SiteOne Earnings Reports

SiteOne Landscape Supply reported a 5% increase in net sales for Q4 2024, reaching $1.01 billion. However, net loss widened to $21.7 million due to lower gross margin and higher SG&A expenses. Adjusted EBITDA declined by 20% to $31.8 million.

SiteOne Landscape Supply announced its Q3 2024 earnings, revealing a net sales increase to $1.21 billion, a 6% rise compared to the previous year. Despite market challenges including price deflation, the company achieved 2% Organic Daily Sales volume growth. Net income attributable to SiteOne was $44.4 million, while Adjusted EBITDA decreased to $114.8 million.

SiteOne Landscape Supply announced its second quarter 2024 earnings, with net sales increasing to $1.41 billion, a 4% rise compared to the previous year. Despite a 3% decrease in Organic Daily Sales due to soft demand and price deflation, acquisitions contributed significantly to sales growth. The company's adjusted EBITDA was comparable to the prior year, and it expects overall sales growth to be positive in the second half of 2024, albeit with a lower adjusted EBITDA margin.

SiteOne Landscape Supply reported an increase in net sales to $904.8 million, driven by organic daily sales growth and contributions from acquisitions. However, the company experienced a net loss of $19.3 million due to lower gross margin and higher SG&A expenses, impacted by commodity price deflation.

SiteOne's Q4 2023 net sales increased by 8% to $965.0 million, driven by acquisitions, although organic daily sales decreased by 1% due to commodity price deflation. Gross profit rose by 8%, but gross margin decreased slightly. Net loss was $3.4 million, while adjusted EBITDA increased by 3%.

SiteOne Landscape Supply reported a 4% increase in net sales to $1.15 billion for Q3 2023, driven by acquisitions. However, organic daily sales decreased by 2% due to commodity price deflation. Gross margin contracted by 130 basis points to 33.9%, and adjusted EBITDA decreased by 12% to $119.8 million.

SiteOne Landscape Supply reported second quarter results with net sales increasing to $1.35 billion, driven by organic daily sales growth and acquisitions. Gross profit increased, but gross margin contracted. Net income was $124.0 million. The company completed two acquisitions during the quarter and one more in July.