Quarterly ResultAug 5, 2026, 07:31 AM
Caesarstone Q2 Revenue $96.6M, Gross Margin 24.0%; Adjusted EBITDA Loss Narrows
AI Summary
Caesarstone Ltd. reported second quarter 2026 financial results, with revenue of $96.6 million, a 4.5% decrease year-over-year. Despite the revenue decline, the company significantly improved its gross margin to 24.0% and narrowed its Adjusted EBITDA loss to $1.0 million, reflecting benefits from its optimized production network and restructuring efforts. However, new U.S. quartz tariffs, effective August 15, 2026, introduce uncertainty, prompting the company to reassess the timing of achieving positive Adjusted EBITDA. The company also continues to manage approximately 800 legal claims related to silica dust exposure, with a $51.2 million provision recorded.
Key Highlights
- Q2 2026 Revenue was $96.6 million, down 4.5% YoY (7.7% constant currency).
- Gross margin improved to 24.0% in Q2 2026 from 19.6% in Q2 2025.
- Adjusted EBITDA loss narrowed significantly to $1.0 million from $6.4 million YoY.
- Net loss attributable to controlling interest was $15.6 million, down from $18.6 million YoY.
- Adjusted diluted net loss per share was $0.10, an improvement from $0.33 YoY.
- New U.S. quartz tariff-rate quota effective August 15, 2026, with 25-50% tariffs.
- Company is evaluating impact of new tariffs on achieving positive Adjusted EBITDA.
- Provision of $51.2 million recorded for ~800 silica dust legal claims.
Price Impact