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.
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Caesarstone Ltd. (CSTE) reported record revenue of $690.8 million for 2022, achieving a 7.3% year-over-year increase. However, fourth-quarter revenues declined 6.8% to $159.4 million. The company faced a net loss of $57.1 million, or $1.66 per share, predominantly due to a $71.3 million non-cash impairment charge. Adjusted net income for the year was $10.6 million, with an adjusted diluted EPS of $0.31. The outlook for 2023 anticipates stable revenues, but a focus on cost optimization and pricing strategies will be crucial to offset expected declines in volume and currency fluctuations.
Caesarstone Ltd. (NASDAQ: CSTE) will announce its earnings results for Q4 and the full year ending December 31, 2022, on March 1, 2023, prior to market open. A conference call will follow at 8:30 a.m. ET, with a Q&A session for investors. The live webcast can be accessed on the Company’s Investor Relations website. A telephonic replay will be available from 12:30 p.m. ET on the same day until March 8, 2023. Caesarstone specializes in engineered surfaces, offering over 100 colors of countertops for various applications. Established in 1987, the company operates in over 50 countries, focusing on innovative technology and sustainable products.
Caesarstone Ltd. (CSTE) reported record third quarter revenue of $180.7 million, a 10.6% increase year-over-year, with a 14.9% rise on a constant currency basis. However, the company incurred a net loss of $0.5 million, or ($0.02) per share. Adjusted EBITDA fell to $13.4 million, marking a 7.4% margin, down from 10.8% in the previous year. The company revised its 2022 revenue outlook to $690-$700 million, primarily due to adverse foreign exchange impacts and moderated volume expectations in a challenging economic environment.
Caesarstone Ltd. (NASDAQ: CSTE) will release its third quarter earnings results for the period ending September 30, 2022, on November 9, 2022. A conference call is scheduled for the same day at 8:30 a.m. ET, where the results will be discussed, followed by a Q&A session. Investors can access the live webcast via the company’s Investor Relations website. The earnings conference call will also be available for replay shortly after it concludes. Caesarstone specializes in high-quality engineered surfaces, including countertops, and has a global presence in over 50 countries.
Caesarstone Ltd. (NASDAQ: CSTE) will participate in the Zelman 2022 Virtual Housing Summit on September 21, 2022, featuring CEO Yuval Dagim and CFO Nahum Trost. Established in 1987, Caesarstone is a leading manufacturer of premium engineered surfaces, specializing in versatile countertops. The company boasts a diverse portfolio of over 100 colors and innovative technology, serving over 50 countries. Caesarstone remains committed to sustainability, high-quality production, and expanding its market presence, while navigating challenges such as global supply chain constraints.
Caesarstone Ltd. (NASDAQ: CSTE) has announced that CEO Yuval Dagim will attend the Jefferies Industrials Conference in New York, NY on August 9, 2022. Caesarstone, established in 1987, is renowned for its high-quality engineered surfaces, including quartz and natural stone countertops. The company operates in over 50 countries and focuses on innovative, sustainable designs for various applications. Its multi-material portfolio features over 100 colors, enhancing kitchens, bathrooms, and outdoor spaces.
Caesarstone Ltd. (CSTE) reported a record second-quarter revenue of $180.3 million, marking a 10.3% increase year-over-year. On a constant currency basis, revenue grew 13.7%. Net income attributable to controlling interest jumped to $11.1 million, or $0.32 per share. Adjusted EBITDA was $17.1 million, reflecting a 9.5% margin. The company also declared a quarterly dividend of $0.25 per share. For 2022, Caesarstone maintains its revenue outlook of $710 to $725 million, projecting approximately 11% growth driven by improved pricing and volume.
Caesarstone Ltd. (NASDAQ: CSTE) has announced it will release its earnings results for the second quarter ended June 30, 2022, on August 3, 2022, before market opening. A webcast and conference call will follow at 8:30 a.m. ET for discussion and Q&A with investors. The live webcast is accessible via their Investor Relations website. A telephonic replay will be available from 11:30 a.m. ET on the same day until August 10, 2022. The company specializes in high-quality engineered surfaces used in residential and commercial applications.
Caesarstone Ltd. (NASDAQ: CSTE) reported a record revenue of $170.4 million for Q1 2022, a 16.7% increase year-over-year, with an 18.5% rise on a constant currency basis. Net income attributable to controlling interest was $6.2 million ($0.18 per share), a decline from $14.2 million in Q1 2021. Adjusted EBITDA fell to $15.7 million, reflecting increased operating expenses and costs. The company's outlook for 2022 revenue remains optimistic, expecting between $710 million and $725 million. No dividend will be paid for Q1 2022 due to net income performance.
Caesarstone Ltd. (NASDAQ: CSTE) announced the release of its first quarter 2022 earnings results on May 11, 2022, before market hours. A conference call will follow at 8:30 a.m. ET to discuss these results, accessible via their Investor Relations website. The conference will also offer a Q&A session for investors. A telephonic replay of the conference call will be available after the event. Caesarstone specializes in high-quality engineered stone surfaces and has a strong presence across more than 50 countries, known for its diverse product lines.
