CaesarStone: Fourth Quarter Financial Overview

CaesarStone Sdot-Yam Ltd. Reports Fourth Quarter Financial Results

Based in Mp Menashe, Israel, CaesarStone Sdot-Yam Ltd. announced on Wednesday that it recorded a net loss of $87.9 million for the fourth quarter.

The company reported a quarterly loss of $2.55 per share. After excluding asset impairment and other one-time expenses, the adjusted loss stood at 48 cents per share.

During the same period, the manufacturer of quartz surface slabs generated $94.4 million in revenue.

For the full year, CaesarStone Sdot-Yam Ltd. reported a total loss of $137.5 million, or $3.98 per share, with annual revenue reaching $397.2 million.