Capstone Holding Corp. (CAPS) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and thank you for joining us. I'm Matthew Lippmann, CEO of Capstone Holding Corp, ticker 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-day performance reflects strong integration and disciplined execution. Revenue is up 19% year-over-year, driven by the Carolina Stone acquisition. Gross profit is up 34%, with margin expansion from 21.7% to 24.4%, driven largely by sourcing improvements and a stronger product mix. And 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 acquisitio...