What happened Shares of Steelcase (NYSE: SCS) were moving higher today, two days after the office furniture company posted strong results in its fourth-quarter earnings report. Profitability also improved, with gross margin increasing 370 basis points to 29.8% as the company raised prices to help absorb inflation. CEO Sara Armbruster said, "In the Americas, our fourth quarter orders were stronger than we anticipated and drove revenue and earnings above our expectations.