Caesarstone Reaffirms Outlook To Deliver Positive Adjusted EBITDA And Operating Cash Flow In 2024
Portfolio Pulse from Benzinga Newsdesk
Caesarstone has reaffirmed its financial outlook for 2024, expecting to achieve positive adjusted EBITDA and positive operating cash flow. The company also expects to realize significant restructuring-related cost savings of $20 million in 2024 and $30 million thereafter, compared to 2023.
May 08, 2024 | 11:28 am
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Caesarstone reaffirms its 2024 financial outlook, expecting positive adjusted EBITDA and operating cash flow, alongside significant cost savings.
Reaffirming a positive financial outlook, especially regarding profitability and cash flow, is generally seen as a positive signal to investors. The expected cost savings from restructuring could further improve the company's financial health and efficiency, making the stock more attractive in the short term.
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