Key Highlights

  • Revenue was USD 96.3 million against USD 105.20 million estimated; adjusted loss was USD 0.05 per share against USD 0.16.
  • GAAP net loss to controlling interest was USD 56.1 million, or USD 1.62 per share, against USD 0.52.
  • Gross Margin was 25.4% against 17.3%, and adjusted EBITDA was roughly breakeven, an improvement of nearly USD 8 million.
  • Net cash was USD 50.7 million, and management cited about USD 22 million of annualized savings from a plant closure.

Caesarstone Ltd. (NYSE:CSTE) reported third quarter 2026 Revenue of USD 96.3 million against an estimate of USD 105.20 million, a shortfall of about 8.5%. The adjusted loss was USD 0.05 per share against an estimate of negative USD 0.16. The company reported before the market open on November 11, 2026, and held its Earnings Call that day.

Management said revenue was similar to the second quarter and compared with USD 102 million a year earlier, a decrease of 7.2% in constant currency that it attributed mainly to competitive pressures and continued soft global demand.

Regions and Margins

United States revenue was approximately USD 38.8 million against USD 46.7 million. Canada revenue decreased 0.7% in constant currency, revenue in Australia was USD 22.4 million against USD 18.5 million, and revenue in Europe, the Middle East and Africa increased 0.8% in constant currency.

Gross margin was 25.4%, compared with 17.3% in the prior year quarter, and adjusted gross margin, which excludes residual costs related to closed plants, was 26.9%. Gross margin also included a refund of approximately USD 900,000 on previously paid United States duties. Excluding legal settlements and loss contingencies, Impairment and restructuring, operating expenses improved to 28.8% of revenue from 29.1%.

Adjusted EBITDA was roughly breakeven, an improvement of nearly USD 8 million from the third quarter of last year.

GAAP Results and Adjusted Measures

Net loss attributable to controlling interest was USD 56.1 million, or USD 1.62 per share, against USD 18.1 million, or USD 0.52 per share. Adjusted diluted net loss per share was USD 0.05 on 35 million shares, against USD 0.40 on 34.6 million shares in the third quarter of 2025. The source table figure of negative USD 0.05 is the adjusted measure.

The gap between the GAAP and adjusted figures reflects legal settlements and loss contingencies, impairment and restructuring, which management excluded from its adjusted measures.

Management said its net cash position was USD 50.7 million as of September 30, 2026. It said the closure of one of its plants, once fully implemented, is anticipated to deliver approximately USD 22 million in annualized cash savings.

Items to Follow

The items to follow are the regional revenue trend, particularly in the United States, the gross margin level after plant closures, the net cash position and the savings from the restructuring. Adjusted measures are non-GAAP, and the company's release reconciles them to the reported results.

The company's legal settlements and loss contingencies, restructuring and impairment charges are noted on the call without full detail, and the company's legal proceedings are flagged for human legal review.