Strategic Transformation and Cost Savings
Caesarstone is advancing its business model transformation by outsourcing production, which is expected to generate annualized cash savings of approximately $22 million, contributing to total savings of over $85 million since 2023.
Porcelain Business Growth
Caesarstone signed a share purchase agreement to acquire the remaining shares of Lioli, bringing ownership to 100%, which strengthens its position in the expanding porcelain category.
Positive Regional Performance in Australia and EMEA
Australia sales increased by 8.5% on a constant currency basis, marking the first year-over-year growth since the silica ban. EMEA sales were up 12.4%, driven by growth in both indirect and direct channels, particularly in Germany.
Stabilizing Revenue Trends
Revenue levels have stabilized in recent quarters, providing a positive outlook despite the current economic headwinds.