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Caesarstone Sdot-Yam Ltd. (CSTE)
NASDAQ:CSTE
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.23Last Year’s EPS
-$0.28Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2024
|% Change Since: 7.29%
|Next Earnings Date:Feb 05, 2025
Earnings Call Sentiment|Negative
The earnings call highlights significant operational achievements such as improved gross margin and successful restructuring initiatives. However, these are overshadowed by substantial revenue declines across regions, an adjusted EBITDA loss, ongoing litigation challenges, and cost pressures. While strategic efforts are in place to counteract these challenges, the current financial pressures and external market conditions present a negative outlook.Company Guidance
During the Caesarstone Q3 2024 earnings call, several key metrics and strategic updates were discussed. The company reported global revenue of $107.6 million, marking a 24.8% decline on a constant currency basis year-over-year, driven by reduced volumes and competitive pressures, especially in the residential renovation sector. The U.S. and Canada saw sales drop by 20.5% and 23.8% respectively, while Australia experienced a 37.7% decrease due to market conditions and regulatory transitions. Despite these challenges, Caesarstone achieved an operating cash flow of $60 million for the quarter, partly from a $10 million land sale. The gross margin improved slightly to 19.9%, and the company maintained a strong balance sheet with $114.1 million in cash and short-term deposits. Strategic initiatives included a shift in production to external partners, accounting for 70% compared to 30% a year ago, and a focus on operational efficiency to offset cost pressures from shipping and material costs. Looking ahead, Caesarstone anticipates a full-year adjusted EBITDA loss between $10 million and $11 million, with expectations of improved conditions as markets stabilize.Gross Margin Improvement
Gross margin improved to 19.9% compared to 19.1% in the prior year quarter, indicating the positive impact of restructuring actions.
Operational Flexibility and Cash Flow
Successfully transitioned approximately 70% of production to manufacturing partners, enhancing operational flexibility and generating $60 million in operating cash flow.
Completion of Land Sale
Completed sale of 69 acres of undeveloped land at Richmond Hill facility for $10 million, contributing to cash flow.
Strong Balance Sheet
Maintained a strong balance sheet with $114.1 million in cash and short-term deposits and a net cash position of $108.9 million.
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CSTE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CSTE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $4.25 | $3.87 | -8.94% |
| Aug 07, 2024 | $5.25 | $4.86 | -7.43% |
| May 08, 2024 | $6.61 | $5.94 | -10.14% |
| Feb 21, 2024 | $3.92 | $4.10 | +4.59% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Caesarstone Sdot-Yam Ltd. (CSTE) report earnings?
Caesarstone Sdot-Yam Ltd. (CSTE) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Caesarstone Sdot-Yam Ltd. (CSTE) earnings time?
Caesarstone Sdot-Yam Ltd. (CSTE) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CSTE EPS forecast?
CSTE EPS forecast for the fiscal quarter 2024 (Q4) is -$0.23.
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