secwatch.observer — SEC 8-K summary
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Issuer:     SiteOne Landscape Supply, Inc. (SITE)
CIK:        0001650729
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0001104659-22-113693
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650729/000110465922113693/0001104659-22-113693-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650729/000110465922113693/tm2229152d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-113693

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