\nCapstone Holding Corp. (NASDAQ: CAPS), a national, technology-enabled building products distribution platform, today announced preliminary operating results for July and August 2026, highlighting continued organic growth. <\/b>The results include all three operating businesses (Instone, Carolina Stone and Canadian Stone Industries) on a comparable basis, as if each had been owned throughout both periods, and cover performance through August 31 only.<\/p>\n
Organic revenue increased 7.6% year over year to approximately $14.0 million in the first two months of the third quarter, while organic gross profit rose 6.5% to $3.5 million. <\/b>The results demonstrate continued progress against Capstone\u2019s strategy of generating organic growth through its capital-efficient distribution platform.<\/p>\n
\nThrough August, year-to-date organic revenue increased 4.6% to approximately $48.1 million and organic gross profit rose 6.5% to $12.5 million, outpacing revenue growth. Capstone continued to deliver organic revenue growth despite <\/b>contraction in the broader building-products market<\/b><\/a>.<\/b><\/p>\n \n\u201cWe felt that more current information would help shareholders understand the Company\u2019s position, amid broader uncertainty in the housing and building products market,\u201d said Matthew Lipman, Chief Executive Officer. \u201cOur performance in July and August indicates strong progress against our growth and profitability objectives<\/b>. Year to date, organic gross profit (6.5%) is growing faster than organic revenue (4.6%). We plan to expand our product portfolio and geographic reach through our existing distribution infrastructure, with the objective of generating additional revenue without a proportionate increase in our cost base.<\/b>\u201d<\/p>\n \nThe Company may provide additional interim operating updates at its discretion but does not intend to do so on a fixed schedule.<\/p>\n Key Highlights:<\/b><\/p>\n \n\u201cLast quarter\u2019s results demonstrated the strength of our platform, as organic revenue and gross profit grew despite challenging market conditions,\u201d Lipman added. \u201cOur preliminary July and August results indicate that momentum continued into the third quarter. <\/b>We look forward to advancing our capital-efficient growth strategy in the months ahead.\u201d<\/p>\n \n\u00a0<\/p>\n<\/td>\n Jul and Aug <\/b><\/p>\n 2025<\/b><\/p>\n<\/td>\n Jul and Aug <\/b><\/p>\n 2026<\/b><\/p>\n<\/td>\n YTD Aug <\/b><\/p>\n 2025<\/b><\/p>\n<\/td>\n YTD Aug <\/b><\/p>\n 2026<\/b><\/p>\n<\/td>\n<\/tr>\n \nConsolidated net sales (GAAP)<\/p>\n<\/td>\n \n8,711<\/p>\n<\/td>\n \n13,960<\/p>\n<\/td>\n \n29,462<\/p>\n<\/td>\n \n48,106<\/p>\n<\/td>\n<\/tr>\n \nCarolina Stone and Canadian Stone Industries before acquisition<\/p>\n<\/td>\n \n4,260<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n \n16,547<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n<\/tr>\n Organic revenue<\/b><\/p>\n<\/td>\n 12,971<\/b><\/p>\n<\/td>\n 13,960<\/b><\/p>\n<\/td>\n 46,009<\/b><\/p>\n<\/td>\n 48,106<\/b><\/p>\n<\/td>\n<\/tr>\n \nConsolidated gross profit (GAAP)<\/p>\n<\/td>\n \n2,041<\/p>\n<\/td>\n \n3,507<\/p>\n<\/td>\n \n6,496<\/p>\n<\/td>\n \n12,476<\/p>\n<\/td>\n<\/tr>\n \nCarolina Stone and Canadian Stone Industries before acquisition<\/p>\n<\/td>\n \n1,251<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n \n5,216<\/p>\n<\/td>\n \n0<\/p>\n<\/td>\n<\/tr>\n Organic gross profit<\/b><\/p>\n<\/td>\n 3,292<\/b><\/p>\n<\/td>\n 3,507<\/b><\/p>\n<\/td>\n 11,712<\/b><\/p>\n<\/td>\n 12,476<\/b><\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n(1) Results of Canadian Stone Industries are translated into U.S. dollars at Bank of Canada monthly average exchange rates. The consolidated figures for the six months ended June 30, 2026 in the Company\u2019s Quarterly Report on Form 10-Q were translated at the exchange rates recorded in the Company\u2019s books, and the first six months implied by the 2026 columns above differ from the filed figures by approximately $30 thousand of net sales as a result.<\/p>\n Forward-Looking Statements<\/b><\/p>\n \nThis 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 the planned expansion of the Company\u2019s Pacific Northwest operations, the planned addition of siding at Carolina Stone, the continued expansion of the Company\u2019s product offering and distribution, M&A strategy, use of capital, and operating outlook. The July and August 2026 figures in this release are preliminary, remain subject to the completion of the Company\u2019s financial closing procedures, and have not been audited or reviewed by the Company\u2019s 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\u2019s 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\u2019s ability to continue as a going concern; acquisition timing and integration; seasonal fluctuations in demand; macroeconomic conditions; and other execution risks. Please review the Company\u2019s 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.<\/p>\n View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20261001017303\/en\/<\/a><\/span><\/p>\n Investor Contact KEYWORDS:<\/b> United States North America New York<\/p>\n INDUSTRY KEYWORDS:<\/b> Other Construction & Property Residential Building & Real Estate Manufacturing Commercial Building & Real Estate Construction & Property Other Manufacturing<\/p>\n\n
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Investor Relations
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Capstone Holding Corp.
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investors@capstoneholdingcorp.com
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www.capstoneholdingcorp.com
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