Capstone to Purchase Carolina Stone Products
Acquisition Announcement: Capstone (NASDAQ: CAPS) has signed an agreement to acquire Carolina Stone Products, with the deal expected to close by August 22, 2025.
Financial Impact: The acquisition will be immediately accretive to revenue and EBITDA, enhancing Capstone's presence in the Southeast and supporting margin growth.
CEO Statement: Matthew Lipman, CEO, emphasized that this acquisition aligns with their 2025 plan for growth, aiming for a ~$100 million revenue run-rate by entering 2026.
Future Plans: Capstone intends to pursue at least one more acquisition by the end of 2025, with several targets currently under review.
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Capstone Holding (CAPS) Launches $2M Cost-Cutting Program Aiming for Positive Free Cash Flow
- Cost-Cutting Initiative: Capstone Holding's newly launched cost-cutting program will eliminate approximately $2 million in annual corporate overhead, aiming to position the company for sustainable cash-generative growth and enhance financial health.
- Operating Expense Reduction: By cutting non-core investor relations and consulting expenditures, the company achieves an immediate reduction of about $1.7 million in operating expenses, directly contributing to improved profitability.
- Executive Compensation Adjustment: CEO Matthew Lipman has voluntarily reduced his annual base salary to $1.00, aligning executive remuneration directly with common shareholder equity appreciation, thereby boosting shareholder confidence.
- Profitability Outlook: Management expects the cost-cutting measures to start showing results by Q2 2026, when the company anticipates achieving a positive EBITDA run rate, independent of revenue growth.
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