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 Ltd. (NASDAQ: CSTE) reported record third-quarter revenue of $163.3 million, marking a 31.8% increase year-over-year. Net income reached $5.9 million or $0.17 per share, with adjusted net income at $6.8 million or $0.20 per share. The company's strong cash position stood at $91.5 million, and a dividend of $0.10 per share was declared. While revenue grew, gross margin decreased to 26.2% due to rising raw material and shipping costs. Despite expenses growth, CSTE maintains an optimistic outlook for 2021 revenue and Adjusted EBITDA growth.
Caesarstone Ltd. (NASDAQ: CSTE) is set to release its Q3 earnings results on November 3, 2021, before market opening. A conference call will follow at 8:30 a.m. ET, accessible through the company's Investor Relations website. The earnings report is anticipated to provide insights into the company's performance amidst ongoing challenges such as raw material shortages and the impact of the COVID-19 pandemic. Investors can access a telephonic replay of the call starting the same day.
Caesarstone Ltd. (NASDAQ: CSTE) announced that CEO Yuval Dagim and CFO Nahum Trost will participate in the Zelman 2021 Virtual Housing Summit on September 23, 2021. The company specializes in high-quality engineered surfaces, particularly decorative stone countertops for residential and commercial use. With a focus on aesthetic appeal and functionality, Caesarstone offers a diverse range of products in over 50 countries, supporting a commitment to customer service and loyalty.
Caesarstone Ltd. (CSTE) reported a robust second quarter for 2021, achieving record revenues of $163.5 million, up 65.1% year-over-year. The growth was fueled by recovering global demand and contributions from acquisitions. Gross margin improved to 28.0%, while operating income turned positive at $5.2 million. Adjusted EBITDA more than doubled to $18.8 million. However, the company will not declare a dividend for this quarter. Looking ahead, CSTE expects revenue and adjusted EBITDA to continue growing, albeit impacted by rising costs.
Caesarstone Ltd. (NASDAQ: CSTE) will announce its second quarter 2021 earnings results on August 4, 2021, before the market opens. A conference call and webcast will be held at 8:30 a.m. ET the same day, enabling investors to discuss the results. Participants can access the live webcast via the Investor Relations section of the company’s website. Additionally, a telephonic replay will be available from 11:30 a.m. ET on the same day until August 11, 2021. The company emphasizes its commitment to quality and customer satisfaction in the engineered stone countertops market.
Caesarstone Ltd. (NASDAQ: CSTE) announced the promotion of Nahum Trost to Chief Financial Officer, effective September 1, 2021. Mr. Trost, who has over 18 years of financial experience, succeeds Ophir Yakovian, who is leaving for another executive role. Trost has been with Caesarstone since 2014 and previously held positions at Lumenis Ltd and Ernst & Young Israel. CEO Yuval Dagim praised Trost's leadership and expertise, while Yakovian expressed gratitude for his time at the company. His departure is not related to disputes over accounting practices.
Caesarstone Ltd. (NASDAQ: CSTE) will be represented by CEO Yuval Dagim and CFO Ophir Yakovian at the Stifel 2021 Virtual Cross Sector Insight Conference on June 9, 2021, at 8:00 a.m. ET. The event will provide insights into the company’s operations, and a live audio webcast will be available on their website. Caesarstone specializes in engineered stone countertops, showcasing a diverse array of colors and styles, and serves customers in over 50 countries. Their commitment to quality and service has fostered strong customer loyalty worldwide.
Caesarstone Ltd. (NASDAQ: CSTE), a top manufacturer of engineered surfaces, announced participation in the 2021 UBS Global Industrials & Transportation Virtual Conference on June 8, 2021. CEO Yuval Dagim and CFO Ophir Yakovian will represent the company. Known for its high-quality engineered stone countertops, Caesarstone focuses on design and customer satisfaction, offering a diverse range of products that appeal globally. The company emphasizes service and has built strong customer loyalty across over 50 countries. More details are available on their official website.
Caesarstone Ltd. (CSTE) reported a strong first quarter of 2021, with revenue rising 15.4% to $146.0 million, driven by acquisitions and better product mix. Adjusted EBITDA increased 54.1%, reaching $20.3 million, reflecting improved efficiency and higher gross margins of 30.1%. Net income surged to $14.2 million ($0.41 per share), compared to $2.7 million in the same quarter last year. The company declared a quarterly dividend of $0.21 per share, payable June 1, 2021. Looking ahead, Caesarstone expects revenue and Adjusted EBITDA to grow in 2021 despite anticipated shipping and raw material cost pressures.
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?
