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    John Joseph McGlade • Stifel

    John Joseph McGlade is a Managing Director and Senior Equity Research Analyst at Stifel, specializing in the coverage of insurance, financial services, and asset management companies. He regularly analyzes and provides investment insights on firms such as Marsh & McLennan, Arthur J. Gallagher, Brown & Brown, and Aon, maintaining a strong track record for accurate stock recommendations and sector performance, with his success rate and average return metrics noted on platforms like TipRanks. McGlade joined Stifel in 2015, previously serving as a senior analyst at Sterne Agee and Macquarie, and has accrued over two decades of experience in equity research since beginning his career in the early 2000s. He holds FINRA registrations including the Series 7, 63, 86, and 87 licenses, and has received industry recognition for his insightful sector coverage and reliability among buy-side clients.

    John Joseph McGlade's questions to Caesarstone Ltd (CSTE) leadership

    John Joseph McGlade's questions to Caesarstone Ltd (CSTE) leadership • Q3 2024

    Question

    John Joseph McGlade of Stifel inquired about Caesarstone's macroeconomic outlook by region, the impact of high shipping costs on pricing, performance within the U.S. big box channel, and the status of asset sales at the Richmond Hill and Sdot-Yam facilities.

    Answer

    Yosef Shiran (executive) and Nahum Trost (executive) explained that while most markets face negative trends from economic downturns and competition, the company's restructuring is building agility. Trost noted Australia is also challenged by a product transition to zero crystalline silica, expected to complete by Q1 2025. Shiran stated that recent shipping cost headwinds are now subsiding, with benefits expected in Q1. Both executives confirmed that the U.S. big box channel shows more resilience than residential R&R. Trost also updated that the sale of undeveloped land at Richmond Hill is complete, while a buyer is still being sought for the developed portion, and the Sdot-Yam subleasing plan remains on schedule.

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