Caesarstone Ltd., together with its subsidiaries, develops, manufactures, and markets engineered quartz surfaces under the Caesarstone brand in the United States, Australia, Canada, Latin America, Asia, Israel, Europe, the Middle East, and Africa. The company's engineered quartz slabs are primarily used as kitchen countertops in the renovation and remodeling construction end markets, as well as in new buildings construction market. Its products are also used in other applications, such as vanity tops, wall panels, back splashes, floor tiles, stairs, furniture, and other interior and exterior surfaces that are used in various residential and non-residential applications. The company also offers porcelain products under the Lioli brand for flooring and cladding applications, as well as resells natural stones, and fabrication and installation accessories. It sells its products directly to fabricators, sub-distributors, and resellers; and indirectly through a network of independent distributors. The company was formerly known as Caesarstone Sdot Yam Ltd. and changed its name to Caesarstone Ltd. in June 2016. Caesarstone Ltd. was founded in 1987 and is headquartered in MP Menashe, Israel.
IPO Year: 2012
Exchange: NASDAQ
Website: caesarstone.com
- 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
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 second quarter ended June 30, 2024 on Wednesday, August 7, 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 1-833-816-146
Caesarstone Ltd. (NASDAQ:CSTE), a leading developer and manufacturer of high-quality engineered surfaces, today announced that Yos Shiran, CEO, and Nahum Trost, CFO, will attend the Stifel 2024 Cross Sector Insight Conference in Boston, MA on Tuesday, June 4, 2024. About Caesarstone Caesarstone is a global leader of premium surfaces, specializing in countertops that create dynamic spaces of inspiration in the heart of the home. Established in 1987, its multi-material portfolio of over 100 colors combines the company's innovative technology with its powerful design passion. Spearheading high-quality, sustainable surfaces, Caesarstone delivers functional resilience with timeless beauty, f
- Revenue of $118.3 Million - - Gross Margin of 24.5% Improved Significantly Compared to 19.7% in the Prior Year Quarter - - Strong Balance Sheet with Net Cash Position of $89.4 Million - - Reaffirms Outlook to Deliver Positive Adjusted EBITDA and Operating Cash Flow in 2024 - Caesarstone Ltd. (NASDAQ:CSTE), a leading developer and manufacturer of high-quality engineered surfaces, today reported financial results for its first quarter ended March 31, 2024. Yos Shiran, Caesarstone's Chief Executive Officer commented, "Our team has demonstrated resilience and adaptability to start off 2024 while facing persistent global economic headwinds, regulatory changes in Australia and the ong
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 first quarter ended March 31, 2024 on Wednesday, May 8, 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 1-844-825-9789 a
- Fourth Quarter Revenue of $128.5 Million and Full Year Revenue of $565.2 Million - - Full Year Cash Flow from Operations of $66.5 Million - - Initiated Restructuring Actions During 2023 to Reignite Long-term Growth and Profitability - - Expects 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 Ltd. (NASDAQ:CSTE), a leading developer and manufacturer of high-quality engineered surfaces, today reported financial results for its fourth quarter and full year ended December 31, 2023. Yos Shiran, Caesarstone's Chief Executive Officer commented, "In 2023, we implemented a new st
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 fourth quarter and full year ended December 31, 2023 on Wednesday, February 21, 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
- As Part of its Strategic Plan that Includes Optimization of Production Sources, Announces Closure of Its Manufacturing Facility in Richmond Hill - - Reports on a Decision by the Australian Governmental Bodies Regarding Engineered Stone - Caesarstone Ltd. (NASDAQ:CSTE), a leading developer and manufacturer of high-quality engineered surfaces, today provided an update on the closure of its manufacturing facility located in Richmond Hill, Georgia and an update on the Australian market. Richmond Hill Update Consistent with the Company's restructuring plan initiated in mid-2023, today the Company announced the closure of its Richmond Hill manufacturing facility, effective mid-January 2
6-K - Caesarstone Ltd. (0001504379) (Filer)
6-K - Caesarstone Ltd. (0001504379) (Filer)
6-K - Caesarstone Ltd. (0001504379) (Filer)
6-K - Caesarstone Ltd. (0001504379) (Filer)
6-K - Caesarstone Ltd. (0001504379) (Filer)
6-K - Caesarstone Ltd. (0001504379) (Filer)
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6-K - Caesarstone Ltd. (0001504379) (Filer)
6-K - Caesarstone Ltd. (0001504379) (Filer)
6-K - Caesarstone Ltd. (0001504379) (Filer)
- 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
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 second quarter ended June 30, 2024 on Wednesday, August 7, 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 1-833-816-146
- Revenue of $118.3 Million - - Gross Margin of 24.5% Improved Significantly Compared to 19.7% in the Prior Year Quarter - - Strong Balance Sheet with Net Cash Position of $89.4 Million - - Reaffirms Outlook to Deliver Positive Adjusted EBITDA and Operating Cash Flow in 2024 - Caesarstone Ltd. (NASDAQ:CSTE), a leading developer and manufacturer of high-quality engineered surfaces, today reported financial results for its first quarter ended March 31, 2024. Yos Shiran, Caesarstone's Chief Executive Officer commented, "Our team has demonstrated resilience and adaptability to start off 2024 while facing persistent global economic headwinds, regulatory changes in Australia and the ong
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 first quarter ended March 31, 2024 on Wednesday, May 8, 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 1-844-825-9789 a
- Fourth Quarter Revenue of $128.5 Million and Full Year Revenue of $565.2 Million - - Full Year Cash Flow from Operations of $66.5 Million - - Initiated Restructuring Actions During 2023 to Reignite Long-term Growth and Profitability - - Expects 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 Ltd. (NASDAQ:CSTE), a leading developer and manufacturer of high-quality engineered surfaces, today reported financial results for its fourth quarter and full year ended December 31, 2023. Yos Shiran, Caesarstone's Chief Executive Officer commented, "In 2023, we implemented a new st
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 fourth quarter and full year ended December 31, 2023 on Wednesday, February 21, 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
- Revenues of $142.4 Million - - Generated Strong Cash Flow from Operations of $28.2 Million During the Quarter and $53.3 Million Year-to-Date - - Produces Strong Sequential Gross Margin Improvement to 19.1% - - Remains Focused on Global Strategic Restructuring Actions to Reignite Long-term Growth and Profitability - - Reiterates Full Year Outlook and Expects Positive Cash Flow from Operations in the Fourth Quarter - 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, 2023. Yos Shiran, Caesarstone's Chief Executive Officer commented, "We are pleased wi
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, 2023 on Wednesday, November 8, 2023 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 1-844-8
Stifel resumed coverage of Caesarstone with a rating of Hold and set a new price target of $18.00
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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.
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"As we enter 2024, we believe our business is seeing signs of stabilization. The U.S. macro environment appears more encouraging with potential Fed rate cuts on the horizon to catalyze construction activity. In Australia, we are determined to maintain our leading position as we introduce our high-quality alternative products in the first half of 2024. Based on these factors, we expect first quarter revenues to trend in line with the fourth quarter and improve sequentially in accordance with our historic seasonal cadence. While macro uncertainties and the competitive landscape persist, our strategic restructuring actions initiated over the past year have put us on more solid footing with lean
Caesarstone (NASDAQ:CSTE) reported quarterly losses of $(0.28) per share which missed the analyst consensus estimate of $(0.17) by 64.71 percent. This is a 1300 percent decrease over losses of $(0.02) per share from the same period last year. The company reported quarterly sales of $128.53 million which beat the analyst consensus estimate of $125.07 million by 2.76 percent. This is a 19.35 percent decrease over sales of $159.37 million the same period last year.
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Stifel analyst John Baugh maintains Caesarstone (NASDAQ:CSTE) with a Hold and lowers the price target from $5.5 to $5.