Welcome to our dedicated page for Caesarstone Ltd. news (Ticker: CSTE), a resource for investors and traders seeking the latest updates and insights on Caesarstone Ltd. stock.
Caesarstone Ltd. (CSTE) is a leading manufacturer of high-quality engineered quartz surfaces, widely utilized in both residential and commercial buildings. The company's products are extensively used as countertops, vanities, wall cladding, floors, and a variety of other interior applications. Renowned for their durability, non-porous nature, and resistance to scratches and stains, Caesarstone surfaces stand out as a preferred choice among homeowners and businesses alike, offering a competitive edge over granite, manufactured solid surfaces, and laminates.
Caesarstone's impressive product portfolio is categorized into four notable collections: Classico, Motivo, Concetto, and Supernatural. These collections, available in a myriad of colors, styles, designs, and textures, cater to diverse aesthetic preferences and functional requirements. The brand’s engineered quartz surfaces are currently available in over 50 countries, underscoring its global presence.
The company operates across several geographic segments, including the United States, Canada, Latin America, Australia, Asia, Israel, and EMEA (Europe, Middle East, Africa). This extensive reach ensures that Caesarstone remains at the forefront of innovation and market demand in various regions.
In addition to quartz surfaces, Caesarstone has expanded its product lineup to include porcelain slabs, further diversifying its offerings for kitchen countertops, vanity tops, wall panels, backsplashes, floor tiles, stairs, and other interior surfaces. These versatile products are tailored for both renovation and remodeling projects as well as new residential constructions.
Caesarstone's commitment to quality and innovation continues to drive its growth and reputation in the industry. Recent achievements and ongoing projects highlight the company's dedication to meeting evolving customer needs while maintaining the integrity and excellence of its brand.
Caesarstone (NASDAQ: CSTE) reported Q3 2024 financial results with revenue of $107.6 million, down from $142.4 million in the prior year quarter. The company faced significant market headwinds across all regions, particularly in renovation and remodeling channels. Gross margin improved to 19.9% from 19.1% year-over-year. The quarter resulted in an operating loss of $4.1 million and an Adjusted EBITDA loss of $4.1 million. The company's net cash position strengthened to $108.9 million. Caesarstone maintains its expectation for positive operating cash flow in 2024 but moderates its full-year Adjusted EBITDA loss forecast to $10-11 million.
Caesarstone (NASDAQ: CSTE) has scheduled the release of its third quarter 2024 earnings results for Wednesday, November 13, 2024 before market opening. The company will host a webcast and conference call at 8:30 a.m. ET the same day, including a Q&A session for investors. The webcast will be accessible through the company's Investor Relations website. Conference call dial-in numbers are provided for domestic, international, and Israeli participants, with a replay available until November 20, 2024.
Caesarstone (NASDAQ: CSTE) reported its Q2 2024 financial results, showing revenue of $119.4 million, down from $143.7 million in Q2 2023. The company achieved positive cash flow from operations of $10.0 million and maintained a strong balance sheet with a net cash position of $97.7 million. Gross margin improved to 22.9% from 8.3% year-over-year, reflecting the positive impact of strategic restructuring actions. However, the company reported an operating loss of $9.3 million and an adjusted EBITDA loss of $0.1 million. Caesarstone reaffirmed its full-year outlook for positive operating cash flow but moderated adjusted EBITDA expectations, now projecting a loss in the mid-single-digit million-dollar range for 2024.
Caesarstone (NASDAQ: CSTE), a leading developer and manufacturer of high-quality engineered surfaces, has announced the release date for its second quarter 2024 earnings results. The company will disclose its financial performance on Wednesday, August 7, 2024, before the market opens. Following the release, Caesarstone will host a webcast and conference call at 8:30 a.m. ET to discuss the results and answer questions from the investment community.
Investors can access the live webcast through the company's Investor Relations website. For those unable to join online, the conference call will be available via various phone numbers, including toll-free options for domestic and Israeli callers. A telephonic replay of the call will be accessible until Wednesday, August 14, 2024.
Caesarstone (NASDAQ: CSTE), a top developer and manufacturer of engineered surfaces, announced its participation in the Stifel 2024 Cross Sector Insight Conference. The conference will be held in Boston, MA, on June 4, 2024. CEO Yos Shiran and CFO Nahum Trost will represent the company, potentially discussing business strategies, financial performance, and future outlook.
Caesarstone (NASDAQ: CSTE) reported first-quarter 2024 financial results with revenue of $118.3 million, gross margin improvement to 24.5%, and a net cash position of $89.4 million. Despite facing economic headwinds, the company aims to enhance profitability through strategic actions.
FAQ
What is the current stock price of Caesarstone Ltd. (CSTE)?
What is the market cap of Caesarstone Ltd. (CSTE)?
What does Caesarstone Ltd. manufacture?
What are the primary uses of Caesarstone products?
What are the different collections offered by Caesarstone?
In how many countries are Caesarstone products available?
What are some key characteristics of Caesarstone surfaces?
Which geographic segments does Caesarstone operate in?
What makes Caesarstone surfaces competitive?
Are Caesarstone products suitable for both residential and commercial use?
What recent achievements has Caesarstone made?
What is the significance of Caesarstone in the industry?
