SiteOne Landscape Supply reports Q4 net sales up 19%, net income $27.5M; guides FY2022 Adj. EBITDA $430-450M

SiteOne Landscape Supply, Inc.

2021-FY EPS reported $5.20 revenue$3,475,700,000

Net sales Q4 FY2021 $805.2M (+19% YoY); Organic Daily Sales +21%; full-year net sales $3.48B (+29%).
Q4 net income $27.5M vs $11.5M prior year; full-year net income $238.4M (+97% YoY).
Adjusted EBITDA Q4 $61.8M (+41%); full-year Adj. EBITDA $415.1M (+60%).
Gross margin Q4 35.1% (+220 bps); full-year 34.9% (+160 bps).
FY2022 guidance: Adj. EBITDA $430-450M (4-8% growth); expects high single-digit organic daily growth; gross margin to normalize.

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