Caesarstone Sdot-Yam Ltd. IPO Info

Caesarstone Sdot-Yam Ltd.

Company Name: Caesarstone Sdot-Yam Ltd.
Stock Symbol: CSTE
Exchange: NYSE
Status: Priced
IPO Date: 3/22/2012
IPO Price: 11.00 (45.36%)
Underwriters
J.P. Morgan, Barclays Capital, Credit Suisse, Baird, Stifel Nicolaus Weisel

Amount of Offering: N/A
Number of Shares Offered: 6.66 Mil
Shares Outstanding After Offering: N/A
Valuation: N/A
Company Description
Caesarstone is a leading manufacturer of high quality engineered quartz surfaces sold under our premium Caesarstone brand. While the use of quartz is relatively new, it is the fastest growing material in the countertop industry and continues to take market share from other materials, such as granite, manufactured solid surfaces and laminate. Between 1999 and 2010, global engineered quartz sales to end-consumers grew at a compound annual growth rate of 16.4% compared to a 4.4% compound annual growth rate in total global countertop sales to end-consumers during the same period.
Financial Data
From 2005 to 2007, the company revenue grew at a compound annual growth rate of 37.9%, and during the more challenging global economic environment from 2007 to 2011, at a compound annual growth rate of 18.7%. In 2011, the company generated revenue of $259.7 million, net income attributable to controlling interest of $29.1 million, adjusted EBITDA of $58.8 million and adjusted net income of $34.8 million.

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