SiteOne Q2 net sales $1.22B (+12% YoY), Adj EBITDA $222M (+16%), raises FY22 guidance to $440-460M

SiteOne Landscape Supply, Inc.

2022-Q2 EPS reported $3.78 revenue$2,021,900,000

Net sales $1.22B, up 12% YoY; Organic Daily Sales +8%; gross margin 37.9% (+210 bps).
Net income $140.7M (+14%); Adjusted EBITDA $222M (+16%), margin 18.2% (+60 bps).
Closed six acquisitions in Q2 and one post-quarter; upsized ABL facility to $600M from $375M, maturity July 2027.
FY2022 Adj EBITDA guidance raised to $440-460M (prior $430-450M), high single-digit organic daily sales growth expected.

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