---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-055212"
form_type: "8-K"
ticker: "SITE"
cik: "0001650729"
company_name: "SiteOne Landscape Supply, Inc."
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T01:09:17.448130+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-055212
- form_type: 8-K
- ticker: SITE
- cik: 0001650729
- company_name: SiteOne Landscape Supply, Inc.
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1650729/000110465923055212/0001104659-23-055212-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1650729/000110465923055212/tm2314128d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-055212
- JSON: https://secwatch.observer/filing/0001104659-23-055212.json
- Plain text: https://secwatch.observer/filing/0001104659-23-055212.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1650729/000110465923055212/0001104659-23-055212-index.htm

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