CAPS
CapstoneDDocument history
Earnings documents stored for CAPS.
Investor releaseQuarter not tagged2026-08-17Capstone Invites Shareholder Questions for Investor FAQ on Second Quarter Results and Outlook
Business Wire
Capstone Invites Shareholder Questions for Investor FAQ on Second Quarter Results and Outlook
FAQ to be published during the week of August 24 will address second quarter performance, the Company’s outlook, and capital structure NEW YORK, August 17, 2026--(BUSINESS WIRE)--Capstone Holding Corp. (NASDAQ: CAPS), a national, technology-enabled building products distribution platform, will publish an investor FAQ during the week of August 24 addressing key questions from its shareholder base. The FAQ will expand on the Company’s strategic outlook and second quarter performance, which included 67% year-over-year revenue growth, 92% gross profit growth, and 357 basis points of gross margin expansion to 27.9%. Ahead of publication, Capstone is inviting shareholders to submit questions by emailing [email protected]. The Company’s leadership team will review submissions and address a selection of questions in the published FAQ. "In the second quarter, we delivered the EBITDA inflection we guided to in the first quarter, with positive Stone Business Adjusted EBITDA," said Matthew Lipman, Chief Executive Officer of Capstone. "Through this FAQ, we look forward to engaging directly with shareholders and discussing how we plan to build on this momentum through continued revenue growth, margin expansion and our capital structure priorities." In advance of the investor FAQ, shareholders are encouraged to review the Company’s earnings presentation, available on Capstone’s website. Non-GAAP Financial Measures Stone Business Adjusted EBITDA is a non-GAAP financial measure. It is not a measure of financial performance under GAAP and should not be considered an alternative to net income (loss) or any other performance measure derived in accordance with GAAP, and it may not be comparable to similarly titled measures used by other companies. A reconciliation to net loss, the most directly comparable GAAP measure, together with the definition of the measure, is included in the Company’s earnings release dated August 12, 2026. About Capstone Holding Corp. Capstone Holding Corp. (NASDAQ: CAPS) is a national, technology-enabled building products distribution platform optimizing supply chains across 38 U.S. states and Canada. Through its Instone operating platform and inventory portal, the Company aggregates and delivers proprietary stone veneer, hardscape materials, and modular masonry systems. Capstone’s model combines digital infrastructure, owned-inventory l…Read full documentShow less
FAQ to be published during the week of August 24 will address second quarter performance, the Company’s outlook, and capital structure NEW YORK, August 17, 2026--(BUSINESS WIRE)--Capstone Holding Corp. (NASDAQ: CAPS), a national, technology-enabled building products distribution platform, will publish an investor FAQ during the week of August 24 addressing key questions from its shareholder base. The FAQ will expand on the Company’s strategic outlook and second quarter performance, which included 67% year-over-year revenue growth, 92% gross profit growth, and 357 basis points of gross margin expansion to 27.9%. Ahead of publication, Capstone is inviting shareholders to submit questions by emailing [email protected]. The Company’s leadership team will review submissions and address a selection of questions in the published FAQ. "In the second quarter, we delivered the EBITDA inflection we guided to in the first quarter, with positive Stone Business Adjusted EBITDA," said Matthew Lipman, Chief Executive Officer of Capstone. "Through this FAQ, we look forward to engaging directly with shareholders and discussing how we plan to build on this momentum through continued revenue growth, margin expansion and our capital structure priorities." In advance of the investor FAQ, shareholders are encouraged to review the Company’s earnings presentation, available on Capstone’s website. Non-GAAP Financial Measures Stone Business Adjusted EBITDA is a non-GAAP financial measure. It is not a measure of financial performance under GAAP and should not be considered an alternative to net income (loss) or any other performance measure derived in accordance with GAAP, and it may not be comparable to similarly titled measures used by other companies. A reconciliation to net loss, the most directly comparable GAAP measure, together with the definition of the measure, is included in the Company’s earnings release dated August 12, 2026. About Capstone Holding Corp. Capstone Holding Corp. (NASDAQ: CAPS) is a national, technology-enabled building products distribution platform optimizing supply chains across 38 U.S. states and Canada. Through its Instone operating platform and inventory portal, the Company aggregates and delivers proprietary stone veneer, hardscape materials, and modular masonry systems. Capstone’s model combines digital infrastructure, owned-inventory logistics, and disciplined acquisitions to drive scalable margin expansion and operating leverage across its growing platform. Forward-Looking Statements This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These statements relate to future events and performance, including guidance regarding revenue, gross profit, and Stone Business Adjusted EBITDA, M&A strategy, use of capital, and operating outlook. Actual results may differ materially from those projected due to a range of factors, including but not limited to the Company’s liquidity and access to capital; its ability to comply with, or obtain waivers of, financial covenants; the refinancing or repayment of indebtedness as it matures; conditions that may raise substantial doubt about the Company’s ability to continue as a going concern; acquisition timing and integration; macroeconomic conditions; and other execution risks. Please review the Company’s filings with the SEC, including the Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, for a full discussion of these and other risk factors. Capstone undertakes no obligation to revise forward-looking statements except as required by law. View source version on businesswire.com: https://www.businesswire.com/news/home/20260817387801/en/ Contacts Investor Contact Investor RelationsCapstone Holding [email protected] www.capstoneholdingcorp.com Source: Capstone Holding Corp.
Investor releaseQuarter not tagged2026-08-12Capstone Holding Corp. Files Form 8-K With Second Quarter Investor Materials
Business Wire
Capstone Holding Corp. Files Form 8-K With Second Quarter Investor Materials
Capstone reports 67% revenue growth, 92% gross profit growth, and positive Stone Business Adjusted EBITDA of $2.0 million; FY2026 guidance reaffirmed NEW YORK, August 12, 2026--(BUSINESS WIRE)--Capstone Holding Corp. (NASDAQ: CAPS), a national, technology-enabled building products distribution platform, today announced that it has filed a Form 8-K with the U.S. Securities and Exchange Commission in connection with its second quarter 2026 results and related investor materials. For the second quarter of 2026, revenue increased 67% year over year to $21.5 million, while gross profit increased 92% to $6.0 million. Gross margin expanded 357 basis points to 27.9%. Stone Business Adjusted EBITDA was $2.0 million, representing a 9.4% margin and a $2.9 million improvement from the first quarter, delivering the positive Adjusted EBITDA the Company had guided to for the second quarter. Capstone reaffirmed its FY2026 guidance of $72.1 million of revenue, $18.7 million of gross profit, and approximately $3.8 million of Stone Business Adjusted EBITDA. The Company's second quarter 2026 investor materials are available in the Investor Relations section of www.capstoneholdingcorp.com. About Capstone Holding Corp. Capstone Holding Corp. (NASDAQ: CAPS) is a national, technology-enabled building products distribution platform optimizing supply chains across 38 U.S. states and Canada. Through its Instone operating platform and inventory portal, the Company aggregates and delivers proprietary stone veneer, hardscape materials, and modular masonry systems. Capstone's model combines digital infrastructure, owned-inventory logistics, and disciplined acquisitions to drive scalable margin expansion and operating leverage across its growing platform. Non-GAAP Financial Measures This press release references Stone Business Adjusted EBITDA, a non-GAAP financial measure that presents the results of the Company’s operating subsidiaries and excludes Capstone standalone corporate costs. Stone Business Adjusted EBITDA is not a measure of financial performance under GAAP and should not be considered an alternative to net income (loss) or any other performance measure derived in accordance with GAAP. Stone Business Adjusted EBITDA may not be comparable to similarly titled measures used by other companies. The Company defines Stone Business Adjusted EBITDA as earnings (loss) before interest exp…Read full documentShow less
Capstone reports 67% revenue growth, 92% gross profit growth, and positive Stone Business Adjusted EBITDA of $2.0 million; FY2026 guidance reaffirmed NEW YORK, August 12, 2026--(BUSINESS WIRE)--Capstone Holding Corp. (NASDAQ: CAPS), a national, technology-enabled building products distribution platform, today announced that it has filed a Form 8-K with the U.S. Securities and Exchange Commission in connection with its second quarter 2026 results and related investor materials. For the second quarter of 2026, revenue increased 67% year over year to $21.5 million, while gross profit increased 92% to $6.0 million. Gross margin expanded 357 basis points to 27.9%. Stone Business Adjusted EBITDA was $2.0 million, representing a 9.4% margin and a $2.9 million improvement from the first quarter, delivering the positive Adjusted EBITDA the Company had guided to for the second quarter. Capstone reaffirmed its FY2026 guidance of $72.1 million of revenue, $18.7 million of gross profit, and approximately $3.8 million of Stone Business Adjusted EBITDA. The Company's second quarter 2026 investor materials are available in the Investor Relations section of www.capstoneholdingcorp.com. About Capstone Holding Corp. Capstone Holding Corp. (NASDAQ: CAPS) is a national, technology-enabled building products distribution platform optimizing supply chains across 38 U.S. states and Canada. Through its Instone operating platform and inventory portal, the Company aggregates and delivers proprietary stone veneer, hardscape materials, and modular masonry systems. Capstone's model combines digital infrastructure, owned-inventory logistics, and disciplined acquisitions to drive scalable margin expansion and operating leverage across its growing platform. Non-GAAP Financial Measures This press release references Stone Business Adjusted EBITDA, a non-GAAP financial measure that presents the results of the Company’s operating subsidiaries and excludes Capstone standalone corporate costs. Stone Business Adjusted EBITDA is not a measure of financial performance under GAAP and should not be considered an alternative to net income (loss) or any other performance measure derived in accordance with GAAP. Stone Business Adjusted EBITDA may not be comparable to similarly titled measures used by other companies. The Company defines Stone Business Adjusted EBITDA as earnings (loss) before interest expense, income taxes, depreciation and amortization expense, management fees incurred by Instone payable to Capstone and Brookstone, Instone board fees, share-based compensation, change in fair value of contingent consideration, loss on extinguishment of debt, and transaction costs. A reconciliation of Stone Business Adjusted EBITDA to net income (loss), the most directly comparable GAAP measure, for the three and six months ended June 30, 2026 and 2025 is included in the Company's second quarter 2026 investor presentation, available in the Investor Relations section of www.capstoneholdingcorp.com. The Company has not provided a quantitative reconciliation of forward-looking Stone Business Adjusted EBITDA guidance to forward-looking GAAP net income (loss) because the individual reconciling items cannot be predicted with reasonable certainty without unreasonable effort. The unavailable reconciling items could have a significant impact on the Company's GAAP results. Forward-Looking Statements This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These statements relate to future events and performance, including FY2026 guidance regarding revenue, gross profit, and Stone Business Adjusted EBITDA, the opening and performance of new locations, new product performance, M&A strategy, use of capital, and operating outlook. To the extent second quarter figures precede the filing of the Company's Quarterly Report on Form 10-Q, they are preliminary, remain subject to the completion of the Company's financial closing procedures, and have not been audited or reviewed by the Company's independent registered public accounting firm. Actual results may differ materially from those projected due to a range of factors, including but not limited to the Company's liquidity and access to capital; its ability to comply with, or obtain waivers of, financial covenants; the refinancing or repayment of indebtedness as it matures; conditions that may raise substantial doubt about the Company's ability to continue as a going concern; acquisition timing and integration; macroeconomic conditions; and other execution risks. Please review the Company's filings with the SEC for a full discussion of these and other risk factors. Capstone undertakes no obligation to revise forward-looking statements except as required by law. View source version on businesswire.com: https://www.businesswire.com/news/home/20260812612548/en/ Contacts Investor Contact Investor RelationsCapstone Holding [email protected] www.capstoneholdingcorp.com
Investor releaseQuarter not tagged2026-08-12Capstone Reports Q2 2026 Results: Revenue Up 67%, Gross Profit Up 92%, Stone Business Adjusted EBITDA Turns Positive as Guided
Business Wire
Capstone Reports Q2 2026 Results: Revenue Up 67%, Gross Profit Up 92%, Stone Business Adjusted EBITDA Turns Positive as Guided
Stone Business Adjusted EBITDA of $2.0 million at a 9.4% margin delivers the second-quarter inflection guided in Q1; FY2026 guidance reaffirmed NEW YORK, August 12, 2026--(BUSINESS WIRE)--Capstone Holding Corp. (NASDAQ: CAPS), a national, technology-enabled building products distribution platform, today reported financial and operating results for the second quarter of 2026. Revenue grew 67% year over year to $21.5 million, gross profit grew 92% to $6.0 million, and gross margin expanded 357 basis points to 27.9%. Stone Business Adjusted EBITDA was $2.0 million, a 9.4% margin, delivering the positive Stone Business Adjusted EBITDA the Company guided to for the second quarter and a $2.9 million improvement from the first quarter. The Company reaffirms FY2026 guidance of $72.1 million of revenue, $18.7 million of gross profit, and approximately $3.8 million of Stone Business Adjusted EBITDA. Financial Summary "In the second quarter, we achieved the profitability and EBITDA inflection we guided to in the first quarter. We enter Q3—our strongest selling season—with considerable momentum," said Matthew Lipman, Chief Executive Officer. "Our platform is larger, more productive, and more profitable than it was a year ago. Gross profit continues to outpace revenue growth, a clear sign that our scale is reaching the bottom line." Key Highlights Stone Business Adjusted EBITDA Positive as Guided: Stone Business Adjusted EBITDA of $2.0 million in Q2 at a 9.4% margin, up 126% year over year and a $2.9 million improvement from Q1, delivering the positive Stone Business Adjusted EBITDA guidance provided in the first quarter. Margin Expansion Continued: Gross margin of 27.9%, up 357 basis points year over year, driven by scale, a higher mix of owned brands and installation, and purchasing and freight efficiencies, including the $480,000 of annualized savings from the Midwest distribution consolidation announced in May. Integration Synergies Drive Productivity: SG&A declined versus both the prior year and sequentially as integration initiatives mature. Each operating business continues to improve productivity through shared systems, centralized purchasing, and logistics optimization. New Products Scaling: Eldorado Stone reached 81 dealers across 17 states within ten weeks of launch. BrikClad continues to gain momentum in Canada, and Nature's Edge launched during the second qu…Read full documentShow less
Stone Business Adjusted EBITDA of $2.0 million at a 9.4% margin delivers the second-quarter inflection guided in Q1; FY2026 guidance reaffirmed NEW YORK, August 12, 2026--(BUSINESS WIRE)--Capstone Holding Corp. (NASDAQ: CAPS), a national, technology-enabled building products distribution platform, today reported financial and operating results for the second quarter of 2026. Revenue grew 67% year over year to $21.5 million, gross profit grew 92% to $6.0 million, and gross margin expanded 357 basis points to 27.9%. Stone Business Adjusted EBITDA was $2.0 million, a 9.4% margin, delivering the positive Stone Business Adjusted EBITDA the Company guided to for the second quarter and a $2.9 million improvement from the first quarter. The Company reaffirms FY2026 guidance of $72.1 million of revenue, $18.7 million of gross profit, and approximately $3.8 million of Stone Business Adjusted EBITDA. Financial Summary "In the second quarter, we achieved the profitability and EBITDA inflection we guided to in the first quarter. We enter Q3—our strongest selling season—with considerable momentum," said Matthew Lipman, Chief Executive Officer. "Our platform is larger, more productive, and more profitable than it was a year ago. Gross profit continues to outpace revenue growth, a clear sign that our scale is reaching the bottom line." Key Highlights Stone Business Adjusted EBITDA Positive as Guided: Stone Business Adjusted EBITDA of $2.0 million in Q2 at a 9.4% margin, up 126% year over year and a $2.9 million improvement from Q1, delivering the positive Stone Business Adjusted EBITDA guidance provided in the first quarter. Margin Expansion Continued: Gross margin of 27.9%, up 357 basis points year over year, driven by scale, a higher mix of owned brands and installation, and purchasing and freight efficiencies, including the $480,000 of annualized savings from the Midwest distribution consolidation announced in May. Integration Synergies Drive Productivity: SG&A declined versus both the prior year and sequentially as integration initiatives mature. Each operating business continues to improve productivity through shared systems, centralized purchasing, and logistics optimization. New Products Scaling: Eldorado Stone reached 81 dealers across 17 states within ten weeks of launch. BrikClad continues to gain momentum in Canada, and Nature's Edge launched during the second quarter. Ninth Location Opens August 17: The Company's first greenfield location, serving Wilmington and Myrtle Beach, opens August 17 with five customers signed before opening, combining distribution and installation on central systems. AI Operating System in Production: Live since April 7 across supply chain and finance functions, supporting forecasting, procurement, routing, and inventory management, including the $700,000 surplus-inventory conversion announced in July. Management's priority in the quarters ahead is capital-efficient organic growth. As business momentum continues to build, Capstone believes it has a clear path toward a $100 million annual revenue run rate while expanding Stone Business Adjusted EBITDA margins from approximately 5% to 10%. The Company remains committed to disciplined capital allocation and expects future acquisitions to resume opportunistically once the current platform has been fully optimized and market conditions support attractive returns on invested capital. "We are now entering the strongest months of our selling season following a historically cold and wet winter. We do so with more products, more locations, and a more efficient platform," Lipman added. "Location nine opens on August 17 with five customers already signed, and Eldorado Stone has expanded into 17 states just ten weeks after launch. Building on the strong momentum established in the second quarter, we believe we are well positioned to execute on our second-half objectives and reaffirm our full-year guidance." Access to Full Materials Following the filing of Capstone’s Quarterly Report on Form 10-Q, the Company will post an investor presentation discussing its second quarter results, strategic priorities, and detailed financial outlook. These materials will be available in the Investor Relations section of www.capstoneholdingcorp.com. About Capstone Holding Corp. Capstone Holding Corp. (NASDAQ: CAPS) is a national, technology-enabled building products distribution platform optimizing supply chains across 38 U.S. states and Canada. Through its Instone operating platform and inventory portal, the Company aggregates and delivers proprietary stone veneer, hardscape materials, and modular masonry systems. Capstone's model combines digital infrastructure, owned-inventory logistics, and disciplined acquisitions to drive scalable margin expansion and operating leverage across its growing platform. Non-GAAP Financial Measures This press release references Stone Business Adjusted EBITDA, a non-GAAP financial measure that presents the results of the Company’s operating subsidiaries and excludes Capstone standalone corporate costs. Stone Business Adjusted EBITDA is not a measure of financial performance under GAAP and should not be considered an alternative to net income (loss) or any other performance measure derived in accordance with GAAP. Stone Business Adjusted EBITDA may not be comparable to similarly titled measures used by other companies. The Company defines Stone Business Adjusted EBITDA as earnings (loss) before interest expense, income taxes, depreciation and amortization expense, management fees incurred by Instone payable to Capstone and Brookstone, Instone board fees, share-based compensation, change in fair value of contingent consideration, loss on extinguishment of debt, and transaction costs. A reconciliation of Stone Business Adjusted EBITDA to Capstone consolidated comprehensive income (loss), the GAAP measure from which it is derived, for the three and six months ended June 30, 2026 and 2025 will be included in the Company's second quarter 2026 investor presentation, which the Company will post in the Investor Relations section of www.capstoneholdingcorp.com concurrently with the filing of its Quarterly Report on Form 10-Q for the quarter ended June 30, 2026. That reconciliation identifies the items by which comprehensive income (loss) differs from net income (loss), which are the foreign currency translation adjustment and, for the six months ended June 30, 2025, the Class B units preferred return. The Company has not provided a quantitative reconciliation of forward-looking Stone Business Adjusted EBITDA guidance to forward-looking GAAP net income (loss) because the individual reconciling items cannot be predicted with reasonable certainty without unreasonable effort. The unavailable reconciling items could have a significant impact on the Company's GAAP results. Forward-Looking Statements This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These statements relate to future events and performance, including FY2026 guidance regarding revenue, gross profit, and Stone Business Adjusted EBITDA, the opening and performance of new locations, new product performance, M&A strategy, use of capital, and operating outlook. To the extent second quarter figures precede the filing of the Company's Quarterly Report on Form 10-Q, they are preliminary, remain subject to the completion of the Company's financial closing procedures, and have not been audited or reviewed by the Company's independent registered public accounting firm. Actual results may differ materially from those projected due to a range of factors, including but not limited to the Company's liquidity and access to capital; its ability to comply with, or obtain waivers of, financial covenants; the refinancing or repayment of indebtedness as it matures; conditions that may raise substantial doubt about the Company's ability to continue as a going concern; acquisition timing and integration; macroeconomic conditions; and other execution risks. Please review the Company's filings with the SEC for a full discussion of these and other risk factors. Capstone undertakes no obligation to revise forward-looking statements except as required by law. View source version on businesswire.com: https://www.businesswire.com/news/home/20260812438778/en/ Contacts Investor Contact Investor RelationsCapstone Holding [email protected] www.capstoneholdingcorp.com
Investor releaseQuarter not tagged2026-08-06Capstone to Report Second Quarter 2026 Financial Results on August 12
Business Wire
Capstone to Report Second Quarter 2026 Financial Results on August 12
An investor presentation and recorded management commentary will be available on the Company's website NEW YORK, August 06, 2026--(BUSINESS WIRE)--Capstone Holding Corp. (NASDAQ: CAPS), a national, technology-enabled building products distribution platform, announced today that it will report its financial results for the second quarter ended June 30, 2026, on Wednesday, August 12, 2026. Matthew Lipman, Chief Executive Officer, will discuss the quarter's financial results and provide a business update in a recorded management commentary, which will be published alongside an investor presentation on the Company's website. For additional information, visit Capstone's Investor Relations website at www.capstoneholdingcorp.com. About Capstone Holding Corp. Capstone Holding Corp. (NASDAQ: CAPS) is a national, technology-enabled building products distribution platform optimizing supply chains across 38 U.S. states and Canada. Through its Instone operating platform and inventory portal, the Company aggregates and delivers proprietary stone veneer, hardscape materials, and modular masonry systems. Capstone’s model combines digital infrastructure, owned-inventory logistics, and disciplined acquisitions to drive scalable margin expansion and operating leverage across its growing platform. Forward-Looking Statements This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These statements relate to future events and performance, including guidance regarding revenue and Adjusted EBITDA targets, M&A strategy, use of capital, and operating outlook. Actual results may differ materially from those projected due to a range of factors, including but not limited to the Company’s liquidity and access to capital; its ability to comply with, or obtain waivers of, financial covenants; the refinancing or repayment of indebtedness as it matures; conditions that may raise substantial doubt about the Company’s ability to continue as a going concern; acquisition timing and integration; macroeconomic conditions; and other execution risks. Please review the Company’s filings with the SEC, including the Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, for a full discussion of these and other risk factors. Capstone undertakes no obligation to revise forward-looking statements except as required by law. View…Read full documentShow less
An investor presentation and recorded management commentary will be available on the Company's website NEW YORK, August 06, 2026--(BUSINESS WIRE)--Capstone Holding Corp. (NASDAQ: CAPS), a national, technology-enabled building products distribution platform, announced today that it will report its financial results for the second quarter ended June 30, 2026, on Wednesday, August 12, 2026. Matthew Lipman, Chief Executive Officer, will discuss the quarter's financial results and provide a business update in a recorded management commentary, which will be published alongside an investor presentation on the Company's website. For additional information, visit Capstone's Investor Relations website at www.capstoneholdingcorp.com. About Capstone Holding Corp. Capstone Holding Corp. (NASDAQ: CAPS) is a national, technology-enabled building products distribution platform optimizing supply chains across 38 U.S. states and Canada. Through its Instone operating platform and inventory portal, the Company aggregates and delivers proprietary stone veneer, hardscape materials, and modular masonry systems. Capstone’s model combines digital infrastructure, owned-inventory logistics, and disciplined acquisitions to drive scalable margin expansion and operating leverage across its growing platform. Forward-Looking Statements This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These statements relate to future events and performance, including guidance regarding revenue and Adjusted EBITDA targets, M&A strategy, use of capital, and operating outlook. Actual results may differ materially from those projected due to a range of factors, including but not limited to the Company’s liquidity and access to capital; its ability to comply with, or obtain waivers of, financial covenants; the refinancing or repayment of indebtedness as it matures; conditions that may raise substantial doubt about the Company’s ability to continue as a going concern; acquisition timing and integration; macroeconomic conditions; and other execution risks. Please review the Company’s filings with the SEC, including the Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, for a full discussion of these and other risk factors. Capstone undertakes no obligation to revise forward-looking statements except as required by law. View source version on businesswire.com: https://www.businesswire.com/news/home/20260806904594/en/ Contacts Investor Contact Investor RelationsCapstone Holding [email protected] www.capstoneholdingcorp.com
Investor releaseQuarter not tagged2026-05-20Capstone Reports Q1 2026 Results: Revenue Up 60%, Gross Profit Up 124%, Best Q1 Gross Margin in Four Years
Business Wire
Capstone Reports Q1 2026 Results: Revenue Up 60%, Gross Profit Up 124%, Best Q1 Gross Margin in Four Years
Gross margin expanded 670 bps to 23.5% against one of the harshest winters in recent memory for seasonal businesses NEW YORK, May 20, 2026--(BUSINESS WIRE)--Capstone Holding Corp. (NASDAQ: CAPS), a tech-enabled building products distribution platform, today reported financial and operating results for the first quarter of 2026. Q1 revenue grew 60% year-over-year to $12.6 million, gross profit grew 124% to $3.0 million, and gross margin expanded 670 basis points to 23.5%—the strongest first-quarter gross margin Capstone has reported in four years. Results reflect the first full quarter of contribution from Carolina Stone and Canadian Stone Industries (CSI). On a pro-forma basis, giving effect to the Carolina Stone and CSI acquisitions as if they had been owned for all of FY2025, platform revenue would have been approximately $68 million, compared with $46.9 million as reported. Business momentum in April and May indicates that end-market conditions have improved materially, and Capstone reaffirms FY2026 guidance of $72.1 million in revenue (+54%), $18.7 million in gross profit (+73%), and approximately $3.8 million in Adjusted EBITDA, an approximate 4x increase year-over-year, with positive Adjusted EBITDA expected in Q2. Financial Summary "It was a historically challenging winter for seasonal businesses, but our results reinforce the resilience of the platform we’ve built," said Matthew Lipman, Chief Executive Officer of Capstone. "Gross profit grew more than twice as fast as revenue, reflecting the pricing discipline and margin expansion we’ve prioritized across the business. We’ve seen strong project and customer momentum in April and May, and we remain firmly on track to achieve our FY2026 targets and to turn Adjusted EBITDA positive in Q2." First Quarter 2026 Highlights: Revenue Growth (+60%): Q1 revenue increased to $12.6 million from $7.9 million in Q1 2025, driven by the first full-quarter contribution from Carolina Stone and CSI and continued organic momentum across the legacy Instone business. Gross Profit Growth (+124%): Gross profit more than doubled to $3.0 million from $1.3 million, growing approximately 2x faster than revenue and reflecting accretive contribution from acquired subsidiaries and a higher-margin product mix. Gross Margin Expansion (+670 bps—Best Q1 in Four Years): Gross margin expanded to 23.5% from 16.8%, pacing toward the FY2026…Read full documentShow less
Gross margin expanded 670 bps to 23.5% against one of the harshest winters in recent memory for seasonal businesses NEW YORK, May 20, 2026--(BUSINESS WIRE)--Capstone Holding Corp. (NASDAQ: CAPS), a tech-enabled building products distribution platform, today reported financial and operating results for the first quarter of 2026. Q1 revenue grew 60% year-over-year to $12.6 million, gross profit grew 124% to $3.0 million, and gross margin expanded 670 basis points to 23.5%—the strongest first-quarter gross margin Capstone has reported in four years. Results reflect the first full quarter of contribution from Carolina Stone and Canadian Stone Industries (CSI). On a pro-forma basis, giving effect to the Carolina Stone and CSI acquisitions as if they had been owned for all of FY2025, platform revenue would have been approximately $68 million, compared with $46.9 million as reported. Business momentum in April and May indicates that end-market conditions have improved materially, and Capstone reaffirms FY2026 guidance of $72.1 million in revenue (+54%), $18.7 million in gross profit (+73%), and approximately $3.8 million in Adjusted EBITDA, an approximate 4x increase year-over-year, with positive Adjusted EBITDA expected in Q2. Financial Summary "It was a historically challenging winter for seasonal businesses, but our results reinforce the resilience of the platform we’ve built," said Matthew Lipman, Chief Executive Officer of Capstone. "Gross profit grew more than twice as fast as revenue, reflecting the pricing discipline and margin expansion we’ve prioritized across the business. We’ve seen strong project and customer momentum in April and May, and we remain firmly on track to achieve our FY2026 targets and to turn Adjusted EBITDA positive in Q2." First Quarter 2026 Highlights: Revenue Growth (+60%): Q1 revenue increased to $12.6 million from $7.9 million in Q1 2025, driven by the first full-quarter contribution from Carolina Stone and CSI and continued organic momentum across the legacy Instone business. Gross Profit Growth (+124%): Gross profit more than doubled to $3.0 million from $1.3 million, growing approximately 2x faster than revenue and reflecting accretive contribution from acquired subsidiaries and a higher-margin product mix. Gross Margin Expansion (+670 bps—Best Q1 in Four Years): Gross margin expanded to 23.5% from 16.8%, pacing toward the FY2026 target of 26.0%. Expansion reflects pricing discipline; a higher mix of owned brands, architectural stone, and installation services; and sourcing and freight efficiencies. Pro-Forma FY2025 Revenue of Approximately $68 Million: Giving effect to the Carolina Stone and CSI acquisitions as if they had been owned for all of FY2025, pro-forma platform revenue would have been approximately $68 million versus $46.9 million as reported, with more than 1,000 active customers across eight locations spanning 38 U.S. states and Canada. EBITDA Margin Improvement Despite Larger Revenue Base: Adjusted EBITDA margin improved 60 basis points year-over-year to -6.9% from -7.5%, even as the revenue base expanded 60%. Corporate Cost Discipline: Standalone Capstone operating loss narrowed 54% year-over-year to ($258K) from ($564K), reflecting non-recurring IR and IPO-related costs rolling off as integration completes. Strengthened Capital Structure: Approximately 72% of the original convertible-note principal has been converted, with $4.92 million of the original $6.82 million retired and approximately $1.90 million remaining outstanding as of May 1, 2026. Management continues to prioritize retiring the remaining convertible notes while minimizing dilution where possible. Strategic Initiatives Compounding: Eldorado Stone distribution launched in April with H2 2026 revenue impact expected; Alsip-to-Navarre warehouse consolidation underway, with $240K of $480K annualized savings flowing in H2 2026 and the full $480K from 2027 onward; and the Company is reducing corporate overhead and sourcing costs while deploying AI-enabled tools across procurement, inventory, and routing that are expected to support further operating efficiencies over time. "End-market conditions are improving, and our platform now has the scale to drive accelerating earnings growth in the quarters ahead," Lipman added. "We believe the platform we have built positions Capstone to grow toward $100 million in revenue over time." Access to Full Materials Following the filing of Capstone’s Quarterly Report on Form 10-Q, the Company will post an investor presentation discussing Q1 results, strategic priorities, and detailed financial outlook. These materials will be available in the Investor Relations section of www.capstoneholdingcorp.com. The Company’s Form 10-Q and related filings with the Securities and Exchange Commission are available at sec.gov. Investors are encouraged to review the Form 10-Q in full, including the disclosures regarding liquidity, debt maturities, financial covenants, and the Company’s evaluation of its ability to continue as a going concern. About Capstone Holding Corp. Capstone Holding Corp. (NASDAQ: CAPS) is a national, technology-enabled building products distribution platform optimizing supply chains across 38 U.S. states and Canada. Through its Instone operating platform and inventory portal, the Company aggregates and delivers proprietary stone veneer, hardscape materials, and modular masonry systems. Capstone’s model combines digital infrastructure, owned-inventory logistics, and disciplined acquisitions to drive scalable margin expansion and operating leverage across its growing platform. Non-GAAP Financial Measures This press release references Adjusted EBITDA, a non-GAAP financial measure. Adjusted EBITDA is not a measure of financial performance under GAAP and should not be considered an alternative to net income (loss) or any other performance measure derived in accordance with GAAP. Adjusted EBITDA may not be comparable to similarly titled measures used by other companies. The Company defines "Adjusted EBITDA" as earnings (loss) before interest expense, income taxes, depreciation and amortization expense, management fees incurred by Instone payable to Capstone and Brookstone, Instone board fees, share-based compensation, change in fair value of contingent consideration, loss on extinguishment of debt, and transaction costs. A reconciliation of Adjusted EBITDA to net loss, the most directly comparable GAAP measure, for the three months ended March 31, 2026 and 2025 is included in the Company’s first quarter 2026 investor presentation, available in the Investor Relations section of www.capstoneholdingcorp.com. The Company has not provided a quantitative reconciliation of forward-looking Adjusted EBITDA guidance to forward-looking GAAP net income (loss) because the individual reconciling items — including interest expense, income taxes, depreciation and amortization, share-based compensation, change in fair value of contingent consideration, loss on extinguishment of debt, and transaction costs — cannot be predicted with reasonable certainty without unreasonable effort. The unavailable reconciling items could have a significant impact on the Company’s GAAP results. Forward-Looking Statements This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These statements relate to future events and performance, including guidance regarding revenue and Adjusted EBITDA targets, M&A strategy, use of capital, and operating outlook. Actual results may differ materially from those projected due to a range of factors, including but not limited to the Company’s liquidity and access to capital; its ability to comply with, or obtain waivers of, financial covenants; the refinancing or repayment of indebtedness as it matures; conditions that may raise substantial doubt about the Company’s ability to continue as a going concern; acquisition timing and integration; macroeconomic conditions; and other execution risks. Please review the Company’s filings with the SEC, including the Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, for a full discussion of these and other risk factors. Capstone undertakes no obligation to revise forward-looking statements except as required by law. View source version on businesswire.com: https://www.businesswire.com/news/home/20260520550613/en/ Contacts Investor Contact Investor RelationsCapstone Holding [email protected] www.capstoneholdingcorp.com
Investor releaseQuarter not tagged2026-05-16Capstone Holding Corp. Provides Filing Timeline for Q1 2026 Results
Business Wire
Capstone Holding Corp. Provides Filing Timeline for Q1 2026 Results
The Company remains encouraged by recent business momentum and expects to file its Form 10-Q and related investor materials by May 20, 2026. NEW YORK, May 15, 2026--(BUSINESS WIRE)--Capstone Holding Corp. (NASDAQ: CAPS), a tech-enabled building products distribution platform, today announced that it will delay the filing of its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, to allow additional time to finalize its quarterly financial statements and complete the related interim review. The Company currently expects to file the Form 10-Q and publish related investor materials no later than Wednesday, May 20, 2026. Capstone remains encouraged by recent business momentum and looks forward to discussing its first quarter performance and outlook with shareholders. The Company is filing a Notification of Late Filing on Form 12b-25 with the Securities and Exchange Commission. About Capstone Holding Corp. Capstone Holding Corp. (NASDAQ: CAPS) is a national, technology-enabled building products distribution platform optimizing supply chains across 38 U.S. states and Canada. Through its Instone operating platform and inventory portal, the Company aggregates and delivers proprietary stone veneer, hardscape materials, and modular masonry systems. Capstone’s model combines digital infrastructure, owned-inventory logistics, and disciplined acquisitions to drive scalable margin expansion and operating leverage across its growing platform. Forward-Looking Statements This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These statements relate to future events and performance, including guidance regarding revenue and EBITDA targets, M&A strategy, use of capital, and operating outlook. Actual results may differ materially from those projected due to a range of factors, including but not limited to the Company’s liquidity and access to capital; its ability to comply with, or obtain waivers of, financial covenants; the refinancing or repayment of indebtedness as it matures; conditions that may raise substantial doubt about the Company’s ability to continue as a going concern; acquisition timing and integration; macroeconomic conditions; and other execution risks. Please review the Company’s filings with the SEC, including the Quarterly Report on Form 10-Q for the quarter ended March 31, 202…Read full documentShow less
The Company remains encouraged by recent business momentum and expects to file its Form 10-Q and related investor materials by May 20, 2026. NEW YORK, May 15, 2026--(BUSINESS WIRE)--Capstone Holding Corp. (NASDAQ: CAPS), a tech-enabled building products distribution platform, today announced that it will delay the filing of its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, to allow additional time to finalize its quarterly financial statements and complete the related interim review. The Company currently expects to file the Form 10-Q and publish related investor materials no later than Wednesday, May 20, 2026. Capstone remains encouraged by recent business momentum and looks forward to discussing its first quarter performance and outlook with shareholders. The Company is filing a Notification of Late Filing on Form 12b-25 with the Securities and Exchange Commission. About Capstone Holding Corp. Capstone Holding Corp. (NASDAQ: CAPS) is a national, technology-enabled building products distribution platform optimizing supply chains across 38 U.S. states and Canada. Through its Instone operating platform and inventory portal, the Company aggregates and delivers proprietary stone veneer, hardscape materials, and modular masonry systems. Capstone’s model combines digital infrastructure, owned-inventory logistics, and disciplined acquisitions to drive scalable margin expansion and operating leverage across its growing platform. Forward-Looking Statements This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These statements relate to future events and performance, including guidance regarding revenue and EBITDA targets, M&A strategy, use of capital, and operating outlook. Actual results may differ materially from those projected due to a range of factors, including but not limited to the Company’s liquidity and access to capital; its ability to comply with, or obtain waivers of, financial covenants; the refinancing or repayment of indebtedness as it matures; conditions that may raise substantial doubt about the Company’s ability to continue as a going concern; acquisition timing and integration; macroeconomic conditions; and other execution risks. Please review the Company’s filings with the SEC, including the Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, for a full discussion of these and other risk factors. Capstone undertakes no obligation to revise forward-looking statements except as required by law. View source version on businesswire.com: https://www.businesswire.com/news/home/20260515275522/en/ Contacts Investor Contact Investor Relations Capstone Holding Corp. [email protected] www.capstoneholdingcorp.com
Investor releaseQuarter not tagged2026-04-21Capstone Announces Investor FAQ Focused on 2026 Guidance and Earnings
Business Wire
Capstone Announces Investor FAQ Focused on 2026 Guidance and Earnings
Company invites shareholder submissions; FAQ to expand on growth trajectory, margin profile, and path to profitability NEW YORK, April 21, 2026--(BUSINESS WIRE)--Capstone Holding Corp. (NASDAQ: CAPS), a tech-enabled building products distribution platform, will publish an investor FAQ during the week of May 4, addressing key questions from its shareholder base. The FAQ will provide additional detail on the Company’s recent earnings and 2026 guidance, which includes 54% revenue growth and approximately 4x EBITDA growth. Ahead of publication, Capstone is inviting shareholders to submit questions by emailing [email protected]. Submissions will be reviewed by the Company’s leadership team, with a selection of responses included in the published FAQ. "We’ve seen strong engagement from shareholders following our recent earnings update," said Matthew Lipman, Chief Executive Officer of Capstone. "This FAQ is an opportunity to address the questions we’re hearing most often and provide additional clarity on our 2026 outlook—including our expected revenue growth, margin expansion, and path to sustained profitability." "We are already seeing strong traction in both sales momentum and gross margin expansion, consistent with our 2026 outlook," Lipman added. "The upcoming FAQ will provide additional detail on these trends." In advance of the investor FAQ, shareholders are encouraged to review the Company’s Earnings Power presentation, available on Capstone’s website. About Capstone Holding Corp. Capstone Holding Corp. (NASDAQ: CAPS) is a national, technology-enabled building products distribution platform optimizing supply chains across 38 U.S. states and Canada. Through its Instone operating platform and inventory portal, the Company aggregates and delivers proprietary stone veneer, hardscape materials, and modular masonry systems. Capstone’s model combines digital infrastructure, owned-inventory logistics, and disciplined acquisitions to drive scalable margin expansion and operating leverage across its growing platform. Forward-Looking Statements This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These statements relate to future events and performance, including guidance regarding revenue and EBITDA targets, M&A strategy, use of capital, and operating outlook. Actual results may diff…Read full documentShow less
Company invites shareholder submissions; FAQ to expand on growth trajectory, margin profile, and path to profitability NEW YORK, April 21, 2026--(BUSINESS WIRE)--Capstone Holding Corp. (NASDAQ: CAPS), a tech-enabled building products distribution platform, will publish an investor FAQ during the week of May 4, addressing key questions from its shareholder base. The FAQ will provide additional detail on the Company’s recent earnings and 2026 guidance, which includes 54% revenue growth and approximately 4x EBITDA growth. Ahead of publication, Capstone is inviting shareholders to submit questions by emailing [email protected]. Submissions will be reviewed by the Company’s leadership team, with a selection of responses included in the published FAQ. "We’ve seen strong engagement from shareholders following our recent earnings update," said Matthew Lipman, Chief Executive Officer of Capstone. "This FAQ is an opportunity to address the questions we’re hearing most often and provide additional clarity on our 2026 outlook—including our expected revenue growth, margin expansion, and path to sustained profitability." "We are already seeing strong traction in both sales momentum and gross margin expansion, consistent with our 2026 outlook," Lipman added. "The upcoming FAQ will provide additional detail on these trends." In advance of the investor FAQ, shareholders are encouraged to review the Company’s Earnings Power presentation, available on Capstone’s website. About Capstone Holding Corp. Capstone Holding Corp. (NASDAQ: CAPS) is a national, technology-enabled building products distribution platform optimizing supply chains across 38 U.S. states and Canada. Through its Instone operating platform and inventory portal, the Company aggregates and delivers proprietary stone veneer, hardscape materials, and modular masonry systems. Capstone’s model combines digital infrastructure, owned-inventory logistics, and disciplined acquisitions to drive scalable margin expansion and operating leverage across its growing platform. Forward-Looking Statements This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These statements relate to future events and performance, including guidance regarding revenue and EBITDA targets, M&A strategy, use of capital, and operating outlook. Actual results may differ materially from those projected due to a range of factors, including but not limited to acquisition timing, macroeconomic conditions, and execution risks. Please review the Company’s filings with the SEC for a full discussion of risk factors. Capstone undertakes no obligation to revise forward-looking statements except as required by law. View source version on businesswire.com: https://www.businesswire.com/news/home/20260421275903/en/ Contacts Investor Contact Investor Relations Capstone Holding Corp. [email protected] www.capstoneholdingcorp.com
Investor releaseQuarter not tagged2026-04-16Capstone Reports FY2025 Results and Guides to 54% Revenue Growth and 4x EBITDA Growth in 2026
Business Wire
Capstone Reports FY2025 Results and Guides to 54% Revenue Growth and 4x EBITDA Growth in 2026
FY2025 gross margin expands to 23% on $46.9M revenue; FY2026 guidance calls for $72.1M of revenue, ~$18.7M of gross profit (+73%), and a positive EBITDA run-rate starting in Q2 NEW YORK, April 16, 2026--(BUSINESS WIRE)--Capstone Holding Corp. (NASDAQ: CAPS), a tech-enabled building products distribution platform, today announced financial and operating results for the fourth quarter and full year ended December 31, 2025. The Company closed FY2025 with ~$46.9 million in revenue and gross margin expanding to 23.0%, reflecting acquisition-driven scale and a higher-margin product mix. For FY2026, Capstone expects revenue to rise 54% to $72.1 million, gross margin to reach 26%, and EBITDA to increase more than fourfold to approximately $3.8 million, driven by operating leverage, product expansion, and geographic expansion. Financial Summary In FY2026, Capstone expanded from a single-subsidiary distributor to a nine-location platform spanning 38 U.S. states and Canada, completing two acquisitions that added approximately $26 million in annualized revenue. With integration substantially complete, the Company enters 2026 positioned to convert platform scale into earnings growth. "It was a transformational year for Capstone," said Matthew Lipman, Chief Executive Officer. "Synergies from our recent acquisitions are enabling margin growth and operating leverage across the platform. With a full year of contributions from these assets, along with our product and geographic expansion, we expect 2026 to deliver a sharp increase in both revenue and EBITDA." Full-Year 2025 Highlights: Revenue Growth: FY2025 revenue of ~$46.9 million reflects partial-year contributions from Carolina Stone (August close) and Canadian Stone Industries (December close), positioning the Company at ~$68 million in pro forma revenue entering 2026. Margin Expansion: Gross profit increased 12.8% year-over-year, with gross margin expanding 170 basis points to 23.0%, reflecting structural improvements in sourcing and product mix. Disciplined M&A and Integration: Completed two acquisitions, expanding from one to three operating subsidiaries and from four to nine locations, establishing a North American platform spanning 38 U.S. states and Canada. Acquired businesses were integrated immediately upon close, with early synergies supporting margin expansion and operating efficiency. Expanded Brand Portfolio…Read full documentShow less
FY2025 gross margin expands to 23% on $46.9M revenue; FY2026 guidance calls for $72.1M of revenue, ~$18.7M of gross profit (+73%), and a positive EBITDA run-rate starting in Q2 NEW YORK, April 16, 2026--(BUSINESS WIRE)--Capstone Holding Corp. (NASDAQ: CAPS), a tech-enabled building products distribution platform, today announced financial and operating results for the fourth quarter and full year ended December 31, 2025. The Company closed FY2025 with ~$46.9 million in revenue and gross margin expanding to 23.0%, reflecting acquisition-driven scale and a higher-margin product mix. For FY2026, Capstone expects revenue to rise 54% to $72.1 million, gross margin to reach 26%, and EBITDA to increase more than fourfold to approximately $3.8 million, driven by operating leverage, product expansion, and geographic expansion. Financial Summary In FY2026, Capstone expanded from a single-subsidiary distributor to a nine-location platform spanning 38 U.S. states and Canada, completing two acquisitions that added approximately $26 million in annualized revenue. With integration substantially complete, the Company enters 2026 positioned to convert platform scale into earnings growth. "It was a transformational year for Capstone," said Matthew Lipman, Chief Executive Officer. "Synergies from our recent acquisitions are enabling margin growth and operating leverage across the platform. With a full year of contributions from these assets, along with our product and geographic expansion, we expect 2026 to deliver a sharp increase in both revenue and EBITDA." Full-Year 2025 Highlights: Revenue Growth: FY2025 revenue of ~$46.9 million reflects partial-year contributions from Carolina Stone (August close) and Canadian Stone Industries (December close), positioning the Company at ~$68 million in pro forma revenue entering 2026. Margin Expansion: Gross profit increased 12.8% year-over-year, with gross margin expanding 170 basis points to 23.0%, reflecting structural improvements in sourcing and product mix. Disciplined M&A and Integration: Completed two acquisitions, expanding from one to three operating subsidiaries and from four to nine locations, establishing a North American platform spanning 38 U.S. states and Canada. Acquired businesses were integrated immediately upon close, with early synergies supporting margin expansion and operating efficiency. Expanded Brand Portfolio: Built a portfolio of premium brands with national and regional coverage, including the recently awarded Eldorado Stone distribution from Westlake Royal Building Products, enabling cross-sell opportunities and a higher-margin product mix. FY2026 Financial Guidance: Revenue: $72.1 Million (+54%): Revenue growth reflects a full year of contributions from acquired subsidiaries, continued organic growth including the Eldorado Stone distribution, and expansion into new geographies and customer segments. EBITDA: ~$3.8 Million (Inflection to Profitability): EBITDA is expected to reach approximately $3.8 million, driven by fixed-cost leverage, improved product mix, and operating efficiencies. The Company expects to achieve a positive EBITDA run-rate beginning in the second quarter. Gross Margin: 26.0% (+300 bps): Gross profit expected to nearly double to ~$18.7 million. New product launches, including Eldorado Stone and Nature’s Edge, and owned-brand expansion support continued margin improvement while increasing revenue per customer and per delivery route without incremental investment. Cost Savings and Efficiency: Approximately $480,000 in identified annual cost savings from facility consolidation, with additional upside from logistics optimization and inventory centralization. AI-driven initiatives are expected to drive further efficiency gains by year-end 2026. Growth Trajectory: Clear path to $100 million or more in revenue, supported by platform scale, acquisition pipeline, recently awarded distribution partnerships including Eldorado Stone, and continued operational execution. "The new year is expected to deliver significant growth in profitability for Capstone, supported by strong organic sales and margin expansion," Lipman added. "Coast-to-coast coverage and an expanded portfolio of premium brands are driving strong inbound demand. Early 2026 results point to an accelerated earnings trajectory for the business." Access to Full Materials Following the filing of Capstone’s annual report on Form 10-K, the Company will post an investor presentation discussing its full-year results, strategic priorities, and detailed financial outlook. These materials will be available in the Investor Relations section of www.capstoneholdingcorp.com. About Capstone Holding Corp. Capstone Holding Corp. (NASDAQ: CAPS) is a national, technology-enabled building products distribution platform optimizing supply chains across 38 U.S. states and Canada. Through its Instone operating platform and inventory portal, the Company aggregates and delivers proprietary stone veneer, hardscape materials, and modular masonry systems. Capstone’s model combines digital infrastructure, owned-inventory logistics, and disciplined acquisitions to drive scalable margin expansion and operating leverage across its growing platform. Forward-Looking Statements This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These statements relate to future events and performance, including guidance regarding revenue and EBITDA targets, M&A strategy, use of capital, and operating outlook. Actual results may differ materially from those projected due to a range of factors, including but not limited to acquisition timing, macroeconomic conditions, and execution risks. Please review the Company’s filings with the SEC for a full discussion of risk factors. Capstone undertakes no obligation to revise forward-looking statements except as required by law. View source version on businesswire.com: https://www.businesswire.com/news/home/20260416616990/en/ Contacts Investor Contact Investor Relations Capstone Holding Corp. [email protected] www.capstoneholdingcorp.com
Investor releaseQuarter not tagged2025-11-17Capstone Reports Record Q3 Results With 46% EBITDA Growth and New Acquisition Momentum
ACCESS Newswire
Capstone Reports Record Q3 Results With 46% EBITDA Growth and New Acquisition Momentum
Pro forma revenue up 19% YoY; $26M in acquired annual revenue accelerates Capstone's path toward a $100M run-rate by early 2026 NEW YORK CITY, NEW YORK / ACCESS Newswire / November 17, 2025 / Capstone Holding Corp. (NASDAQ:CAPS), a national building products distribution platform, today announced strong financial and strategic highlights for the third quarter of 2025, including significant growth in revenue, gross profit, and adjusted EBITDA. Capstone announced two acquisitions during the second half, expected to contribute $26 million in annualized revenue and accelerate progress toward the company's $100 million run-rate target for 2026. Continued organic growth and efficiency initiatives further strengthened profitability and expanded margins quarter over quarter. Key Highlights: Record Revenue Growth: Pro forma year-to-date revenue increased 19% year-over-year to $41.2 million, driven by the Carolina Stone acquisition and continued organic growth. Pro forma adjusted EBITDA rose 46% and gross profit rose 34%, reflecting acquisition growth and cost discipline. Strong M&A Momentum: Capstone's anticipated acquisition of a multi-location stone distributor with $15 million in annual revenue is on track to close before December 15. Combined with Carolina Stone, acquisitions completed in the second half are expected to add $26 million in annualized revenue and position the company for strong post-acquisition growth. Active, Favorable Pipeline: Multiple additional targets are currently under review at attractive 4-6x EBITDA valuations, with 20-45% of consideration structured in non-cash components. Capstone expects to complete three to four strategic acquisitions in 2026. Improved Industry Outlook: Economic conditions have improved meaningfully, supported by interest rate cuts and a steady recovery in demand. Forecasts point to a rebound in remodeling activity and a persistent housing undersupply, creating strong long-term tailwinds for the sector. Integration Milestones: Capstone quickly achieved integration milestones with Carolina Stone across ERP, logistics, marketing, and other core functions. This framework positions the company for the rapid post-close integration of its next acquisition, expected to close in early December. "It was another exciting quarter for Capstone, as we delivered record results across multiple fronts and announced our first two acqu…Read full documentShow less
Pro forma revenue up 19% YoY; $26M in acquired annual revenue accelerates Capstone's path toward a $100M run-rate by early 2026 NEW YORK CITY, NEW YORK / ACCESS Newswire / November 17, 2025 / Capstone Holding Corp. (NASDAQ:CAPS), a national building products distribution platform, today announced strong financial and strategic highlights for the third quarter of 2025, including significant growth in revenue, gross profit, and adjusted EBITDA. Capstone announced two acquisitions during the second half, expected to contribute $26 million in annualized revenue and accelerate progress toward the company's $100 million run-rate target for 2026. Continued organic growth and efficiency initiatives further strengthened profitability and expanded margins quarter over quarter. Key Highlights: Record Revenue Growth: Pro forma year-to-date revenue increased 19% year-over-year to $41.2 million, driven by the Carolina Stone acquisition and continued organic growth. Pro forma adjusted EBITDA rose 46% and gross profit rose 34%, reflecting acquisition growth and cost discipline. Strong M&A Momentum: Capstone's anticipated acquisition of a multi-location stone distributor with $15 million in annual revenue is on track to close before December 15. Combined with Carolina Stone, acquisitions completed in the second half are expected to add $26 million in annualized revenue and position the company for strong post-acquisition growth. Active, Favorable Pipeline: Multiple additional targets are currently under review at attractive 4-6x EBITDA valuations, with 20-45% of consideration structured in non-cash components. Capstone expects to complete three to four strategic acquisitions in 2026. Improved Industry Outlook: Economic conditions have improved meaningfully, supported by interest rate cuts and a steady recovery in demand. Forecasts point to a rebound in remodeling activity and a persistent housing undersupply, creating strong long-term tailwinds for the sector. Integration Milestones: Capstone quickly achieved integration milestones with Carolina Stone across ERP, logistics, marketing, and other core functions. This framework positions the company for the rapid post-close integration of its next acquisition, expected to close in early December. "It was another exciting quarter for Capstone, as we delivered record results across multiple fronts and announced our first two acquisitions," said Matthew Lipman, Chief Executive Officer. "We expect our second acquisition to close before December 15 and to be immediately accretive to both revenue and EBITDA. We are well-positioned to reach our $100 million revenue run-rate target by early 2026." Access to Full Materials Following the issuance of Capstone's Q3 10-Q this week, Capstone will post an investor presentation discussing Q3 2025 and its strategic outlook. These materials will be available in the Investor Relations section of www.capstoneholdingcorp.com. About Capstone Holding Corp. Capstone Holding Corp. (NASDAQ:CAPS) is a diversified platform of building products businesses focused on distribution, brand ownership, and acquisition. Through its Instone subsidiary, Capstone serves 32 U.S. states, offering proprietary stone veneer, hardscape materials, and modular masonry systems. The company's strategy combines disciplined M&A, operational efficiency, and a growing portfolio of owned brands to build a scalable and durable platform. Investor Contact: Investor Relations Capstone Holding Corp. [email protected] www.capstoneholdingcorp.com Forward-Looking Statements This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These statements relate to future events and performance, including guidance regarding revenue and EBITDA targets, M&A strategy, use of capital, and operating outlook. Actual results may differ materially from those projected due to a range of factors, including but not limited to acquisition timing, macroeconomic conditions, and execution risks. Please review the Company's filings with the SEC for a full discussion of risk factors. Capstone undertakes no obligation to revise forward-looking statements except as required by law. SOURCE: Capstone Holding Corp. View the original press release on ACCESS Newswire
TranscriptFY2025 Q32025-11-17FY2025 Q3 earnings call transcript
Earnings source - 11 paragraphs
FY2025 Q3 earnings call transcript
Good morning, and thank you for joining us. I'm Matthew Lipman, CEO of Capstone Holding Corp., ticker C-A-P-S, CAPS. Capstone is built to deliver, positioned to acquire, and ready to scale. Today's presentation covers our Q3 year-to-date results, the integration of our acquisitions, and our outlook as we move forward towards 2026. This content is fully qualified by the legal disclosures that follow. Our goal today is simple, to give you a clear, transparent view of how we are operating the business, what is driving our performance, and how we are executing our strategy. We operate in a dynamic environment. Interest rates, consumer demand, and policy continue to shift. What we share today reflects our best current estimates, and we will adjust as conditions evolve. Despite uncertainty, we must plan, invest, and build. This presentation lays out that roadmap. Please review the full legal disclosures.
This presentation contains forward-looking statements and non-GAAP financial metrics. Actual results may differ materially. Today, we'll walk through our 2025 goals and progress, the acquisition strategy and pipeline, year-to-date platform performance, integration milestones, and our outlook for 2026. Year-to-date performance reflects strong integration and disciplined execution. Revenue is up 19% year-over-year, driven by the Carolina Stone Products acquisition. Gross profit is up 34%, with margin expansion from 21.7%-24.4%, driven largely by sourcing improvements and a stronger product mix. Our adjusted EBITDA is up by 46%, reflecting acquisition growth and cost discipline. Our platform is scaling towards its $100 million trajectory. Capstone is continuing to execute on its strategy towards its goal of $100 million in revenue. By the end of 2025, we'll have executed on two acquisitions, adding $26 million in revenue.
The Carolina Stone acquisition, which closed in August of 2025, and a multi-location distributor targeted to close in December of 2025. Our pipeline remains active with strong synergies and disciplined pricing. These acquisitions further demonstrate our ability to source, structure, and close transactions that accelerate scale and earnings. The world changed from our initial expectations. 2025 included delayed rate cuts, tariff uncertainty, and a slower sales cadence. Still, we will have executed on two acquisitions, adding revenue and delivered margin growth. Going into 2026, we've seen two rate cuts already, and it looks like more are coming. As the economic environment improves, we're set up to grow organically, expand earnings, and keep moving forward on acquisitions. Our acquisition strategy remains unchanged.
Tuck-ins to expand our platform and add earnings momentum, sister companies with product and channel synergy to unlock cost savings and mutual growth, and longer-term, new platforms to drive diversification. Valuations remain attractive at 4-6x EBITDA, typically with 20%-45% non-cash consideration. We are delivering on our promise to remain disciplined on pricing, structure, and fit. We're executing on the build-out of our North American platform. Instone, Carolina Stone, and the expected fourth quarter acquisition come together to form a true multi-regional distributor with scale. We also have the foundation in place to complete 3-4 acquisitions in 2026. More importantly, now we have the execution capability to capitalize on these investments. The integration work at Carolina Stone, ERP, logistics, and marketing is complete, and that same playbook will allow us to quickly align our next acquisition. Our M&A pipeline remains strong.
Market conditions are producing realistic seller expectations and limited competition. Some of the best targets are waiting for the market to improve, and Capstone is nurturing those relationships. The timing of new acquisition announcements is always speculative. With that said, it is highly unlikely we will announce another deal in 2025. We do expect to close our previously announced acquisition by December 15th, and we are targeting 3-4 deals next year and hope to announce one that meets our criteria in the near future. The Carolina Stone acquisition closed in August 2025, expanding our footprint into the Southeast U.S. It helped support pro forma revenue growth, up 19% year-over-year to $41.2 million, and adjusted EBITDA increased 46% year-over-year, reflecting acquisition growth and cost discipline.
As we stated, we believe the macroeconomic environment is setting up to help support organic revenue and earnings growth in 2026. Certain products at our operating subsidiaries experienced growth while others declined a bit. At the beginning of the year, given the economic outlook, we had hoped that market conditions would allow for significant organic growth. That has not been the case as interest rates declined much more slowly than anticipated and tariffs led to uncertainty. At Carolina Stone, the markets they serve did experience growth. We expect to use that as a beachhead to drive organic growth into growing markets like the Southeast. We continue to look for acquisitions in the Southeast as we believe market growth is likely to continue in the region, and it will be amongst the stronger regions in the country. On this page, you'll find a summary of our year-to-date results for our operating business.
I would, however, like to take the opportunity to give you some insight into how we look at liquidity and the capital structure. We believe it is important to manage liquidity carefully at our operating subsidiaries. As part of closing our upcoming acquisition, we expect to enhance the liquidity profile of our operating businesses using lower cost bank debt. Holding company liquidity is driven by liquidity in the operating companies. We intentionally keep minimal cash at the holdco as those funds are better used within the operating companies to reduce interest expense. We expect the primary use of proceeds of equity funding is to make acquisitions. With rate cuts coming more slowly than expected in 2025, the macroeconomic environment has been more challenging for our sector. We believe that has created a wider window for Capstone to pursue well-priced acquisitions.
Public companies in our sector typically are trading for 8-12x EBITDA. We are making acquisitions at 4-6x EBITDA or at book value. Typically, consideration is 25%-45% non-cash. This private to public arbitrage is what will drive significant long-term equity value for our investors. We understand the cost of short-term dilution, but we are buying real cash-generating assets, which should offset the effects of share issuance. Please refer to the 10-Q for more detail on our results. On this page, you'll find a summary of our Q3 results for our operating business. Please refer to our 10-Q for more detail. As a public company, Capstone incurs corporate costs beyond those of its subsidiaries. Fixed costs, including leadership, board, legal, and compliance, and variable costs, like investor relations and marketing, can be scaled upwards or downwards as needed.
When valuing our core business, we believe many corporate costs, including Capstone overhead, are not essential to our subsidiaries' operations. Notably, this quarter, we experienced a number of non-recurring acquisition-related and non-cash financing costs. Combined, these totaled around $1.5 million of expense. These costs had a meaningful negative impact on net income this quarter. However, as we grow, recurring operating performance will become cleaner and less overshadowed by non-recurring and non-cash items. On this page, you'll find a summary of our year-to-date results for the parent company. Capstone corporate expenses are not expected to scale quickly as we grow, allowing Capstone to expand profitability as it executes its strategy. This year includes a number of non-recurring non-cash and acquisition-related expenses, such as higher investor relations spend, transaction expenses, and a non-cash loss on the extinguishment of debt. Please refer to the 10-Q for more detail.
On this page, you'll find a summary of our Q3 results for our parent company. Please refer to the 10-Q for more detail. We are finishing 2025 with two completed acquisitions and material progress towards our long-term objectives. As we enter 2026, we have an integrated multi-regional platform, strong momentum in our own brands, improved sourcing logistics, and a disciplined acquisition pipeline, all positioning the company for scalable growth and continued earnings expansion. These are our key principles, our promise to our investors. We will be transparent. We will always tell you how we are doing. We will be accountable. We'll make commitments and share targets. Some might be stretch goals, but we will put our full effort behind them, and we will be adaptable. Markets change and conditions change. Capstone, ticker CAPS, is executing with discipline.
We are focused on organic growth, accretive M&A, and a clear path towards the $100 million revenue run rate goals. Thank you for your time.
Investor releaseQuarter not tagged2025-08-15Capstone Reports Q2 2025 Results: Gross Margin Up to 24.4%; First Acquisition Nears Close
ACCESS Newswire
Capstone Reports Q2 2025 Results: Gross Margin Up to 24.4%; First Acquisition Nears Close
NEW YORK, NY / ACCESS Newswire / August 15, 2025 / Capstone Holding Corp. (NASDAQ:CAPS) today announced its second quarter 2025 financial results and strategic highlights, including substantial gross margin expansion and that it has executed an agreement today that it expects to close in the next 10 days for its first acquisition. The acquisition of a Carolina Based Stone Company will be immediately accretive and extend the company's reach into the high-growth Southeast market and expand Instone's distribution platform. Q2 2025 results reflect continued execution on the Company's strategy of organic growth, margin expansion, and earnings-accretive acquisitions. The team is focused on delivering on our target of a $100M revenue run-rate by year-end 2025 or Q1 2026. First Acquisition Nears Close: The acquisition agreement for a Carolina Based Stone Company has been executed and is expected to close in the next 10 days. It will be immediately accretive to both revenue and EBITDA. This strategic transaction strengthens Capstone's market presence in North Carolina - a gateway to the high-growth Southeast region - and adds premium brands with strong margin expansion potential to the Company's portfolio. Strong Margin Growth: Gross margins expanded from 21.4% to 24.4% year-over-year, reflecting both increased sales of owned brands and disciplined cost management. This 310 basis-point margin expansion highlights Capstone's ability to drive profitability. SG&A remains on track at approximately $8.5 million annualized, supporting the Company's EBITDA growth objectives. Active, Favorable Pipeline: Multiple additional acquisition targets are under review at attractive 4-6× EBITDA valuations, with 20-45% of each deal's consideration in non-cash consideration. At least one more acquisition is projected to close by year-end 2025, further supporting Capstone's growth pipeline. Flexible Capital Ready: Capstone has secured an Equity Line of Credit (ELOC) and a convertible note, ensuring acquisition funding is available without reliance on high-interest debt or immediate equity dilution. This funding flexibility positions the Company to pursue earnings-accretive acquisitions that enhance both revenue growth and EBITDA performance. Instone Positioned for Second-Half Upside: Q3 order volume is expected to rebound as market conditions normalize. Projected late-2025 interest rate…Read full documentShow less
NEW YORK, NY / ACCESS Newswire / August 15, 2025 / Capstone Holding Corp. (NASDAQ:CAPS) today announced its second quarter 2025 financial results and strategic highlights, including substantial gross margin expansion and that it has executed an agreement today that it expects to close in the next 10 days for its first acquisition. The acquisition of a Carolina Based Stone Company will be immediately accretive and extend the company's reach into the high-growth Southeast market and expand Instone's distribution platform. Q2 2025 results reflect continued execution on the Company's strategy of organic growth, margin expansion, and earnings-accretive acquisitions. The team is focused on delivering on our target of a $100M revenue run-rate by year-end 2025 or Q1 2026. First Acquisition Nears Close: The acquisition agreement for a Carolina Based Stone Company has been executed and is expected to close in the next 10 days. It will be immediately accretive to both revenue and EBITDA. This strategic transaction strengthens Capstone's market presence in North Carolina - a gateway to the high-growth Southeast region - and adds premium brands with strong margin expansion potential to the Company's portfolio. Strong Margin Growth: Gross margins expanded from 21.4% to 24.4% year-over-year, reflecting both increased sales of owned brands and disciplined cost management. This 310 basis-point margin expansion highlights Capstone's ability to drive profitability. SG&A remains on track at approximately $8.5 million annualized, supporting the Company's EBITDA growth objectives. Active, Favorable Pipeline: Multiple additional acquisition targets are under review at attractive 4-6× EBITDA valuations, with 20-45% of each deal's consideration in non-cash consideration. At least one more acquisition is projected to close by year-end 2025, further supporting Capstone's growth pipeline. Flexible Capital Ready: Capstone has secured an Equity Line of Credit (ELOC) and a convertible note, ensuring acquisition funding is available without reliance on high-interest debt or immediate equity dilution. This funding flexibility positions the Company to pursue earnings-accretive acquisitions that enhance both revenue growth and EBITDA performance. Instone Positioned for Second-Half Upside: Q3 order volume is expected to rebound as market conditions normalize. Projected late-2025 interest rate cuts could give demand an extra lift. Product rollouts and new territory expansion continue to build momentum. "It was an exciting quarter for Capstone. We're advancing our acquisition of a Carolina Based Stone Company - a transaction that will be immediately accretive to revenue and EBITDA - and will expand our footprint into one of the fastest-growing markets in the country," said Matthew Lipman, Chief Executive Officer. "We also grew gross margin to 24.4% from 21.4% a year ago, reflecting increased sales of our owned brands and disciplined cost control. Altogether, we're executing on both pillars of our strategy: expanding through high-quality, earnings-accretive acquisitions and strengthening profitability." Access to Full Materials Capstone has posted an investor presentation and audio commentary discussing Q1 2025 and its strategic outlook. These materials are available in the Investor Relations section of www.capstoneholdingcorp.com. About Capstone Holding Corp. Capstone Holding Corp. (NASDAQ: CAPS) is a diversified platform of building products businesses focused on distribution, brand ownership, and acquisition. Through its Instone subsidiary, Capstone serves 31 U.S. states, offering proprietary stone veneer, hardscape materials, and modular masonry systems. The company's strategy combines disciplined M&A, operational efficiency, and a growing portfolio of owned brands to build a scalable and durable platform. Investor Contact: Investor Relations Capstone Holding Corp. [email protected] www.capstoneholdingcorp.com Forward-Looking Statements This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These statements relate to future events and performance, including guidance regarding revenue and EBITDA targets, M&A strategy, use of capital, and operating outlook. Actual results may differ materially from those projected due to a range of factors, including but not limited to acquisition timing, macroeconomic conditions, and execution risks. Please review the Company's filings with the SEC for a full discussion of risk factors. Capstone undertakes no obligation to revise forward-looking statements except as required by law. SOURCE: Capstone Holding Corp. View the original press release on ACCESS Newswire

