Earnings release
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Logo NEWS RELEASE Caesarstone Reports Second Quarter 2021 Financial Results 8/4/2021 - Record Quarterly Revenue of $ 163.5 Million , Up 65.1 % Over Prior Year - - Net Income Attributable to Controlling Interest of $ 1.7 Million , or $ 0.05 Per Share - - Adjusted Net Income of $ 7.2 Million , or $ 0.21 Per Share - - Adjusted EBITDA of $ 18.8 Million , Up 187.9 % Over Prior Year - - Strong Net Cash Position ( * ) of $ 107.8 Million at Quarter End - 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 second quarter ended June 30 , 2021 . " I am very pleased with our ability to deliver record sales during the second quarter driven by strong performance across our business , as well as the positive contributions from our recent accretive acquisitions of Omicron and Lioli " commented Yuval Dagim , Caesarstone's Chief Executive Officer . " This achievement is attributable to the focused execution of our Global Growth Acceleration Plan as we continue to leverage our world - class brand and innovative go - to - market initiatives to enhance customer experience and engagement . To that point , our new CS Connect platform represents a technological leap for our business , transforming the way we communicate with our customers and consumers , and we are highly encouraged by the initial feedback we have received . Looking to the second half of 2021 , we have a strong balance sheet in place with ample capital to build on our success as we further execute our growth strategy to transform Caesarstone into a leading premium , multi - material countertop company . " ( * ) Cash position is defined as cash and cash equivalents and short - term bank deposits and long and short - term 1