Caesarstone: Strategic Plan on Track
MP MENACHE, Israel – Caesarstone Ltd. ended 2025 with a loss, but the surfaces company says it’s poised to start making gains.
The company’s $397.2 million in worldwide revenue last year fell 10.4% short of 2024 totals, but fourth-quarter indicates better news in some markets – including one surprising continent.
In a statement from Caesarstone, CEO Yos Shiran said the firm moved ahead with a multi-year strategic plan, including the closing of all company-owned quartz-surface production plants and spinning off production to third-party companies.
“In 2025, we continued to reshape our business model and positioned Caesarstone for sustainable, profitable growth,” Shiran said. “This transformation represents a significant structural improvement that strengthens our competitive position and provides a foundation for long-term value creation.”
Nahum Trost, Caesarstone CFO, noted that the December 2025 closure of its last factory in Israel, along with other measures, is expected to show more than $25 million in annual savings. The company should realize $100 million in savings since 2023, he added.
The internal savings push help balance out Caesarstone’s revenue losses. Company revenues worldwide of $94.4 million in last year’s fourth quarter smoothed out the loss curve, coming in only 3.5% behind fourth-quarter 2024.
U.S. revenues of $41.4 million in 4Q 2025 still showed a year-over-year double-digit loss of 10.6%, but that’s better than the 14.9% drop in annual revenue with 2025’s year-end total of $186.8 million. Canada’s 4Q 2025 revenue of $10.9 million showed a 22.3% decline from the same time in 2024.
The rest of the world, though, brought good news for Caesarstone in last year’s fourth quarter. All other sectors showed gains from 4Q 2024, including a 2.1% rise in Europe/Middle East / Africa and nearly 32% in its home country of Israel.
The big surprise came with a 9.8% year-over-year fourth-quarter revenue increase in Australia – the first market where crystalline-silica surfaces are essentially banned. The company’s sales there came from its alternative surfaces, including porcelain.
Legal actions over workplace safety and crystalline-silica exposure are still a major concern; Caesarstone noted its involvement in lawsuits involving 618 individuals worldwide, including 427 in the United States.
The company set $47.2 million at year’s end for what it called its “best estimate of probable and reasonably estimable losses associated with pending claims.”
Caesarstone also noted in the year-end statement it “continues to make progress in its efforts to monetize its previously closed Richmond Hill, Ga., facility.” However, Shiran told the U.S. International Trade Commission (USITC) during its safeguard-petition hearing last week that’s it not an easy sell in the U.S. market and the current climate of chrystalline-silica lawsuits.
“We have invested $150 million,” he said. “We now are offering it … even $50 million would be okay for us. And there are no buyers from the industry, and the reason that they don’t buy is not because of (increased) imports.
“It’s a great factory. It’s because of the threat of litigation.”