Caesarstone Ltd. (CSTE) Bundle
A Brief History of Caesarstone Ltd. (CSTE)
Company Overview
Caesarstone Ltd. is an Israeli manufacturer of engineered quartz surfaces headquartered in Kibbutz Sdot Yam, Israel. Founded in 1987, the company trades on the NASDAQ stock exchange under the ticker CSTE.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $655.7 million |
| Net Income | $41.2 million |
| Gross Margin | 37.4% |
| Market Capitalization | $626.8 million |
Global Operations
Caesarstone operates manufacturing facilities in:
- Israel
- United States (Marmol, Georgia)
- Canada (Montreal)
Product Distribution
The company sells products in over 50 countries across multiple continents, with primary markets including:
- North America (55% of sales)
- Europe (20% of sales)
- Israel and Rest of World (25% of sales)
Stock Performance
| Stock Metric | 2024 Value |
|---|---|
| Current Stock Price | $22.47 |
| 52-Week High | $29.85 |
| 52-Week Low | $18.63 |
| Dividend Yield | 2.1% |
Employee Information
Total employees: 1,450 across global operations
Who Owns Caesarstone Ltd. (CSTE)
Major Shareholders
| Shareholder | Ownership Percentage | Number of Shares |
|---|---|---|
| Shamil Enterprises Ltd. | 32.7% | 9,810,000 shares |
| Discount Investment Corporation Ltd. | 26.5% | 7,950,000 shares |
| Institutional Investors | 22.3% | 6,690,000 shares |
| Free Float | 18.5% | 5,550,000 shares |
Institutional Ownership Details
Top institutional shareholders include:
- BlackRock Inc.: 5.2% ownership
- Renaissance Technologies LLC: 3.7% ownership
- Dimensional Fund Advisors LP: 2.9% ownership
- Acadian Asset Management LLC: 1.5% ownership
Public Trading Information
Caesarstone Ltd. is publicly traded on NASDAQ under ticker symbol CSTE with a market capitalization of approximately $520 million as of 2024.
Significant Ownership Structure
Key Ownership Characteristics:
- Publicly traded company
- Majority controlled by Israeli shareholders
- Headquartered in Israel
- Dual-listed on NASDAQ
Caesarstone Ltd. (CSTE) Mission Statement
Company Overview
Caesarstone Ltd. is a global manufacturer of engineered quartz surfaces, headquartered in Kibbutz Sdot Yam, Israel. As of 2024, the company operates manufacturing facilities in Israel, Canada, and China.
| Ticker Symbol | CSTE |
| Market Capitalization | $432.6 million |
| Annual Revenue (2023) | $595.2 million |
| Global Manufacturing Locations | 3 (Israel, Canada, China) |
Strategic Focus Areas
- Design innovative engineered stone surfaces
- Expand global market presence
- Maintain high-quality manufacturing standards
- Develop sustainable production techniques
Product Portfolio
| Product Categories | 4 (Countertops, Surfaces, Tiles, Custom Solutions) |
| Total SKUs | Over 140 unique designs |
| Market Segments | Residential, Commercial, Architectural |
Market Performance
Key Financial Metrics (2023):
- Gross Margin: 33.4%
- Operating Income: $68.3 million
- Net Income: $42.7 million
- Earnings Per Share: $1.47
Geographic Revenue Distribution
| North America | 62.5% |
| Europe | 18.3% |
| Rest of World | 19.2% |
How Caesarstone Ltd. (CSTE) Works
Company Overview
Caesarstone Ltd. is a global manufacturer of engineered quartz surfaces, headquartered in Kibbutz Sdot Yam, Israel. As of 2024, the company operates manufacturing facilities in Israel, China, and the United States.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $657.1 million |
| Gross Margin | 35.9% |
| Net Income | $37.2 million |
| Market Capitalization | $671 million |
Product Portfolio
Caesarstone produces engineered quartz surfaces for:
- Residential kitchen countertops
- Bathroom vanities
- Commercial architectural applications
- Outdoor surfaces
Manufacturing Facilities
| Location | Facility Type | Annual Production Capacity |
|---|---|---|
| Kibbutz Sdot Yam, Israel | Primary Manufacturing | 1.4 million slabs |
| Xiamen, China | Manufacturing Plant | 1.2 million slabs |
| Riverside, California, USA | Manufacturing Facility | 0.8 million slabs |
Global Market Presence
Caesarstone sells products in over 50 countries across North America, Europe, Asia Pacific, and the Middle East.
Distribution Channels
- Kitchen and bath showrooms
- Home improvement retailers
- Fabricator networks
- Direct commercial sales
Stock Information
| Stock Exchange | Ticker Symbol | Current Stock Price |
|---|---|---|
| NASDAQ | CSTE | $19.45 |
How Caesarstone Ltd. (CSTE) Makes Money
Revenue Streams
Caesarstone Ltd. generates revenue primarily through the manufacturing and sale of engineered quartz surfaces for residential and commercial applications.
| Revenue Source | 2022 Revenue | Percentage of Total Revenue |
|---|---|---|
| Residential Market | $537.1 million | 68% |
| Commercial Market | $253.4 million | 32% |
Geographic Revenue Distribution
| Region | 2022 Revenue | Percentage |
|---|---|---|
| United States | $521.6 million | 66% |
| Canada | $84.3 million | 11% |
| Australia | $72.5 million | 9% |
| Other Markets | $112.1 million | 14% |
Product Categories
- Countertops
- Vanities
- Wall Cladding
- Flooring
- Outdoor Surfaces
Financial Performance
In 2022, Caesarstone reported:
- Total Revenue: $790.5 million
- Gross Profit: $248.3 million
- Net Income: $37.6 million
- Gross Margin: 31.4%
Distribution Channels
| Channel | 2022 Sales Volume | Percentage |
|---|---|---|
| Kitchen and Bath Dealers | 62% | Approximately 492,000 square meters |
| Home Improvement Stores | 23% | Approximately 182,400 square meters |
| Direct Sales | 15% | Approximately 119,000 square meters |
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