Capstone Holding Corp. (NASDAQ: CAPS) announced multiple new project and customer wins with national and regional homebuilders, which it said are driving immediate revenue and EBITDA growth. The company said the newly awarded engagements span single-family and multifamily residential developments across the U.S. and Canada and represent more than 300,000 square feet of annualized project demand, with multiple programs already in production and others expected to begin in coming weeks. Capstone reported that the new projects are delivering immediate EBITDA contribution and are expected to accelerate its transition to a positive EBITDA run-rate beginning in Q2. The company identified multi-year program wins with Lennar, Jayman Homes in Alberta, and Marrano Homes in Buffalo, New York, as well as a large multifamily development in Madison, Wisconsin and a new customer relationship with Adams Homes across the Southeastern United States, noting that several large shipments are underway and additional revenue is expected as projects ramp.
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