SiteOne Q2 net sales up 33% to $1.1B, raises FY 2021 EBITDA outlook to $335-365M

SiteOne Landscape Supply, Inc.

2021-Q2 EPS reported $2.86 revenue$1,734,100,000

Net income rose 56% to $123.5M; Adjusted EBITDA up 44% to $190.6M (17.6% margin, +140 bps).
Organic Daily Sales increased 22%; acquisitions contributed $90.4M (11%) to net sales growth.
Gross margin improved 80 bps to 35.8%; SG&A as % of sales fell 60 bps to 20.8%.
Closed three acquisitions: Timberwall, Melrose Irrigation Supply, and Rock & Block Hardscape Supply.
FY 2021 Adjusted EBITDA guidance raised to $335-365M (prior $300-320M) excluding unannounced deals.

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