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Caesarstone Ltd (CSTE.OQ)

CSTE.OQ on NASDAQ Stock Exchange Global Select Market

14.29USD
14 Jun 2019
Change (% chg)

$-0.13 (-0.90%)
Prev Close
$14.42
Open
$14.38
Day's High
$14.38
Day's Low
$14.26
Volume
31,100
Avg. Vol
41,087
52-wk High
$21.75
52-wk Low
$12.49

Latest Key Developments (Source: Significant Developments)

Caesarstone Reports Q1 Loss Per Share Of $0.01
Wednesday, 1 May 2019 

May 1 (Reuters) - Caesarstone Ltd ::REITERATES FULL YEAR 2019 OUTLOOK.CAESARSTONE REPORTS 2019 FIRST QUARTER FINANCIAL RESULTS AND ANNOUNCES GLOBAL GROWTH ACCELERATION PLAN.Q1 ADJUSTED EARNINGS PER SHARE $0.08.Q1 LOSS PER SHARE $0.01.Q1 REVENUE $128.2 MILLION VERSUS REFINITIV IBES ESTIMATE OF $132.7 MILLION.SEES FY 2019 REVENUE $580 MILLION TO $600 MILLION.Q1 EARNINGS PER SHARE ESTIMATE $0.08 -- REFINITIV IBES DATA.COMPANY ANNOUNCES ITS GLOBAL GROWTH ACCELERATION PLAN.ANNOUNCED AN IMMEDIATE REDUCTION IN ITS GLOBAL HEADCOUNT BY APPROXIMATELY 7% ACROSS ALL BUSINESS UNITS AND REGIONS.AS PART OF HEADCOUNT REDUCTIONS, CO WILL TEMPORARILY REDUCE EFFECTIVE CAPACITY AT ITS U.S. MANUFACTURING FACILITY BY 50%.CAESARSTONE - TEMPORARILY REDUCED CAPACITY AT U.S. FACILITY TO PROVIDE FOR INCREASED PRODUCTION EFFICIENCY AND REDUCED INVENTORY LEVELS OVER NEXT 12 MONTHS.COMPANY PLANS TO EXPAND ITS US SALES FORCE BY 15-20% OVER NEXT TWELVE MONTHS.EXPECTS TO FUND ITS GROWTH AND OPERATIONAL INVESTMENTS WITH A PORTION OF ANTICIPATED SAVINGS FROM COST REDUCTION MEASURES.FINANCIAL IMPACT OF GLOBAL GROWTH ACCELERATION PLAN IS REFLECTED IN COMPANY'S UNCHANGED OUTLOOK FOR 2019.INTENDS TO INCUR A ONE-TIME CHARGE OF APPROXIMATELY $1 MILLION, INCLUDING SEVERANCE, IN Q2 OF 2019.FY2019 REVENUE VIEW $584.0 MILLION -- REFINITIV IBES DATA.  Full Article

Caesarstone Q3 Earnings Per Share $0.31
Wednesday, 7 Nov 2018 

Nov 7 (Reuters) - Caesarstone Ltd ::CAESARSTONE REPORTS THIRD QUARTER 2018 RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $0.31.Q3 EARNINGS PER SHARE $0.31.Q3 REVENUE $147.7 MILLION VERSUS I/B/E/S VIEW $155.4 MILLION.SEES FY 2018 REVENUE $572 MILLION TO $578 MILLION.Q3 EARNINGS PER SHARE VIEW $0.27 -- THOMSON REUTERS I/B/E/S.SAYS REVISES FULL YEAR 2018 OUTLOOK ON SOFTER THAN ANTICIPATED SECOND HALF REVENUES.SAYS NOW EXPECTS ADJUSTED EBITDA IN 2018 TO BE AT LOW END OF ITS PREVIOUSLY PROVIDED RANGE OF $74 MILLION TO $82 MILLION.  Full Article

Caesarstone Announces Raanan Zilberman's Resignation, Appointment Of Yair Averbuch As Interim CEO
Thursday, 22 Mar 2018 

March 22 (Reuters) - Caesarstone Ltd ::CAESARSTONE ANNOUNCES RAANAN ZILBERMAN’S RESIGNATION AND APPOINTMENT OF YAIR AVERBUCH AS INTERIM CHIEF EXECUTIVE OFFICER.CAESARSTONE - OPHIR YAKOVIAN, CO'S INCOMING CFO, WILL TRANSITION TO HIS NEW ROLE IN COMING WEEKS AS PLANNED.  Full Article

Caesarstone Reports Q4 Loss Per Share Of $0.19
Wednesday, 7 Feb 2018 

Feb 7 (Reuters) - Caesarstone Ltd ::CAESARSTONE REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $0.22.Q4 LOSS PER SHARE $0.19.SEES FY 2018 REVENUE $612 MILLION TO $632 MILLION.Q4 REVENUE ROSE 9.8 PERCENT TO $148.1 MILLION.SEES ‍FULL-YEAR OF 2018 ADJUSTED EBITDA TO BE IN RANGE OF $102 MILLION TO $110 MILLION​.Q4 EARNINGS PER SHARE VIEW $0.27, REVENUE VIEW $145.0 MILLION -- THOMSON REUTERS I/B/E/S.FY2017 REVENUE VIEW $583.7 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Caesarstone Announces The Appointment Of Ophir Yakovian As Chief Financial Officer
Wednesday, 7 Feb 2018 

Feb 7 (Reuters) - Caesarstone Ltd ::CAESARSTONE ANNOUNCES THE APPOINTMENT OF OPHIR YAKOVIAN AS CHIEF FINANCIAL OFFICER.CAESARSTONE LTD - YAIR AVERBUCH WILL REMAIN WITH COMPANY.  Full Article

Caesarstone Says Averbuch Will Remain With Co Through The End Of First Quarter Of 2018
Wednesday, 10 Jan 2018 

Jan 10 (Reuters) - Caesarstone Ltd ::CAESARSTONE LTD SAYS AVERBUCH WILL REMAIN WITH CO THROUGH THE END OF THE FIRST QUARTER OF 2018 - SEC FILING.  Full Article

Caesarstone Enters Settlement Agreement Related To Occupational Risks With Silica Dust
Thursday, 4 Jan 2018 

Jan 4 (Reuters) - Caesarstone Ltd ::CAESARSTONE SAYS ENTERED SETTLEMENT AGREEMENT TO THE CLAIM FILED AGAINST IT IN APRIL 2014 RELATED TO OCCUPATIONAL RISKS WITH SILICA DUST- SEC FILING.CAESARSTONE SAYS ON COURT APPROVAL, CO TO MAKE ONE TIME PAYMENTS WITHOUT ANY ADMISSION OF LIABILITY, IN ABOUT $2.6 MILLION.CAESARSTONE SAYS SETTLEMENT TO NOT HAVE AN EFFECT ON CO'S FINANCIAL POSITION OR RESULTS OF OPERATION FOR Q4 OF 2017.  Full Article

Caesarstone announces planned transition to new CFO
Wednesday, 2 Aug 2017 

Aug 2 (Reuters) - Caesarstone Ltd :Caesarstone announces planned transition to new chief financial officer.Caesarstone - Search for CFO follows ‍yair Averbuch's notification that he has chosen to leave co with a planned departure date of January, 23, 2018​.  Full Article

Caesarstone Q2 adjusted earnings per share $0.49
Wednesday, 2 Aug 2017 

Aug 2 (Reuters) - Caesarstone Ltd ::Caesarstone reports second quarter results.Q2 adjusted earnings per share $0.49.Q2 earnings per share $0.42.Q2 revenue $148.9 million versus I/B/E/S view $148.5 million.Sees FY 2017 revenue $580 million to $595 million.Caesarstone Ltd - maintains full year guidance for revenue, narrows expectation for adjusted EBITDA.Q2 earnings per share view $0.54 -- Thomson Reuters I/B/E/S.Caesarstone Ltd says is also maintaining its FY guidance for adjusted EBITDA of $119 million to $126 million.Caesarstone- maintaining 2017 guidance for adjusted ebitda of $119 million to $126 million, noting that it currently expects it to be toward low end of range.FY 2017 earnings per share view $2.04, revenue view $586.0 million -- Thomson Reuters I/B/E/S.  Full Article