Caesarstone Ltd.

Caesarstone Ltd. announced that a jury in the Superior Court of California, County of Los Angeles, found the Company liable in a silicosis lawsuit. The jury awarded the plaintiff approximately $67.3 million in damages, with Caesarstone being apportioned 69.1% of the fault, amounting to roughly $46.5 million. The Company is currently evaluating its options in response to the verdict.

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.

Caesarstone reported first quarter 2026 financial results, with revenue decreasing to $88.7 million, down 10.9% year-over-year. Despite revenue pressure, the company achieved a gross margin expansion to 22.3%, driven by its transition to a third-party manufacturing model and restructuring efforts. The company remains on track to deliver positive Adjusted EBITDA in the third quarter of 2026, while navigating macroeconomic headwinds, competitive dynamics, U.S. tariff uncertainties, and ongoing legal proceedings related to silicosis claims.