---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-113693"
form_type: "8-K"
ticker: "SITE"
cik: "0001650729"
company_name: "SiteOne Landscape Supply, Inc."
filed_at: "2022-11-02T23:59:59+00:00"
generated_at: "2026-06-22T14:20:19.340628+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# SiteOne Q3 net sales up 18% to $1.1B; raises FY Adj. EBITDA guidance to $455-470M

## Summary
- Net income fell 8% to $73.3M; Adj. EBITDA up 6% to $135.6M; margin down 140bps to 12.3%.
- Organic Daily Sales grew 12% driven by pricing; acquisitions contributed $56.6M (6%) to net sales.
- Board approved $400M share repurchase authorization; ABL facility increased to $600M.
- Raised FY2022 Adj. EBITDA guidance to $455-470M from prior $440-460M (10-13% growth).
- Closed six acquisitions in Q3 and one post-quarter; gross margin fell 120bps to 35.2%.

## SEC filing metadata
- accession: 0001104659-22-113693
- form_type: 8-K
- ticker: SITE
- cik: 0001650729
- company_name: SiteOne Landscape Supply, Inc.
- filed_at: 2022-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1650729/000110465922113693/0001104659-22-113693-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1650729/000110465922113693/tm2229152d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-113693
- JSON: https://secwatch.observer/filing/0001104659-22-113693.json
- Plain text: https://secwatch.observer/filing/0001104659-22-113693.txt

## Key facts
- Earnings Releases
  SiteOne Landscape Supply, Inc. updated its Fiscal 2022 guidance (raised).
  - Period: Fiscal 2022
  - Guidance: raised
  - Result: guidance update
  source text: For Fiscal 2022, we now expect our Adjusted EBITDA to be in the range of $455 million to $470 million, which represents 10% to 13% growth over our exceptional Fiscal 2021 result.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1650729/000110465922113693/0001104659-22-113693-index.htm
- Earnings Releases
  SiteOne Landscape Supply, Inc. reported third quarter ended October 2, 2022 results: revenue $1.1 billion, net income $73.3 million.
  - Period: third quarter ended October 2, 2022
  - Revenue: $1.1 billion
  - Net income: $73.3 million
  - Result: reported results
  source text: 99.1 November 2, 2022 SiteOne Landscape Supply Announces Third Quarter 2022 Earnings Third Quarter 2022 Highlights (Compared to Third Quarter 2021): • Net sales increased 18% to $1.1 billion • Organic Daily Sales increased 12% • Gross profit increased 14% to $388.6 million; Gross margin was 35.2% • SG&A as a percentage of Net sales increased 110 basis points to 26.2%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1650729/000110465922113693/0001104659-22-113693-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.