Caesarstone Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 143.68 million compared to USD 180.27 million a year ago. Net loss was USD 52.47 million compared to net income of USD 11.15 million a year ago. Basic loss per share from continuing operations was USD 1.52 compared to basic earnings per share from continuing operations of USD 0.32 a year ago. Diluted loss per share from continuing operations was USD 1.52 compared to diluted earnings per share from continuing operations of USD 0.32 a year ago.
For the six months, sales was USD 294.31 million compared to USD 350.71 million a year ago. Net loss was USD 56.25 million compared to net income of USD 17.38 million a year ago. Basic loss per share from continuing operations was USD 1.64 compared to basic earnings per share from continuing operations of USD 0.5 a year ago. Diluted loss per share from continuing operations was USD 1.64 compared to diluted earnings per share from continuing operations of USD 0.5 a year ago.