Caesarstone Sdot-Yam Q4 Profit Up - Quick Facts

(RTTNews) - Caesarstone Sdot-Yam Ltd. (CSTE), a manufacturer of high quality engineered quartz surfaces, posted a rise in fourth-quarter net income attributable to controlling interest to $17.0 million, from $10.8 million last year. Quarterly earnings per share were $0.48, up compared with $0.31 a year before. On an adjusted basis, net income attributable to controlling interest amounted to $17.45 million, or $0.49 per share.

Revenues for the quarter rose 27.0% to $96.8 million from $76.2 million in the prior year. On a constant currency basis, fourth quarter revenue growth was 29.7% year-over-year. Growth in revenues was broad-based, but driven mainly by continued increases in the U.S., the company's largest region, which grew 59.2% year-over-year.

On average, 4 analysts polled by Thomson Reuters expected earnings per share of $0.40, on revenue of $87.58 million for the quarter. Analysts' estimates typically exclude one-time items.