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Steelcase's profits cut in half by European restructuring costs

2014-12-23 03:43:05| Furniture - Topix.net

Steelcase Inc. on Monday reported that its third quarter profits dropped by half from a year ago, a result of the company's restructuring in Europe. The century-old office furniture maker posted revenue of $800 million in the three-month period that ended Nov. 28, up 6.8 percent, from $748.8 million.

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