Ultime notizie per Caesarstone (NASDAQ:CSTE) Azioni

Caesarstone

Caesarstone Ltd manufactures engineered quartz surfaces. Its products include engineered quartz and porcelain slabs, which are used as kitchen countertops in renovation and remodeling, and residential construction. It also has other applications, including vanity tops, wall panels, backsplashes, floor tiles, stairs, and other interior surfaces that are used in various residential and non-residential applications. The company sells its products under the Caesarstone brand. Caesarstone's geographical segments are the United States, Canada, Latin America, Australia, Asia, Israel, and EMEA(Europe, Middle East, Africa).

Caesarstone Ltd

Benchmark analyst Reuben Garner maintains Caesarstone (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSTE#NASDAQ">CSTE</a>) with a Buy and lowers the price target from $8 to $6.

News

Price Target

Analyst Ratings

CSTE

Benchmark Maintains Buy on Caesarstone, Lowers Price Target to $6

Outlook
The Company reaffirms its expectation to deliver positive operating cash flow for the full year 2024, primarily weighted towards the first half of the year. The Company now expects full year adjusted EBITDA to be a loss in the mid-single-digit million-dollar range, mainly due to increased shipping and material costs in the second half of 2024. The Company also reiterates its expectation to realize restructuring-related cost savings of approximately&nbsp;$20.0 million&nbsp;in full year 2024 and&nbsp;$30.0 million&nbsp;thereafter compared to full year 2023.

Earnings

Guidance

Caesarstone Reaffirms 2024 Outlook: Expects Positive Operating Cash Flow And Adjusted EBITDA Loss In Mid-Single-Digit Millions

Caesarstone (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSTE#NASDAQ">CSTE</a>) reported quarterly losses of $(0.14) per share which met the analyst consensus estimate. This is a 79.71 percent increase over losses of $(0.69) per share from the same period last year. The company reported quarterly sales of $119.432 million which missed the analyst consensus estimate of $124.823 million by 4.32 percent. This is a 16.88 percent decrease over sales of $143.679 million the same period last year.

Earnings Misses

Caesarstone Q2 2024 Adj. EPS $(0.14), Inline, Sales $119.432M Miss $124.823M Estimate

Outlook
The Company reaffirms its expectation to deliver positive adjusted EBITDA for full year 2024 along with another full year of positive operating cash flow. The Company also reiterates its expectation to realize restructuring-related cost savings of approximately&nbsp;$20.0 million&nbsp;in full year 2024 and&nbsp;$30.0 million&nbsp;thereafter compared to full year 2023.

Caesarstone Reaffirms Outlook To Deliver Positive Adjusted EBITDA And Operating Cash Flow In 2024

Caesarstone (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSTE#NASDAQ">CSTE</a>) reported quarterly losses of $(0.13) per share which beat the analyst consensus estimate of $(0.16) by 18.75 percent. This is a 23.53 percent increase over losses of $(0.17) per share from the same period last year. The company reported quarterly sales of $118.292 million which missed the analyst consensus estimate of $126.703 million by 6.64 percent. This is a 21.47 percent decrease over sales of $150.633 million the same period last year.

Earnings Beats

Caesarstone Q1 2024 Adj EPS $(0.13) Beats $(0.16) Estimate, Sales $118.292M Miss $126.703M Estimate

<h3>Gainers</h3>
<ul>
<li>Simpple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPPL#NASDAQ">SPPL</a>) shares increased by 8.5% to $0.68 during Monday's after-market session. The market value of their outstanding shares is at $11.0 million. </li>
<li>Amprius Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMPX#NYSE">AMPX</a>) shares increased by 6.11% to $1.89. The market value of their outstanding shares is at $173.0 million. </li>
<li>Knightscope (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KSCP#NASDAQ">KSCP</a>) shares moved upwards by 5.98% to $0.54. The market value of their outstanding shares is at $55.2 million. </li>
<li>Safe &amp; Green Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGBX#NASDAQ">SGBX</a>) stock rose 5.33% to $0.17. The company's market cap stands at $3.1 million. </li>
<li>Caesarstone (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSTE#NASDAQ">CSTE</a>) shares rose 5.11% to $5.96. The market value of their outstanding shares is at $205.8 million. </li>
<li>Safe Bulkers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SB#NYSE">SB</a>) stock moved upwards by 5.01% to $4.97. The market value of their outstanding shares is at $554.4 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Skillsoft (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKIL#NYSE">SKIL</a>) shares declined by 13.1% to $8.0 during Monday's after-market session. The company's market cap stands at $65.7 million. As per the press release, Q4 earnings came out today. </li>
<li>Momentus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNTS#NASDAQ">MNTS</a>) shares fell 5.06% to $0.35. The market value of their outstanding shares is at $4.6 million. </li>
<li>TPI Composites (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPIC#NASDAQ">TPIC</a>) shares declined by 4.89% to $2.53. The market value of their outstanding shares is at $119.5 million. </li>
<li>Surf Air Mobility (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRFM#NYSE">SRFM</a>) shares fell 4.72% to $0.49. The market value of their outstanding shares is at $39.6 million. </li>
<li>Complete Solaria (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSLR#NASDAQ">CSLR</a>) shares fell 3.7% to $0.25. The company's market cap stands at $12.2 million. </li>
<li>Staffing 360 Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STAF#NASDAQ">STAF</a>) stock declined by 2.42% to $0.28. The company's market cap stands at $2.2 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Industrials Stocks Moving In Monday's After-Market Session

<h3>Gainers</h3>
<ul>
<li>Globavend Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GVH#NASDAQ">GVH</a>) shares increased by 16.6% to $1.69 during Thursday's regular session. The company's market cap stands at $25.3 million. </li>
<li>NeoVolta (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEOV#NASDAQ">NEOV</a>) shares rose 14.36% to $2.15. The company's market cap stands at $71.4 million. </li>
<li>Velo3D (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLD#NYSE">VLD</a>) stock moved upwards by 14.01% to $0.32. The market value of their outstanding shares is at $84.7 million. </li>
<li>Earlyworks Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELWS#NASDAQ">ELWS</a>) shares moved upwards by 10.43% to $0.74. The market value of their outstanding shares is at $11.1 million. </li>
<li>American Rebel Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AREB#NASDAQ">AREB</a>) stock moved upwards by 8.36% to $0.36. The company's market cap stands at $2.1 million. </li>
<li>Flux Power Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLUX#NASDAQ">FLUX</a>) stock rose 8.01% to $4.85. The market value of their outstanding shares is at $80.1 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Laser Photonics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LASE#NASDAQ">LASE</a>) stock fell 14.6% to $2.14 during Thursday's regular session. The company's market cap stands at $17.7 million. </li>
<li>Nikola (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NKLA#NASDAQ">NKLA</a>) stock decreased by 13.53% to $0.85. The market value of their outstanding shares is at $1.1 billion. </li>
<li>Tritium DCFC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DCFC#NASDAQ">DCFC</a>) stock decreased by 12.12% to $6.11. The market value of their outstanding shares is at $6.5 million. </li>
<li>Caesarstone (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSTE#NASDAQ">CSTE</a>) shares decreased by 12.04% to $5.41. The market value of their outstanding shares is at $186.8 million. </li>
<li>Solidion Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STI#NASDAQ">STI</a>) shares declined by 11.81% to $2.84. The market value of their outstanding shares is at $232.4 million. </li>
<li>Energy Focus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EFOI#NASDAQ">EFOI</a>) stock fell 9.38% to $1.45. The company's market cap stands at $6.8 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Industrials Stocks Moving In Thursday's Intraday Session

<h3>Gainers</h3>
<ul>
<li>Energy Focus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EFOI#NASDAQ">EFOI</a>) shares moved upwards by 21.9% to $1.95 during Thursday's pre-market session. The market value of their outstanding shares is at $9.2 million. </li>
<li>Xos (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XOS#NASDAQ">XOS</a>) stock increased by 12.27% to $9.63. The company's market cap stands at $74.6 million. </li>
<li>Babcock &amp; Wilcox (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BW#NYSE">BW</a>) shares moved upwards by 12.03% to $1.21. The market value of their outstanding shares is at $108.2 million. </li>
<li>CEA Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEAD#NASDAQ">CEAD</a>) stock increased by 10.89% to $0.57. The market value of their outstanding shares is at $4.6 million. </li>
<li>VirTra (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VTSI#NASDAQ">VTSI</a>) stock rose 6.62% to $14.1. The market value of their outstanding shares is at $156.6 million. </li>
<li>ShiftPixy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PIXY#NASDAQ">PIXY</a>) stock moved upwards by 6.22% to $2.56. The market value of their outstanding shares is at $15.3 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Caesarstone (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSTE#NASDAQ">CSTE</a>) stock fell 10.6% to $5.5 during Thursday's pre-market session. The market value of their outstanding shares is at $189.9 million. </li>
<li>NeoVolta (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEOV#NASDAQ">NEOV</a>) shares fell 8.52% to $1.72. The market value of their outstanding shares is at $57.1 million. </li>
<li>Simpple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPPL#NASDAQ">SPPL</a>) shares decreased by 5.82% to $0.71. The market value of their outstanding shares is at $11.5 million. </li>
<li>Fastenal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) shares decreased by 5.01% to $71.0. The market value of their outstanding shares is at $40.6 billion. As per the press release, Q1 earnings came out today. </li>
<li>Momentus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNTS#NASDAQ">MNTS</a>) stock fell 4.52% to $0.41. The company's market cap stands at $5.3 million. </li>
<li>Shengfeng Development (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFWL#NASDAQ">SFWL</a>) stock declined by 4.42% to $1.73. The market value of their outstanding shares is at $142.7 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CEA INDUSTRIES INC by CEA Industries Inc.

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12 Industrials Stocks Moving In Thursday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>Laser Photonics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LASE#NASDAQ">LASE</a>) shares rose 97.9% to $2.83 during Tuesday's regular session. The company's market cap stands at $23.3 million. </li>
<li>Gaucho Group Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VINO#NASDAQ">VINO</a>) stock rose 19.8% to $0.56. The market value of their outstanding shares is at $4.1 million. </li>
<li>JanOne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JAN#NASDAQ">JAN</a>) stock rose 16.4% to $2.93. The market value of their outstanding shares is at $14.5 million. </li>
<li>Shengfeng Development (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFWL#NASDAQ">SFWL</a>) stock moved upwards by 15.68% to $1.77. The company's market cap stands at $146.0 million. </li>
<li>Caesarstone (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSTE#NASDAQ">CSTE</a>) shares increased by 12.67% to $5.6. The company's market cap stands at $193.4 million. </li>
<li>Palladyne AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDYN#NASDAQ">PDYN</a>) stock rose 11.77% to $2.94. The market value of their outstanding shares is at $76.0 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Swvl Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWVL#NASDAQ">SWVL</a>) stock declined by 13.4% to $14.5 during Tuesday's regular session. The company's market cap stands at $98.4 million. </li>
<li>Freight Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRGT#NASDAQ">FRGT</a>) stock decreased by 12.08% to $1.02. The market value of their outstanding shares is at $2.4 million. </li>
<li>Team (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TISI#NYSE">TISI</a>) stock fell 9.41% to $7.32. The market value of their outstanding shares is at $32.3 million. </li>
<li>C3is (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CISS#NASDAQ">CISS</a>) shares declined by 9.28% to $0.04. The market value of their outstanding shares is at $6.4 million. </li>
<li>Redwire (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDW#NYSE">RDW</a>) shares fell 7.71% to $4.07. The company's market cap stands at $266.9 million. </li>
<li>Richtech Robotics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RR#NASDAQ">RR</a>) shares fell 7.58% to $1.83. The market value of their outstanding shares is at $121.2 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Industrials Stocks Moving In Tuesday's Intraday Session

&quot;As we enter 2024, we believe our business is seeing signs of stabilization. The U.S. macro environment appears more encouraging with potential Fed rate cuts on the horizon to catalyze construction activity. In Australia, we are determined to maintain our leading position as we introduce our high-quality alternative products in the first half of 2024. Based on these factors, we expect&nbsp;first quarter&nbsp;revenues to trend in line with the&nbsp;fourth quarter&nbsp;and improve sequentially in accordance with our historic seasonal cadence. While macro uncertainties and the competitive landscape persist, our strategic restructuring actions initiated over the past year have put us on more solid footing with leaner operations to deliver positive adjusted EBITDA in 2024. We also expect to produce another full year of positive operating cash flow. We believe that we are poised to take hold of the promising opportunities that lie ahead,&quot; concluded Nahum Trost, Caesarstone&#39;s Chief Financial Officer.

Caesarstone Expects To Deliver Positive Adjusted EBITDA In 2024

Caesarstone (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSTE#NASDAQ">CSTE</a>) reported quarterly losses of $(0.28) per share which missed the analyst consensus estimate of $(0.17) by 64.71 percent. This is a 1300 percent decrease over losses of $(0.02) per share from the same period last year. The company reported quarterly sales of $128.53 million which beat the analyst consensus estimate of $125.07 million by 2.76 percent. This is a 19.35 percent decrease over sales of $159.37 million the same period last year.

Caesarstone Q4 Adj. EPS $(0.28) Misses $(0.17) Estimate, Sales $128.53M Beat $125.07M Estimate

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Earnings Scheduled For February 21, 2024

Stifel analyst John Baugh maintains Caesarstone (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSTE#NASDAQ">CSTE</a>) with a Hold and lowers the price target from $5.5 to $5.

Stifel Maintains Hold on Caesarstone, Lowers Price Target to $5

<h3>Gainers</h3>
<ul>
<li>Royalty Management Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RMCO#NASDAQ">RMCO</a>) shares moved upwards by 11.6% to $2.8 during Friday's after-market session. The company's market cap stands at $39.9 million. </li>
<li>ClearSign Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLIR#NASDAQ">CLIR</a>) stock increased by 9.24% to $1.3. The company's market cap stands at $50.1 million. </li>
<li>Vertical Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVTL#NYSE">EVTL</a>) stock increased by 6.45% to $0.79. The market value of their outstanding shares is at $174.7 million. </li>
<li>Hyliion Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HYLN#NYSE">HYLN</a>) shares increased by 5.88% to $0.69. The market value of their outstanding shares is at $126.6 million. </li>
<li>Intuitive Machines (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNR#NASDAQ">LUNR</a>) shares increased by 5.71% to $2.96. The company's market cap stands at $62.2 million. </li>
<li>Nxu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXU#NASDAQ">NXU</a>) stock increased by 5.7% to $0.02. The company's market cap stands at $5.5 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>iSun (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISUN#NASDAQ">ISUN</a>) shares fell 6.8% to $0.22 during Friday's after-market session. The company's market cap stands at $9.6 million. </li>
<li>Tritium DCFC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DCFC#NASDAQ">DCFC</a>) shares fell 5.0% to $0.2. The market value of their outstanding shares is at $33.7 million. </li>
<li>Caesarstone (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSTE#NASDAQ">CSTE</a>) shares declined by 4.83% to $3.75. The company's market cap stands at $129.4 million. </li>
<li>Sarcos Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRC#NASDAQ">STRC</a>) stock fell 3.5% to $0.7. The market value of their outstanding shares is at $18.2 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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10 Industrials Stocks Moving In Friday's After-Market Session

<h3>Gainers</h3>
<ul>
<li>Getaround (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GETR#NYSE">GETR</a>) shares moved upwards by 61.3% to $0.27 during Thursday's after-market session. The market value of their outstanding shares is at $24.7 million. As per the news, the Q3 earnings report came out today. </li>
<li>Markforged Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MKFG#NYSE">MKFG</a>) stock moved upwards by 5.17% to $0.71. The company's market cap stands at $141.6 million. </li>
<li>Caesarstone (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSTE#NASDAQ">CSTE</a>) stock moved upwards by 4.99% to $3.78. The market value of their outstanding shares is at $130.5 million. </li>
<li>Mesa Air Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MESA#NASDAQ">MESA</a>) shares rose 4.89% to $1.07. The market value of their outstanding shares is at $43.6 million. As per the news, the Q4 earnings report came out today. </li>
<li>Knightscope (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KSCP#NASDAQ">KSCP</a>) shares moved upwards by 4.83% to $0.65. The company's market cap stands at $55.0 million. </li>
<li>Hydrofarm Holdings Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYFM#NASDAQ">HYFM</a>) shares moved upwards by 3.54% to $0.9. The company's market cap stands at $41.3 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Eos Energy Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EOSE#NASDAQ">EOSE</a>) stock declined by 21.3% to $1.33 during Thursday's after-market session. The market value of their outstanding shares is at $210.2 million. </li>
<li>Fusion Fuel Green (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTOO#NASDAQ">HTOO</a>) shares declined by 5.56% to $1.02. The company's market cap stands at $17.3 million. </li>
<li>Greenwave Tech Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GWAV#NASDAQ">GWAV</a>) shares declined by 5.0% to $0.44. The company's market cap stands at $7.2 million. </li>
<li>Ocean Power Techs (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/OPTT#AMEX">OPTT</a>) stock decreased by 4.47% to $0.34. The market value of their outstanding shares is at $19.9 million. As per the press release, Q2 earnings came out yesterday. </li>
<li>Nxu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXU#NASDAQ">NXU</a>) shares declined by 3.0% to $0.02. The company's market cap stands at $5.9 million. </li>
<li>ESS Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWH#NYSE">GWH</a>) shares decreased by 2.96% to $1.27. The market value of their outstanding shares is at $219.9 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Industrials Stocks Moving In Thursday's After-Market Session

<h3>Gainers</h3>
<ul>
<li>View (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIEW#NASDAQ">VIEW</a>) shares moved upwards by 40.0% to $3.37 during Wednesday's regular session. The market value of their outstanding shares is at $13.7 million. </li>
<li>Eos Energy Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EOSE#NASDAQ">EOSE</a>) stock moved upwards by 19.65% to $1.34. The company's market cap stands at $211.8 million. </li>
<li>Mynaric (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYNA#NASDAQ">MYNA</a>) stock moved upwards by 19.29% to $5.73. The market value of their outstanding shares is at $142.8 million. </li>
<li>ABM Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABM#NYSE">ABM</a>) shares moved upwards by 14.3% to $50.71. The company's market cap stands at $3.3 billion. The company's, Q4 earnings came out today. </li>
<li>Westwater Resources (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/WWR#AMEX">WWR</a>) shares rose 11.0% to $0.69. The market value of their outstanding shares is at $37.7 million. </li>
<li>Complete Solaria (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSLR#NASDAQ">CSLR</a>) shares increased by 8.66% to $1.38. The company's market cap stands at $59.5 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Caesarstone (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSTE#NASDAQ">CSTE</a>) stock declined by 9.5% to $3.81 during Wednesday's regular session. The market value of their outstanding shares is at $131.5 million. </li>
<li>Recruiter.Com Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCRT#NASDAQ">RCRT</a>) shares fell 9.45% to $1.44. The market value of their outstanding shares is at $2.0 million. </li>
<li>Applied UV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUVIP#NASDAQ">AUVIP</a>) stock decreased by 9.45% to $2.11. </li>
<li>Momentus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNTS#NASDAQ">MNTS</a>) stock decreased by 8.88% to $1.95. The company's market cap stands at $12.7 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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10 Industrials Stocks Moving In Wednesday's Intraday Session

- As Part of its Strategic Plan that Includes Optimization of Production Sources, Announces Closure of Its Manufacturing Facility in Richmond Hill -
- Reports on a Decision by the Australian Governmental Bodies Regarding Engineered Stone -
Caesarstone Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSTE#NASDAQ">CSTE</a>), a leading developer and manufacturer of high-quality engineered surfaces, today provided an update on the closure of its manufacturing facility located in Richmond Hill, Georgia and an update on the Australian market.
Richmond Hill Update
Consistent with the Company's restructuring plan initiated in mid-2023, today the Company announced the closure of its Richmond Hill manufacturing facility, effective mid-January 2024. This decision is expected to contribute savings of approximately $20 million annually by optimizing its manufacturing footprint.
Yos Shiran, Chief Executive Officer of Caesarstone, commented, "Our manufacturing network has been undergoing restructuring since earlier this year with the focus of optimizing our global production footprint. This transition will allow us to better serve our customers' needs, streamline our operations and improve our overall competitiveness. This is part of the strategic plan we are implementing to focus on product innovation, investment in our brand, improve our go to market strategy and better position Caesarstone for long-term profitable growth in the years to come. I would like to thank the Richmond-Hill Community, Bryan County, the Georgia Government and all our valued employees and business partners there for their work and support over the years"
In connection with the facility closure, the Company expects to incur restructuring expenses and a one-time non-cash impairment charge totaling $45 million to $55 million during the fourth quarter of 2023. The Company estimates total cash costs will be in the amount of $3 million to $5 million related to operations, through 2024. Caesarstone expects annualized cash savings of approximately $20 million with the effect commencing during 2024, in addition to exploring opportunities to monetize the asset in the future.
The estimates of the impairment and expenditures that the Company expects to incur in connection with the closure, and the timing thereof, are subject to a number of assumptions and actual amounts may differ materially from estimates.
Australian Market Update
On December 13, 2023, Australian federal, state and territory governments announced a joint decision to ban the use, supply and manufacture of engineered stone slabs containing crystalline silica (including our quartz-based products) in Australia. Subject to the formal adoption of the legislation and regulations, the ban will go into effect on July 1, 2024 in most Australian states and territories.
The Company notes that the safety of Caesarstone's installed products to its end consumer was never an issue, and the products are safe to fabricate under safe working practices. While the Company disagrees with this decision, believes that the focus should be aimed at improving occupational health and safety, and has communicated its position to Australian governments, it is taking the necessary steps to ensure supply of alternative materials to its Australian customers in line with its high standards. This process is expected to negatively impact the Company's sales in the near-term in the Australian market, which accounted for approximately 18% of revenue in the nine months ended September 2023.
Yos Shiran, added "The Caesarstone brand is well known in Australia and its products have earned tremendous success over the years. We are already taking steps to supply our Australian market with alternative products while maintaining our strong market presence."

Management

Global

Caesarstone Provides Business Updates; As Part Of Its Strategic Plan That Includes Optimization Of Production Sources, Announces Closure Of Its Manufacturing Facility In Richmond Hill,  Expected To Contribute Savings Of Approximately $20M Annually

Dividends

Caesarstone Says Will Not Pay Dividend For Q3, Based On Its Reported Net Loss Attributable To Controlling Interest For The Period

Caesarstone Reaffrims Its Full Year Outlook To Generate Positive Cash Flow From Operations And End The Year With An Improved Net Cash Position

Caesarstone (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSTE#NASDAQ">CSTE</a>) reported quarterly adjusted losses of $(0.20) per share which missed the analyst consensus estimate of $(0.16) by 25 percent. This is a 2100 percent decrease over earnings of $0.01 per share from the same period last year. The company reported quarterly sales of $142.20 million which missed the analyst consensus estimate of $153.43 million by 7.32 percent. This is a 21.32 percent decrease over sales of $180.73 million the same period last year.

Caesarstone Q3 Adj. EPS $(0.20) Misses $(0.16) Estimate, Sales $142.20M Miss $153.43M Estimate

CaesarStone Sdot-yam (CSTE) has released an update. CaesarStone Sdot-yam reported a revenue of $118.3 million in the first quarter of 2024, a signi...

CaesarStone Q1 Report: Revenue Falls, Margins Improve

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Caesarstone (NASDAQ:<a href="https://investorplace.com/stock-quotes/cste-stock-quote/">CSTE</a>) just reported results for the first quarter of 2024.<ul><li>Caesarstone reported earnings per share of -13 cents. This was above the analyst estimate for EPS of -16 cents.</li><li>The company reported revenue of $118.29 million.</li><li>This was 6.64% worse than the analyst estimate for revenue of $126.70 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/05/cste-stock-earnings-caesarstone-for-q1-of-2024/">CSTE Stock Earnings: Caesarstone Beats EPS, Misses Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

CSTE Stock Earnings: Caesarstone Beats EPS, Misses Revenue for Q1 2024

Caesarstone Ltd. (CSTE) Q1 2024 Earnings Call Transcript

Caesarstone Non-GAAP EPS of $0.14, revenue of $119.4M

Caesarstone Ltd. (CSTE) Q2 2024 Earnings Call Transcript

Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on EnerSys (ENS – Research Report), Louisiana-P...

Analysts Conflicted on These Industrial Goods Names: EnerSys (ENS), Louisiana-Pacific (LPX) and CaesarStone Sdot-Yam (CSTE)

CaesarStone Sdot-Yam (CSTE) has released an update. CaesarStone Ltd. announces its Annual General Meeting scheduled for September 19, 2024, with ke...

CaesarStone Schedules 2024 Annual General Meeting

Caesarstone Ltd. 2024 Q2 - Results - Earnings Call Presentation

CaesarStone Sdot-Yam (CSTE) has released an update. Shareholders of Caesarstone Ltd., an Israeli company, convened for their annual general meeting...

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