Capstone Secures Major Homebuilder Contracts, Boosting Order Volume to Two-Year High
Event summary
- Capstone expanded its relationship with D.R. Horton to 19 communities in Raleigh.
- Secured all regional stone installation work for a leading national homebuilder in Charlotte.
- Won a ~$1 million multifamily project in the Charlotte metropolitan area.
- Order volume reached its highest level in two years, driving revenue visibility.
- First-quarter gross margin expanded 670 basis points to 23.5%, the highest in four years.
The big picture
Capstone's recent contract wins underscore its strategic focus on expanding relationships with major homebuilders, a move that aligns with broader industry trends toward consolidation and supply chain optimization. The company's ability to secure all regional stone installation work for a leading national homebuilder highlights its growing influence in the building materials distribution sector. With order volume at a two-year high and gross margins improving, Capstone is positioning itself for continued financial performance improvements.
What we're watching
- Revenue Growth
- How the new awards will impact Capstone's revenue trajectory in the fourth quarter of 2026 and beyond.
- Margin Expansion
- Whether Capstone can sustain its gross margin expansion toward the 26.0% target for FY2026.
- Pipeline Momentum
- The pace at which Capstone can convert its strengthened commercial pipeline into additional contract wins.
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