Caesarstone reports Q4 EPS (35c) vs (28c) last year

Reports Q4 revenue $97.86M, consensus $99.4M.Yos Shiran, Caesarstone’s (CSTE) Chief Executive Officer commented, “Caesarstone delivered resilient adjusted EBITDA performance for the full year, even as our revenue reflects the persistent global market headwinds affecting our industry. Throughout 2024, we made meaningful progress on our transformation strategy, focusing on strengthening our R&D capabilities, expanding our zero crystalline silica and porcelain product offerings globally, and optimizing our operational framework. The operational enhancements implemented across our business have significantly improved our cash flow generation and working capital efficiency, while positioning us to achieve substantially higher profitability as revenues recover. We have successfully executed upon our strategic restructuring plan exemplified by our improved gross margin. While market conditions remain challenging, we are confident that our strategic initiatives and disciplined execution have created a more agile and efficient organization ready to capitalize on market opportunities in 2025.”