secwatch.observer — SEC 8-K summary
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Issuer:     SiteOne Landscape Supply, Inc. (SITE)
CIK:        0001650729
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0001104659-23-113094
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SiteOne Q3 net income falls 22% to $57.3M; guides FY23 EBITDA $400-410M
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- Net sales $1.15B (+4% YoY); organic daily sales -2% on commodity price deflation.
- Gross margin 33.9% (-130 bps); net income $57.3M (-22%); adjusted EBITDA $119.8M (-12%).
- Closed six acquisitions; term loan increased by $120M.
- Full-year 2023 adj. EBITDA guidance set at $400-410M; expects Q4 OSD decline.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650729/000110465923113094/0001104659-23-113094-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650729/000110465923113094/tm2329527d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-113094

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