Caesarstone sees Q3 revenue decline and California legal costs
CSTE Caesarstone Ltd
$1.28 -5.88%
View chart & analysis → - 1Caesarstone Ltd. global revenue for Q3 was $96.3 million, a decrease of approximately 7.2% year-over-year.
- 2Caesarstone's gross margin for Q3 recorded 25%.
- 3Unadjusted, Caesarstone's legal costs of approximately $46.8 million arose after a California jury assigned 69% negligence in an injury lawsuit regarding silica particle exposure.
So what's the key point?
Caesarstone's Q3 revenue fell to $96.3 million. Large legal costs were incurred due to negligence findings in a California lawsuit.
Source The Motley Fool +1 · View original ↗
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