SEC Form 20-F filed by Caesarstone Ltd.

- Maintaining Operational Discipline and Strategic Focus Amid Significant Market Headwinds - - Revenue of $107.6 Million - - Net Cash Position Improves to $108.9 Million, Reinforcing Strong Balance Sheet - - Reaffirms Full Year Outlook to Deliver Positive Operating Cash Flow and Moderates Adjusted EBITDA Expectations - Caesarstone Ltd. (NASDAQ:CSTE), a leading developer and manufacturer of high-quality engineered surfaces, today reported financial results for its third quarter ended September 30, 2024. Yos Shiran, Caesarstone's Chief Executive Officer commented, "Our third quarter results reflect revenue pressure across all our regional markets, putting weight on our business. The

Caesarstone Ltd. (NASDAQ:CSTE), a leading developer and manufacturer of high-quality engineered surfaces, today announced that it will release its earnings results for the third quarter ended September 30, 2024 on Wednesday, November 13, 2024 before the market opens. The Company will host a webcast and conference call on the same day at 8:30 a.m. ET to discuss the results, followed by a question and answer session for the investment community. The live webcast can be accessed through the Investor Relations section of the Company's website at ir.caesarstone.com. For those unable to access the webcast, the conference call will be accessible domestically or internationally, by dialing 1-833-8

- Revenue of $119.4 Million - - Additional Quarter of Positive Cash Flow From Operations of $10.0 Million - - Strong Balance Sheet with Net Cash Position of $97.7 Million - - Reaffirms Full Year Outlook to Deliver Positive Operating Cash Flow and Moderates Adjusted EBITDA Expectations - Caesarstone Ltd. (NASDAQ:CSTE), a leading developer and manufacturer of high-quality engineered surfaces, today reported financial results for its second quarter ended June 30, 2024. Yos Shiran, Caesarstone's Chief Executive Officer commented, "Our improved gross margin in the second quarter compared to last year demonstrates the positive impact of our strategic restructuring actions. Our efforts t

Outlook The Company reaffirms its expectation to deliver positive adjusted EBITDA for full year 2024 along with another full year of positive operating cash flow. The Company also reiterates its expectation to realize restructuring-related cost savings of approximately $20.0 million in full year 2024 and $30.0 million thereafter compared to full year 2023.

Caesarstone (NASDAQ:CSTE) reported quarterly losses of $(0.13) per share which beat the analyst consensus estimate of $(0.16) by 18.75 percent. This is a 23.53 percent increase over losses of $(0.17) per share from the same period last year. The company reported quarterly sales of $118.292 million which missed the analyst consensus estimate of $126.703 million by 6.64 percent. This is a 21.47 percent decrease over sales of $150.633 million the same period last year.

Gainers Simpple (NASDAQ:SPPL) shares increased by 8.5% to $0.68 during Monday's after-market session. The market value of their outstanding shares is at $11.0 million. Amprius Technologies (NYSE:AMPX) shares increased by 6.11% to $1.89. The market value of their outstanding shares is at $173.0 million. Knightscope (NASDAQ:KSCP) shares moved upwards by 5.98% to $0.54. The market value of their outstanding shares is at $55.2 million. Safe & Green Holdings (NASDAQ:SGBX) stock rose 5.33% to $0.17. The company's market cap stands at $3.1 million. Caesarstone (NASDAQ:CSTE) shares rose 5.11% to $5.96. The market value of their outstanding shares is at $205.8 million. Safe Bulkers (NYSE:SB) st