secwatch.observer — SEC 8-K summary
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Issuer:     SiteOne Landscape Supply, Inc. (SITE)
CIK:        0001650729
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001104659-23-055212
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650729/000110465923055212/0001104659-23-055212-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650729/000110465923055212/tm2314128d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-055212

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer