secwatch.observer — SEC 8-K summary
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Issuer:     SiteOne Landscape Supply, Inc. (SITE)
CIK:        0001650729
Form:       8-K
Filed at:   2024-02-14T23:59:59+00:00
Accession:  0001104659-24-022641
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650729/000110465924022641/0001104659-24-022641-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650729/000110465924022641/tm246039d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-022641

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