Steelcase Inc. (NYSE:SCS) Q4 2023 Earnings Call Transcript

Rex Henderson: Okay. All right. And secondly I want to turn a little bit to other and to Asia, you’ve already mentioned that China has been — had been a challenge, but you’re seeing some bump in activity, any idea how long — how long it takes for that activity to convert into orders and sales and what do you expect — how that’s paid through the year?

David Sylvester: No, I don’t — I’m not prepared today to I guess publicly project that. I mean, we’re working very closely with our Asia Pacific leadership team. I mean, you can see from the results that we posted in the other category that we were losing money in that region. So we’re very carefully looking at the demand environment and what our expectations are for the next 90 days, 180 days. We feel pretty good about the mid-term, longer-term outlook for the region. We don’t think like things have changed in a significant kind of way that would suggest our strategy is — needs to be adjusted significantly, but we’re also not keen about losing any kind of significant amount of money in the near-term either.

Rex Henderson: All right. Okay. Thanks for taking my call and again congratulations.

David Sylvester: Thanks, Rex.

Sara Armbruster: Thanks.

Operator: There are no further questions at this time. Ms. Armbruster, I turn the call back over to you.

Sara Armbruster: Great. Well I just want to thank you all for joining and I’d also like to invite you to join us for our Investor Day planned on May 4th in New York City, which we will also webcast. I’ll be there along with several members of our leadership team to discuss our strategy and review our longer-term targets. So we look forward to seeing you and we appreciate your interest in Steelcase as we continue to focus on driving improved results. Have a great day.

Operator: This concludes today’s conference call. You may now disconnect.