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Dec 29, 2024
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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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