Quick note: Over the past several weeks, I’ve been documenting my investment philosophy and process, an exercise that has taken longer than expected. The goal is to use this document to better structure the newsletter and accelerate publication timelines. In the meantime, the earnings season may be over, but interesting press releases continue to come in.
Scroll down to continue reading this week’s most actionable corporate events in HTML format. For all past setups, please refer to the PDF file at the end.
This Week’s Most Actionable Corporate Events
B.O.S. Better Online Solutions Ltd. (BOSC) | Communications Equipment | $4.86 | $29.5mm
Earnings Results: Reported 2Q25 results with revenue up 36.4% to $11.5mm and net income up 52.7% to $765k, or $0.13 per share. Contracted backlog was $24mm, compared to $22mm in March and $27mm in December. Based on strong results and contracted activity with existing and new customers, the company raised its 2025 outlook to revenues of $45-48mm (from $44mm) and net income of $2.6-3.1mm (from $2.5mm).
Capstone Holding Corp. (CAPS) | Building Materials | $1.10 | $6.1mm
Business Acquisition: Acquired Carolina Stone Products (North Carolina) for $3.9-4.7mm, or ~4.7x-5.2x EBITDA. The target generated ~$11mm in trailing revenue and ~$0.75mm in LTM EBITDA, with ~$1.0mm of EBITDA contribution expected in 2026. The deal is immediately accretive to revenue and EBITDA, expands its Southeast footprint, one of the nation's fastest-growing construction markets, adds premium brands, and supports margin expansion. The company expects at least one more acquisition by year-end 2025, with multiple targets under review at 4-6x EBITDA, positioning it to enter 2026 at a ~$100mm revenue run-rate.