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Caesarstone Ltd (CSTE.OQ)

CSTE.OQ on NASDAQ Stock Exchange Global Select Market

10.87USD
1:30am IST
Change (% chg)

$-0.38 (-3.33%)
Prev Close
$11.24
Open
$11.13
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$11.13
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$10.75
Volume
58,264
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55,639
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$17.85
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$7.68

Latest Key Developments (Source: Significant Developments)

Caesarstone Reports Q1 Adjusted Earnings Per Share $0.13
Wednesday, 6 May 2020 

May 6 (Reuters) - Caesarstone Ltd <19C.F>::CAESARSTONE REPORTS FIRST QUARTER 2020 FINANCIAL RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $0.13.Q1 EARNINGS PER SHARE $0.08.Q1 REVENUE $126.6 MILLION VERSUS $128.2 MILLION.WITHDRAWS FULL YEAR 2020 OUTLOOK DUE TO COVID-19 RELATED DEMAND UNCERTAINTY.CASH POSITION OF $131.9 MILLION AS OF MARCH 31 WITH ZERO FINANCIAL DEBT.SIGNIFICANTLY LIMITING CAPITAL EXPENDITURES AND DELAYING MAJORITY OF INVESTMENTS RELATED TO CO'S GLOBAL GROWTH ACCELERATION PLAN.FURLOUGHING A PORTION OF SALARIED EMPLOYEES AND FREEZING HIRING.REDUCING SALARIES OF SENIOR MANAGEMENT AND BOARD MEMBERS BY 15-20% THROUGH YEAR END, INCLUDING A 20% REDUCTION FOR COMPANY'S CEO.DOES NOT INTEND TO PAY A DIVIDEND FOR Q1 OF 2020, BASED ON ITS REPORTED NET INCOME FOR PERIOD.BEGAN TO EXPERIENCE SIGNIFICANT SOFTENING OF DEMAND FOR PRODUCTS AS A RESULT OF COVID DURING MONTH OF APRIL.  Full Article

Caesarstone Reports 2019 Q4 Loss Per Share $0.01
Wednesday, 12 Feb 2020 

Feb 12 (Reuters) - Caesarstone Ltd <19C.F>::CAESARSTONE REPORTS 2019 FOURTH QUARTER AND FULL YEAR FINANCIAL RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $0.16.Q4 LOSS PER SHARE $0.01.SEES FY 2020 REVENUE $550 MILLION TO $570 MILLION.Q4 REVENUE $133.9 MILLION VERSUS $142.9 MILLION.QTRLY ADJUSTED EARNINGS PER SHARE $0.16.SEES FY 2020 ADJUSTED EBITDA TO BE IN RANGE OF $69 MILLION TO $75 MILLION.EXPECTS SOFTER MARKET CONDITIONS AND A COMPETITIVE ENVIRONMENT TO PERSIST IN MANY OF CO'S REGIONS IN 2020.  Full Article

Caesarstone Q3 Revenue $142.8 Million Versus $147.7 Million
Wednesday, 6 Nov 2019 

Nov 6 (Reuters) - Caesarstone Ltd <19C.F>::ANTICIPATES A HIGHER ADJUSTED EBITDA MARGIN YEAR-OVER-YEAR FOR Q4.CAESARSTONE REPORTS 2019 THIRD QUARTER FINANCIAL RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $0.29.Q3 EARNINGS PER SHARE $0.21.Q3 REVENUE $142.8 MILLION VERSUS $147.7 MILLION.NOW EXPECTS TO BE AT LOW END OF PREVIOUSLY PROVIDED FULL YEAR 2019 OUTLOOK RANGES FOR REVENUE AND ADJUSTED EBITDA.  Full Article

Caesarstone Reports 2019 Second Quarter Financial Results
Wednesday, 7 Aug 2019 

Aug 7 (Reuters) - Caesarstone Ltd CSTE.O::CAESARSTONE REPORTS 2019 SECOND QUARTER FINANCIAL RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $0.23.Q2 EARNINGS PER SHARE $0.19.Q2 REVENUE $141.1 MILLION VERSUS $149.2 MILLION.REITERATES ADJUSTED EBITDA AND UPDATES REVENUE OUTLOOK FOR FULL YEAR 2019.EXPECTING FY REVENUE TO BE IN RANGE OF $550 MILLION TO $565 MILLION.FY2019 REVENUE VIEW $578.0 MILLION -- REFINITIV IBES DATA.  Full Article

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