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Caesarstone - CSTE STOCK NEWS

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.

Company Overview

Caesarstone is a globally recognized manufacturer of engineered quartz surfaces, offering a comprehensive range of high quality products designed for both residential and commercial applications. The company specializes in creating engineered quartz and porcelain slabs that serve as versatile interior surfaces used in a variety of settings, including kitchen countertops, vanities, wall panels, backsplashes, floor tiles, and stairs. By leveraging advanced manufacturing processes and investing in innovative design, Caesarstone delivers products that are well-respected for their durability, non-porous quality, and resistance to scratches and stains.

Core Business Areas and Product Applications

At its core, Caesarstone provides premium surface solutions that combine aesthetic appeal with functional performance. The engineered quartz surfaces are engineered to offer a wide range of colors, textures, and designs that accommodate diverse interior styling needs. Residential projects ranging from home renovations to new constructions benefit from these products, while commercial applications such as office spaces, hotels, and retail environments also rely on the exceptional properties of these surfaces.

Manufacturing Excellence and Product Attributes

The company has built its reputation on the consistent production of materials that meet exacting standards of quality. Caesarstone’s products are noted for their hardness and non-porous characteristics, ensuring that surfaces remain resilient in the face of daily wear and tear. The engineered process provides a level of consistency in design and performance that appeals to architects, designers, and homeowners alike. The available product collections, including Classico, Motivo, Concetto, and Supernatural, are designed to cater to a wide array of design preferences and performance requirements.

Global Market Presence

Operating in a competitive global marketplace, Caesarstone has established its presence in key regions such as the United States, Canada, Latin America, Australia, Asia, Israel, and EMEA. This extensive geographical footprint attests to the company’s ability to adapt to diverse market needs and regulatory environments across different regions. The company maintains a competitive position by continuously innovating and refining its manufacturing processes to meet the evolving requirements of modern design and construction.

Competitive Landscape and Industry Positioning

Within the realm of engineered surfaces, Caesarstone competes with a range of alternative materials, including granite, laminates, and other manufactured solid surfaces. What sets Caesarstone apart is its commitment to quality and its rigorous quality control measures that ensure each product achieves consistent durability and aesthetic appeal. The integration of superior technology in the manufacturing process along with a diverse portfolio of design options positions the company as an authoritative source within the architectural surfaces market.

Expertise in Design and Technology

Caesarstone blends technical expertise with creative design, allowing its products to meet the specific demands of modern construction trends. The use of industry-specific technologies and processes is central to maintaining high standards of quality and performance. The company’s emphasis on innovative design solutions highlights a deep understanding of material science and architectural requirements, making it a trusted name among professionals in interior design and construction.

Commitment to Quality and Consistency

Quality, consistency, and reliability are at the heart of Caesarstone's operations. The engineered processes are designed to ensure that every slab produced upholds strict performance benchmarks, from hardness and scratch resistance to visual uniformity and texture. Such attributes underpin the company’s primary value proposition, enabling its surfaces to serve as a compelling alternative to natural stones and other traditional materials.

Industry-specific Keywords and Design Terminology

In discussions related to modern interior design and construction, terms such as engineered quartz, porcelain slabs, and architectural surfaces are frequently used. Caesarstone effectively capitalizes on these concepts to communicate its expertise and precision in manufacturing. The technical language used in detailing the properties and processes of its products underscores the depth of knowledge and commitment required in an industry where both innovation and tradition collide.

Summary

Overall, Caesarstone exemplifies the blend of art and science in engineered surface manufacturing. By offering a broad portfolio of styles and a range of functional benefits including durability, resistance, and aesthetic consistency, the company has positioned itself as a robust choice for interior surface solutions across diverse market segments. Its strong global presence, commitment to quality, and continuous innovation in production methods all contribute to its enduring reputation and market significance.

Rhea-AI Summary

Caesarstone Ltd. (NASDAQ: CSTE) will release its fourth-quarter and full-year earnings results for 2021 on February 9, 2022, before market opens. A webcast and conference call are scheduled for 8:30 a.m. ET the same day, providing insights into the financial results and a Q&A session for investors. The earnings report will address performance metrics and business developments, including the impact of the COVID-19 pandemic and market conditions.

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Caesarstone Ltd. (NASDAQ: CSTE), a prominent manufacturer of high-quality engineered surfaces, has announced that CEO Yuval Dagim and CFO Nahum Trost will participate in the Credit Suisse 9th Annual Industrials Conference on December 1, 2021. Caesarstone specializes in producing stylish engineered stone countertops, catering to both residential and commercial markets worldwide. The company emphasizes sustainability and customer satisfaction, with a wide variety of products available in over 50 countries. Additional details can be found on their official website.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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FAQ

What is the current stock price of Caesarstone (CSTE)?

The current stock price of Caesarstone (CSTE) is $2.93 as of March 13, 2025.

What is the market cap of Caesarstone (CSTE)?

The market cap of Caesarstone (CSTE) is approximately 109.2M.

What types of products does Caesarstone manufacture?

Caesarstone manufactures engineered quartz and porcelain slabs used in various interior applications such as countertops, vanities, wall claddings, and floor tiles.

Which markets does Caesarstone serve?

The company serves a broad range of geographical segments including North America, Latin America, Europe, the Middle East, Africa, Asia, and Australia.

What are the key attributes of Caesarstone products?

Caesarstone products are known for their durability, hardness, non-porous quality, and excellent resistance to scratches and stains, making them suitable for high-use areas.

How does Caesarstone differentiate itself from natural stone products?

Unlike natural stone, Caesarstone engineered surfaces offer consistency in design, superior performance characteristics, and a wide variety of textures and colors that meet modern aesthetic demands.

What are some common applications for Caesarstone surfaces?

Their surfaces are commonly used in kitchen countertops, bathrooms, wall panels, backsplashes, and even floor tiles, making them versatile for both residential and commercial settings.

How does the company ensure product quality and consistency?

Caesarstone employs advanced manufacturing processes and rigorous quality control measures to ensure every product meets high standards of durability, appearance, and performance.

What distinguishes Caesarstone in the competitive market of surface materials?

Its blend of innovative engineering, diverse design options, and application versatility helps Caesarstone stand out in a market that includes granite, laminates, and other engineered surfaces.

Can Caesarstone surfaces be used in both residential and commercial projects?

Yes, the versatility and durability of Caesarstone surfaces make them a preferred option for a wide range of applications, from residential renovations to large-scale commercial projects.
Caesarstone

Nasdaq:CSTE

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CSTE Stock Data

109.20M
19.96M
30.23%
46.72%
0.75%
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