{"id":522814,"date":"2021-08-04T07:04:06","date_gmt":"2021-08-04T11:04:06","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/caesarstone-reports-second-quarter-2021-financial-results\/"},"modified":"2021-08-04T07:04:06","modified_gmt":"2021-08-04T11:04:06","slug":"caesarstone-reports-second-quarter-2021-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/caesarstone-reports-second-quarter-2021-financial-results\/","title":{"rendered":"Caesarstone Reports Second Quarter 2021 Financial Results"},"content":{"rendered":"

<\/p>\n

Caesarstone Reports Second Quarter 2021 Financial Results<\/b><\/p>\n

\u2013 Record Quarterly Revenue of $163.5 Million, Up 65.1% Over Prior Year \u2013<\/b><\/p>\n

\u2013 Net Income Attributable to Controlling Interest of $1.7 Million, or $0.05 Per Share \u2013<\/b><\/p>\n

\u2013 Adjusted Net Income of $7.2 Million, or $0.21 Per Share \u2013<\/b><\/p>\n

\u2013 Adjusted EBITDA of $18.8 Million, Up 187.9% Over Prior Year \u2013<\/b><\/p>\n

\u2013 Strong Net Cash Position(*)<\/sup> of $107.8 Million at Quarter End \u2013<\/b><\/p>\n

\u2013 Reiterates Outlook for 2021 Revenue and Adjusted EBITDA Growth \u2013<\/b><\/p>\n

MP MENASHE, Israel–(BUSINESS WIRE<\/a>)–
\nCaesarstone 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.\n<\/p>\n

\n\u201cI 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\u201d commented Yuval Dagim, Caesarstone\u2019s Chief Executive Officer. \u201cThis 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.\u201d\n<\/p>\n

\n(*) Cash position is defined as cash and cash equivalents and short-term bank deposits and long and short-term investment in marketable securities less debt from financial institutions.\n<\/p>\n

Second Quarter 2021 Results<\/b><\/p>\n

Revenue<\/b> in the second quarter of 2021 grew 65.1% to a record of $163.5 million compared to $99.0 million in the prior year quarter. On a constant currency basis, second quarter revenue was higher by 55.5% year-over-year. Sales growth was primarily driven by improved demand across the majority of our global footprint, as economies around the world continue to recover from the pandemic, in addition to the contribution of our recent acquisitions.\n<\/p>\n

Gross margin<\/b> in the second quarter improved to 28.0% compared to 20.4% in the prior year quarter. Adjusted gross margin in the second quarter was 28.1% compared to 20.5% in the prior year quarter. The year-over-year improvement in gross margin mainly reflects better regional and product mix, more favorable currency exchange rates, enhanced productivity in our factories, and growing demand since the beginning of the pandemic which were partly offset by lower sales prices and higher raw material and shipping inflation.\n<\/p>\n

Operating expenses<\/b> in the second quarter were $40.6 million, or 24.8% of revenue, compared to $23.1 million, or 23.3% of revenue in the prior year quarter. Excluding legal settlements and loss contingencies, operating expenses were 22.3% of revenue, compared to 21.6% in the prior year quarter, mainly due to higher marketing and selling expenses related to initiatives under the Company\u2019s Global Growth Acceleration Plan.\n<\/p>\n

Operating income<\/b> grew to $5.2 million compared to operating loss of $2.9 million in the prior year quarter. The year-over-year growth mainly reflects higher gross profit.\n<\/p>\n

Adjusted EBITDA<\/b>, which excludes expenses for non-cash share-based compensation, legal settlements and loss contingencies and for non-recurring items, more than doubled year-over-year to $18.8 million in the second quarter, representing a margin of 11.5%. This compares to adjusted EBITDA of $6.5 million, representing a margin of 6.6%, in the prior year quarter. The year-over-year margin improvement primarily reflects the higher gross margin.\n<\/p>\n

Finance expense <\/b>in the second quarter was $3.1 million compared to finance expense of $2.5 million in the prior year quarter. The difference was primarily a result of higher credit cards fees due to higher volume as well as interest related to bank loan.\n<\/p>\n

Net Income attributable to controlling interest<\/b> for the second quarter was $1.7 million compared to net loss of $5.9 million in the prior year quarter. Net income per share for the second quarter was $0.05 compared to net loss per share of $0.17 in the prior year quarter. Adjusted diluted net income per share for the second quarter was $0.21 on 34.6 million shares, compared to adjusted diluted net loss per share of $0.10 in the prior year quarter on 34.5 million shares.\n<\/p>\n

Balance Sheet & Liquidity<\/b><\/p>\n

\nAs of June 30, 2021, the Company\u2019s balance sheet remained strong, including cash, cash equivalents and short-term bank deposits and short and long-term marketable securities of $121.1 million and total debt to financial institutions of $13.3 million.\n<\/p>\n

Dividend<\/b><\/p>\n

\nThe Company\u2019s dividend policy provides for a quarterly cash dividend of up to 50% of reported net income on a year-to-date basis, less any amount already paid as dividend for the respective period (the \u201ccalculated dividend\u201d), subject in each case to approval by the Company\u2019s board of directors. No dividend is paid if it would be less than $0.10 per share. Pursuant to the Company\u2019s dividend policy, the Company does not intend to pay a dividend for the second quarter of 2021, based on its reported net income attributable to controlling interest for the period.\n<\/p>\n

Outlook<\/b><\/p>\n

\nThe Company reiterates its expectation for 2021 revenue and Adjusted EBITDA to be higher year-over-year. The Company anticipates revenue to grow faster than EBITDA in 2021 mainly due to higher raw material and shipping costs, coupled with a return to more normalized levels of sales and marketing expenses and other investments to support growth initiatives. The Company\u2019s outlook includes the investment costs associated with its Global Growth Acceleration Plan. The Company\u2019s outlook also assumes that pandemic related business restrictions will continue to fade as the year progresses.\n<\/p>\n

Webcast and Conference Call Details<\/b><\/p>\n

\nThe Company will host a live webcast and conference call today at 8:30 a.m. ET to discuss the results, followed by a question and answer session for the investment community. The live webcast of the call can be accessed at ir.caesarstone.com<\/a>. For those unable to access the webcast, the conference call will be accessible by dialing 1-877-407-4018 (domestic) or +1-201-689-8471 (international). The toll-free Israeli number is 1 80 940 6247. Upon dialing in, please request to join the Caesarstone Second Quarter Earnings Call.\n<\/p>\n

\nTo listen to a telephonic replay of the conference call, dial toll-free 1-844-512-2921 (domestic) or +1-412-317-6671 (international) and enter pass code 13721368. The replay will be available beginning at 11:30 a.m. ET on Wednesday, August 4, 2021 and will last through 11:59 p.m. ET on Wednesday, August 11, 2021.\n<\/p>\n

About Caesarstone<\/b><\/p>\n

\nCaesarstone is a concept and lifestyle-driven company with a customer-centered approach to designing, developing, and producing high-end engineered stone countertops, used in residential and commercial buildings. Our products offer superior aesthetic appeal and perfected functionality through a distinct variety of colors, styles, textures, and finishes used in diverse countertop applications, marked by inherent longevity. Strong commitment to service has fostered growing customer loyalty in over 50 countries where the Caesarstone product collections are available: Classico, Supernatural, Metropolitan and Outdoor. For more information please visit our website: www.caesarstone.com<\/a>.\n<\/p>\n

Non-GAAP Financial Measures<\/b><\/p>\n

\nThe non-GAAP measures presented by the Company should be considered in addition to, and not as a substitute for, comparable GAAP measures. Reconciliations of GAAP gross profit to adjusted gross profit, GAAP net income (loss) to adjusted net income (loss) and net income (loss) to Adjusted EBITDA are provided in the schedules to this release. To calculate revenues growth rates that exclude the impact of changes in foreign currency exchange rates, the Company converts actual reported results from local currency to U.S. dollars using constant foreign currency exchange rates in the current and comparable period. The Company provides these non-GAAP financial measures because it believes that they present a better measure of the Company’s core business and management uses the non-GAAP measures internally to evaluate the Company’s ongoing performance. Accordingly, the Company believes that they are useful to investors in enhancing an understanding of the Company’s operating performance.\n<\/p>\n

Forward-Looking Statements<\/b><\/p>\n

\nInformation provided in this press release may contain statements relating to current expectations, estimates, forecasts and projections about future events that are “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to the Company’s plans, objectives and expectations for future operations, including estimations relating to the impact of the COVID-19 pandemic and mitigation measures in connection thereto, expectations of the results of the Company\u2019s business optimization initiative , integration of the company\u2019s acquisitions and its projected outlook and results of operations. These forward-looking statements are based upon management’s current estimates and projections of future results or trends. Actual results may differ materially from those projected as a result of certain risks and uncertainties, both known or unknown. These factors include, but are not limited to: the impact of the COVID-19 pandemic on end-consumers, economic conditions in our key markets, raw material shortages and prices, , fluctuations in home renovation and construction sectors; the company\u2019s ability to compete with lower-priced products and other intense competitive pressures; the outcome of silicosis and other bodily injury claims; regulatory requirements relating to hazards associated with exposure to silica dust; ability to efficiently manufacture products and managing required changes in production and supply chain in light of our recent acquisitions; fluctuations in currency exchange rates; the success of our expansion efforts in the United States; unpredictability of seasonal fluctuations in revenues and other factors discussed under the heading “Risk Factors” in our most recent annual report on Form 20-F and other documents filed with the Securities and Exchange Commission. These forward-looking statements are made only as of the date hereof, and the Company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.\n<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

Caesarstone Ltd. and its subsidiaries
\n
Condensed consolidated balance sheets<\/b><\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\u00a0<\/td>\n<\/tr>\n
\n\n\n

As of<\/b><\/p>\n<\/td>\n<\/tr>\n

U.S. dollars in thousands<\/b><\/td>\n\n\n

June 30, 2021<\/b><\/p>\n<\/td>\n

\n\n

December 31, 2020<\/b><\/p>\n<\/td>\n<\/tr>\n

\n\n\n

(Unaudited)<\/b><\/p>\n<\/td>\n

\n\n

(Audited)<\/b><\/p>\n<\/td>\n<\/tr>\n

ASSETS<\/td>\n\n\n\n<\/tr>\n
\n\n\n\n\u00a0<\/td>\n<\/tr>\n
CURRENT ASSETS:<\/td>\n\n\n\n<\/tr>\n
\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Cash and cash equivalents and short-term bank deposits<\/td>\n\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n101,288\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n114,248\n<\/p>\n<\/td>\n<\/tr>\n

Short-term available for sale marketable securities<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n13,246\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n8,112\n<\/p>\n<\/td>\n<\/tr>\n

Trade receivables, net<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n86,970\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n84,822\n<\/p>\n<\/td>\n<\/tr>\n

Other accounts receivable and prepaid expenses<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n39,609\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n26,481\n<\/p>\n<\/td>\n<\/tr>\n

Inventories<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n167,495\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n152,073\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Total current assets<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n408,608\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n385,736\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\u00a0<\/td>\n<\/tr>\n
LONG-TERM ASSETS:<\/td>\n\n\n\n<\/tr>\n
\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Severance pay fund<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n3,932\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n4,007\n<\/p>\n<\/td>\n<\/tr>\n

Long-term deposits<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n3,763\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n3,837\n<\/p>\n<\/td>\n<\/tr>\n

Deferred tax assets, net<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n9,034\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n8,359\n<\/p>\n<\/td>\n<\/tr>\n

Other long-term receivables<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n404\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n1,675\n<\/p>\n<\/td>\n<\/tr>\n

Operating lease right-of-use assets<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n119,829\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n123,928\n<\/p>\n<\/td>\n<\/tr>\n

Long-term available for sale marketable securities<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n6,596\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n10,926\n<\/p>\n<\/td>\n<\/tr>\n

Property, plant and equipment, net<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n218,562\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n222,883\n<\/p>\n<\/td>\n<\/tr>\n

Goodwill and intangible assets, net<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n57,743\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n59,570\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Total long-term assets<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n419,863\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n435,185\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Total assets<\/td>\n\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n828,471\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n820,921\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\u00a0<\/td>\n<\/tr>\n
LIABILITIES AND EQUITY<\/td>\n\n\n\n<\/tr>\n
\n\n\n\n\u00a0<\/td>\n<\/tr>\n
CURRENT LIABILITIES:<\/td>\n\n\n\n<\/tr>\n
\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Short-term bank credit<\/td>\n\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n13,314\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n13,122\n<\/p>\n<\/td>\n<\/tr>\n

Trade payables<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n73,844\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n55,063\n<\/p>\n<\/td>\n<\/tr>\n

Related parties and other loans<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n2,229\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n2,221\n<\/p>\n<\/td>\n<\/tr>\n

Short term legal settlements and loss contingencies<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n23,361\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n31,039\n<\/p>\n<\/td>\n<\/tr>\n

Accrued expenses and other liabilities<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n58,670\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n55,570\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Total current liabilities<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n171,418\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n157,015\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\u00a0<\/td>\n<\/tr>\n
LONG-TERM LIABILITIES:<\/td>\n\n\n\n<\/tr>\n
\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Long-term bank and other loans and financing liability of land from a related party<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n6,597\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n20,706\n<\/p>\n<\/td>\n<\/tr>\n

Legal settlements and loss contingencies long-term<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n25,770\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n21,910\n<\/p>\n<\/td>\n<\/tr>\n

Deferred tax liabilities, net<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n6,025\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n6,943\n<\/p>\n<\/td>\n<\/tr>\n

Long-term lease liabilities<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n107,978\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n112,719\n<\/p>\n<\/td>\n<\/tr>\n

Accrued severance pay<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n5,296\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n5,303\n<\/p>\n<\/td>\n<\/tr>\n

Long-term warranty provision<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n1,283\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n1,274\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Total long-term liabilities<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n152,949\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n168,855\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\u00a0<\/td>\n<\/tr>\n
REDEEMABLE NON-CONTROLLING INTEREST<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n7,111\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n7,701\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\u00a0<\/td>\n<\/tr>\n
EQUITY:<\/td>\n\n\n\n<\/tr>\n
\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Ordinary shares<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n371\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n371\n<\/p>\n<\/td>\n<\/tr>\n

Treasury shares – at cost<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(39,430)\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(39,430)\n<\/p>\n<\/td>\n<\/tr>\n

Additional paid-in capital<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n161,079\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n160,083\n<\/p>\n<\/td>\n<\/tr>\n

Capital fund related to non-controlling interest<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(5,587)\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(5,587)\n<\/p>\n<\/td>\n<\/tr>\n

Accumulated other comprehensive loss<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n1,306\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n1,083\n<\/p>\n<\/td>\n<\/tr>\n

Retained earnings<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n379,254\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n370,830\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Total equity<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n496,993\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n487,350\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Total liabilities and equity<\/td>\n\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n828,471\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n820,921\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

Caesarstone Ltd. and its subsidiaries
\n
Condensed consolidated statements of income <\/b><\/p>\n<\/td>\n<\/tr>\n

\n\n\n

Three months ended June 30,<\/b><\/p>\n<\/td>\n

\n\n

Six months ended June 30,<\/b><\/p>\n<\/td>\n<\/tr>\n

U.S. dollars in thousands (except per share data)<\/b><\/td>\n\n\n

2021<\/b><\/p>\n<\/td>\n

\n\n

2020<\/b><\/p>\n<\/td>\n

\n\n

2021<\/b><\/p>\n<\/td>\n

\n\n

2020<\/b><\/p>\n<\/td>\n<\/tr>\n

\n\n\n

(Unaudited)<\/b><\/p>\n<\/td>\n

\n\n

(Unaudited)<\/b><\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Revenues<\/td>\n\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n163,462\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n99,037\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n309,494\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n225,594\n<\/p>\n<\/td>\n<\/tr>\n

Cost of revenues<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n117,678\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n78,865\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n220,408\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n169,021\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Gross profit<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n45,784\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n20,172\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n89,086\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n56,573\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Operating expenses:<\/td>\n\n\n\n\n\n\n\n<\/tr>\n
Research and development<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n1,114\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n763\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n2,219\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n1,543\n<\/p>\n<\/td>\n<\/tr>\n

Marketing and selling<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n23,594\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n11,435\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n41,870\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n30,064\n<\/p>\n<\/td>\n<\/tr>\n

General and administrative<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n11,794\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n9,241\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n24,937\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n21,108\n<\/p>\n<\/td>\n<\/tr>\n

Legal settlements and loss contingencies, net<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n4,109\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n1,637\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n4,849\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n4,475\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Total operating expenses<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n40,611\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n23,076\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n73,875\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n57,190\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Operating income (loss)<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n5,173\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(2,904)\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n15,211\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(617)\n<\/p>\n<\/td>\n<\/tr>\n

Finance expenses (income), net<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n3,095\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n2,507\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(2,238)\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n1,638\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Income (loss) before taxes<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n2,078\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(5,411)\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n17,449\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(2,255)\n<\/p>\n<\/td>\n<\/tr>\n

Taxes on income<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n598\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n471\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n2,127\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n949\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Net income (loss)<\/td>\n\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n1,480\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n(5,882)\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n15,322\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n(3,204)\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Net loss attributable to non-controlling interest<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n225\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n–\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n573\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n–\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Net income (loss) attributable to controlling interest<\/td>\n\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n1,705\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n(5,882)\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n15,895\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n(3,204)\n<\/p>\n<\/td>\n<\/tr>\n

Basic net income (loss) per ordinary share (*)<\/td>\n\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n0.05\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n(0.17)\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n0.45\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n(0.09)\n<\/p>\n<\/td>\n<\/tr>\n

Diluted net income (loss) per ordinary share (*)<\/td>\n\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n0.05\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n(0.17)\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n0.45\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n(0.09)\n<\/p>\n<\/td>\n<\/tr>\n

Weighted average number of ordinary shares used in computing basic income (loss) per ordinary share<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n34,451,071\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n34,412,369\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n34,449,483\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n34,406,107\n<\/p>\n<\/td>\n<\/tr>\n

Weighted average number of ordinary shares used in computing diluted income (loss) per ordinary share<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n34,539,958\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n34,412,369\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n34,525,127\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n34,406,107\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n<\/table>\n\n\n
(*) The numerator for the calculation of net income per share for the three and six months ended June 30, 2021 has been decreased by approximately $0.1 and $0.2 million, respectively, to reflect the adjustment to redemption value associated with the redeemable non-controlling interest.<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

Caesarstone Ltd. and its subsidiaries
\n
Selected Condensed consolidated statements of cash flows <\/b><\/p>\n<\/td>\n<\/tr>\n

\n\n\u00a0<\/td>\n<\/tr>\n
\n\n\n

Six months ended June 30,<\/b><\/p>\n<\/td>\n<\/tr>\n

U.S. dollars in thousands<\/b><\/td>\n\n\n

2021<\/b><\/p>\n<\/td>\n

\n\n

2020<\/b><\/p>\n<\/td>\n<\/tr>\n

\n\n\n

(Unaudited)<\/b><\/p>\n<\/td>\n<\/tr>\n

Cash flows from operating activities:<\/span><\/td>\n\n\n\n<\/tr>\n
\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Net income (loss)<\/td>\n\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n15,322\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n(3,204)\n<\/p>\n<\/td>\n<\/tr>\n

Adjustments required to reconcile net income(loss) to net cash provided by operating activities:<\/td>\n\n\n\n<\/tr>\n
Depreciation and amortization<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n17,689\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n14,102\n<\/p>\n<\/td>\n<\/tr>\n

Share-based compensation expense<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n996\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n1,707\n<\/p>\n<\/td>\n<\/tr>\n

Accrued severance pay, net<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n72\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n7\n<\/p>\n<\/td>\n<\/tr>\n

Changes in deferred tax, net<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(1,856)\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(640)\n<\/p>\n<\/td>\n<\/tr>\n

Capital (gain) loss<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(4)\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n22\n<\/p>\n<\/td>\n<\/tr>\n

Legal settlemnets and loss contingencies, net<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n4,849\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n4,475\n<\/p>\n<\/td>\n<\/tr>\n

Decrease (increase) in trade receivables<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(2,307)\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n9,942\n<\/p>\n<\/td>\n<\/tr>\n

Decrease (increase) in other accounts receivable and prepaid expenses<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(8,985)\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n3,172\n<\/p>\n<\/td>\n<\/tr>\n

Increase in inventories<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(15,383)\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(12,621)\n<\/p>\n<\/td>\n<\/tr>\n

Increase (decrease) in trade payables<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n19,049\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(16,117)\n<\/p>\n<\/td>\n<\/tr>\n

Increase (decrease) in warranty provision<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n16\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(98)\n<\/p>\n<\/td>\n<\/tr>\n

Changes in right of use assets<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n3,987\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(1,347)\n<\/p>\n<\/td>\n<\/tr>\n

Changes in lease liabilities<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(4,277)\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n1,554\n<\/p>\n<\/td>\n<\/tr>\n

Amortization of premium and accretion of discount on marketable securities, net<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n204\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n6\n<\/p>\n<\/td>\n<\/tr>\n

Changes in Accrued interest related to Marketable Securities<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n27\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(8)\n<\/p>\n<\/td>\n<\/tr>\n

Increase (decrease) in accrued expenses and other liabilities including related parties<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(6,311)\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n4,173\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Net cash provided by operating activities<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n23,088\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n5,125\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\u00a0<\/td>\n<\/tr>\n
\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Cash flows from investing activities:<\/span><\/td>\n\n\n\n<\/tr>\n
\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Repayment of assumed shareholders loan related to acquisition<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(1,966)\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n–\n<\/p>\n<\/td>\n<\/tr>\n

Repayment of contingent consideration related to acquisition<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(1,780)\n<\/p>\n<\/td>\n

\n<\/tr>\n
Purchase of property, plant and equipment<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(12,472)\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(12,459)\n<\/p>\n<\/td>\n<\/tr>\n

Proceeds from sale of property, plant and equipment<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n5\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n6\n<\/p>\n<\/td>\n<\/tr>\n

Investment in marketable securities, net<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(1,042)\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(13,002)\n<\/p>\n<\/td>\n<\/tr>\n

Decrease (increase) in long term deposits<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n40\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(711)\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Net cash used in investing activities<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(17,215)\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(26,166)\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\u00a0<\/td>\n<\/tr>\n
\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Cash flows from financing activities:<\/span><\/td>\n\n\n\n<\/tr>\n
\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Dividend paid<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(7,234)\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n–\n<\/p>\n<\/td>\n<\/tr>\n

Changes in short-term bank credits and long-term loans<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(10,983)\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(459)\n<\/p>\n<\/td>\n<\/tr>\n

Repayment of a financing leaseback related to Bar-Lev transaction<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(650)\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(610)\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Net cash used in financing activities<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(18,867)\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(1,069)\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\u00a0<\/td>\n<\/tr>\n
\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Effect of exchange rate differences on cash and cash equivalents<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n34\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(198)\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Decrease in cash and cash equivalents and short-term bank deposits<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(12,960)\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(22,308)\n<\/p>\n<\/td>\n<\/tr>\n

Cash and cash equivalents and short-term bank deposits at beginning of the period<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n114,248\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n139,372\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Cash and cash equivalents and short-term bank deposits at end of the period<\/td>\n\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n101,288\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n117,064\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Non – cash investing:<\/span><\/b><\/td>\n\n\n\n<\/tr>\n
Changes in trade payables balances related to purchase of fixed assets<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(316)\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(954)\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

Caesarstone Ltd. and its subsidiaries <\/b><\/p>\n<\/td>\n

\n\n\n<\/tr>\n
\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
\n\n\n

Three months ended June 30,<\/b><\/p>\n<\/td>\n

\n\n

Six months ended June 30,<\/b><\/p>\n<\/td>\n<\/tr>\n

U.S. dollars in thousands<\/b><\/td>\n\n\n

2021<\/b><\/p>\n<\/td>\n

\n\n

2020<\/b><\/p>\n<\/td>\n

\n\n

2021<\/b><\/p>\n<\/td>\n

\n\n

2020<\/b><\/p>\n<\/td>\n<\/tr>\n

\n\n\n

(Unaudited)<\/b><\/p>\n<\/td>\n

\n\n

(Unaudited)<\/b><\/p>\n<\/td>\n<\/tr>\n

Reconciliation of Gross profit to Adjusted Gross profit:<\/b><\/td>\n\n\n\n\n\n\n\n<\/tr>\n
Gross profit<\/td>\n\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n45,784\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n20,172\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n89,086\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n56,573\n<\/p>\n<\/td>\n<\/tr>\n

Share-based compensation expense (a)<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n37\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n122\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n142\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n253\n<\/p>\n<\/td>\n<\/tr>\n

Amortization of assets related to acquisitions<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n160\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n–\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n694\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n–\n<\/p>\n<\/td>\n<\/tr>\n

Adjusted Gross profit (Non-GAAP)<\/td>\n\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n45,981\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n20,294\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n89,922\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n56,826\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n<\/table>\n\n\n
\n

\n(a)\n<\/p>\n<\/td>\n

\n

\nShare-based compensation includes expenses related to stock options and restricted stock units granted to employees and directors of the Company.\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

Caesarstone Ltd. and its subsidiaries <\/b><\/p>\n<\/td>\n

\n\n\n<\/tr>\n
\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
\n\n\n

Three months ended June 30,<\/b><\/p>\n<\/td>\n

\n\n

Six months ended June 30,<\/b><\/p>\n<\/td>\n<\/tr>\n

U.S. dollars in thousands<\/b><\/td>\n\n\n

2021<\/b><\/p>\n<\/td>\n

\n\n

2020<\/b><\/p>\n<\/td>\n

\n\n

2021<\/b><\/p>\n<\/td>\n

\n\n

2020<\/b><\/p>\n<\/td>\n<\/tr>\n

\n\n\n

(Unaudited)<\/b><\/p>\n<\/td>\n

\n\n

(Unaudited)<\/b><\/p>\n<\/td>\n<\/tr>\n

Reconciliation of Net Income (loss) to Adjusted EBITDA:<\/b><\/td>\n\n\n\n\n\n\n\n<\/tr>\n
Net income (loss)<\/td>\n\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n1,480\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n(5,882)\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n15,322\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n(3,204)\n<\/p>\n<\/td>\n<\/tr>\n

Finance expenses (income), net<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n3,095\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n2,507\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(2,238)\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n1,638\n<\/p>\n<\/td>\n<\/tr>\n

Taxes on income<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n598\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n471\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n2,127\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n949\n<\/p>\n<\/td>\n<\/tr>\n

Depreciation and amortization related to acquisitions<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n8,781\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n6,987\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n17,689\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n14,102\n<\/p>\n<\/td>\n<\/tr>\n

Legal settlements and loss contingencies, net (a)<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n4,109\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n1,637\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n4,849\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n4,475\n<\/p>\n<\/td>\n<\/tr>\n

Contingent consideration adjustment related to acquisition<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n284\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n–\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n284\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n–\n<\/p>\n<\/td>\n<\/tr>\n

Share-based compensation expense (b)<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n429\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n801\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n996\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n1,707\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Adjusted EBITDA (Non-GAAP)<\/td>\n\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n18,776\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n6,521\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n39,029\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n19,667\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n<\/table>\n\n\n\n
\n

\n(a)\n<\/p>\n<\/td>\n

\n

\nConsists of legal settlements expenses and loss contingencies, net, related to product liability claims and other adjustments to on-going legal claims, including related legal fees.\n<\/p>\n<\/td>\n<\/tr>\n

\n

\n(b)\n<\/p>\n<\/td>\n

\n

\nShare-based compensation includes expenses related to stock options and restricted stock units granted to employees and directors of the Company.\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

Caesarstone Ltd. and its subsidiaries <\/b><\/p>\n<\/td>\n

\n\n\n<\/tr>\n
\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
\n\n\n

Three months ended June 30,<\/b><\/p>\n<\/td>\n

\n\n

Six months ended June 30,<\/b><\/p>\n<\/td>\n<\/tr>\n

U.S. dollars in thousands (except per share data)<\/b><\/td>\n\n\n

2021<\/b><\/p>\n<\/td>\n

\n\n

2020<\/b><\/p>\n<\/td>\n

\n\n

2021<\/b><\/p>\n<\/td>\n

\n\n

2020<\/b><\/p>\n<\/td>\n<\/tr>\n

\n\n\n

(Unaudited)<\/b><\/p>\n<\/td>\n

\n\n

(Unaudited)<\/b><\/p>\n<\/td>\n<\/tr>\n

Reconciliation of net income (loss) attributable to controlling interest to adjusted net income (loss) attributable to controlling interest:<\/b><\/td>\n\n\n\n\n\n\n\n<\/tr>\n
Net income (loss) attributable to controlling interest<\/td>\n\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n1,705\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n(5,882)\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n15,895\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n(3,204)\n<\/p>\n<\/td>\n<\/tr>\n

Legal settlements and loss contingencies, net (a)<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n4,109\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n1,637\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n4,849\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n4,475\n<\/p>\n<\/td>\n<\/tr>\n

Contingent consideration adjustment related to acquisition<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n284\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n–\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n284\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n–\n<\/p>\n<\/td>\n<\/tr>\n

Amortization of assets related to acquisitions, net of tax<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n561\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n–\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n1,387\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n–\n<\/p>\n<\/td>\n<\/tr>\n

Share-based compensation expense (b)<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n429\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n801\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n996\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n1,707\n<\/p>\n<\/td>\n<\/tr>\n

Non cash revaluation of lease liabilities (c)<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n889\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n1,256\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(973)\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(215)\n<\/p>\n<\/td>\n<\/tr>\n

Total adjustments<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n6,272\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n3,694\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n6,543\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n5,967\n<\/p>\n<\/td>\n<\/tr>\n

Less tax on non-tax adjustments (d)<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n770\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n1,310\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n797\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n2,116\n<\/p>\n<\/td>\n<\/tr>\n

Total adjustments after tax<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n5,502\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n2,384\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n5,746\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n3,851\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Adjusted net income (loss) attributable to controlling interest (Non-GAAP)<\/td>\n\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n7,207\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n(3,498)\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n21,641\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n647\n<\/p>\n<\/td>\n<\/tr>\n

Adjusted diluted EPS (e)<\/td>\n\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n0.21\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n(0.10)\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n0.63\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n0.02\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n
\n

\n(a)\n<\/p>\n<\/td>\n

\n

\nConsists of legal settlements expenses and loss contingencies, net, related to product liability claims and other adjustments to on-going legal claims, including related legal fees.\n<\/p>\n<\/td>\n<\/tr>\n

\n

\n(b)\n<\/p>\n<\/td>\n

\n

\nShare-based compensation includes expenses related to stock options and restricted stock units granted to employees and directors of the Company.\n<\/p>\n<\/td>\n<\/tr>\n

\n

\n(c)\n<\/p>\n<\/td>\n

\n

\nExchange rate differences deriving from revaluation of lease contracts in accordance with FASB ASC 842.\n<\/p>\n<\/td>\n<\/tr>\n

\n

\n(d)\n<\/p>\n<\/td>\n

\n

\nTax adjustments for the three and six months ended June 30, 2021 and 2020, based on the effective tax rates.\n<\/p>\n<\/td>\n<\/tr>\n

\n

\n(e)\n<\/p>\n<\/td>\n

\n

\nIn calculating adjusted diluted (Non-GAAP) EPS for the three and six months ended June 30, 2021 and 2020, the diluted weighted average number of shares outstanding excludes the effects of share-based compensation expense in accordance with FASB ASC 718.\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

Caesarstone Ltd. and its subsidiaries<\/b><\/p>\n<\/td>\n

\n\n\n<\/tr>\n
\n

Geographic breakdown of revenues by region <\/b><\/p>\n<\/td>\n

\n\n\n<\/tr>\n
\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
\n\n\n

Three months ended June 30,<\/b><\/p>\n<\/td>\n

\n\n

Six months ended June 30,<\/b><\/p>\n<\/td>\n<\/tr>\n

U.S. dollars in thousands<\/b><\/td>\n\n\n

2021<\/b><\/p>\n<\/td>\n

\n\n

2020<\/b><\/p>\n<\/td>\n

\n\n

2021<\/b><\/p>\n<\/td>\n

\n\n

2020<\/b><\/p>\n<\/td>\n<\/tr>\n

\n\n\n

(Unaudited)<\/b><\/p>\n<\/td>\n

\n\n

(Unaudited)<\/b><\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
USA<\/td>\n\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n77,844\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n41,726\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n148,675\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n101,781\n<\/p>\n<\/td>\n<\/tr>\n

Canada<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n21,946\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n14,435\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n39,725\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n32,993\n<\/p>\n<\/td>\n<\/tr>\n

Latin America<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n741\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n132\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n1,599\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n638\n<\/p>\n<\/td>\n<\/tr>\n

America’s<\/b><\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n100,531\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n56,293\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n189,999\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n135,412\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Australia<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n31,597\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n23,534\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n58,769\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n45,888\n<\/p>\n<\/td>\n<\/tr>\n

Asia<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n7,370\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n1,732\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n15,147\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n4,563\n<\/p>\n<\/td>\n<\/tr>\n

APAC<\/b><\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n38,967\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n25,266\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n73,916\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n50,451\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
EMEA<\/b><\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n15,852\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n8,031\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n28,570\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n19,371\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Israel<\/b><\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n8,112\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n9,447\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n17,009\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n20,360\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Total Revenues<\/td>\n\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n163,462\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n99,037\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n309,494\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n225,594\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

Caesarstone Ltd. and its subsidiaries<\/b><\/p>\n<\/td>\n

\n\n\n\n\n\n\n<\/tr>\n
\n

Geographic breakdown of revenues by region – Supplemental data<\/b><\/p>\n<\/td>\n

\n\n\n\n\n\n\n<\/tr>\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
\n\n\n

Three months ended<\/b><\/p>\n<\/td>\n<\/tr>\n

U.S. dollars in thousands<\/b><\/td>\n\n\n

6\/30\/2021<\/b><\/p>\n<\/td>\n

\n\n

3\/31\/2021<\/b><\/p>\n<\/td>\n

\n\n

12\/31\/2020<\/b><\/p>\n<\/td>\n

\n\n

9\/30\/2020<\/b><\/p>\n<\/td>\n

\n\n

6\/30\/2020<\/b><\/p>\n<\/td>\n

\n\n

3\/31\/2020<\/b><\/p>\n<\/td>\n

\n\n

12\/31\/2019<\/b><\/p>\n<\/td>\n

\n\n

9\/30\/2019<\/b><\/p>\n<\/td>\n

\n\n

6\/30\/2019<\/b><\/p>\n<\/td>\n<\/tr>\n

\n\n\n

(Unaudited)<\/b><\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
USA<\/td>\n\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n77,844\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n70,831\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n53,618\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n52,097\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n41,726\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n60,055\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n64,659\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n64,805\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n64,590\n<\/p>\n<\/td>\n<\/tr>\n

Canada<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n21,946\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n17,779\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n20,325\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n19,174\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n14,435\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n18,558\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n20,575\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n21,881\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n23,341\n<\/p>\n<\/td>\n<\/tr>\n

Latin America<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n741\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n858\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n1,387\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n124\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n132\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n506\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n735\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n1,434\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n1,351\n<\/p>\n<\/td>\n<\/tr>\n

America’s<\/b><\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n100,531\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n89,468\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n75,330\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n71,395\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n56,293\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n79,119\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n85,969\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n88,120\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n89,282\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Australia<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n31,597\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n27,172\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n29,953\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n27,746\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n23,534\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n22,354\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n26,000\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n28,642\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n28,294\n<\/p>\n<\/td>\n<\/tr>\n

Asia<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n7,370\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n7,777\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n7,122\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n2,881\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n1,732\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n2,831\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n3,932\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n3,675\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n3,311\n<\/p>\n<\/td>\n<\/tr>\n

APAC<\/b><\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n38,967\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n34,949\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n37,075\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n30,627\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n25,266\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n25,185\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n29,932\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n32,317\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n31,605\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
EMEA<\/b><\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n15,852\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n12,718\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n14,408\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n11,422\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n8,031\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n11,340\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n9,464\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n11,719\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n11,418\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Israel<\/b><\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n8,112\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n8,897\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n10,083\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n10,478\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n9,447\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n10,913\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n8,502\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n10,683\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n8,766\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Total Revenues<\/td>\n\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n163,462\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n146,032\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n136,896\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n123,922\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n99,037\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n126,557\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n133,867\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n142,839\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n141,071\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
\n\n\n

Year-over-year % change<\/b><\/p>\n<\/td>\n

\n\n\n\n\n\n\n<\/tr>\n
\n\n\n

6\/30\/2021<\/b><\/p>\n<\/td>\n

\n\n

3\/31\/2021<\/b><\/p>\n<\/td>\n

\n\n

12\/31\/2020<\/b><\/p>\n<\/td>\n

\n\n

9\/30\/2020<\/b><\/p>\n<\/td>\n

\n\n

6\/30\/2020<\/b><\/p>\n<\/td>\n

\n\n\n\n\n\n\n<\/tr>\n
\n\n\n

(Unaudited)<\/b><\/p>\n<\/td>\n

\n\n\n\n\n\n\n<\/tr>\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
USA<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n86.6%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n17.9%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n-17.1%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n-19.6%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n-35.4%\n<\/p>\n<\/td>\n

\n\n\n\n\n\n\n<\/tr>\n
Canada<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n52.0%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n-4.2%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n-1.2%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n-12.4%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n-38.2%\n<\/p>\n<\/td>\n

\n\n\n\n\n\n\n<\/tr>\n
Latin America<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n461.4%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n69.6%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n88.8%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n-91.4%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n-90.2%\n<\/p>\n<\/td>\n

\n\n\n\n\n\n\n<\/tr>\n
America’s<\/b><\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n78.6%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n13.1%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n-12.4%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n-19.0%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n-36.9%\n<\/p>\n<\/td>\n

\n\n\n\n\n\n\n<\/tr>\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Australia<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n34.3%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n21.6%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n15.2%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n-3.1%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n-16.8%\n<\/p>\n<\/td>\n

\n\n\n\n\n\n\n<\/tr>\n
Asia<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n325.5%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n174.7%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n81.1%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n-21.6%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n-47.7%\n<\/p>\n<\/td>\n

\n\n\n\n\n\n\n<\/tr>\n
APAC<\/b><\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n54.2%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n38.8%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n23.9%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n-5.2%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n-20.1%\n<\/p>\n<\/td>\n

\n\n\n\n\n\n\n<\/tr>\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
EMEA<\/b><\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n97.4%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n12.2%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n52.2%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n-2.5%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n-29.7%\n<\/p>\n<\/td>\n

\n\n\n\n\n\n\n<\/tr>\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Israel<\/b><\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n-14.1%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n-18.5%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n18.6%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n-1.9%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n7.8%\n<\/p>\n<\/td>\n

\n\n\n\n\n\n\n<\/tr>\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Total Revenues<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n65.1%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n15.4%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n2.3%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n-13.2%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n-29.8%\n<\/p>\n<\/td>\n

\n\n\n\n\n\n\n<\/tr>\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
\n\n\n

Year-over-year % change in constant currency (*)<\/b><\/p>\n<\/td>\n

\n\n\n\n\n\n\n<\/tr>\n
\n\n\n

6\/30\/2021<\/b><\/p>\n<\/td>\n

\n\n

3\/31\/2021<\/b><\/p>\n<\/td>\n

\n\n

12\/31\/2020<\/b><\/p>\n<\/td>\n

\n\n

9\/30\/2020<\/b><\/p>\n<\/td>\n

\n\n

6\/30\/2020<\/b><\/p>\n<\/td>\n

\n\n\n\n\n\n\n<\/tr>\n
\n\n\n

(Unaudited)<\/b><\/p>\n<\/td>\n

\n\n\n\n\n\n\n<\/tr>\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
USA<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n86.6%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n17.9%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n-17.1%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n-19.6%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n-35.4%\n<\/p>\n<\/td>\n

\n\n\n\n\n\n\n<\/tr>\n
Canada<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n35.1%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n-9.6%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n-2.4%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n-11.7%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n-36.0%\n<\/p>\n<\/td>\n

\n\n\n\n\n\n\n<\/tr>\n
Latin America<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n460.5%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n69.8%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n88.7%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n-91.3%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n-90.2%\n<\/p>\n<\/td>\n

\n\n\n\n\n\n\n<\/tr>\n
America’s<\/b><\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n74.2%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n11.8%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n-12.7%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n-18.8%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n-36.4%\n<\/p>\n<\/td>\n

\n\n\n\n\n\n\n<\/tr>\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Australia<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n14.6%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n2.8%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n7.9%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n-7.1%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n-11.5%\n<\/p>\n<\/td>\n

\n\n\n\n\n\n\n<\/tr>\n
Asia<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n312.8%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n169.5%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n80.7%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n-21.2%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n-45.9%\n<\/p>\n<\/td>\n

\n\n\n\n\n\n\n<\/tr>\n
APAC<\/b><\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n35.1%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n21.5%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n17.5%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n-8.7%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n-15.1%\n<\/p>\n<\/td>\n

\n\n\n\n\n\n\n<\/tr>\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
EMEA<\/b><\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n77.6%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n3.3%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n45.8%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n-5.9%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n-26.9%\n<\/p>\n<\/td>\n

\n\n\n\n\n\n\n<\/tr>\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Israel<\/b><\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n-20.5%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n-24.6%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n9.4%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n-4.5%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n4.5%\n<\/p>\n<\/td>\n

\n\n\n\n\n\n\n<\/tr>\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Total Revenues<\/td>\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n55.5%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n9.8%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n-0.4%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n-14.4%\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n-28.3%\n<\/p>\n<\/td>\n

\n\n\n\n\n\n\n<\/tr>\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n<\/table>\n\n\n
(*) Change in revenues at constant currency is calculated so that revenues can be viewed without the impact of fluctuations in foreign currency exchange rates, thereby facilitating period-to-period comparisons of business performance. Change in revenues adjusted for currency are calculated by translating current period activity in local currency using the comparable prior-year period\u2019s currency conversion rate. Exchange rates used, are the representative exchange rate published by the Bank of Israel for the relevant periods.<\/td>\n<\/tr>\n<\/table>\n

\n\u00a0\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210804005422\/en\/<\/a><\/span><\/p>\n

Investor Relations:
\n<\/b>
ICR, Inc. – Rodny Nacier
\n
CSTE@icrinc.com
\n<\/a>
+1 646 277-1237\n<\/p>\n

KEYWORDS:<\/b> United States North America Israel Middle East<\/p>\n

INDUSTRY KEYWORDS:<\/b> Interior Design Other Construction & Property Residential Building & Real Estate Commercial Building & Real Estate Construction & Property<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Caesarstone Reports Second Quarter 2021 Financial Results \u2013 Record Quarterly Revenue of $163.5 Million, Up 65.1% Over Prior Year \u2013 \u2013 Net Income Attributable to Controlling Interest of $1.7 Million, or $0.05 Per Share \u2013 \u2013 Adjusted Net Income of $7.2 Million, or $0.21 Per Share \u2013 \u2013 Adjusted EBITDA of $18.8 Million, Up 187.9% Over Prior Year \u2013 \u2013 Strong Net Cash Position(*) of $107.8 Million at Quarter End \u2013 \u2013 Reiterates Outlook for 2021 Revenue and Adjusted EBITDA Growth \u2013 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. \u201cI am very pleased with our ability to deliver … <\/p>\n

Continue reading “Caesarstone Reports Second Quarter 2021 Financial Results”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-522814","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCaesarstone Reports Second Quarter 2021 Financial Results - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/caesarstone-reports-second-quarter-2021-financial-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Caesarstone Reports Second Quarter 2021 Financial Results - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Caesarstone Reports Second Quarter 2021 Financial Results \u2013 Record Quarterly Revenue of $163.5 Million, Up 65.1% Over Prior Year \u2013 \u2013 Net Income Attributable to Controlling Interest of $1.7 Million, or $0.05 Per Share \u2013 \u2013 Adjusted Net Income of $7.2 Million, or $0.21 Per Share \u2013 \u2013 Adjusted EBITDA of $18.8 Million, Up 187.9% Over Prior Year \u2013 \u2013 Strong Net Cash Position(*) of $107.8 Million at Quarter End \u2013 \u2013 Reiterates Outlook for 2021 Revenue and Adjusted EBITDA Growth \u2013 MP MENASHE, Israel–(BUSINESS WIRE)– Caesarstone Ltd. 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