Business Wire·May 13, 2026, 7:00 AM ET

Caesarstone Reports First Quarter 2026 Financial Results

CSTE

Caesarstone Ltd. reported first quarter 2026 revenue of $88.7 million, a 10.9% decrease year-over-year, with constant currency revenue down 14.9% due to soft demand & competitive pressure in North America.
Gross margin increased to 22.3% from 21.3% in the prior year, driven by cost savings from the transition to a third-party manufacturing model & the closure of the Bar-Lev facility.
Operating loss widened to $19.4 million from $14.8 million, primarily due to $5.8 million in impairment expenses recorded during the quarter.
Adjusted EBITDA was a loss of $7.5 million, compared to a loss of $7.1 million in the prior year, though the company remains on track to achieve positive Adjusted EBITDA in the third quarter of 2026.
Net loss attributable to controlling interest was $21.1 million ($0.61 per share), compared to $12.9 million ($0.37 per share) in the prior year.
The company holds a net cash position of $50.4 million as of March 31, 2026, with cash & equivalents of $52.3 million & total debt of $1.8 million.
Approximately 45% of Q1 2026 revenue was generated in the U.S. market, which faces ongoing U.S. tariffs & potential new trade restrictions following an ITC determination of serious injury.
The company recorded a legal provision of $48.8 million regarding 711 silica exposure claims across Israel, Australia, & the U.S., with insurance receivables totaling $11.6 million.
In May 2026, a Colorado jury ruled in favor of the company in one silicosis case, while four claims were settled in California during the first quarter.
The company expects President Trump to issue a final determination on proposed U.S. quartz tariffs within 60 days of the May 5, 2026 ITC remedy recommendation.