Caesarstone

Caesarstone Provides Business Updates

Retrieved on: 
Wednesday, December 13, 2023

This decision is expected to contribute savings of approximately $20 million annually by optimizing its manufacturing footprint.

Key Points: 
  • This decision is expected to contribute savings of approximately $20 million annually by optimizing its manufacturing footprint.
  • Yos Shiran, Chief Executive Officer of Caesarstone, commented, “Our manufacturing network has been undergoing restructuring since earlier this year with the focus of optimizing our global production footprint.
  • Caesarstone expects annualized cash savings of approximately $20 million with the effect commencing during 2024, in addition to exploring opportunities to monetize the asset in the future.
  • Yos Shiran, added “The Caesarstone brand is well known in Australia and its products have earned tremendous success over the years.

Caesarstone Reports Third Quarter 2023 Financial Results

Retrieved on: 
Wednesday, November 8, 2023

Caesarstone Ltd. (NASDAQ: CSTE), a leading developer and manufacturer of high-quality engineered surfaces, today reported financial results for its third quarter ended September 30, 2023.

Key Points: 
  • Caesarstone Ltd. (NASDAQ: CSTE), a leading developer and manufacturer of high-quality engineered surfaces, today reported financial results for its third quarter ended September 30, 2023.
  • Gross margin in the third quarter of 2023 was 19.1% compared to 23.0% in the prior year quarter.
  • Operating loss in the third quarter of 2023 was $2.0 million compared to operating income of $3.2 million in the prior year quarter.
  • Finance income in the third quarter of 2023 was $1.3 million compared to finance expenses of $4.3 million in the prior year quarter.

Caesarstone Reports Second Quarter 2023 Financial Results

Retrieved on: 
Wednesday, August 9, 2023

Caesarstone Ltd. (NASDAQ: CSTE), a leading developer and manufacturer of high-quality engineered surfaces, today reported financial results for its second quarter ended June 30, 2023.

Key Points: 
  • Caesarstone Ltd. (NASDAQ: CSTE), a leading developer and manufacturer of high-quality engineered surfaces, today reported financial results for its second quarter ended June 30, 2023.
  • Gross margin in the second quarter of 2023 was 8.3% compared to 26.4% in the prior year quarter.
  • Operating loss in the second quarter of 2023 was $46.9 million compared to operating income of $6.4 million in the prior year quarter.
  • Upon dialing in, please request to join the Caesarstone Second Quarter 2023 Earnings Conference Call.

Caesarstone Announces Date for Second Quarter 2023 Results

Retrieved on: 
Wednesday, July 26, 2023

Caesarstone Ltd. (NASDAQ: CSTE), a leading developer and manufacturer of high-quality engineered surfaces, today announced that it will release its earnings results for the second quarter ended June 30, 2023 on Wednesday, August 9, 2023 before the market opens.

Key Points: 
  • Caesarstone Ltd. (NASDAQ: CSTE), a leading developer and manufacturer of high-quality engineered surfaces, today announced that it will release its earnings results for the second quarter ended June 30, 2023 on Wednesday, August 9, 2023 before the market opens.
  • ET to discuss the results, followed by a question and answer session for the investment community.
  • Upon dialing in, please request to join the Caesarstone Second Quarter 2023 Earnings Conference Call.
  • ET on Wednesday, August 16, 2023.

Global Countertops Market to Reach $244.46 Billion by 2032: Increased Availability of Credit for Refurbishment of Existing Homes Drives Growth - ResearchAndMarkets.com

Retrieved on: 
Tuesday, July 11, 2023

The global countertops market size is expected to reach USD 244.46 billion by 2032, according to a new study.

Key Points: 
  • The global countertops market size is expected to reach USD 244.46 billion by 2032, according to a new study.
  • The report gives a detailed insight into current market dynamics and provides analysis on future market growth.
  • This trend has led to a surge in demand for high-quality countertops, with homeowners seeking out materials such as natural stone, quartz, and other premium options.
  • As a result, the countertop market is expected to continue to experience strong growth in the coming years.

Caesarstone Reports First Quarter 2023 Financial Results

Retrieved on: 
Wednesday, May 10, 2023

Caesarstone Ltd. (NASDAQ: CSTE), a leading developer and manufacturer of high-quality engineered surfaces, today reported financial results for its first quarter ended March 31, 2023.

Key Points: 
  • Caesarstone Ltd. (NASDAQ: CSTE), a leading developer and manufacturer of high-quality engineered surfaces, today reported financial results for its first quarter ended March 31, 2023.
  • Revenue in the first quarter of 2023 was $150.6 million, compared to $170.4 million in the prior year quarter.
  • Gross margin in the first quarter of 2023 was 19.7% compared to 25.3% in the prior year quarter.
  • Upon dialing in, please request to join the Caesarstone First Quarter 2023 Earnings Conference Call.

Caesarstone Announces Date for First Quarter 2023 Results

Retrieved on: 
Wednesday, April 26, 2023

Caesarstone Ltd. (NASDAQ: CSTE), a leading developer and manufacturer of high-quality engineered surfaces, today announced that it will release its earnings results for the first quarter ended March 31, 2023 on Wednesday, May 10, 2023 before the market opens.

Key Points: 
  • Caesarstone Ltd. (NASDAQ: CSTE), a leading developer and manufacturer of high-quality engineered surfaces, today announced that it will release its earnings results for the first quarter ended March 31, 2023 on Wednesday, May 10, 2023 before the market opens.
  • ET to discuss the results, followed by a question and answer session for the investment community.
  • Upon dialing in, please request to join the Caesarstone First Quarter 2023 Earnings Conference Call.
  • ET on Wednesday, May 17, 2023.

Caesarstone Names Yosef (Yos) Shiran as new Chief Executive Officer Effective March 16, 2023

Retrieved on: 
Thursday, March 9, 2023

Caesarstone Ltd. (NASDAQ: CSTE), a leading developer and manufacturer of high-quality engineered surfaces, today announced that Yosef (Yos) Shiran has been appointed as its Chief Executive Officer.

Key Points: 
  • Caesarstone Ltd. (NASDAQ: CSTE), a leading developer and manufacturer of high-quality engineered surfaces, today announced that Yosef (Yos) Shiran has been appointed as its Chief Executive Officer.
  • Shiran, who previously served as Caesarstone’s Chief Executive Officer from 2009 to 2016, will reassume the role on March 16, 2023.
  • Following Shiran’s appointment, Yuval Dagim, the current Chief Executive Officer, will step down and assist in ensuring business continuity and a smooth transition.
  • Shiran stated, “I am honored to rejoin Caesarstone as its CEO.

Caesarstone Reports Fourth Quarter and Full Year 2022 Financial Results

Retrieved on: 
Wednesday, March 1, 2023

Caesarstone Ltd. (NASDAQ: CSTE), a leading developer and manufacturer of high-quality engineered surfaces, today reported financial results for its fourth quarter and full year ended December 31, 2022.

Key Points: 
  • Caesarstone Ltd. (NASDAQ: CSTE), a leading developer and manufacturer of high-quality engineered surfaces, today reported financial results for its fourth quarter and full year ended December 31, 2022.
  • Gross margin in the fourth quarter of 2022 was 19.4% compared to 23.2% in the prior year quarter.
  • Operating expenses in the fourth quarter of 2022 were $106.1 million, compared to $36.3 million in the prior year quarter.
  • Upon dialing in, please request to join the Caesarstone Fourth Quarter 2022 Earnings Conference Call.

CAESARSTONE TO DEBUT MULTI-MATERIAL PORTFOLIO AT KBIS 2023

Retrieved on: 
Tuesday, January 17, 2023

CHARLOTTE, N.C., Jan. 17, 2023 /PRNewswire/ -- Caesarstone will transform the countertop industry in North America in 2023 with the monumental launch of its multi-material surfaces portfolio: Porcelain and Natural Stone will join the Quartz and Outdoor Quartz portfolio for which the company is so well-known for. For over 35 years, Caesarstone has been turning design dreams into reality as the global leader in premium surfaces, specializing in countertops that create dynamic spaces of inspiration in the heart of the home. The expanded portfolio of more than 100 colors tastefully combines the company's innovative technology with its powerful design passion, empowering consumers to design with freedom. The new additions to the Caesarstone portfolio will debut at the Kitchen & Bath Industry Show (KBIS) January 31-February 2, 2023, at the Las Vegas Convention Center, Booth N651.

Key Points: 
  • The new additions to the Caesarstone portfolio will debut at the Kitchen & Bath Industry Show (KBIS) January 31-February 2, 2023, at the Las Vegas Convention Center, Booth N651.
  • "This is a pivotal moment for Caesarstone," said Ken Williams, President & CEO of Caesarstone The Americas.
  • A curated collection of responsibly sourced, high-quality Natural Stone also joins the Caesarstone portfolio in select markets around the country.
  • Visit Caesarstone at KBIS, January 31 – February 2, 9:00am – 5:00pm, at the Las Vegas Convention Center, Booth N651.