Caesarstone reports q1 adjusted earnings per share $0.13

Caesarstone reports first quarter 2020 financial results.q1 adjusted earnings per share $0.13.q1 earnings per share $0.08.q1 revenue $126.6 million versus $128.2 million.withdraws full year 2020 outlook due to covid-19 related demand uncertainty.cash position of $131.9 million as of march 31 with zero financial debt.significantly limiting capital expenditures and delaying majority of investments related to co's global growth acceleration plan.furloughing a portion of salaried employees and freezing hiring.reducing salaries of senior management and board members by 15-20% through year end, including a 20% reduction for company's ceo.does not intend to pay a dividend for q1 of 2020, based on its reported net income for period.began to experience significant softening of demand for products as a result of covid during month of april.
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