SiteOne Q4 2024 Earnings Report

Key Takeaways

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.

Total Revenue

$1.01B

Previous year: $965M

+5.0%

EPS

-$0.48

Previous year: -$0.08

+500.0%

Organic Daily Sales Growth

Gross Margin

33.3%

Previous year: 33.8%

-1.5%

Adjusted EBITDA Margin

3.1%

Previous year: 4.1%

-24.4%

Gross Profit

$338M

Previous year: $327M

+3.4%

Cash and Equivalents

$107M

Previous year: $82.5M

+29.8%

Free Cash Flow

$283M

Previous year: $99.6M

+184.5%

Total Assets

$3.07B

Previous year: $2.83B

+8.6%

SiteOne Revenue

SiteOne EPS

Forward Guidance

SiteOne anticipates moderate demand growth and price stabilization in 2025. Cost control efforts and acquisitions are expected to support an increase in Adjusted EBITDA margin.

Positive Outlook

Commodity price deflation is moderating.
End-market demand expected to be stable to slightly positive.
Operational efficiency improvements expected.
Strong acquisition pipeline remains in place.
Cost management initiatives supporting margin expansion.

Challenges Ahead

Uncertainty around interest rates and tariffs.
Labor supply challenges continue to pose risks.
Flat to slightly down pricing expected for 2025.
SG&A expenses may remain elevated.
Economic conditions could impact overall market demand.