Caesarstone Stock Price, News & Analysis

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.

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.