Company Overview

Business Description

• Name: Capstone Holding Corp.
• Type: Building products distribution network
• Main Operating Subsidiary: TotalStone, LLC (dba Instone)
• Industry: Distribution of masonry and building products, focusing on stone and veneer products

Core Operations

• Primary Focus: Distributing thin veneer stone, natural stone, manufactured stone, landscape stone, and related masonry products
• Product Offering:
  • Over 1,980 SKUs including:
    • Cultured Stone® (manufactured stone veneer fixed as a flagship brand)
    • Dutch Quality® (mid-tier stone veneer)
    • Toro Stone™ (cost-competitive manufactured stone and brick profiles)
    • Pangaea Stone® (natural stone sourced globally)
    • Interloc™ (panelized stone for faster installation)
    • Beon Stone (mechanically attached stone panels)
    • Aura™ Natural Landscapes (natural stone for landscaping)
    • Isokern® Fireplaces (modular volcanic pumice fireplaces)
• Distribution Network:
  • 4 strategically located distribution centers in Massachusetts, New Jersey, Ohio, and Illinois
  • Serves 31 states covering over 60% of American households (approx. 40% of U.S. households)
• Customer Base: Over 400 active customers, primarily masonry, building materials, and landscape dealers
• Market Segment:
  • Residential construction (new builds & remodeling)
  • Commercial construction (hospitality, retail, offices)
• Industry Position: Largest wholesale distributor in the thin veneer masonry products industry

Business Strategy

• Expand geographic presence within the U.S.
• Diversify and enhance product portfolio with new textures, colors, and adjacent building products
• Focus on operational excellence via supply chain improvements and technology investments
• Leverage deep industry expertise and long-standing customer relationships
• Pursue strategic acquisitions to increase scale and scope
• Introduce innovative products like Toro® family of manufactured stones to accelerate revenue growth

Financial and Operational Data

• Employees: Approximately 38 full-time employees and 2 independent contractors as of December 31, 2024
• Revenue: Approximately $44.9 million for the year 2024
• Net Loss: Approximately $2.56 million in 2024
• Gross Profit Margin: About 21.3% in 2024
• Market Listing: Began trading on Nasdaq under the symbol CAPS on March 6, 2025
• Shares Outstanding (as of March 31, 2025): 5,190,251 shares of common stock issued and outstanding