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CAESARSTONE LTD (CSTE) Q4 2020 Earnings Call Transcript


Operator
Greetings, and welcome to the Caesarstone Limited Fourth Quarter 2020 Earnings Conference Call. [Operator Instructions] A question-and-answer session will follow the formal presentation. [Operator Instructions]
It is now my pleasure to introduce your host, Brad Cray of Investor Relations. Thank you. You may begin.
Brad Cray
Vice President
Thank you, operator, and good morning to everyone. I am joined by Yuval Dagim, Caesarstone s Chief Executive Officer; and Ophir Yakovian, Caesarstone s Chief Financial Officer.
Certain statements in today s conference call and responses to various questions may constitute forward-looking statements. We caution you that such statements reflect only the Company s current expectations and that actual events or results may differ materially. For more information, please refer to the risk factors contained in the Company s most recent annual report on Form 20-F and subsequent filings with the SEC. ....

United States , Chandali Oppenheimer , Yuval Dagim , Lioli Ceramica , Ophir Yakovian , Brad Cray , Company Investor Relations , Caesarstone Limited Fourth Quarter , Chief Executive Officer , Chief Financial , Investor Relations , Global Growth Acceleration Plan , Omicron Granite , North American , North America , Reuben Garner , Asaf Barel Chandali , ஒன்றுபட்டது மாநிலங்களில் , சண்டலி ஆபெந்ஹைமர் , பிராட் நண்டு , நிறுவனம் முதலீட்டாளர் உறவுகள் , சீசர் வரையறுக்கப்பட்டவை நான்காவது காலாண்டு , தலைமை நிர்வாகி அதிகாரி , தலைமை நிதி , முதலீட்டாளர் உறவுகள் , உலகளாவிய வளர்ச்சி விரைவுபடுத்துதல் திட்டம் ,

Caesarstone buys Omicron to boost US distribution


Caesarstone buys Omicron to boost US distribution
Under the terms of the deal, the Israeli quartz countertop company acquired Omicron for an enterprise value of $27 million, including $6 million of net debt.
Israeli engineered quartz countertop company Caesarstone Ltd. (Nasdaq: CSTE) today announced that it has acquired Omicron Granite and Tile, a stone supplier operating in 17 locations in Florida, Ohio, Louisiana, Michigan and Alabama. Omicron expands Caesarstone’s distribution network in the US.
This is Caesarstone s second acquisition in the past six months having acquired Italian ceramics company Lioli for $12 million in August. At the end of the third quarter Caesarstone had $146 million in cash. ....

United States , Yuval Dagim , Yossi Massa , Caesarstone Ltd , Omicron Granite , Kibbutz Sdot Yam , ஒன்றுபட்டது மாநிலங்களில் , சீசர் லிமிடெட் , ஒமிக்ராந் கிரானைட் ,

Caesarstone Acquires Omicron


Caesarstone Acquires Omicron
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Caesarstone Ltd. (NASDAQ: CSTE), a leading developer and manufacturer of high-quality engineered surfaces, today announced it has acquired Omicron Granite and Tile (“Omicron”), a premier stone
supplier operating 17 locations across Florida, Ohio, Louisiana, Michigan and Alabama. Omicron enhances Caesarstone’s existing network with strategically located distribution centers throughout
advantageous U.S. markets.
Yuval Dagim, Chief Executive Officer commented, “We view accretive M&A as a valuable resource to accelerate our global growth. Omicron represents our second acquisition in the last several
months, and is directly aligned with our strategic pillar of global footprint expansion, to provide better service to our customers while improving our logistical efficiency. As we integrate ....

United States , Fort Myers , Panama City Beach , West Palm Beach , New Orleans , Pompano Beach , Omicron Granite , ஒன்றுபட்டது மாநிலங்களில் , கோட்டை மைஸ் , பனாமா நகரம் கடற்கரை , மேற்கு பனை கடற்கரை , புதியது ஆர்லீயந்ஸ் , பொம்பநோ கடற்கரை , ஒமிக்ராந் கிரானைட் ,