Welcome to our dedicated page for Caesarstone news (Ticker: CSTE), a resource for investors and traders seeking the latest updates and insights on Caesarstone stock.
Caesarstone Ltd. (CSTE) delivers innovative engineered surfaces for residential and commercial spaces worldwide. This news hub provides investors and industry professionals with timely updates on corporate developments, financial performance, and market positioning.
Access official press releases covering product innovations, strategic partnerships, and quarterly earnings. Stay informed about operational milestones in the competitive surfaces industry while tracking Caesarstone's global expansion and sustainability initiatives.
Key updates include manufacturing advancements, leadership changes, and design trends impacting the architectural materials sector. Our curated collection ensures transparent access to verified information without promotional bias.
Bookmark this page for consolidated CSTE news monitoring. Combine fundamental analysis with real-time corporate updates to inform your market perspective on this quartz surfaces leader.
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.
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