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Caesarstone Ltd. - CSTE STOCK NEWS

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.

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Caesarstone (NASDAQ: CSTE), a top developer and manufacturer of engineered surfaces, announced its participation in the Stifel 2024 Cross Sector Insight Conference. The conference will be held in Boston, MA, on June 4, 2024. CEO Yos Shiran and CFO Nahum Trost will represent the company, potentially discussing business strategies, financial performance, and future outlook.

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Caesarstone (NASDAQ: CSTE) reported first-quarter 2024 financial results with revenue of $118.3 million, gross margin improvement to 24.5%, and a net cash position of $89.4 million. Despite facing economic headwinds, the company aims to enhance profitability through strategic actions.

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Caesarstone (NASDAQ: CSTE) announced the date for its first quarter 2024 earnings results, scheduled for release on May 8, 2024. The Company will host a webcast and conference call to discuss the results and engage with the investment community. Investors can access the live webcast through the Investor Relations section of the Company’s website or join the conference call via phone. A telephonic replay will also be available for those unable to participate in the live event.
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Caesarstone Ltd. (CSTE) reports Fourth Quarter Revenue of $128.5 Million and Full Year Revenue of $565.2 Million. The company generated Full Year Cash Flow from Operations of $66.5 Million. Restructuring actions were initiated in 2023 to drive long-term growth and profitability, aiming for cost savings of $20.0 Million in 2024 and $30.0 Million thereafter. Despite challenging market conditions, Caesarstone remains focused on strategic investments to reignite growth and enhance shareholder value.
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Caesarstone Ltd. (CSTE) will release its earnings results for the fourth quarter and full year ended December 31, 2023, on February 21, 2024. The company will host a webcast and conference call to discuss the results and answer questions from the investment community. The webcast can be accessed through the Investor Relations section of the company's website, and the conference call will be accessible by phone. A telephonic replay of the conference call will also be available.
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Caesarstone Ltd. (NASDAQ: CSTE) closes its manufacturing facility in Richmond Hill, Georgia, to save $20 million annually and faces a negative impact on sales in the Australian market due to a government ban on engineered stone slabs.
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Caesarstone Ltd. (NASDAQ: CSTE) reported Q3 2023 revenue of $142.4 million, down 20.3% year-over-year. The company generated $28.2 million in cash flow from operations during the quarter, with a strong sequential gross margin improvement to 19.1%. The CEO reiterated the full-year outlook, expecting positive cash flow from operations in Q4.
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Caesarstone Ltd. will release its Q3 2023 earnings results on November 8, 2023. A webcast and conference call will be held to discuss the results.
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Caesarstone reports Q2 2023 financial results, with revenues of $143.7 million and strong cash flow from operations. The company's global restructuring plan is on track to reignite long-term profitable growth. Full-year outlook remains positive.
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FAQ

What does Caesarstone Ltd. manufacture?

Caesarstone Ltd. manufactures high-quality engineered quartz surfaces and porcelain slabs used in residential and commercial buildings.

What are the primary uses of Caesarstone products?

Caesarstone products are used as kitchen countertops, vanity tops, wall panels, backsplashes, floor tiles, stairs, and other interior surfaces.

What are the different collections offered by Caesarstone?

Caesarstone offers four main collections: Classico, Motivo, Concetto, and Supernatural.

In how many countries are Caesarstone products available?

Caesarstone products are available in over 50 countries worldwide.

What are some key characteristics of Caesarstone surfaces?

Caesarstone surfaces are known for their hardness, non-porous nature, scratch and stain resistance, and durability.

Which geographic segments does Caesarstone operate in?

Caesarstone operates in segments including the United States, Canada, Latin America, Australia, Asia, Israel, and EMEA (Europe, Middle East, Africa).

What makes Caesarstone surfaces competitive?

Caesarstone surfaces are competitive due to their wide variety of colors, styles, designs, textures, and inherent characteristics like durability and stain resistance.

Are Caesarstone products suitable for both residential and commercial use?

Yes, Caesarstone products are suitable for both residential and commercial applications.

What recent achievements has Caesarstone made?

Recent achievements of Caesarstone include expanding their product line to include porcelain slabs and maintaining a strong global presence.

What is the significance of Caesarstone in the industry?

Caesarstone is significant in the industry for its commitment to quality, innovation, and meeting customer needs with high-performance quartz surfaces.

Caesarstone Ltd.

Nasdaq:CSTE

CSTE Rankings

CSTE Stock Data

202.04M
34.54M
30.23%
44.63%
0.36%
Cut Stone and Stone Product Manufacturing
Manufacturing
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United States of America
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