Caesarstone Ltd
NASDAQ:CSTE
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Caesarstone Ltd
Caesarstone Ltd. engages in the manufacture and sale of quartz surface products. The company employs 2,272 full-time employees The company went IPO on 2012-03-21. The firm's products consist of engineered quartz, which are installed as countertops in residential kitchens. Its products are primarily used as kitchen countertops in the renovation, remodeling and residential construction end markets. The other applications of its products include vanity tops, wall panels, back splashes, floor tiles, stairs, and other interior surfaces that are used in a range of residential and non-residential applications. Its product offerings include over four collections, such as Classico, Concetto, Motivo and Supernatural, which are marketed as specialty product collections. The company sells its products under the Caesarstone brand. Its designs range from fine-grained patterns to coarse-grained color blends with a variegated visual texture. The company offers over 70 different colors, with four textures and three thicknesses available for each of the collection's colors.
Caesarstone Ltd. engages in the manufacture and sale of quartz surface products. The company employs 2,272 full-time employees The company went IPO on 2012-03-21. The firm's products consist of engineered quartz, which are installed as countertops in residential kitchens. Its products are primarily used as kitchen countertops in the renovation, remodeling and residential construction end markets. The other applications of its products include vanity tops, wall panels, back splashes, floor tiles, stairs, and other interior surfaces that are used in a range of residential and non-residential applications. Its product offerings include over four collections, such as Classico, Concetto, Motivo and Supernatural, which are marketed as specialty product collections. The company sells its products under the Caesarstone brand. Its designs range from fine-grained patterns to coarse-grained color blends with a variegated visual texture. The company offers over 70 different colors, with four textures and three thicknesses available for each of the collection's colors.
Revenue Decline: Revenue for the quarter was $102.1 million, down from $107.6 million last year, mainly due to lower volumes amid global headwinds and strong competition.
Cost Savings Plan: The company is closing its Bar-Lev facility and moving to fully outsourced production (except porcelain in India), aiming for $22 million in annualized cash savings and total savings of over $85 million since 2023.
Profitability Outlook: Management expects these changes to help return to positive adjusted EBITDA by the third quarter of 2026.
Regional Performance Mixed: U.S. and Canada sales fell, while Australia, EMEA, and Israel showed growth, with Australia rebounding after the silica ban.
Legal & Tariff Challenges: The company faces 514 silica-related lawsuits and ongoing U.S. tariff uncertainty, but is taking action to mitigate risks—including a recent U.S. price increase.
Porcelain Growth: Caesarstone acquired the remaining shares of Lioli, enhancing its presence in the porcelain segment.
