Caesarstone Q2 revenue falls as demand softens
Caesarstone Q2 revenue falls as demand softens
Overview
Engineered surfaces maker's Q2 revenue fell 4.5% yr/yr amid soft global demand
Company's gross margin improved to 24.0% from 19.6%, driven by cost savings and tariff refund
Adjusted EBITDA loss narrowed to $1.0 mln, but new U.S. tariffs prompt reassessment of profitability timeline
Outlook
Company is reassessing timing of achieving positive Adjusted EBITDA due to new U.S. tariffs
Result Drivers
TARIFF REFUND - Q2 benefited from a refund received on account of previously paid U.S. IEEPA tariffs
SOFT DEMAND AND COMPETITION - Revenue continued to be impacted by competitive dynamics and soft market conditions, most notably in North America
Company press release: ID:nBw2g7ThQa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| $96.55 mln |
|
Q2 Net Loss |
| $15.57 mln |
|
Q2 Gross Profit |
| $23.19 mln |
|
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)