Caesarstone Reports 2019 Second Quarter Financial Results

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Go back to Caesarstone Reports 2019 Second Quarter Financial Results

Caesarstone (CSTE) Tops Q2 EPS by 2c, Revenues Miss; Offers FY19 Revenues Below Consensus

August 7, 2019 7:17 AM EDT

Caesarstone (NASDAQ: CSTE) reported Q2 EPS of $0.23, $0.02 better than the analyst estimate of $0.21. Revenue for the quarter came in at $141 million versus the consensus estimate of $147.02 million.

Quarterly Revenue of $141.1 millionNet Income of $6.4 million, or $0.19 per shareAdjusted net income of $7.9 million, or $0.23 per shareAdjusted EBITDA of $19.2 millionBegan effectively executing Global Growth Acceleration PlanReiterates Adjusted EBITDA and updates revenue outlook for full year 2019

Yuval Dagim, Chief Executive Officer, commented, In the first half of 2019, we have put in place our new core leadership team,... More