CaesarStone Sdot-Yam (CSTE) has released an update.
Caesarstone reported a revenue of $107.6 million for the third quarter of 2024, amidst challenging market conditions and a 24.8% year-over-year decline. Despite facing lower demand and increased competition, the company improved its net cash position to $108.9 million and maintained its commitment to positive operating cash flow through strategic restructuring and targeted investments. However, Caesarstone faces ongoing legal challenges in the U.S. related to silica dust exposure claims.
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