Caesarstone Ltd. (NASDAQ:CSTE) Q1 2024 Earnings Call Transcript

Yosef Shiran: So, the majority of the inventory was sold and digested through Q1, and it is also reflected in the gross margin as we discussed in the earning. But — and to a lesser extent, in Q2. So basically, most of it is done in Q1. Let’s say that after Q2, we will not see the negative impact of the old inventory of Richmont Hill.

Unidentified Analyst: Thank you.

Nahum Trost: Thank you.

Yosef Shiran: Thank you.

Operator: And at this time, this concludes our question-and-answer session. I would now like to turn the conference back over to Yosef Shiran for any closing remarks.

Yosef Shiran: Yeah. Thank you. And thank you all for your attention this morning, and we look forward to updating you on our progress next quarter. Bye. Thank you.

Operator: The conference has now concluded. Thank you for attending today’s presentation, and you may now disconnect.