Caesarstone (CSTE) Tops Q1 EPS by 11c ; Provides Outlook

Caesarstone (NASDAQ: CSTE) reported Q1 EPS of ($0.13), $0.11 better than the analyst estimate of ($0.24). Revenue for the quarter came in at $118.3 million versus the consensus estimate of $126.7 million.

Outlook

The Company reaffirms its expectation to deliver positive adjusted EBITDA for full year 2024 along with another full year of positive operating cash flow. The Company also reiterates its expectation to realize restructuring-related cost savings of approximately $20.0 million in full year 2024 and $30.0 million thereafter compared to full year 2023.

For earnings history and earnings-related data on Caesarstone (CSTE) click here.

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