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caesarstone® NEWS RELEASE Caesarstone Reports First Quarter 2021 Financial Results 5/5/2021 - Record First Quarter Revenue Grew 15.4 % Over Prior Year to $ 146.0 Million - - Per Share Diluted Net Income of $ 0.41 and Adjusted Diluted EPS of $ 0.42 - - Gross Margin Expanded 90 Basis Points to 29.7 % - - Adjusted EBITDA Increased 54.1 % to $ 20.3 Million at a 13.9 % Margin - - Strong Net Cash Position ( * ) of $ 105.3 Million at Quarter End - - Declares Dividend of $ 0.21 per share - - Reiterates Outlook for 2021 Revenue and Adjusted EBITDA Growth - MP MENASHE , Israel -- ( BUSINESS WIRE ) -- Caesarstone Ltd. ( NASDAQ : CSTE ) , a leading developer and manufacturer of high - quality engineered surfaces , today reported financial results for its first quarter ended March 31 , 2021 . " We are extremely pleased to produce another consecutive quarter of growth as we continue to successfully execute our strategy to transform Caesarstone into a leading premium , multi - material countertop company , " commented Yuval Dagim , Caesarstone's Chief Executive Officer . " Our recently completed accretive acquisitions of Omicron and Lioli Ceramica are already contributing to results , helping us to deliver record first quarter revenue . Our collective actions since we announced our Global Growth Acceleration Plan two years ago have allowed us to establish an efficient global operating platform , resulting in our third consecutive quarter of year - on - year EBITDA margin expansion . We are encouraged with the progress we have made integrating Lioli and Omicron and are excited to further realize the unique benefits of each platform as a combined business . As we move forward , we will continue to leverage our innovative go - to - market initiatives , world - class brand and multi - material product offerings 1