SiteOne Q1 net loss of $4.5M vs $32.3M income; sales up 4% to $837.4M

SiteOne Landscape Supply, Inc.

2023-Q1 EPS reported -$0.10 revenue$837,400,000

Net loss of $4.5M compared to net income of $32.3M a year ago.
Net sales increased 4% to $837.4M; organic daily sales fell 2%.
Adjusted EBITDA decreased 41% to $39.8M; margin dropped 360 bps to 4.8%.
Gross margin expanded 90 bps to 34.3%, but SG&A rose 620 bps to 34.8% of sales.
Adjusted EBITDA guidance for FY 2023 reaffirmed at $395M to $425M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.92

SiteOne Landscape Supply, Inc. reported first quarter ended April 2, 2023 results: revenue $837.4 million, net income Net loss of $4.5 million. Guidance reaffirmed.

Period: first quarter ended April 2, 2023
Revenue: $837.4 million
Net income: Net loss of $4.5 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

99.1 May 3, 2023 SiteOne Landscape Supply Announces First Quarter 2023 Earnings First Quarter 2023 Highlights (Compared to First Quarter 2022): · Net sales increased 4% to $837.4 million · Organic Daily Sales decreased 2% · Gross profit increased 7% to $287.1 million; gross margin expanded 90 basis points to 34.3% · SG&A as a percentage of Net sales increased 620

View on SEC.gov

Browse all earnings releases →

SiteOne Landscape Supply, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-055212

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.