Company overview

Caesarstone supplies the slabs that fabricators cut and finish into kitchen countertops, mainly for home renovations and new homes. It sells engineered stone, porcelain and natural stone, generally under the Caesarstone and Lioli brands. Most revenue comes from selling surfaces to fabricators and resellers in its direct markets and to distributors elsewhere. In some channels, customers can also buy a finished, installed countertop, with third-party contractors doing the fabrication and installation; services and accessories contribute less revenue than surfaces.

After closing its own engineered-stone factories, Caesarstone now relies on outside manufacturing partners for those products. Its porcelain comes from its Indian factory and manufacturing partners. Engineered-stone sourcing is concentrated in two partners identified as Supplier A and Supplier B. A sizable share of North American sales also comes through a small number of large retailers, making those relationships important to revenue.

The United States is its largest market, and demand in its main markets comes mostly from home renovation and remodeling rather than new construction. What Caesarstone can sell also depends on rules governing crystalline silica: most Australian states and territories ban engineered-stone slabs containing it, including the company’s quartz-based products. Caesarstone is supplying alternative materials there and faces lawsuits alleging injuries from silica exposure related to its products.