CSTE - Caesarstone Non-GAAP EPS of -$0.02 misses by $0.04 revenue of $159.4M misses by $6.32M

• Caesarstone press release ( NASDAQ: CSTE ): Q4 Non-GAAP EPS of -$0.02 misses by $0.04 .
• Revenue of $159.4M (-6.8% Y/Y) misses by $6.32M .

• Given the challenging macroeconomic environment and limited ability to forecast the duration of government-induced actions that have slowed the pace of construction activity in many countries, at this time the Company anticipates revenues for 2023 will be within range of 2022 revenues. This will be largely achieved through enacted price actions roughly offsetting an expected decline in volume and the unfavorable impact of foreign currency exchange rate fluctuations. Additionally, the Company expects moderate and gradual improvement in Adjusted EBITDA as a percentage of sales for the full year 2023, primarily attributable to pricing initiatives, cost optimization efforts and other actions, which are expected to more than offset higher raw material and shipping costs in inventory entering into 2023.

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