Caesarstone Full Year 2022 Earnings: US$1.65 loss per share (vs US$0.51 profit in FY 2021)
Caesarstone (NASDAQ:CSTE) Full Year 2022 Results
Key Financial Results
Revenue: US$690.8m (up 7.3% from FY 2021).
Net loss: US$57.1m (down by 425% from US$17.6m profit in FY 2021).
US$1.65 loss per share (down from US$0.51 profit in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Caesarstone Earnings Insights
Looking ahead, revenue is forecast to grow 1.6% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the Building industry in the US.
Performance of the American Building industry.
The company's shares are down 21% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Caesarstone's balance sheet.
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