Investor Presentation 2023
ADJUSTED GROSS MARGIN RECONCILIATION
USD (0,000)
Gross profit
Non-recurring import related (income) expenses
Share based compensation expense (1)
Amortization of assets related to acquisitions
Other Non-recurring expenses (2)
ADJUSTED GROSS PROFIT
% OF SALE
2012A
2013A
2014A
2015A
2016A
2017 A
2018A
2019A
2020A
2021A
2022A
$127,395 $162,118 $189,651 $200,225 $212,486 $197,223 $163,414 $148,639 $133,942 $171,498 $163,245
2,104
(1,501)
185
149
75
121
452
285
163
285
416
321
315
$127,580 $162,267 $189,726
1,661
852
306
529
237
$200,346 $212,938 $197,508 $165,681 $149,084 $134,887 $172,671 $164,103
43.0%
45.5%
42.4%
40.1%
39.5%
33.6%
28.8%
27.3%
27.7%
26.8%
23.8%
(1) Share based compensation includes expenses related to stock options and restricted stock units granted to employees of the Company.
(2) Includes one time expenses, including inventory write down due to discontinuation of certain product group manufacturing and one time amortization of machinery equipment with no future alternative use.
Investor Presentation 2023
caesarstone
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