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Caesarstone Ltd. reports developments in its engineered-surface business, including financial results, product portfolio updates, and changes to its manufacturing model. The company sells Caesarstone-branded quartz, porcelain, and natural-stone surfaces for kitchen countertops, bathroom vanities, backsplashes, wall panels, flooring, stairs, and other residential and non-residential applications.
Recurring updates cover revenue trends, margins, adjusted performance measures, cost-reduction actions, and strategic restructuring. Company news also addresses its shift from in-house quartz manufacturing at Bar-Lev in Israel to a network of third-party production partners, along with governance changes and risk-related disclosures tied to legal settlements, loss contingencies, and insurance coverage matters.
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.
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.
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.
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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.
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.