Aug. 21 at 5:58 PM
$CAPS $DHI $BLDR $IBP $XHB
For investors following US homebuilding and building-products distribution, CAPS may be worth researching at roughly
$0.19.
Q2 results:
• Revenue:
$21.5M, up 67% YoY
• Gross profit:
$6.0M, up 92%
• Gross margin: 27.9%, up 357 bps
• Stone Business Adjusted EBITDA:
$2.0M at a 9.4% margin
Its Coastal Carolinas expansion serves a corridor with 230+ active new-home communities, while Carolina Stone’s D.R. Horton relationship has expanded to 19 communities.
The capital structure and dilution remain substantial risks—that is why the upcoming FAQ and updated 3i balance matter. But the operating improvement is real and deserves separate research from the financing controversy.
