Business
Caesarstone Reports First Quarter 2025 Financial Results
MP MENASHE, Israel, May 07, 2025--Caesarstone Ltd. (NASDAQ: CSTE), a leading developer and manufacturer of high-quality engineered surfaces, today reported financial results for its first quarter ended March 31, 2025.
About this update from Caesarstone Ltd.
[{"type":"text","content":"- Revenue of $99.6 Million -","length":28,"tagName":"p","attribs":{}},{"type":"text","content":"- Gross Margin of 21.3% -","length":25,"tagName":"p","attribs":{}},{"type":"text","content":"- Strong Balance Sheet with Net Cash Position of $85.3 Million -","length":64,"tagName":"p","attribs":{}},{"type":"text","content":"- Continued Progress on Strategic Transformation and Cost Optimization Initiatives -","length":84,"tagName":"p","attribs":{}},{"type":"text","content":"MP MENASHE, Israel, May 07, 2025--(BUSINESS WIRE)--Caesarstone Ltd. (NASDAQ: CSTE), a leading developer and manufacturer of high-quality engineered surfaces, today reported financial results for its first quarter ended March 31, 2025.","length":234,"tagName":"p"},{"type":"text","content":"Yos Shiran, Caesarstone’s Chief Executive Officer commented, "We delivered modest sequential improvement this quarter as our business continues to stabilize in a challenging market environment. These results reflect our ability to effectively navigate a complex global landscape while advancing key initiatives that are designed to transform our business for long-term success. Our manufacturing optimization efforts are already yielding measurable benefits, our porcelain expansion is gaining momentum, and we anticipate that our R&D investments will drive growth. While we are carefully monitoring the impact of recently imposed U.S. tariffs, our strong balance sheet and operational flexibility leave us well positioned to manage near-term headwinds as we continue to build a more agile, innovation and marketing driven organization well equipped to capture long-term growth opportunities."","length":907,"tagName":"p"},{"type":"text","content":"First Quarter 2025 Results","length":26,"tagName":"p"},{"type":"text","content":"Revenue in the first quarter of 2025 was $99.6 million compared to $118.3 million in the prior year quarter. On a constant currency basis, first quarter revenue was down 14.5% year-over-year mainly due to lower volumes. Volumes were impacted by global economic headwinds across the Company's main regions resulting in lower demand accompanied by greater competitive pressures.","length":380,"tagName":"p"},{"type":"text","content":"Gross margin in the first quarter of 2025 was 21.3% compared to 24.5% in the prior year quarter. Adjusted gross margin in the f...