earnings
confidence high
sentiment positive
materiality 0.85
SiteOne Q3 net sales up 25% to $936.4M; raises FY2021 Adjusted EBITDA guidance to $380-400M
SiteOne Landscape Supply, Inc.
2021-Q3 EPS reported
$4.61
revenue$2,670,500,000
- Net sales $936.4M (+25% YoY); organic daily sales +15%; gross margin 36.4% (+310 bps).
- Net income $80.0M (+66%); Adjusted EBITDA $128.2M (+46%); Adj. EBITDA margin 13.7% (+200 bps).
- FY2021 Adj. EBITDA guidance raised to $380-400M (from $335-365M), growth 46-54% YoY, ex-acquisitions.
- Completed acquisition of Green Brothers Earth Works; established fourth distribution center in Dallas.
- Net debt $208.4M, net debt/EBITDA 0.5x; cash $158.0M, $364.1M ABL capacity.