Steelcase Rockets on Q1 Figures Steelcase Inc. (NYSE: SCS) watched its shares fire off the launching pan Thursday, on the release of first-quarter numbers. The company Wednesday 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% in the first quarter compared to the prior year, or 9% 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% growth in the Americas, 24% growth in EMEA and 15% growth in the Other category. On an organic basis, revenue grew 8% in the Americas, 13% in EMEA and 11% in the Other category. Orders (adjusted for the impact of an acquisition and currency translation effects) grew 11% 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.