Caesarstone (CSTE) Reports In-Line Q1 EPS, Revenues Miss; Affirms FY19 Revenue Mid-Point Guidance Above Consensus

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Go back to Caesarstone (CSTE) Reports In-Line Q1 EPS, Revenues Miss; Affirms FY19 Revenue Mid-Point Guidance Above Consensus

Caesarstone Reports 2019 First Quarter Financial Results and Announces Global Growth Acceleration Plan

May 1, 2019 7:00 AM EDT

Revenue of $128.2 million Net loss of $0.4 million, or $0.01 per share Adjusted net income of $2.7 million, or $0.08 per share Adjusted EBITDA of $11.6 million Announces 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 force Reiterates full year 2019 outlook

MP MENASHE, Israel--(BUSINESS WIRE)-- Caesarstone Ltd. (NASDAQ: CSTE), a leading developer and... More