Caesarstone Reports 2019 First Quarter Financial Results and Announces Global Growth Acceleration Plan
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Caesarstone (CSTE) Reports In-Line Q1 EPS, Revenues Miss; Affirms FY19 Revenue Mid-Point Guidance Above Consensus
May 1, 2019 7:22 AM EDTCaesarstone (NASDAQ: CSTE) reported Q1 EPS of $0.08, in-line with the analyst estimate of $0.08. Revenue for the quarter came in at $128.2 million versus the consensus estimate of $132.66 million.
Revenue of $128.2 millionNet loss of $0.4 million, or $0.01 per shareAdjusted net income of $2.7 million, or $0.08 per shareAdjusted EBITDA of $11.6 millionAnnounces a Global Growth Acceleration Plan focused on growth with excellence and efficiency, including an immediate 7% global workforce reduction and planned expansion of the U.S. sales forceReiterates full year 2019 outlookYuval Dagim, Chief Executive Officer, commented, We are excited to... More
