CSTE - Caesarstone Non-GAAP EPS of $0.20 misses by $0.03 revenue of $180.3M misses by $0.65M
- Caesarstone press release ( NASDAQ: CSTE ): Q2 Non-GAAP EPS of $0.20 misses by $0.03 .
- Revenue of $180.3M (+10.3% Y/Y) misses by $0.65M .
- The company reiterates its expectation for FY2022 revenue to be in the range of $710M to $725M vs. consensus of $719.57M, implying approximately 11% growth over 2021 at the midpoint, driven by volume and price improvements in its markets. Additionally, the company reaffirms its expectation for Adjusted EBITDA as a percentage of sales to be similar compared to 2021, primarily attributable to higher sales and selling prices that are anticipated to offset increased costs in connection with raw material inputs, particularly polyester, and shipping.
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Caesarstone Non-GAAP EPS of $0.20 misses by $0.03, revenue of $180.3M misses by $0.65M