{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-086536","form_type":"8-K","ticker":"SITE","cik":"0001650729","company_name":"SiteOne Landscape Supply, Inc.","filed_at":"2023-08-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.717529+00:00","generated_at":"2026-06-12T13:50:24.760387+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"SiteOne Q2 net income down 12% to $124M; sales up 11% to $1.35B","bullets":["Net sales $1.35B (+11% YoY); organic daily sales +4% on volume growth; acquisitions contributed 7%.","Gross margin 36.2% (-170 bps); SG&A 23.7% of sales (+130 bps) from acquisitions and inflation.","Net income $124M (-12% from $140.7M); adjusted EBITDA $211.2M (-5%); margin 15.6% (-260 bps).","Operating cash flow $253.8M (+$159.1M YoY); net debt $385.4M; net debt/Adjusted EBITDA 0.9x.","FY2023 adjusted EBITDA guidance $400M-$425M; closed two acquisitions in Q2, one post-quarter."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-086536","json":"https://secwatch.observer/filing/0001104659-23-086536.json","markdown":"https://secwatch.observer/filing/0001104659-23-086536.md","text":"https://secwatch.observer/filing/0001104659-23-086536.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1650729/000110465923086536/0001104659-23-086536-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1650729/000110465923086536/tm2322317d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T13:50:24.760387+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"263ea54bfabb62f7286419b065443298e30d95a7","claim":"SiteOne Landscape Supply, Inc. reported second quarter ended July 2, 2023 results: revenue $1.35 billion, net income $124.0 million. Guidance reaffirmed.","evidence_excerpt":"August 2, 2023 SiteOne Landscape Supply Announces Second Quarter 2023 Earnings Second Quarter 2023 Highlights (Compared to Second Quarter 2022): • Net sales increased 11% to $1.35 billion • Organic Daily Sales increased 4% • Gross profit increased 6% to $489.4 million; gross margin contracted 170 basis points to 36.2% • SG&A as a percentage of Net sales increased","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1650729/000110465923086536/0001104659-23-086536-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter ended July 2, 2023"},{"label":"Revenue","value":"$1.35 billion"},{"label":"Net income","value":"$124.0 million"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}