Caesarstone Reports Third Quarter 2026 Financial Results
Business Wire•11/11/2026•07:00 ET
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Key Highlights
- ➤California jury verdict exposed Caesarstone to approximately $46.8 million in apportioned damages
- ➤Q3 net loss $56.1 million versus $18.1 million year-earlier
- ➤Q3 gross margin 25.4%, up from 17.3% year-over-year
- ➤Q3 adjusted EBITDA loss narrowed to $0.1 million from $7.9 million
- ➤Annualized U.S. tariff impact estimated at $10.0 million to $15.0 million
Expert Statements
Yos Shiran, Chief Executive Officer of Caesarstone
“Our underlying business performed well as we continued to execute our strategic plan. Gross margin improved year-over-year for the third consecutive quarter, reaching 25.4%. We also delivered near breakeven Adjusted EBITDA reflecting the benefits of our optimized production network and the cost savings from our restructuring plan. While the U.S. market remains soft, we saw stabilization in Canada and continued growth in Australia as we rebuild our position in that important market. Separately, we strongly disagree with the recent jury verdict in California and will consider our available post-trial remedies as we evaluate its impact on our business.”
- Net loss of $56.1 million reflecting $46.8 Million Related to California Jury Verdict -
- Adjusted Net loss of $1.6 million and Delivers Near Breakeven Adjusted EBITDA -
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