MAN MANPOWERGROUP
LII LENNOX INTERNATIONAL INC.
ITW ILLINOIS TOOL WORKS INC.
LNG CHENIERE ENERGY INC.
ABM ABM INDUSTRIES INCORPORATED
VRSK VERISK ANALYTICS INC
TYL TYLER TECHNOLOGIES INC.
TXN TEXAS INSTRUMENTS INCORPORATED
TNET TRINET GROUP INC.
RHI ROBERT HALF INTERNATIONAL INC.
KMB KIMBERLY-CLARK CORPORATION
FFIV F5 NETWORKS INC.
FDS FACTSET RESEARCH SYSTEMS INC.
FAST FASTENAL COMPANY
EXPO EXPONENT INC.
EEFT EURONET WORLDWIDE INC.
DECK DECKERS OUTDOOR CORPORATION
CLX CLOROX COMPANY
CL COLGATE-PALMOLIVE COMPANY
BAH BOOZ ALLEN HAMILTON HOLDING CORPORATION CLASS A
APOG APOGEE ENTERPRISES INC.
ALSN ALLISON TRANSMISSION HOLDINGS INC.
ADP AUTOMATIC DATA PROCESSING INC.
WFT. WEST FRASER TIMBER CO. LTD.
LZB LAZBOY INCORPORATED
WM WALLBRIDGE MINING CO. LTD.
CWST CASELLA WASTE SYSTEMS INC. CLASS A
HNI HNI CORPORATION
RSG REPUBLIC SERVICES INC.
TREX TREX COMPANY INC.
AOS A. O. SMITH CORPORATION
GGG GIAIPHONG MOTOR JSC
LI LI AUTO INC. SPONSORED ADR CLASS A
HPK HIGHPEAK ENERGY INC (A)
UFPI UFP INDUSTRIES INC.
GFL GFL ENVIRONMENTAL INC
FOUR SHIFT4 PAYMENTS
ONON ON HLDNG AG
2VZ LEONARDO DRS INC.
KNF KNIFE RIVER CORPORATION
BIRK BIRKENSTOCK HOLDING PLC
CPAY CORPAY INC.
HNI Corporation Announces Extension of Exchange Offer
HNI Corporation Announces Extension of Exchange Offer MUSCATINE, Iowa, Oct. 27, 2025 (GLOBE NEWSWIRE) -- HNI Corporation (NYSE: HNI; “HNI” or “the Corporation”) announced a definitive agreement to acquire Steelcase, Inc. (NYSE: SCS; “Steelcase”) in a cash and stock transaction (the “Acquisition”). In connection with the Acquisition, HNI previously announced the commencement of an offer to exchange any and all outstanding 5.125% Notes due 2029 (the “Existing Steelcase Notes”), as issued by Steelcase, for up to $450,000,000 aggregate principal amount of new notes to be issued by HNI (the “N...
Allsteel Explores the Office as a Hub for Collaboration, Culture, and ...
Allsteel Explores the Office as a Hub for Collaboration, Culture, and Connection The brand’s latest offerings combine sustainability, personalization, and flexible design to shape workplaces that reflect organizational values and support evolving needs. Chicago, IL, Oct. 20, 2025 (GLOBE NEWSWIRE) -- The workplace has evolved, moving from outdated, routine-focused environments into vibrant destinations where collaboration, culture, and purpose converge. Offices are no longer just places to work – they are cultural hubs and tangible reflections of organizational values. As a leader in wor...
HNI Corporation Announces Results of Early Participation in Exchange O...
HNI Corporation Announces Results of Early Participation in Exchange Offer and Consent Solicitation MUSCATINE, Iowa, Oct. 10, 2025 (GLOBE NEWSWIRE) -- On August 4, 2025, HNI Corporation (NYSE: HNI; “HNI” or “the Corporation”) announced a definitive agreement to acquire Steelcase, Inc. (NYSE: SCS; “Steelcase”) in a cash and stock transaction (the “Acquisition”). In connection with the Acquisition, HNI previously announced the commencement of an offer to exchange any and all outstanding 5.125% Notes due 2029 (the “Existing Steelcase Notes”), as issued by Steelcase, for up to $450,000,000 ag...
HNI Corporation Commences Exchange Offer and Consent Solicitation
HNI Corporation Commences Exchange Offer and Consent Solicitation MUSCATINE, Iowa, Sept. 26, 2025 (GLOBE NEWSWIRE) -- On August 4, 2025, HNI Corporation (NYSE: HNI; “HNI” or “the Corporation”) announced a definitive agreement to acquire Steelcase, Inc. (NYSE: SCS; “Steelcase”) in a cash and stock transaction (the “Acquisition”). The companies’ complementary brand portfolios, dealer networks, and industry segments are expected to enhance customer reach and enable the combined company to accelerate strategic initiatives to better serve customers and drive long-term profitable growth. On a p...
Steelcase Reports Second Quarter Fiscal 2026 Results
Steelcase Reports Second Quarter Fiscal 2026 Results Revenue grew 5% compared to prior year, led by strong growth from large corporate customers in the Americas and from the India market in InternationalGross margin of 34.4% was approximately flat compared to prior year despite higher tariff and restructuring costsOrders grew 6% compared to prior year, led by continued growth from large corporate customers in the Americas GRAND RAPIDS, Mich., Sept. 24, 2025 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) today reported second quarter revenue of $897.1 million, net income of $35.0 million,...
Steelcase to Webcast Second Quarter Fiscal 2026 Conference Call
Steelcase to Webcast Second Quarter Fiscal 2026 Conference Call GRAND RAPIDS, Mich., Sept. 12, 2025 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) will webcast a discussion of its second quarter fiscal year 2026 financial results on Thursday, September 25, 2025 at 8:30 a.m. ET. A link to the webcast will be available at and a replay of the webcast will be available shortly after the call concludes. The news release detailing the financial results will be issued the previous day, September 24, 2025, after the market closes. About Steelcase Inc. Steelcase (NYSE: SCS) is a global design...
Allsteel Reimagines Showroom Experience with D.C. Design Lab
Allsteel Reimagines Showroom Experience with D.C. Design Lab New Co-Solutioning Concept Embraces “Living in Beta” Model to Support Evolving Workplace Needs Washington, D.C., Sept. 09, 2025 (GLOBE NEWSWIRE) -- Leading workplace innovator Allsteel has opened its Design Lab in Washington, D.C., a dynamic, hands-on environment designed to explore the future of the workplace. Reflecting the brand’s “Living in Beta” philosophy, the lab operates as a living laboratory, an agile, evolving space where experimentation meets intentionality. Created in partnership with Gensler D.C., the Design Lab ...
Steelcase Reports First Quarter Fiscal 2026 Results
Steelcase Reports First Quarter Fiscal 2026 Results Revenue grew 7% compared to prior year, driven by 9% broad-based growth in the AmericasGross margin of 33.9% represented an improvement of 170 basis points compared to prior yearOperating income increased 45% compared to prior yearOrder growth from large corporate customers continued, offset by declines from government and education customers GRAND RAPIDS, Mich., June 25, 2025 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) today reported first quarter revenue of $779.0 million, net income of $13.6 million, or $0.11 per share, and adjust...
Steelcase to Webcast First Quarter Fiscal 2026 Conference Call
Steelcase to Webcast First Quarter Fiscal 2026 Conference Call GRAND RAPIDS, Mich., June 05, 2025 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) will webcast a discussion of its first quarter fiscal year 2026 financial results on Thursday, June 26, 2025 at 8:30 a.m. ET. A link to the webcast will be available at and a replay of the webcast will be available shortly after the call concludes. The news release detailing the financial results will be issued the previous day, June 25, 2025, after the market closes. Steelcase Inc. will hold its Annual Meeting of Shareholders on Wednesday, Ju...
Allsteel Announces Enhancements to Evo Chair for an Eco-Friendly, Refi...
Allsteel Announces Enhancements to Evo Chair for an Eco-Friendly, Refined Design Evo Series Expands with Options for Increased Material and Color Expression and User Comfort Chicago, IL., June 02, 2025 (GLOBE NEWSWIRE) -- Workplace solutions leader has expanded its best-selling Evo series with a more sustainable seating option, designed for everyone, everywhere. Evo’s new enhancements allow the chair to meet the ever-changing demands of modern workspaces while pushing the boundaries of versatility, sustainability, and human-centered design. Now offering options for an eco-friendly Quil...
Moody's Ratings upgrades Steelcase's CFR to Ba1; outlook is stable
Moody's Ratings (Moody's) upgraded Steelcase Inc.'s (Steelcase) ratings including its Corporate Family Rating (CFR) to Ba1 from Ba2, Probability of Default Rating (PDR) to Ba1-PD from Ba2-PD, and the rating on the company's senior unsecured notes due 2029 to Ba2 from Ba3. The company's speculative g...
Steelcase Reports Fourth Quarter and Fiscal 2025 Results
Steelcase Reports Fourth Quarter and Fiscal 2025 Results Fourth quarter results compared to prior year: Orders grew 9%, driven by 12% broad-based growth in the AmericasGross margin improved 70 basis points Fiscal 2025 results: Orders grew 4%, driven by 6% growth in the Americas compared to prior yearGross margin improved 110 basis points compared to prior year, including benefits from cost reduction initiativesOperating income margin reached 5.0%, an improvement of 130 basis points compared to the prior yearAdjusted earnings per share exceeded company targetsReturned $84 million to sharehol...
Steelcase to Webcast Fourth Quarter and Fiscal 2024 Conference Call
Steelcase to Webcast Fourth Quarter and Fiscal 2024 Conference Call GRAND RAPIDS, Mich., March 06, 2025 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) will webcast a discussion of its fourth quarter and fiscal year 2025 financial results on Thursday, March 27, 2025 at 8:30 a.m. ET. A link to the webcast will be available at and a replay of the webcast will be available shortly after the call concludes. The news release detailing the financial results will be issued the previous day, March 26, 2025, after the market closes. About Steelcase Inc. Established in 1912, Steelcase is a glob...
- Dave Nicoski
- Ross LaDuke
Vermilion Short Shots: Technically Vulnerable Stocks
Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.
MAN MANPOWERGROUP
ROP ROPER TECHNOLOGIES INC.
OSR OSRAM LICHT AG
BLMN BLOOMIN' BRANDS INC.
PEP PEPSICO INC.
NXPIN NXP SEMICONDUCTORS NV
YUM YUM! BRANDS INC.
WNC WABASH NATIONAL CORPORATION
WING WINGSTOP INC.
WEN WENDY'S COMPANY
VC VISTEON CORPORATION
VALE.N VALE S.A. ADS
TRS TRIMAS CORPORATION
PZZA PAPA JOHN'S INTERNATIONAL INC.
ON ON SEMICONDUCTOR CORPORATION
NDSN NORDSON CORPORATION
MDLZ MONDELEZ INTERNATIONAL INC. CLASS A
MCHP MICROCHIP TECHNOLOGY INCORPORATED
LEN LENNAR CORPORATION CLASS A
LEA LEAR CORPORATION
KFY KORN FERRY
GNTX GENTEX CORPORATION
DCI DONALDSON COMPANY INC.
CMC COMMERCIAL METALS COMPANY
APOG APOGEE ENTERPRISES INC.
ADBE ADOBE INC.
BCPC BALCHEM CORPORATION
AMWD AMERICAN WOODMARK CORPORATION
NX QUANEX BUILDING PRODUCTS CORPORATION
SCS STEELCASE INC. CLASS A
SCVL SHOE CARNIVAL INC.
SSD SIMPSON MANUFACTURING CO. INC.
WSO WATSCO INC.
XYL XYLEM INC.
SJM J.M. SMUCKER COMPANY
MT ARCELORMITTAL
HOG HARLEY-DAVIDSON INC.
IR INGERSOLL RAND INC.
RKT ROCKET COMPANIES
UFPI UFP INDUSTRIES INC.
DFH DREAM FINDERS HOMES
OTIS OTIS WORLDWIDE CORPORATION
SPXC SPX TECHNOLOGIES INC
FERG FERGUSON ENTERPRISES INC.
HEI HAWAIIAN ELECTRIC CO INC COM
CCS COMCASTNEW PFD 6.625%56
GMS GENERAL MOTORS CORP NT 7/1/44
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