Key Developments: Caesarstone Sdot-Yam Ltd (CSTE.O)
27.97USD
17 May 2013
$0.16 (+0.58%)
$27.81
$28.08
$28.35
$27.16
296,826
215,146
$28.38
$10.08
Latest Key Developments (Source: Significant Developments)
Caesarstone Sdot-Yam Ltd Reaffirms FY 2013 Guidance
Caesarstone Sdot-Yam Ltd reaffirmed fiscal 2013 guidance and expects revenues to be in a range of $330 million to $340 million and adjusted EBITDA in the range of $76 million to $80 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $334 million and EBITDA of $78 million for fiscal 2013. Full Article
Caesarstone Sdot-Yam Ltd Announces Pricing Of Ordinary Shares Offering By Selling Shareholders
Caesarstone Sdot-Yam Ltd announced the pricing at $23.25 per share of an underwritten public offering of 7,775,000 ordinary shares offered by its shareholders, Kibbutz Sdot-Yam and Tene Investment Fund. The selling shareholders have also granted the underwriters a 30-day option to purchase up to 1,166,250 additional ordinary shares. Caesarstone will not receive any proceeds from the offering. The offering is expected to close on April 17, 2013. J.P. Morgan Securities LLC, Barclays Capital Inc. and Credit Suisse Securities (USA) LLC acted as joint bookrunning managers for the offering, and Stifel, Nicolaus & Company, Incorporated and Robert W. Baird & Co. Incorporated acted as co-managers for the offering. Full Article
Caesarstone Sdot-Yam Ltd Announces Offering of Ordinary Shares by Selling Shareholders
Caesarstone Sdot-Yam Ltd announced that its shareholders, Kibbutz Sdot-Yam and Tene Investment Fund, are offering for sale 7,250,000 ordinary shares of the company in an underwritten public offering. Caesarstone will not receive any proceeds from the offering. J.P. Morgan Securities LLC, Barclays Capital Inc. and Credit Suisse Securities (USA) LLC are the joint bookrunning managers for the proposed offering, and Stifel, Nicolaus & Company, Incorporated and Robert W. Baird & Co. Incorporated are the co-managers for the proposed offering. Full Article
Caesarstone Sdot-Yam Ltd Issues FY 2013 Guidance; Revenue Guidance Above Analysts' Estimates
Caesarstone Sdot-Yam Ltd issued initial guidance for fiscal 2013. At present, it expects its revenues to be in a range of $330 million to $340 million and adjusted EBITDA in the range of $76 million to $80 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $326 million and EBITDA of $79 million for fiscal 2013. Full Article
Caesarstone Sdot-Yam Ltd Sees FY 2012 Revenue At Low End Of Prior Guidance; Reaffirms FY 2012 EBITDA Guidance
Caesarstone Sdot-Yam Ltd announced that for fiscal 2012, it expects revenues at the lower end of its prior guidance of $292 million to $302 million. The Company also maintains its adjusted EBITDA guidance of $67 million to $70 million. According to I/B/E/S Estimates, analysts were expecting the Company to report EBITDA of $68 million for fiscal 2012. Full Article
Caesarstone Sdot-Yam Ltd Reiterates FY 2012 Guidance
Caesarstone Sdot-Yam Ltd reiterated its prior fiscal 2012 guidance for sales and adjusted EBITDA. The Company continues to expect to report sales in the range of $292 million to $302 million and adjusted EBITDA in the range of $67 million to $70 million. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $294 million and EBITDA of $67 million for fiscal 2012. Full Article
Caesarstone Sdot-Yam Ltd Issues FY 2012 Guidance In Line With Analysts' Estimates
Caesarstone Sdot-Yam Ltd issued its initial fiscal 2012 guidance for sales and adjusted EBITDA. The Company expects to report sales in the range of $292 million to $302 million and to report adjusted EBITDA in the range of $67 million to $70 million. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $297 million and EBITDA of $68 million for fiscal 2012. Full Article
Caesarstone Sdot-Yam Ltd Announces Pricing of Initial Public Offering
Caesarstone Sdot-Yam Ltd announced the pricing of its initial public offering of ordinary shares at a price of $11.00 per share. The Company is offering 6,660,000 ordinary shares. The underwriters have been granted a 30-day over-allotment option to purchase up to 999,000 additional shares from the Company to cover over-allotments, if any. The Company’s ordinary shares are expected to start trading on the Nasdaq Global Select Market on March 22, 2012 under the symbol “CSTE”. The closing of the offering is scheduled to take place on March 27, 2012. J.P. Morgan Securities LLC, Barclays Capital Inc. and Credit Suisse Securities (USA) LLC are the joint bookrunning managers for the offering, and Robert W. Baird & Co. Incorporated and Stifel, Nicolaus & Company, Incorporated are the co-managers for the offering. Full Article
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