Caesarstone Sdot-Yam Q2 Profit Rises - Quick Facts

(RTTNews) - Caesarstone Sdot-Yam Ltd. (CSTE), a manufacturer of high quality engineered quartz surfaces, said its second-quarter GAAP net income attributable to controlling interest grew to $19.7 million, from $11.7 million a year ago. Three-month earnings per share were $0.56, higher than the prior-year quarter's $0.34.

For the recent quarter, adjusted net income attributable to controlling interest was $18.6 million, and adjusted earnings per share stood at $0.53. On average, 4 analysts polled by Thomson Reuters expected earnings per share of $0.41 for the quarter. Analysts' estimates typically exclude one-time items.

Revenues for the quarter increased 17.9% to $89.0 million, from $75.4 million last year, chiefly driven by continued increases in sales in the U.S. and Canada, up 33.6% and 35.3%, respectively, compared with the prior year. Analysts estimated revenues of $84.54 million for the quarter. On a constant currency basis, second-quarter revenue growth was 17.7%, compared with the same period last year.