Capstone Companies, Inc. provided preliminary earnings guidance for the third quarter ended September 30, 2015 and full year of 2015. For the quarter, revenue is expected to be approximately $7.7 million, up slightly from the prior-year period. This is up measurably from revenue of $1.0 million in the first half of 2015. Gross profit margin is expected to exceed 25% in the 2015 third quarter, well above the 14.4% reported in the 2014 third quarter, primarily reflecting the benefits of streamlining product offerings, changes in sales strategy and the success of new product introductions made at the 2015 National Hardware Show in May. Net income for the third quarter is forecasted at approximately $1.0 million, nearly offsetting a net loss of $1.1 million for the first half of 2015.

For the second half of 2015, revenue is expected to exceed 85% of 2014 full year revenue of $13.6 million.

The company anticipates strong fourth quarter revenue growth driving expectation for a return to profitability in 2015.