secwatch.observer — SEC 8-K summary
======================================

Issuer:     SiteOne Landscape Supply, Inc. (SITE)
CIK:        0001650729
Form:       8-K
Filed at:   2022-05-04T23:59:59+00:00
Accession:  0001104659-22-055488
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SiteOne Q1 net sales up 24% to $805M; adj EBITDA doubles to $67.8M
------------------------------------------------------------------

- Net sales $805.3M (+24% YoY); organic daily sales +17%.
- Net income $32.3M (up from $7.4M); adjusted EBITDA $67.8M (+97%).
- Gross margin improved 240 bps to 33.4%; SG&A as % of sales down 100 bps to 28.6%.
- Acquired JK Enterprise Landscape Supply; post-quarter closed BellStone and Preferred Seed.
- Maintains FY2022 adj EBITDA guidance $430-450M; product inflation expected to persist.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650729/000110465922055488/0001104659-22-055488-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650729/000110465922055488/tm2214038d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-055488

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