SiteOne Q4 net loss widens to $3.4M; FY23 EBITDA down 12% to $410.7M, guides FY24 EBITDA $420-455M

SiteOne Landscape Supply, Inc.

2023-FY EPS reported $3.80 revenue$4,301,200,000

Q4 net sales +8% to $965M; organic daily sales -1%; net loss $3.4M vs $0.9M loss prior year.
Full year net income fell 29% to $173.4M; Adjusted EBITDA -12% to $410.7M; margin 9.5% (down 210bps).
Record operating cash flow $297.5M (up $80.3M); net debt/EBITDA 0.9x vs 0.8x year-end 2022.
Closed 11 acquisitions in 2023 with ~$320M trailing sales; repurchased $11.4M shares in Q4.
FY2024 guidance: Adj. EBITDA $420-455M; low single-digit organic sales growth; prices seen -1% to -2%.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SiteOne Landscape Supply, Inc. reported financial results for the fourth quarter and full fiscal year ended December 31, 2023.

Period: the fourth quarter and full fiscal year ended December 31, 2023
Result: reported results

Exact text from the filing

SiteOne Landscape Supply, Inc. issued a press release announcing its results of operations for the fourth quarter and full fiscal year ended December 31, 2023.

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accession 0001104659-24-022641

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