Capstone Holding Earnings Call Transcripts
Fiscal Year 2025
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Revenue grew 19% and adjusted EBITDA rose 46% year-over-year, driven by acquisitions and margin expansion. Two acquisitions in 2025 expanded the platform, with more planned for 2026 as market conditions improve.
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Q2 delivered strong margin expansion and earnings growth, with EBITDA more than doubling year-over-year. The acquisition of Carolina Stone provides immediate Southeast market entry and is expected to be accretive, supporting ambitious 2026 revenue and EBITDA targets.
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2025 targets for $100M revenue and $10M adjusted EBITDA are reaffirmed, with a robust acquisition pipeline and flexible capital in place. Instone's Q1 was impacted by weather and economic uncertainty, but full-year guidance remains unchanged, expecting a strong second half.