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. (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.
Caesarstone Ltd. (NASDAQ: CSTE) announced its earnings results for Q1 ended March 31, 2021, set for release on May 5, 2021, before market opens. The company will hold a conference call at 8:30 a.m. ET that day, accessible via a live webcast on their Investor Relations website. Additionally, a telephonic replay of the call will be available from May 5 through May 12, 2021. Caesarstone focuses on high-end engineered stone countertops, serving over 50 countries with a commitment to customer service and product quality.
Caesarstone Ltd. (CSTE) reported its Q4 and full-year results for 2020, revealing a 2.3% increase in Q4 revenue to $136.9 million. The full-year revenue dropped to $486.4 million from $546.0 million in 2019, primarily due to pandemic-related disruptions. Gross margins improved in both Q4 and the full year, with Q4 gross margin at 28.1% and full-year gross margin at 27.5%. A net loss of $2.4 million in Q4 contrasted with net income of $7.2 million for the full year. The company plans to increase revenue and Adjusted EBITDA in 2021.
Caesarstone Ltd. (NASDAQ: CSTE) will release its earnings for Q4 and the full year ending December 31, 2020, on February 24, 2021, before market open. A webcast and conference call is scheduled for the same day at 8:30 a.m. ET to discuss the results. The call can be accessed domestically at 1-877-407-4018 and internationally at 1-201-689-8471. A replay will be available starting at 11:30 a.m. ET on February 24. Caesarstone specializes in high-quality engineered stone used in both residential and commercial applications, boasting a strong customer commitment across 50 countries.
Caesarstone Ltd. (NASDAQ: CSTE) has announced the acquisition of Omicron Granite and Tile, enhancing its network with 17 locations across the U.S. for better service and logistics. The $27 million deal, which includes $6 million in net debt, aligns with Caesarstone's strategy for global expansion. Omicron is projected to have contributed over $50 million in revenue for Caesarstone’s 2020 results, supporting its growth objectives in key markets.
Caesarstone Ltd. (NASDAQ: CSTE) reported its Q3 2020 financial results, highlighting revenue of $123.9 million, down 14.4% year-over-year, primarily due to COVID-19 disruptions in the Americas. The company achieved a gross margin of 31.4% and adjusted EBITDA of $23.7 million, with a margin of 19.1%, marking the highest in over two years. Net income increased to $12.8 million, or $0.37 per diluted share. The company declared a cash dividend of $0.14 per share, to be paid on December 9, 2020. CSTE maintains a strong cash position of $155.7 million with no debt.
Caesarstone Ltd. (NASDAQ: CSTE) will release its third-quarter earnings results on November 4, 2020, before market open. A conference call and webcast will occur the same day at 8:30 a.m. ET, allowing investors to discuss the results. The call can be accessed via the company’s Investor Relations site or by phone. The company emphasizes a customer-focused approach in developing high-quality engineered surfaces for residential and commercial use, with products known for their durability and aesthetic appeal.
Caesarstone Ltd. (NASDAQ: CSTE) has successfully acquired a majority stake in Lioli Ceramica Pvt. Ltd., an Indian manufacturer of innovative porcelain countertop slabs. This acquisition enhances Caesarstone's presence in the growing global porcelain countertop market. CEO Yuval Dagim expressed enthusiasm over the strategic fit, aiming to combine Lioli's premium products with Caesarstone's established brand for accelerated growth. This move is part of Caesarstone's broader growth strategy focused on becoming the leading brand for countertops worldwide.
