secwatch.observer — SEC 8-K summary
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Issuer:     SiteOne Landscape Supply, Inc. (SITE)
CIK:        0001650729
Form:       8-K
Filed at:   2021-08-04T23:59:59+00:00
Accession:  0001104659-21-099703
Event type: earnings
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650729/000110465921099703/0001104659-21-099703-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650729/000110465921099703/tm2123679d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-099703

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer