Caesarstone Ltd. (CSTE) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Greetings and welcome to the Caesarstone Second Quarter 2026 Earnings Conference Call. Please note this event is being recorded. I would now like to turn the conference over to your host, Brad Cray of ICR. Thank you. Please go ahead. Thank you, Operator, and good morning to everyone on the line. I am joined by Yosef Shiran, Caesarstone's Chief Executive Officer, and Nahum Trost, Caesarstone's Chief Financial Officer. Certain statements in today's conference call and responses to various questions may constitute forward-looking statements. We caution you that such statements reflect only the company's current expectations and that actual events or results may differ materially. For more information, please refer to the risk factors contained in the company's most recent annual report on Form 20-F and subsequent filings with the SEC. In addition, on this call, the company will make reference to certain non-GAAP financial measures, including adjusted net loss, income, adjusted net loss, income per share, adjusted gross profit, adjusted EBITDA, and constant currency. The reconciliation of these non-GAAP measures to the most directly comparable GAAP measures can be found in the company's second quarter 2026 earnings release, which is posted on the company's investor relations website. On today's call, Yosef will discuss our business activity and Nahum will then cover additional details regarding financial results. Thank you, and I would like to now turn the call over to Yosef. Please go ahead. Thank you, Brad, and good morning, everyone. The second quarter marked another step forward in our efforts to restore profitability. Gross margin improved meaningfully both year-over-year and sequentially, reaching 24% on low revenue. and our adjusted EBITDA loss narrowed significan...