Business Context and Reporting Period
Caesarstone Sdot-Yam Ltd., a manufacturer of high-quality engineered quartz surfaces, filed this Form 6-K on May 8, 2012. The filing serves as a notification regarding a conference call held to discuss results for the first quarter ended March 31, 2012.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on share count clarifications and forward-looking statements.
Material Changes and Share Count Clarifications
In response to questions during the Q1 2012 conference call, management provided estimates for ordinary shares to be issued and outstanding:
- Second Quarter 2012: Approximately 30.9 million shares.
- Third Quarter 2012: Approximately 32.1 million shares.
- Fourth Quarter 2012: Approximately 32.7 million shares.
The Company clarified that these figures represent expected weighted average shares outstanding for the 6-month, 9-month, and 12-month periods associated with those respective quarters. Additionally, the Company expects approximately 34.4 million shares to be issued and outstanding on a diluted basis for each quarter.
Guidance, Risks, and Forward-Looking Statements
The filing includes a Safe Harbor Statement noting that information contains forward-looking statements regarding plans, objectives, and expectations, including the ability to defend against legal proceedings. Actual outcomes may differ due to risks and uncertainties, including those detailed in the "Risk Factors" section of the Company's final IPO prospectus filed on March 22, 2012. The Company undertakes no obligation to update these statements.
Investor Verification Checklist
- Verify the actual Q1 2012 financial results (revenue, earnings, cash flow) which were discussed in the conference call but not detailed in this filing.
- Confirm the final diluted share count for Q2 2012 against the estimated 34.4 million shares.
- Review the "Risk Factors" in the March 22, 2012 IPO prospectus for details on legal proceedings and other uncertainties.
- Monitor subsequent filings for updates on the weighted average share counts provided in this notification.