Caesarstone(US:CSTE)2023-11-08 17:11Company Overview - Caesarstone is a leading designer and producer of premium multi-material engineered surfaces [62] - The company's revenue in fiscal year 2022 was approximately $691 million, representing a growth of 7.3% compared to 2021 (10.8% on a constant currency basis) [53] - The company has a global presence in over 50 countries [53] Market Analysis - The global countertop market is estimated at $160 billion in 2022, with engineered quartz accounting for 18% and porcelain for 2% of the market [8] - In the U S market, engineered quartz holds 21% of the countertop demand by volume ($ value $10 1 billion), while porcelain holds 3% ($ value $1 8 billion) [11] - The U S countertop market is projected to grow at a CAGR of 6 3% from 2022-2026 [12] Financial Performance (Q3 2023) - Revenue for Q3 2023 was $142 4 million, compared to $180 7 million in Q3 2022 [23] - Adjusted gross margin for Q3 2023 was $28 1 million, or 19 8%, compared to $41 8 million, or 23 1%, in Q3 2022 [23] - Adjusted EBITDA for Q3 2023 was $13 4 million, representing 1 3% margin [84, 85]