Caesarstone announces $96.3 million revenue as legal costs widen Q3 loss

Caesarstone (NASDAQ:CSTE) reported third-quarter 2026 revenue of US$96.3 million and a net loss of US$56.1 million, including US$46.8 million related to a California jury verdict.

Revenue declined from US$102.1 million a year earlier, while gross margin improved to 25.4% from 17.3%, marking the third consecutive quarter of year-over-year improvement.

"Our underlying business performed well as we continued to execute our strategic plan," said Caesarstone Chief Executive Officer Yos Shiran.

The company recorded an operating loss of US$56.9 million, compared with US$16.0 million a year earlier, primarily reflecting higher legal settlements and loss contingencies, while Adjusted EBITDA loss narrowed to US$0.1 million from US$7.9 million.

The California jury awarded approximately US$67.3 million in damages, with 69.1% of the fault apportioned to Caesarstone, representing approximately US$46.8 million before any modification; the company said it disagrees with the verdict and is considering post-trial remedies.

Following the announcement, Caesarstone's share-price reaction was not provided in the supplied financial results.

Caesarstone manufactures engineered surfaces used in residential and commercial applications, including kitchen countertops, bathroom surfaces and interior design projects.

The company reported US$50.7 million in cash and short-term bank deposits and no debt to financial institutions at September 30, while disclosing approximately 870 silica-related lawsuits and a US$105.5 million provision for probable and reasonably estimable legal losses.