Business Wire·Aug 5, 2026, 7:00 AM ET

Caesarstone Reports Second Quarter 2026 Financial Results

Caesarstone Ltd. reported second quarter 2026 revenue of $96.6 million, a decrease from $101.1 million in the prior year quarter.
Gross margin for the quarter reached 24.0%, up from 19.6% in the prior year, while adjusted gross margin was 26.5%.
Adjusted EBITDA loss narrowed to $1.0 million compared to a $6.4 million loss in the prior year quarter.
Net loss attributable to controlling interest was $15.6 million, or $0.45 per share, compared to $18.6 million or $0.54 per share in the prior year.
The company is evaluating the impact of a new U.S. tariff-rate quota on quartz imports effective August 15, 2026, which may delay the achievement of positive Adjusted EBITDA.
Approximately 44% of second quarter revenues were generated in the U.S. market.
The company recorded a legal provision of $51.2 million for silica dust injury claims as of June 30, 2026, with $12.0 million in insurance receivables.
Cash, cash equivalents, and short-term bank deposits totaled $51.8 million as of June 30, 2026, with no debt to financial institutions.
Operating expenses were $33.4 million, driven primarily by higher legal settlements and loss contingencies.
Revenue on a constant currency basis declined approximately 7.7% year-over-year due to soft demand in North America, partially offset by strength in Australia.