Caesarstone (NASDAQ: CSTE) reported Q1 EPS of $0.42, $0.33 better than the analyst estimate of $0.09. Revenue for the quarter came in at $146 million versus the consensus estimate of $133 million.

Outlook:

The Company reiterates its expectation for 2021 revenue and Adjusted EBITDA to be higher year-over-year. The company anticipates revenue to grow faster than EBITDA in 2021 mainly due to higher shipping and raw material costs, coupled with a return to more normalized levels of sales and marketing expenses and other investments to support the Company’s growth initiatives. The Company’s outlook includes the investment costs associated with its Global Growth Acceleration Plan. The Company’s outlook also assumes that both pandemic related business restrictions will fade and that the supply environment will improve as the year progresses.

For earnings history and earnings-related data on Caesarstone (CSTE) click here.