Business Wire·Nov 11, 2026, 7:00 AM ET

Caesarstone Reports Third Quarter 2026 Financial Results

Caesarstone reported Q3 2026 revenue of $96.3 million, a 7.2% decrease on a constant currency basis compared to the prior year.
Gross margin improved to 25.4% from 17.3% in the prior year quarter, driven by cost savings & a refund on U.S. IEEPA tariffs.
The company recorded a net loss of $56.1 million, with $46.8 million attributed to a California jury verdict in a silica exposure case.
Adjusted net loss was $1.6 million, & the company delivered near breakeven Adjusted EBITDA of a $0.1 million loss.
Operating expenses rose to $81.4 million due to legal settlements & loss contingencies, while adjusted operating expenses remained stable at 28.8% of revenue.
A California jury found the company liable for $46.8 million in damages, which the company strongly disagrees with & plans to appeal.
The company recorded a total provision of $105.5 million for probable legal losses as of September 30, 2026.
Approximately 40% of Q3 2026 revenue was generated in the U.S., where new tariff-rate quotas could impact annualized revenue by $10.0 million to $15.0 million.
Balance sheet liquidity stood at $50.7 million in cash, cash equivalents, & short-term bank deposits with no debt to financial institutions.
The company noted stabilization in Canada & continued growth in Australia, while the U.S. market remained soft.