Caesarstone Ltd (OQ:CSTE)
Business Focus: Kitchen Cabinets
| Sector: Consumer Cyclicals | Industry: Construction Supplies & Fixtures |
| Company Contact | |
| Address: | Kibbutz Sdot Yam, MP Menashe HERZLIYA 38805 |
| Tel: | 1-646-2008870 |
| Website: | https://www.caesarstone.co.il |
| IR: | See website |
| Key People | ||
| Ariel Halperin Chairman of the Board | David Cullen Managing Director - APAC | Yosef Shiran Chief Executive Officer |
| Nahum Trost Chief Financial Officer | Idit Maayan- Zohar Global Chief Marketing Officer | Lilach Gilboa Vice President - Global Human Resources |
| Erez Margalit Vice President - Global Research and Development | Jose Luis Ramon Vice President - Global Porcelain | Amihai Seider Vice President - Global Operations | Ron Mosberg General Counsel, Corporate Secretary |
| Business Overview |
| Caesarstone Ltd. is an Israel-based manufacturer of engineered quartz surfaces. The Company'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, backsplashes, 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. It sells its products under the Caesarstone brand. Its designs range from fine-grained patterns to coarse-grained color blends with a variegated visual texture. It offers over 70 different colors, with four textures and three thicknesses available for each of the collection's colors. |
| Financial Overview |
| For the three months ended 31 March 2024, Caesarstone Ltd revenues decreased 21% to $118.3M. Net loss increased 35% to $5.1M. Revenues reflect USA segment decrease of 20% to $61M, Australia segment decrease of 21% to $20.1M. Higher net loss reflects Legal settlements and loss contingencies increase from $1.3M (income) to $705K (expense), Finance expenses (income), net decrease of 70% to $706K (income). |
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